[vc_row][vc_column][vc_column_text] Stocks in the News (26 Aug): SBI – Ratingagency Moody’s has downgraded State Bank of India’s (SBI’s) baseline creditassessment (BCA) from “ba1” to “ba2” as the economic shock from the Covid-19pandemic may aggravate the weakening borrowers’ credit profiles and it seesSBI’s asset quality and profitability deteriorating. Tata ConsultancyServices – S&P Global Ratings said TCS …
[vc_row][vc_column][vc_column_text] Stocks in the News (25 Aug): Wipro –The softwarefirm announced a partnership with Standard Initial Margin Model (SIMM) vendor,Quaternion Risk Management to offer SIMM-in-a-box to financial institutionscovered under Uncleared Margin Rules (UMR). Axis Bank proposedto acquire 17% stake in Max Life, resulting in total ownership of 18% post thetransaction. NOCIL reported ConsolidatedQ1FY21 PAT at …
[vc_row][vc_column][vc_column_text] Market Ahead (14 Aug): Key Factors ThatCould Guide The Market This Week – Indianbenchmark indices opened higher amid positive trend seen in the Asian markets. Thisweek the last lag of June quarter earnings will be on focus for investors as over300 companies including companies such as NMDC, LIC Housing Finance, and AvantiFeeds are scheduled …
Market Ahead (14 Aug) Key Factors That Could Guide The Market This Week – Read More »
Stocks in the News (21 Aug): Indian Overseas Bank (IOB) reported a net profit of Rs 121 crore for June quarter 2020 against a net loss of Rs 342.08 crore for the same quarter a year ago, primarily on fall of bad loans. NII at Rs 1,412.32 crore versus Rs 1,288.46 crore YoY. Bharti Infratel …
[vc_row][vc_column][vc_column_text] Stocks in the News (20 Aug): L&T FinanceHoldings – The Company Board has approved raising up to Rs 200 crore vianon-convertible debentures (NCD). Zee Learn thecompany’s Managing Director Ajey Kumar resigned from the post. Gillette India -LICincreased stake in the company to 5.025% from 4.973% earlier. Birlasoft -PromotersHemlata Shende & PACs sold 40,000 shares …
[vc_row][vc_column][vc_column_text] Stocks in the News (19 Aug): RIL – Announced onTuesday the acquisition of a majority equity stake in Chennai-based onlinepharmacy delivery startup Netmeds (Vitalic Health Pvt. Ltd) for a cashconsideration of approximately Rs 620 crore. The acquisition gives RIL’s retailunit Reliance Retail entry into a vertical e-commerce space, one of the fewthat has soared …
[vc_row][vc_column][vc_column_text] Stocks in the News (18 Aug): HDFC Bank – TheHDFC Bank’s ADRs, listed on the NYSE, fell by 2.83% following the news that US-basedRosen Law Firm plans to investigate potential securities claims against thebank following allegations of sharing “materially misleading businessinformation” with investors. HDFC Bank said it was not aware of anylawsuit and prima …
