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Vi wants to defer payment of Q2-Q4 dues

Updated at : 2021-11-12 08:20:01

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Typically, Vodafone Idea pays about ₹2,000 crore in a quarter cumulatively toward the two charges, though the amount fluctuates depending on the AGR for that quarter.

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India’s booming stock market is drawing both local novices and global investors to shares of the financial, industrial and technology companies that dominate its listings.

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Pension funds at several entities, including Punjab National Bank (PNB) and Food Corporation of India, face the risk of losses on their respective exposures to about ₹4,800 crore of bonds issued by two companies of the Kolkata-based distressed financier Srei Group, which are now undergoing a central bank-monitored insolvency process.

ONGC, Grasim, Coal India, Hindalco, Motherson Sumi, Apollo Hospitals , Hero MotoCorp, Ashok Leyland, Abott, Alkem Labs and Voldafone Idea are among the companies that will announce their September quarter results today.

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There are also data privacy concerns since these foreign nationals would have to provide their personal documents as a part of the Know Your Customer (KYC) requirements.

Suryoday Small Finance Bank slips into the red in Q2

Updated at : 2021-11-12 07:20:01

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Its operating profit rose 62% at Rs 82.8 crore against Rs 51.1 crore over the same period. Its net interest income at 147 crore reflects a 34% rise, primarily on account of rise in gross advances over the period and lower cost of funds, the bank said in a regulatory filing to stock exchanges.

Total sales stood at Rs 91 crore on the back of 76,897 sq ft area sold during the quarter, while the collection rose 26% from a year ago to Rs 108 crore.

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Total income in the quarter under review rose to Rs 267.86 crore, from Rs 212.78 crore in the year-ago period.

The non-banking finance company incurred an exceptional cost of Rs 153 crore, which is primarily on account of DHFL. Without this, the net profit fell only 8 percent.

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Tata Steel’s revenue from operations, at Rs 60,282 crore, climbed 55 per cent. The consolidated expenses during the quarter went up 27 per cent YoY to Rs 47,135 crore. Its overall deliveries increased 11 per centQoQ to 4.58 mn tons.

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