State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India. The Reserve Bank on Wednesday came out with the list of D-SIBs.
AWFIS has bullish long-term growth prospects. TP ₹1013 (33%) (13-11-2024)
AWFIS has bullish long-term growth prospects: i) favourable demand-supply gap, ii) strong inventory additions, iii) improving occupancy, iv) capital-light growth, v) robust Balance Sheet. Management has ability to deliver profitable growth. TP ₹1013 (33%)
AWFIS has bullish long-term growth prospects. TP ₹1013 (33%)
High inflation, FII exodus drag markets down (13-11-2024)
From the 30-share Sensex pack, Mahindra and Mahindra, Tata Steel, Adani Ports, JSW Steel, IndusInd Bank, Reliance Industries, HDFC Bank and Kotak Mahindra Bank were the biggest laggards. Tata Motors, NTPC, Hindustan Unilever, Asian Paints and Infosys were the gainers.
Upper-teens EPS growth likely for Gland Pharma (13-11-2024)
Gland Pharma beat muted expectations for Q2FY25. There was increased Ebitda (Earnings before interest, taxes, depreciation and amortisation) loss at Cenexi, the CRAM subsidiary. However, overall Ebitda margin was better than expectations at 21.1 per cent. But given two years of earnings decline in FY23 and FY24, the business may have bottomed and upper-teens EPS (earnings per share) growth looks possible over next two financial years.
Jio IPO may be pegged at over $6 bn; listing in 2025 (13-11-2024)
Reliance Jio, the telecom business of the Mukesh Ambani-promoted conglomerate, is expected to go for an initial public offering (IPO) of over $6.25 billion either in the second or the third quarter of the calendar year 2025, sources said. Reliance Retail is likely to be listed around the same time with a short gap, it is learnt. The timing of the two IPOs, however, will depend on the company’s assessment of the market conditions among other factors.
Festive demand helps PV wholesales rise marginally (13-11-2024)
Aided by festive demand, domestic passenger vehicle wholesales rose marginally year-on-year to 3,93,238 units in October, industry body SIAM said on Wednesday. The overall passenger vehicle dispatches by companies to dealers stood at 3,89,714 units in October last year. Total two-wheeler sales rose 14 per cent year-on-year to 21,64,276 units last month, as compared to 18,95,799 units in October 2023, the Society of Indian Automobile Manufacturers (SIAM) said in a statement.
PSBs clocked 11% growth in H1FY25 (13-11-2024)
The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to touch Rs 236 trillion. The operating and net profit were also robust. At Rs 1.5 trillion, operating profit grew by 14.4 per cent year-on-year (Y-o-Y) while the net profit saw an impressive 25.6 per cent jump at Rs 85,520 crore in the first half of FY25.
Now expiry timelines for food items sold on ecom, qcom (13-11-2024)
The Food Safety and Standards Authority of India (FSSAI) on Tuesday asked e-commerce and quick-commerce food operators to ensure a minimum shelf life of 30 per cent or at least 45 days before products expire at the time of delivery. The order follows rising concerns over violations of food safety standards in quick-commerce and e-commerce.
Elon Musk is in favour of Solar power & may influence Trumps’ views (13-11-2024)
Elon Musk is in favour of Solar power & says it will replace natural gas and coal & be the vast majority of power generation in the future (In Australia, 80.5% is generated by Solar). As he is Trump's confidant, his views may influence Trumps' & provide breather for Solar stocks
![[IMG]](https://pbs.twimg.com/media/GcO2KyTbQAAgiIC?format=jpg&name=small)
Ashish Kacholia has invested ₹19 Cr in 1.87% of Bharat Parenterals (13-11-2024)
Ashish Kacholia has invested ₹19 Cr in 1.87% of Bharat Parenterals. M-Cap is ₹950 Cr. Promoters hold 67%. Co manufactures specialty drugs & formulations. Market size is $1.9 Tn by 2027. Co is poised to achieve rapid revenue growth & margin expansion over the next few years
![[IMG]](https://pbs.twimg.com/media/GcOxzPna0AAKnKZ?format=png&name=small)