BUSINESS
MC Interview: Banks' appetite for bonds keeps markets concerned, says India Ratings' Soumyajit Niyogi
In case tightening of monetary conditions in advanced economies gains more traction, adopting calibrated reactions by developing economies will be difficult
BUSINESS
Why is the mood swinging so much on markets? Here's a look at the factors driving volatility
In the morning trade both Sensex and Nifty fell around 1% before rebounding. Now the indices have declined around 0.4%.
BUSINESS
Business resumption recovers from Omicron woes, finds Nomura study
The Nomura India Business Resumption Index recovered nearly 11.5pp to 113.20 for the week ended February 6 versus 104.80 in the previous week, the Japanese financial holding company said
BUSINESS
Bank of Baroda Q3 results | Net profit rises 107% on sharp fall in provisions
Provisions and contingencies fell 27.33 percent from a year ago to Rs 2507.04 crore.
BUSINESS
Godrej Properties Q3 profit jumps over 170% to Rs 39 crore
Revenue from operations jumped 63% to Rs 278.76 crore in the October-December period from Rs 170.49 crore a year ago.
INTERVIEW
BofA Securities India research head expects private capex to pick up significantly from FY24
"Whenever the government has opened up monopolies for private capital expenditure, large private capex has followed in subsequent years but with some lag."
BUSINESS
Jubilant FoodWorks profit up 7.5% in December quarter
Revenue from operations grew 13.2%, total expenditure rose 13.07%, Ebitda margin improved 24 basis points to 26.6%
EARNINGS
MC Interview: DBS Bank senior economist Radhika Rao on why yields shot up on Budget day
"Ahead of the monetary policy review, 10 year yields are up sharply, building on a 30 basis point rise on a year to date basis, fuelled by strong gains in US yields, rally in oil prices, upcoming policy normalisation and anticipation of a higher borrowing programme."
EARNINGS
MC Interview | Budget has no negative surprises, says Dr VK Vijayakumar of Geojit Financial Services
"Equities have been in a brief pre-budget rally supported by renewed strength in the mother market US. This positive sentiment continued on the budget day also."
MARKETS
Budget 2022 | 10 year bond yield surges 20 basis points as Centre misses fiscal deficit target
The 10-year bond yield rose to 6.85% from its previous close of 6.67%. Bond yield and prices move in opposite directions.
BUSINESS
FIIs sell equities for fourth straight month, biggest losing streak in five years
However, Vijaykumar expects a post-Budget rally triggered by some positive proposals can turn the market around prompting FPIs to turn buyers.
BUSINESS
Vedanta Q3 Results | Profit grows 26.75% to Rs 5,354 crore, revenue up nearly 50%
The performance was driven Aluminium and Zinc-India businesses owing to higher LME prices and production ramp-up
BUSINESS
Vedant Fashions sets price band of Rs 824-866 a share for its IPO
Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, has fixed its price band at Rs 824-866 a share for its initial public offering (IPO). The firm earlier said that its IPO will open on February 4 and close on February 8.
BUSINESS
Boat owner seeks SEBI approval for Rs 2,000-crore IPO
The IPO will consist of a fresh issue of Rs 900 crore and offer for sale of Rs 1100 crore by its promoters and shareholders
IPO
AIF, Credit Suisse, Integrated Core Strategies, Societe Generale sell substantial shares in SJS Enterprises
Alternate Investment Funds, Credit Suisse Singapore, Integrated Core Strategies Asia Pte and Societe Generale name are missing in SJS Enterprises' latest December quarter shareholding data.
BUSINESS
Crash in new-age tech IPO stocks sours sentiment in unlisted market
Dealers point to sharp decline in trade volumes and investor interest to buy shares of companies that are on the verge of bringing out their IPO
BUSINESS
Sensex, Nifty stage sharp recovery led by metals, telecom, power, financials and pharma
After slumping 1028 points to 56,404, the Sensex was trading at 57,506 at 9.30 am up 15 points or 0.03 per cent.
BUSINESS
Third wave drags business resumption back to pre-pandemic levels; growth focus a must
Nomura India Business Resumption Index fell to 100.50 for the week ended January 23 versus 102.20 in the previous week
BUSINESS
Manyavar owner Vedant Fashions IPO to open on Feb 4; closes on Feb 8
The company got SEBI nod on January 18 to float the IPO, and filed a red herring prospectus with ROC on January 22. The firm plans to list on exchanges on February 16.
BUSINESS
Market nosedives for fifth straight session, investors lose over Rs 17.5 trillion: 5 reasons why
Since January 17, the Sensex has tanked 3,300 points and the Nifty 1,100 points, down 5.4 percent each
MARKETS
Why shares of CarTrade Tech are falling?
The stock traded at a fresh low of Rs 772.50 on the BSE, down 4.7% from its previous close.
EARNINGS
ICICI Bank reports 25% rise in Q3 profit, exceeds estimates
Net interest income (NII), or the core income a bank earns by giving loans, was up 23.44% to Rs 12,236.04 crore from Rs 9,912.46 crore last year.
BUSINESS
Yes Bank posts 77% rise in December quarter profit on lower provisions, higher recoveries
Net interest income, a measure of how much money the bank makes from lending, was down 31% and other income declined 32% year on year
IPO
Morgan Stanley reduces stake in Paytm substantially
Morgan Stanley’s name is missing from the key shareholders' list, as per data. However, it is not clear whether the brokerage firm has sold its entire stake in Paytm or its ownership has come down to less than one percent.
