Bandhan Bank hiked lending rates by 18-88 bps across tenures, reported CNBC-TV18.
Bandhan Bank was quoting at Rs 278.55, up Rs 2.20, or 0.80 percent on the BSE.
Steel Strips Wheels has achieved second highest ever net turnover:Steel Strips Wheels has achieved second highest ever net turnover of Rs 363.03 crore in July 2022 versus 306.12 crore in July 2021, recording a growth of 18.57 percent, YoY and achieved gross turnover of Rs 446.11 crore in July 2022 against Rs 372.22 crore in July 2021, recording a growth of 19.85 percent, YoY.
ITC flat ahead of Q1 earnings today; here’s what analysts expect
The cigarette business is the cash cow for ITC, bringing in the lion’s share of profits. Amid the rise in international wheat prices and plastic ban, many expect the company’s agri, hotel and paper…
India manufacturing PMI at eight-month high
S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose from 53.9 in June to 56.4 in July.
ICICI Bank hiked lending rates by 15 bps across tenures and Bank Of India hiked lending rates by 10 bps across tenures, reported CNBC-TV18.
Government soon to notify 1.2 MT of additional sugar exports this season
This additional quota would be over and above 10 MT of sugar exports allowed for the current 2021-22 season.
Buzzing:Shares of Mahindra & Mahindra Ltd (M&M) hit an all time high on Monday after it recorded 1,00,000 bookings for the all-new Scorpio-N within 30 minutes of booking commencement on Saturday.The rush has translated into a book value of Rs 18,000 crore on ex-showroom price basis. The firm said the enthusiasm for the SUV was so high that it recorded 25,000 bookings within the first one minute.
Gold Prices Today: Yellow metal holds steady on safe-haven buying
Gold and silver gained in the previous week on downbeat US economic data and strength in the euro
YES Bank plans to raise over $1 billion:
Shares of YES Bank surged on Monday after the lender announced that it will raise $1.1 billion from two private equity investors – Carlyle and Advent International – last Friday.
It plans to raise around Rs 5,100 crore by issuing 370 crore shares on a preferential basis to Advent and Carlyle at Rs 13.78 apiece and the rest through 257 crore convertible warrants at Rs 14.8 apiece, YES Bank said in an exchange filing.
Both the private equity investors will hold up to 10 percent stake in private sector lender upon the completion of the deal.
Results on August 1
ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, Barbeque-Nation Hospitality, Carborundum Universal, Castrol India, Escorts Kubota, Eveready Industries India, Indo Count Industries, Kansai Nerolac Paints, Max Financial Services, Prudent Corporate Advisory Services, Punjab & Sind Bank, The Ramco Cements, RateGain Travel Technologies, Thyrocare Technologies, Triveni Turbine, and Varun Beverages will be in focus ahead of June quarter earnings on August 1.
Daily Voice | This fund manager is bullish on low corporate, household leverage, robust banking sector for economic growth
One should invest in companies that are competitively well positioned and stay disciplined on valuations.
Buzzing
The deadline for submission of resolution plan for debt-ridden Reliance Capital may be extended further as bidders have sought more time to complete the due diligence process, sources said.
A few bidders, including Piramal, Torrent, Oaktree and IndusInd Bank, have written to the administrator seeking an extension of the deadline from the existing August 10 to September 15.
Reliance Capital was quoting at Rs 12.34, up Rs 0.04, or 0.33 percent on the BSE.
