IT biz expected to make strong recovery in Q3
The improvement that IT companies have been seeing after the slump in the June quarter is expected to continue in the December quarter and after. – Stocks-Markets-Economic Times
Month: December 2020
SGX Nifty up 45 points; here’s what changed for market while you were sleeping
Asian shares retreated as investors cashed in on a recent rally, while the euro flirted with highs not seen in more than 2-1/2 years on as hopes of a gradual … Read More
Stocks in news: Jindal Steel & Power, UPL, EID Parry, and more
– Stocks-Markets-Economic Times
Stocks in the news: Vedanta, RIL, Future Enterprises, Jindal Steel and Future Consumer
Future group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees. – Stocks-Markets-Economic Times
Analysts expect fewer loan recasts now
Analysts are also forecasting lower credit provisions and better profitability for banks in the next fiscal year starting April 1, on the back of improved asset quality with a quick … Read More
Toothpaste brands, e-comm sites spent most on TV ads: TAM
Bollywood star Akshay Kumar was the top celebrity endorser on television, followed by superstar Amitabh Bachchan while cricketers MS Dhoni and Virat Kohli together accounted for 66% of the overall … Read More
Banking sector sees improvement in health in FY20: RBI
The RBI also expressed concern over rolling back the policy support given to banks to deal with the Covid-19 pandemic in the last eight months. – Stocks-Markets-Economic Times
Price targets for select bank stocks swell by up to 57%
ICICI Securities raised the targets on HDFC Bank, Axis Bank, SBI, IndusInd Bank, Bandhan Bank, Federal Bank, DCB Bank, Kotak Mahindra Bank, City Union Bank and YES Bank by 13-57 … Read More
RBI says NBFC profitability may come under pressure
The stronger and the deposit-taking NBFCs may however fare better as many have reported strong revival in disbursements and collections, almost to pre-COVID levels, the regulator observed. – Stocks-Markets-Economic … Read More
Banks Need To Fortify To Meet Challenges Following Covid Unwinding: RBI
The accretion to non-performing assets according to the RBI’s Income Recognition and Asset Classification (IRAC) norms would have been higher in the absence of the asset quality standstill provided as… … Read More