Bank stocks, firm global cues drive Sensex 307 points higher
Top private lender HDFC Bank was the biggest Sensex contributor as it rose 3.14 per cent. – Stocks-Markets-Economic Times
Month: June 2020
Alkem Laboratories Q4 results: Net profit up 12% at Rs 191.54 crore
The company had posted a net profit of Rs 170.50 crore for the corresponding period of previous fiscal. – Stocks-Markets-Economic Times
IL&FS Transportation incurs Rs 17,000 crore standalone loss in FY20
During the last fiscal, the company saw a sharp decline in its standalone total income to Rs 786.24 crore, as against Rs 4,709.48 crore in the year-ago fiscal. – … Read More
SBI gains market share, 21% loans on EMI freeze: Key Q4 takeaways
The bank’s bad loan volume rose by about a Rs 1,000 crore to Rs 8,105 crore. – Stocks-Markets-Economic Times
Need to use resources prudently in COVID-19 crisis, don’t initiate any new scheme: FinMin to Ministries
Schemes that are already approved for the current financial year will remain suspended till March 31 next year or further orders – The Hindu – Economy
SBI March Quarter Profit Jumps Four Times
SBI’s results are a bright spot for the country’s bad loan-burdened financial sector that has been hit severely as the coronavirus forced a nationwide lockdown. – NDTV Profit – … Read More
Need to use resources prudently in COVID-19 crisis, don’t initiate any new scheme: FinMin to ministries
Schemes that are already approved for the currrent financial year will remain suspended till March 31 next year or further orders – The Hindu – Economy
Sensex, Nifty Close Higher After A Day’s Pause
Both benchmark indices resumed their upmove after a day’s pause, following a rally that lasted six straight sessions pushing Sensex more than 11 per cent higher. – NDTV Profit … Read More
Chris Wood says Indian economy picking up, Unlock 0.1 big positive
Wood said there is no evidence in India, as yet, of the virus curve flattening. – Stocks-Markets-Economic Times
SBI Q4 results: Profit jumps four-fold to Rs 3,581 crore, exceeds Street estimates
The profit figure came in way higher than Rs 2,000 crore estimated by analysts in an ET NOW poll. – Stocks-Markets-Economic Times