The Government has decided to infuse capital of Rs. 15,000 crores to support the public sector banks for FY 2022. State-owned banks like the Central Bank of India, Punjab and Sind bank are supposed to get this lion’s share through zero-coupon bonds. This will support and enable these weak banks to meet the regulatory requirements. …
On February 26, government sources reported that the Union Cabinet has authorized foreign direct investment in the Life Insurance Corporation of India via the automatic method. They said that up to 20% FDI would now be allowed via the automatic route in LIC and that the present FDI policy has been “simplified and strengthened.” Notably, …
The all-new T+1 settlement rule is set to roll out from 25 February 2022 in a proper phased manner. It will be introduced in both the Bombay Stock Exchange and the National Stock Exchange and will begin with the bottom 100 stocks ranked according to their market capitalization in descending order. Earlier, SEBI cut down …
FMCG sector has become the casualty of the Central bank’s decision to ignore inflation in its latest Monetary Policy Review. The inflation rates of retail in India breached the upper tolerance levels set during the tenure of Raghuram Rajan, the former RBI Governor. The stats reflect a seven-month high rate of 6.01% in January 2022. …
The stock price of Nestlé India went down by 3% in the early trade of 18 February 2022, after the FMCG giant released its 4th quarter earnings for the fiscal year of 2022. It reported a 19.99% year-on-year reduction in revenue in the net profit of this October to December quarter. For this quarter, Nestlé …
The chairman of the LIC stated on Monday that the insurer may not sell its full interest in IDBI Bank and that it may offer its insurance services via its huge network of branches. A balance sheet risk is its controlling interest in IDBI Bank, which it saved in 2019. IDBI Bank, which had assets …
On Tuesday, 15 February 2022, SpiceJet Ltd. reported a net profit of Rs. 23.28 crores in Q3 FY 22 ended on 31 December 2021 ─ marking a stellar improvement from a loss of Rs. 56.96 crores in Q3 FY 21. Keep scrolling to get the details! Know About SpiceJet’s Revenue! With the addition of newer …
On 18 February 2022, the shares of IVP Limited touched their upper price band for the third straight day. The shares opened at Rs. 192 apiece and would touch a three-year high of Rs. 201.85 on the BSE, its highest level since August 2018. IVP Limited is engaged in producing various chemicals supplying to the …
Archean Chemical Industries Ltd has been granted approval by the Securities Exchange Board of India to raise funds via an initial public offering. The IPO consists of a fresh issue for Rs 1,000 crore and a 19.07 million share offer for existing shareholders and promoters to sell. Chemikas Speciality LLP would hold up to 5.30 …
Despite the effects of the Omicron variant and high base effect, India Inc., the country’s formal sector, has delivered a healthy quarterly performance for Q3 FY 22. The combined profits of 3191 companies listed on India’s stock exchanges have increased 26.9% YoY (year-on-year) from the same quarter in FY 21. However, earnings growth in Q3 …
