Latest Stock Market News

Barring the Middle East, Africa, Australia and Southeast Asia where countries were affected by COVID-19 lockdowns, other geographies registered satisfactory sales and market share growth, a company release said here.

Kalpataru Power Transmissions Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 5211.82 Crore) operating in Power sector.

Insurance is a business of scale, and there is no company to match the scale of LIC, Santosh Meena, Head of Research, Swastika Investmart, said ​​suggesting investors not be bothered about the negative listing and stay with the company for the long term.​

The expansion in SIP AUM was led by continued buoyancy in the SIP monthly inflow. It remained more than Rs 10,000 crore for the eight-month row taking the total cumulative inflow in the past 12 months to Rs 1.3 lakh crore.

Almost 59 percent of inflation since February is due to war related factors, according to a study by SBI economists. But there are concerns amidst this backdrop about whether rate hikes by the central bank will be useful in taming inflation forcing the central bank to go for more aggressive rate hikes during the year.

Our target is to bring down gross non-performing assets ratio 6 per cent from 8.51 per cent seen at the end of March. Net NPA projection is 2 per cent from 2.65 per cent, Prabhakar said.

Started by industry experts R Karthik and Anurag Singhvi, Xanadu has helped realty developers in comprehensive turnaround of their real estate portfolio. It has developed and executed end to end strategy for product, design, marketing, and sales for developers.

The bank is also looking to aggressively grow its co-lending book. It has already onboarded four NBFCs for co-lending to MSMEs which include UGro Capital, Adani Capital and Electronica.

The consortium of investors participating along with Multiples include institutional investors such as the investment arm of Times Group, QRG Invest (Havells Family Office), and high networth individuals Nishant Agarwal of Avighna Group, and Mallika Srinivasan of TAFE.

The NCLT had questioned the financial health of the Cayman Islands-based Almas Global Opportunity Fund SPC (AGOF), majority stakeholder in Star9 Mobility Pvt Ltd, the winning bidder for Pawan Hans.