Previous Day Market Sensex Closed At 52,837 up by 638.70 points Nifty Closed At 15,752 up by 191.95 points In an interesting move, Zomato decided to pull back its listing date to 23 July instead of 27 July, as was originally scheduled. It may be recollected that the price of the IPO was discovered at
Previous Day Market Nifty Closed At 15,689 Down By 38 Points Sensex Closed At 52,386 Down By 182 Points Tata Steel scaled another 4.5% on Friday after CARE Rating upgraded its long-term credit rating outlook for Tata Steel from Negative to Stable. The stock is already trading at a 52-week high level of Rs.1,247 per
Previous Day Market Sensex closed at 49,502.41 up by 295.94 points Nifty closed at 14,942.35 up by 119.20 points According to Fitch Ratings, the RBI COVID relief package would, at best, delay the stress for banks and NBFCs in India. Last week, the RBI had rolled out an Rs.50,000 crore special COVID package. This included a loan
Previous Market Closed Sensex closed at 49,746.21 up by 84.45 points Nifty closed at 14,873.80 up by 54.75 points The much touted IPO of Macrotech Developers has received an extremely tepid response with the issue getting subscribed just about 0.35 times at the end of the second day. The issue closes for subscription on Friday. It
Central Bank India reported flat net profits of Rs.165 crore for the Dec-20 quarter despite 10% fall in total revenues at Rs.6,584 crore. CBI saw flat treasury income but retail lending income was down as was corporate lending. Interest income fell with lower rates. Despite a 30% fall in the operating profits yoy, Central Bank
Reliance Retail Ventures concluded it’s fund raising from global PE funds. Till date it has raised Rs.47,267 crore by selling 10.09% stake to global PE and sovereign funds. This gives RRVL an overall valuation of Rs.468,500 crore; marginally lower than the value for the digital business of Jio Platforms. The investors in RRVL include marquee
In a rather unprecedented move, the RBI deferred the forthcoming meeting of the MPC scheduled on September 29, 30, and October 1. The monetary policy, therefore, will not be presented on October 01. While there has been no reason give, apparently it is because 3 members of the MPC demitted office on September 22.
Hero Moto reported 95% fall in net profit profits to Rs.61 crore for the Jun-20 quarter. Total revenues for the quarter were also down by 63% at Rs.2972 crore. However despite the sharp fall in revenues, the net profits remained in the black due to 57% cut in total expenses. The EBITDA margin also