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Factoring in lower growth, continued higher corporate NPA formation and expected acceleration in retail/SME stress due to Covid-19’s impact, the brokerage built higher LLP at 310/180bps and thus, cut earnings … Read More
Structures or instruments such as compulsorily convertible preference shares — which get converted into ordinary shares after a predetermined date — are expected to become popular. – Stocks-Markets-Economic Times
Cigarette cessation rate is likely to accelerate given potential habit change for light smokers during product unavailability in lockdown – Stocks-Markets-Economic Times
The Nifty Auto index was trading 1.63 per cent up at 5536.1 . – Stocks-Markets-Economic Times
India’s equity markets have lost more than a fifth of their value this year, while the S&P 500 has corrected by just over 11 per cent. – NDTV Profit … Read More
The budget carrier has a total of 116 passenger planes and five freight aircraft in its fleet. – The Hindu – Industry
At the interbank foreign exchange, the rupee opened at 75.94, then gained ground and touched 75.84, registering a rise of 34 paise over its previous close. – NDTV Profit … Read More
Buying was visible across the sectors barring some FMCG shares. Metal, auto, finance, banking, information technology, telecom and utilities sectors rose between 1.5-3.8 per cent each. – NDTV Profit … Read More
The valuations turned favourable after panic selling in the market. – Stocks-Markets-Economic Times
The Nifty Bank index was trading 0.55 per cent up at 20784.7 . – Stocks-Markets-Economic Times