What happened last week that sent South Korean investors into a tizzy?Almost the entire banking space reported results on Saturday? Who was the Man of the Match? A nemesis is slowly lurking in the background once again!Read about all of…
Tata Power received an LoA from SECI for a 324 MW / 2,592 MWh pumped storage plant, providing services for 40 years with an annual fixed charge of Rs 351.3 crore.
Natco Pharma received USFDA tentative approval for generic Olaparib tablets, a version of AstraZeneca’s Lynparza. Natco will manufacture, Alembic will distribute in the US.
Punjab & Sind Bank’s Q1 net profit rose 23.05% to ₹331 crore. Gross NPA declined to 2.21%, Net NPA to 0.65%. Total Business grew 15.27%.
BEPL reported a 42.9% rise in net profit to ₹66 crore and 53.3% revenue growth to ₹472.2 crore for Q1 FY27. It declared an interim dividend and is expanding its Abu Road plant.
IDBI Bank’s net Advances for the quarter increased by 22% from last year to ₹2.58 lakh crore, while deposits grew by 10% to ₹3.25 lakh crore. On a sequential basis, advances were up 2%, while deposits were down 6%.
JK Cement said it remains on track to scale grey cement capacity from 32.3 MTPA currently to 40 MTPA by FY28 and 50 MTPA by FY30, with planned capex of ₹5,000-6,000 crore over the next two years.
Ashok Vaswani, outgoing Kotak Mahindra Bank CEO, stepped down for personal reasons, including the arrival of his grandchild. He cited the bank’s strong position and his “heavy lifting” work.
DSP Asset Managers CIO Anish Tawakley explains why he expects India’s earnings cycle to remain strong despite higher crude prices, outlines his preference for cyclical sectors, shares his cautious view on IT and unsecured lending, and highlights insurance as one…
ICICI Bank’s provisions for the quarter saw a sharp jump to ₹1,260 crore from just 96 crore in March, but were sharply lower on a year-on-year basis, as the base quarter had a provision figure of ₹1,814.5 crore.