Posts in category Business Standard
CII-IGBC expects surge in private capex, FDI after Lok Sabha polls (28-04-2024)
It says top priority for new govt should be to strike balance between economic growth and environmental sustainability
FPIs dump Indian equities worth Rs 6,300 cr in Apr as US bond yields rise (28-04-2024)
Foreign investors pulled out domestic equities worth Rs 6,300 crore in April on concerns over tweaks in India's tax treaty with Mauritius and sustained rise in US bond yields.
This came following a whopping net investment of Rs 35,098 crore in March and Rs 1,539 crore in February, data with the depositories showed.
Foreign Portfolio Investors (FPIs) made a net outflow of Rs 6,304 crore in Indian equities this month (till April 26), the data showed.
"The trigger for this renewed FPI selling, in both equity and debt, is sustained rise in US bond yields. The 10-year bond yield now stands at around 4.7 per cent, which is hugely attractive for foreign investors," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
While the tweak in India's tax treaty with Mauritius on investments made in India via the island nation continues to bother foreign investors, weak cues from the global markets with uncertain macro and interest rate outlook didn't augur well for ...
Mcap of 6 most valued firms rise Rs 1.30 trn; SBI, ICICI Bank top gainers (28-04-2024)
The combined market valuation of six of the top-10 most valued firms increased Rs 1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities.
Last week, the BSE benchmark advanced 641.83 points or 0.87 per cent.
The valuation of the State Bank of India rallied Rs 45,158.54 crore to Rs 7,15,218.40 crore.
ICICI Bank's market valuation rose Rs 28,726.33 crore to Rs 7,77,750.22 crore.
Bharti Airtel added Rs 20,747.99 crore to Rs 7,51,406.35 crore, and that of ITC jumped Rs 18,914.35 crore to Rs 5,49,265.32 crore.
The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) advanced by Rs 9,487.5 crore to Rs 6,24,941.40 crore, and that of Infosys went up by Rs 7,699.86 crore to Rs 5,93,636.31 crore.
However, the mcap of Reliance Industries declined by Rs 26,115.56 crore to Rs 19,64,079.96 crore.
The valuation of HDFC Bank dipped by Rs 16,371.34 crore to Rs 11,46,943.59 crore.
ICICI Bank consolidated net profit rises 18.46% in the March 2024 quarter (27-04-2024)
Total Operating Income rise 23.72% to Rs 42606.72 crore
IDFC First Bank consolidated net profit declines 10.32% in the March 2024 quarter (27-04-2024)
Total Operating Income rise 27.96% to Rs 8220.48 crore
Sportking India standalone net profit declines 25.92% in the March 2024 quarter (27-04-2024)
Sales rise 14.52% to Rs 611.18 crore
ICICI Bank Q3 PAT climbs 17% YoY to Rs 10,708 cr (27-04-2024)
ICICI Bank reported 17.38% increase in net profit to Rs 10,707.53 crore on a 20.74% rise in total income to Rs 43,597.14 crore in Q4 FY24 as compared with Q4 FY23.
RBL Bank Q4 PAT rises 30% YoY to Rs 353 cr (27-04-2024)
The private lender's standalone net profit jumped 30.1% to Rs 352.64 crore on 27.08% jump in total income to Rs 4,214.56 crore in Q4 FY24 over Q4 FY23.
SBFC Finance standalone net profit rises 71.73% in the March 2024 quarter (27-04-2024)
Sales rise 34.76% to Rs 272.02 crore
Yes Bank Q4 PAT soars 123% YoY to Rs 452 cr (27-04-2024)
The private lender's standalone net profit zoomed 123.23% to Rs 451.89 crore in Q4 FY24 as against RS 202.43 crore reported in Q4 FY23.