Posts in category Economic Times
UBS dials back China fund plans on costs, grim outlook (24-04-2024)
The Swiss bank will instead rely on existing joint ventures to expand in China's mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private.
Hitachi Payment unveils ATM that doubles up as cash recycler (24-04-2024)
Most banks offer deposit services at branches, and withdrawals can happen at off-branch locations. With a way to upgrade ATMs to CRMs, banks eliminate the need to replace ATMs. These machines will be UPI-enabled for cash deposit and withdrawal.
ICICI Securities minority investors to challenge delisting (24-04-2024)
The private lender's scheme of arrangement to delist ICICI Securities received approval from the subsidiary's public shareholders in a voting process last month.
ICICI Prudential Life net profit falls 26% in Q4 (24-04-2024)
The value of new business (VNB) declined 26.4% to ₹776 crore versus ₹1,055 crore in the corresponding quarter previous year. The company reported a 17% growth in net premium income to ₹14,788 crore against ₹12,629 crore in Q4FY23.
M&M Finance defers its Q4 results after unearthing Rs 150-crore fraud (24-04-2024)
According to the company, the fraud involved the forgery of KYC (know your customer) documents to embezzle company funds.
TBO Tek, Awfis Space IPOs get Sebi go-ahead (24-04-2024)
Awfis Space, a Delhi-based provider of flexible workspace solutions, will raise ₹160 crore through a fresh issue and an OFS of about one crore shares.
Vi stock surges 12% day after success of Rs 18,000 crore FPO (24-04-2024)
The FPO is expected to be followed by a ₹25,000 crore debt issue, helping achieve Vi's targeted ₹45,000 crore fundraising drive aimed at regaining financial health and bolstering competition with bigger and profitable rivals Reliance Jio and Bharti Airtel.
IIFL Finance starts special audit (24-04-2024)
The embargo was part of RBI's supervisory action over concerns related to certain loan disbursement practices.
Stocks in news: HUL, LTIMindtree, Indian Hotels, Axis Bank, Tata Consumer, Cyient DLM (24-04-2024)
FMCG company Tata Consumer Products reported 19% fall in its consolidated net profit at Rs 216 crore for the quarter ended March 2024.
Pre-market action: Here’s the trade setup for today’s session (24-04-2024)
"Earnings have taken centre stage among investors with some of the key heavyweights announcing their numbers this week. Overall we expect the market to maintain its ongoing positive momentum along with stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.