YES Bank shares surge 58%
YES Bank ended the trading session 58% higher at ₹58.65 per share on Tuesday. The stock has gained over 150% in three trading sessions.
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Market bleeds 2,700 points; SBI Cards listing bombs
The S&P BSE Sensex crashed over 2,700 points as the global selloff intensified. SBI Cards suffered a big blow and its shares listed at a discount of 13% amid widespread panic on Dalal Street.
Turbulence for NBFCs is far from over
India Ratings maintains a ‘negative’ outlook on the NBFC sector for FY21 in view of slower balance sheet growth, elevated slippages, and low-profit visibility.
Maruti Suzuki’s Q3 profit rises 5%
India’s largest carmaker posted a net profit of ₹1,565 crore and revenue of ₹20,707 crore in the December quarter.
ICICI Bank Q3 net surges to ₹4,146 crore
India’s top private sector lender reported a 158% year-on-year increase in profits, aided by a one-time gain from the Essar Steel resolution.
YES Bank shares tumble after Moody’s downgrade
Trouble hit the private lender once again after ratings agency Moody’s cut the bank’s credit rating and assigned a negative outlook to the company. YES Bank shares dived 10% on the BSE on Friday .
Maruti Suzuki to recall over 60,000 cars
The carmaker said it will inspect the vehicles for a possible issue with the motor generator unit.
98-year-old CSB Bank’s ride to D-Street
The Kerala-based lender’s ₹410-crore IPO opened for subscription on Friday; analysts are betting on a new promoter and strong management for a turnaround from the bank’s dismal performance.
‘Foreign investors more positive on India now’
Mark Matthews, head of research (Asia) at Julius Baer, says there are no signs of a pickup in the Indian economy yet, but a ‘trickle through’ is likely in a quarter or so.
M&M’s PAT falls 26% in June quarter
The company’s PAT fell to ₹918 crore from ₹1,238 crore a year ago due to falling sales and low margins, but including exceptional gains, the figure stands at ₹2,260 crore.
