SBILife reports #Q2Results:
👉Total APE up 10% at ₹5,950 Cr Vs ₹5,390 Cr (YoY)
👉Value of new biz up 14% at ₹1,660 Cr Vs ₹1,450 Cr (YoY)
👉VNB margin at 27.9% Vs 26.9% (YoY)
👉New business premium up 27.5% at ₹11,080 Cr Vs ₹8,690 Cr (YoY)
👉Total APE up 10% at ₹5,950 Cr Vs ₹5,390 Cr (YoY)
👉Value of new biz up 14% at ₹1,660 Cr Vs ₹1,450 Cr (YoY)
👉VNB margin at 27.9% Vs 26.9% (YoY)
👉New business premium up 27.5% at ₹11,080 Cr Vs ₹8,690 Cr (YoY)
Market News ( RBI Policy ) ( Market Quarterly Results )
SBILife reports #Q2Results: 👉Total APE up 10% at ₹5,950 Cr Vs ₹5,390 Cr (YoY) 👉Value of new biz up 14% at ₹1,660 Cr Vs ₹1,450 Cr (YoY) 👉VNB margin at 27.9% Vs 26.9% (YoY) 👉New business premium up 27.5% at ₹11,080 Cr Vs ₹8,690 Cr (YoY)
SBI Life Q2 scorecard
#NewsAlert | NTPC: In pact with EIL to develop Coal-to-SNG facility to boost grid stability & clean energy transition
DrReddy's reports #Q2Results:
👉Net Profit up 7.3% at ₹1,347Cr Vs ₹1,256 Cr (YoY)
👉Revenue up 9.8% at ₹8,828 Cr Vs ₹8,038 Cr (YoY)
👉EBITDA down 3.2% at ₹2,010 Cr Vs ₹2,076.8 Cr (YoY)
👉Margin at 22.8% Vs 25.8% (YoY)
👉Net Profit up 7.3% at ₹1,347Cr Vs ₹1,256 Cr (YoY)
👉Revenue up 9.8% at ₹8,828 Cr Vs ₹8,038 Cr (YoY)
👉EBITDA down 3.2% at ₹2,010 Cr Vs ₹2,076.8 Cr (YoY)
👉Margin at 22.8% Vs 25.8% (YoY)
#BharatRasayan board approves 1:1 bonus issue and share split
Market News ( RBI Policy ) ( Market Quarterly Results )
DrReddy's reports #Q2Results: 👉Net Profit up 7.3% at ₹1,347Cr Vs ₹1,256 Cr (YoY) 👉Revenue up 9.8% at ₹8,828 Cr Vs ₹8,038 Cr (YoY) 👉EBITDA down 3.2% at ₹2,010 Cr Vs ₹2,076.8 Cr (YoY) 👉Margin at 22.8% Vs 25.8% (YoY)
Dr. Reddy's Laboratories Q2 Scorecard
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#NewsAlert | RailTel: Bags order worth ₹209.78 crore from Bihar Education Project Council
#NewsAlert | BSE mock trading session scheduled for equity derivatives, electronic gold receipts, currency derivatives segments on Oct 25
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SBICards reports #Q2Results:
👉Net profit up 10% at ₹445 Cr Vs ₹404 Cr (YoY)
👉Revenue up 12.2% at ₹4,960 Cr Vs ₹4,421 Cr (YoY)
👉Gross NPA at 2.85% Vs 3.07% (QoQ)
👉Net NPA at 1.29% Vs 1.42% (QoQ)
👉Net profit up 10% at ₹445 Cr Vs ₹404 Cr (YoY)
👉Revenue up 12.2% at ₹4,960 Cr Vs ₹4,421 Cr (YoY)
👉Gross NPA at 2.85% Vs 3.07% (QoQ)
👉Net NPA at 1.29% Vs 1.42% (QoQ)
#JustIn | RBI issues draft rules on bank's capital market exposures;
▶️Commercial banks should have separate sub-limits for exposures to individual counterparties
▶️Aggregate exposure of commercial banks towards acqusition shall not exceed 10% of its tier 1 capital
▶️Commercial banks should have separate sub-limits for exposures to individual counterparties
▶️Aggregate exposure of commercial banks towards acqusition shall not exceed 10% of its tier 1 capital
#NewsAlert | Vikran gets LoA from Ellume Energy worth ₹354.21 cr for development of 100 MW solar PV project in Maharashtra
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Confident of time-tested, diversified crude strategy, says #Reliance.
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Market News ( RBI Policy ) ( Market Quarterly Results )
#JustIn | RBI issues draft rules on bank's capital market exposures; ▶️Commercial banks should have separate sub-limits for exposures to individual counterparties ▶️Aggregate exposure of commercial banks towards acqusition shall not exceed 10% of its tier…
#JustIn | #RBI announces draft rules for allowing banks to finance acquisitions. Caps acquisition financing at 10% of a banks Tier 1 capital
👉Acquiring company must be listed, have positive Net Worth & be profit-making for the last 3 years
👉Loan must be fully secured by the target company’s shares as primary security
👉Acquiring company must be listed, have positive Net Worth & be profit-making for the last 3 years
👉Loan must be fully secured by the target company’s shares as primary security
#StockInNews | Hindalco entered into a Share Purchase Agreement with EMIL and EMMRL
#StockInNews | eClerx Services: Board approves ₹300 Cr buyback up to ₹4500/share via tender offer
#NewsAlert | IRCON-Finolex J-Power JV bags ₹168.4 cr MSETCL order for 220kV Koradi–Mankapur line project