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“The IT stocks reacted positively marginally although I think it is more to do with the sentiments across the entire space where FIIs are clearly staying away from these names and we will have to wait and watch when and how the domestics can start buying into these names. But clearly the space looks attractive. ”

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Godrej Consumer Products Ltd. key Products/Revenue Segments include Home Care, Personal Care, Hair Care, Other Operating Revenue for the year ending 31-Mar-2022.

Starting seven years ago as a bank, Bandhan has 5600 branches, 70 per cent of which are in the rural and semi-urban areas of the country. Mainly concentrated in the east, the bank plans to diversify its presence to other areas in a big way.

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Retail vendors that ET spoke to also said that the team will be deploying new shop banners and point of sale elements like standees will also slowly be replaced with the new colour scheme and brand messaging. Planners peg media spending by telcos at around Rs 400 crore this festive quarter, led by Airtel. A brand refresh exercise would entail significant investments in media properties since the brand would want the new look and packaging to gain recognition among the consumers.

"Earlier, suppose the US treasury spent too much and inflation and growth rose. By increasing interest rates, you could bring them back to normal. But when there’s a war, supply shocks and climate impacts, you face raised prices, lowered growth — and no magic bullet. We’re looking at a sharp turning point in the global economy now."

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After lenders restarted the sale process of Srei Equipment Finance and Srei Infrastructure Finance, administrator Rajnish Sharma had set a deadline of October 15 for accepting resolution plans.

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ARCL has offered ₹100 crore to acquire ₹1,241 crore principal outstanding debt of the engineering procurement and construction (EPC) company undergoing insolvency proceedings. Based on the NARCL anchor offer, lenders have invited expressions of interest by October 15 and scheduled e-bidding on October 31.

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The Tata Group, which has had a significant business presence in the UK for several years, has been vocal about the need for support from the government to be viable.

Shriram Group likely to submit EoI for IDBI Bank

Updated at : 2022-10-14 08:35:01

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While talks to form a consortium with financial investors are also underway, Shriram has not reached a mutually acceptable commercial arrangement with investors that may want to join its consortium. If a consortium is formed, the non-bank lender will be the lead member.

Angel One Q2 net up 59%, client count 77%

Updated at : 2022-10-14 08:35:01

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Angel One has reported a 31% year-on-year increase in revenues at 750 crore for the quarter ended September, while its profit jumped 59% to 213.56 crore during the period, reports Our Bureau. The broking firm saw a 77.4% YoY increase in its client base to 11.6 million at the end of September. The company has announced a second interim dividend of 9 per share.

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