The mid-sized private lender’s gross non-performing assets (NPAs) in absolute terms doubled to Rs 2,018.56 crore compared to Rs 1,005.9 crore in the previous quarter.
The market currently is fairly valued, but equities will always be volatile in near term, says Prashant Jain, CIO of HDFC Mutual Fund, adding that one must invest into equities at any point the market corrects due to global reasons.
Orient Cement is set to acquire 74 percent in Bhilai Cement from JP Associates. The enterprise value is Rs 1450 crore and it works out to USD 110 a tonne.
Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.
From being the largest private power utility for decades, Tata Power, with 8,726 MW installed capacity at the end of March, had lost the top slot last year to Adani Power, which has 10,440 MW capacity.
Speaking to CNBC-TV18, Â Rajat Monga CFO, YES Bank says the bank has restructured two borrower's accounts in the road sector for the quarter, totalling to about 20-21 bps on the banks' loan book.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on.
HDFC, Coal India, BHEl, ICICI Bank and Hero are top losers in the Sensex. Among the gainers are Bajaj Auto, ONGC, L&T, SBI and Cipla.
The IT sector continues to lead in that five years of government but surprises come in from the auto sector, which was the second best outperformer in terms of indices.
What do you do on boring days for the Nifty? You pick out individual stocks and that is what traders are doing. That is simple; just go out and look for individual stocks and trade in them.
Exports and the rural side of the story are the only positives, says Prabhat Awasthi, Nomura Financial Advisory & Securities. But there is no structural trigger for growth to pick up till the time policy environment revives.
Nirmal Bang is bullish on TCS, while SMC has a buy on JP Associates. Anand Rathi on the other hand recommends buying YES Bank and Apollo Tyres
The Sensex fell 266.73 points or 1.29 percent to close last week at 20,399.42 and the Nifty lost 84.60 points or 1.38 percent to 6,056.15, weighed down by weakness in every sector except auto.
The PIL allege that the cement factory in Kutch has encroached upon village land and is dumping waste in the area. The bench said that any deal between the two companies will be subject to the outcome of the PIL.
Fresenius Kabi | ARSS Infrastructure | Bombay Rayon | Uttam Galva | India Infoline | L&T Finance Holdings | Man Industries | Jet Airways | HPCL | HCL Technologies | Power Grid | Jaiprakash Associates | Ranbaxy Labs | IOC | REC | Bosch and SKS Microfinance are stocks, which are in the news today.
It is not known at what stage regulatory approvals are, or whether the parties have even approached the regulator so far. But competition lawyers feel the CCI is likely to examine the deal to see if there is any appreciable adverse effect on competition.
The rupee is at 63.92 per dollar in late afternoon trade. Agam Gupta of Standard Chartered Bank believes that rupee may appreciate to 61.5 against the dollar if the Fed tapering is on the lighter side.
Telecom stocks are in focus today. The Bombay High Court grants interim relief to Idea Cellular in the Rs 1500 crore tax case and bars I-T department from initiating recovery proceedings for now.
Experts feel the Jaypee-UltraTech could be a one-off rather than the onset of a trend. There are many plants up for sale, but few buyers.
Jaypee group sold its Gujarat cement unit to Ultratech Cement for Rs 3,800 crore. As part of the deal, UltraTech will pay Rs 150 crore in stock, Rs 1,650 crore in cash and assume debt worth Rs 2,000 crore.
The market seems to be taking a breather today after the spectacular rally seen in last few days. After a gap up opening, the Sensex is down 155.33 points or 0.78 percent at 19842.12, and the Nifty is down 40.90 points or 0.69 percent at 5872.25.
Book profit if Nifty surpasses 6000 levels, for now hold long positions, says Hemant Thukral of Aditya Birla Money.
Market is likely to become choppy with a mildly bullish bias, technical analyst, Sudarshan Sukhani, s2analytics.com said.
The Indian rupee opened higher by 19 paise at 63.19 per dollar versus 63.38 Wednesday. The market manages to maintain its uptrend in the opening. The Sensex up 54.60 points or 0.27 percent at 20052.05, and the Nifty is at 5931.15, up 18.00 points or 0.30 percent.
Kumar Mangalam Birla believes it is a good asset, it is well priced, it is a fair value. It fits in with our overall scheme of things strategically.