HDFC Bank Q3 Update: Gross advances jump 62% YoY to Rs 24.69 lakh crore
Grossing up for transfers through inter-bank participation certificates and bills rediscounted, the HDHC Bank’s advances grew 60.7% on a year-on-year (YoY) basis and 3.8% on a quarter-on-quarter (QoQ) basis, the company said in its filing to the exchanges.
Big movers on D-Street: What should investors do with Bajaj Auto, Sobha and Adani Ports?
Stocks that were in focus include names like Bajaj Auto, which fell 0.81%, Sobha, which jumped 15.8%, and Adani Ports, whose shares jumped 2.5% on Thursday.
Grasim sets rights issue price at Rs 1,812 per share
Grasim Industries will issue 2.21 crore shares on a partly-paid up basis, with the face value of each share at Rs 2, and a premium of Rs 1,810 rupees per share, the company said in an exchange filing.
Realty index closes at 15-year high, ‘stocks a buy on dips’
Shares of Bengaluru-based Sobha jumped 15.82% to an all-time high closing of Rs 1,296.60 after brokerage Motilal Oswal Financial set a price target of Rs 1,400 on the stock while rating it as one of the top picks for 2024.
These ET 500 companies have reported higher profits in first half of FY24 than in the whole of FY23
According to an ETIG analysis, there are 45 companies in the latest ET 500 listing which have reported higher net profit in the first half of FY24 compared with the full year profit in FY23. In addition, these companies have also expanded operating margin before depreciation and amortisation (EBITDA margin
IndiGo unlikely to gain share as rivals’ business plans take off
Historical data show that an airline gains market share or improves margins amid weak competition. This was true for InterGlobe as well. Apart from expanded market share, its operating margin before depreciation and amortisation (Ebitda margin) improved to 31.2% in the June 2023 quarter from 20.9% in the March 2023 quarter despite buoyant crude oil […]
Work likely to get affected as SAT now has only one member
The functioning of SAT which hears appeals against orders by the capital markets regulator is likely to be affected after the retirement of the presiding officer. SAT has a sanctioned strength of three judges. The lack of a presiding officer will lead to an increase in litigation as appeals filed before SAT against adjudication orders […]
Financial services stocks remain top FPI pick in December
The sector received ₹6,277 crore in the period between December 16 and 30, according to the data from National Securities Depository Limited (NSDL). In the December 1-15 period, these stocks attracted ₹22,891 crore.
SBI raises $250 million through green bonds maturing in 2028
State Bank of India, the country’s largest lender, has raised $250 million through the issuance of green bonds via private placement facilitated through its London branch.
SC ruling to decide fate of TRCs, tax notices to investors
The apex court this week has given an interim stay on a significant Delhi High Court ruling in early 2023 that a tax residency certificate (TRC) is sufficient for a foreign investor’s claim to pay zero or lower tax under treaties between India and overseas jurisdiction like Mauritius, Singapore and The Netherlands.