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​Also, I think once the merger goes through, this concern on are we getting shrink and NIM compression, high LDR which is almost at 110% at the time of merger, I think gradually will get addressed.

The quarterly results, particularly the Q4 results were very-very decent results, much better than anybody would have expected.

Option data suggests a shift trading range in between 19400 to 20000 zones while an immediate trading range in between 19550 to 19900 zones.

The IT pack, it has always been our belief that IT is a long term story that is going to play itself out and you are going to have these cyclical slowdowns in the middle just as what we are seeing today. Now having said that the kind of connection that a lot of these IT packs saw over the last six months has actually made them very attractive from a valuation perspective.

Sheela Foam, which owns the popular “Sleepwell” brand, announced that it will acquire a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore.

​So even in this quarter or the next, so it will probably be the December quarter that will tell us most of the differences. One has just hold on I guess, if you are thinking longer term. Otherwise, I think a lot of other players are doing really well in the market. IT is not the only game in town.

Two of the three Libyan oilfields shut on Thursday, the Sharara and El Feel oilfields with a total production capacity of 370,000 barrels per day (bpd), resumed on Saturday evening, four oil engineers and oil ministry said.

The reluctance to park funds for long comes despite a sharp increase in surplus liquidity over the past couple of weeks following government expenditure. On an average, the RBI has absorbed surplus funds worth ₹1.87 trillion rupees from banks this month. Tellingly, the rate of interest offered to banks by the SDF is sharply lower than what lenders would have earned by parking funds at the VRRR auctions. This reflects the continuing uncertainty amongst lenders about the liquidity outlook.

Himachal Pradesh is the worst affected by cloudbursts and floods over the past few days. The Indian Meteorological Department (IMD) has issued fresh warnings of heavy rainfall expected until July 18, further exacerbating the situation. According to data released by the Department of Revenue in the Himachal Pradesh government, the estimated cost of the damage has soared to over Rs 3,738.28 crore.

​​The market value of HDFC Bank is now more than that of Bank of China and Royal Bank of Canada. The merged entity was listed on Monday following the allotment of HDFC Bank shares to the shareholders of HDFC.