ICICI Bank Results ICICI Bank, the second-biggest private sector lender, posted a strong performance for the quarter ended March, beating Dalal Street projections by 9% to Rs 7,019 crore. Profit increased by 59 percent year over year, owing to strong net interest income (NII) growth, robust fee revenue, and a substantial drop in provisions. The …
HDFC Bank’s stock gained 10% in early trading on April 4 on the news of a merger with Housing Development Finance Corporation (HDFC) and higher quarterly and annual results. HDFC has authorized a plan to combine HDFC with HDFC Bank and merge wholly-owned subsidiaries HDFC Investments and HDFC Holdings into HDFC. According to HDFC, the …
On Thursday, 17 March 2022, Hong Kong and Japan led a hike in regional shares, joining Wall Street’s rally overnight as estimated risks from China’s falling market and Federal Reserve’s tight monetary policy to the Russia war became less gloomy. Continue reading this blog to know about the Asian markets, world news, stock market today, …
The world of finance is expansive and ever-changing, with a new Union Budget announced every financial year that compels people to rethink their fiscal decisions. This year, the year 2020, is no different. Whether it be accumulating savings or making investments, your personal financial goals and practices are bound to be in need of an …
When you own equity shares, there are two kinds of incomes that are generated. Firstly, there are dividends that are earned by you on a regular basis when the company pays out the dividends. Most profitable companies do pay out dividends to shareholders. The second source of income from equities comes from capital gains. Capital …
What is India Inc? ‘India Inc.’ is popularly used by the Indian media to refer to the formal (governmental or corporate) sector of the nation. The companies listed under India Inc employed around 7 percent of the Indian workforce in 2000 while contributing to 60% of the nominal GDP of India. The Ministry of Company Affairs …
When stock futures were first introduced in India in 2001, they became quite popular as futures were structurally similar to the Badla system on the BSE. However, the regulator has been worried (and rightly so) that losses on futures could multiply if retail investors do not understand the finer points. Why do we see so …
Bond yields, in India and across the world, have been rising sharply in the last few months. In fact, when the monetary policy was announced by the RBI on 3rd April 2018, the bond yields had touched a low of 7.12% have since then rallied by more than 60 basis points to the 7.73% levels. …
The Initial Public Offer (IPO) market has been abuzz over the last 2 years. While IPOs helped raise nearly $2 billion in the fiscal year 2016-17, the fiscal year 2017-18 is likely to see well over $5 billion raised through the IPO markets. When we talk about IPOs we normally use the terms IPO, FPO …
When Rafael Nadal beat Kevin Anderson at the US Open on 11th September 2017, it was the fourth occasion when the Grand Slam (Australian Open, French Open, Wimbledon and US Open) was shared between Federer and Nadal. Previously, the Grand Slam was shared between Nadal and Federer in 2006, 2007 and 2010. What is really …
