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In the wake of the slowdown in the industry, even reputed developers such as Sobha have slowed down new launches, which impacted their sales growth.Sobha reported flat pre-sales in terms of area of 1.06 msf in Q2FY20, but pre-sales in…
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The bank’s corporate loans grew only 8% Y-o-Y (after adjusting for the sale of loans and repayments of stressed loans) in 2Q FY20.By Daiwa Capital MarketsWhat’s new: IIB posted 50% Y-o-Y growth in net profit for 2Q FY20, largely meeting…
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West Texas Intermediate (WTI) crude futures rose 20 centsOil prices rose early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks…
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Between July 5 and September 19, the Sensex gave up nearly 10% of its value, eroding investor wealth to the tune of Rs 15.04 lakh crore.While the broader stock market has remained muted in the previous week, PSU issues IRCTC IPO and…
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CLSA has a target stock price of Rs 300 on the shares.After the Narendra Modiled government moved swiftly to remove legal hurdles in a bid to privatise state-owned BPCL (Bharat Petroleum), global brokerage firm CLSA said that the recent…
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Ebit margins at Tier-1 IT may see 90-150bp q-o-q improvement, led by tailwind from visa/ wage, operational improvements at INFO and high margin IBM IP business at HCLT.Tier-1 IT (ex CTSH) is likely to post aggregate growth of ~3.2% q-o-q…
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Fears of a possible slippage in the fiscal deficit with the announcement of stimulus package by the government has been haunting the bond market which has refused to transmit the reduction in the repo rate, say experts.The 10-year…
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Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current financial year.The government will launch the fourth installment of Bharat-22 Exchange Traded Fund (ETF) on Thursday,…
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In view of trading during the UPSI period, Mariwala had allegedly violated Prohibition of Insider Trading Regulations.Markets regulator Sebi has settled an alleged insider trading case with an individual in Sabero Organics Ltd matter on…
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The investors would get a 3 per cent discount over the issue priceThe government will launch fourth tranche of Bharat-22 ETF on October 3, which will help garner up to Rs 8,000 crore from investors, sources said. They added that the…
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