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Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Three major public sector banks – Bank of Baroda, Bank of India, and Punjab National Bank – are showing a significant gap between their credit and deposit growth, exceeding 350 basis points. While Bank of Baroda saw a sequential dip in both assets and liabilities, Bank of India and Punjab National Bank reported consistent expansion…
IT stocks surged on Thursday, with the Nifty IT index climbing over 4.7% and leading gains on the NSE. This rebound followed recent losses, driven by a US tech rally and anticipation of quarterly results. Large-cap firms like Infosys and TCS saw significant jumps, while mid-cap IT stocks also experienced strong buying. Analysts suggest attractive…
New RBI rules demanding 100% collateral for bank guarantees from July 1 are set to significantly impact proprietary trading desks. These firms, crucial to market turnover, face increased funding costs and squeezed profits. Industry experts warn of reduced trading volumes and potential job losses as the cost of capital rises substantially, prompting some firms to…
Bank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of gross negligence, failing to conduct proper due diligence, and allowing fraudulent transactions without adhering to anti-money laundering and KYC norms. This payout, significantly exceeding its reported exposure, aims to resolve claims from…
Icra downgraded Utkarsh Small Finance Bank’s debt ratings, citing elevated bad loans, weak earnings and rising stress in its microfinance portfolio. High credit costs, fresh slippages and lower operating profitability weighed on the lender despite improving collection efficiency.
Three major public sector banks – Bank of Baroda, Bank of India, and Punjab National Bank – are showing a significant gap between their credit and deposit growth, exceeding 350 basis points. While Bank of Baroda saw a sequential dip in both assets and liabilities, Bank of India and Punjab National Bank reported consistent expansion…
Danish brewer Carlsberg has taken a significant step towards listing its Indian operations by confidentially filing draft papers for a $700 million IPO with the Bombay Stock Exchange. Managed by top financial institutions, the move follows a year of preparations, including strengthening governance and converting to a public limited company. This IPO aims to tap…
US markets closed mixed as weak June jobs data cooled rate hike fears. Nasdaq fell on tech and chip stock declines, while the Dow rose strongly. Tesla slipped despite strong deliveries. Softer payrolls reduced Fed tightening expectations, offering near-term relief, even as inflation concerns tied to oil prices persisted.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…