The country’s largest private sector lender says its board of directors today approved sale of 9 percent stake in insurance company ICICI Lombard to Fairfax Fin. Transaction values its insurance company at Rs 17,225 crore.
Posts tagged MC
ICICI Bank Q2 profit rises 12%, to sell 9% stake in Lombard (30-10-2015)
Weak H1 on expected lines; see improvement in H2: Praj Ind (30-10-2015)
Ethanol plants major Praj Industries reported a consolidated total income from operations of Rs 203.05 crore and a net profit of Rs 4.75 crore for Q2.
Sensex, Nifty under pressure again; ITC tanks 4% on Q2 nos (30-10-2015)
ITC tanks over 4 percent, followed by Vedanta, MM, GAIL, and ONGC. NTPC is up 5 percent while Hindalco, Tata Steel ,Dr Reddy’s Labs and ICICI Bank are top gainers in the Sensex.
Kotak Mahindra Bank Q2 profit jumps 3-fold to Rs 569.5 cr (30-10-2015)
Other income increased 4 percent to Rs 615.7 crore and operating profit shot up 75 percent to Rs 1,045 crore due to a 21.6 percent fall in operating expenses.
Kotak Mahindra Bank Q2 profit rises 28% to Rs 569.5 cr (30-10-2015)
Consolidated profit shot up 31.2 percent to Rs 942 crore during the quarter compared to Rs 718 crore in year-ago period.
ITC Q2 net flat at Rs 2431cr, cigarette lifts EBITDA margin (30-10-2015)
ITC’s July-September quarter earnings missed analysts’ expectations on Friday with profit flat Rs 2,431 crore and revenue falling over 1 percent to Rs 8,904 crore year-on-year.
ITC Q2 misses forecast, net flat Rs 2431cr, revenue down 1% (30-10-2015)
ITC’s July-September quarter earnings missed analysts’ expectations on Friday with profit flat Rs 2,431 crore and revenue falling over 1 percent to Rs 8,904 crore year-on-year.
Delhi HC upholds discoms’ plea against CAG audit (30-10-2015)
In its draft audit report, CAG had reportedly said that BSES Yamuna, BSES Rajdhani and Tata Power Delhi Distribution Ltd had inflated their previously incurred losses
Maintain 20% FY16 PAT growth guidance: Essel Propack (30-10-2015)
The company undertook a strategic divestment during the quarter under review and the proceeds from the sale were used for debt repayment, which in turn helped in reducing financing cost, says Ashok Goel of Essel Propack
Nifty eyes 8150, Midcap outperforms; ICICI, LT lead (30-10-2015)
The market remained marginally higher in noon trade with the Nifty inching up towards 8150. ICICI Bank and ITC gained more than 1 percent ahead of second quarter earnings while ITC lost nearly 2 percent.