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The project comprises the construction of a 10.559 km elevated viaduct and 11 stations from Bheshan Dead End to Majura Gate station.

Bank of Maharashtra climbs 5% on Q2 business update

Updated at : 2022-10-05 04:55:03

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CASA deposits at the bank also grew to Rs 1,10,205 crore in the September quarter as against Rs 97,889 crore in the same quarter a year ago.

Fall in bond yields, recovery in equity markets and signals of waning inflation sent the crypto markets higher. However, the tokens did not go soaring as fears over the worst are not yet over.The volumes of Bitcoin traded surged about 30 per cent as the worst $31.7 billion exchanged hands in the last 24 hours, the data suggested. The total market cap of Bitcoin was hovering around the $390 billion mark.

Healthy economic activity, a pick-up in credit growth and improvement in asset quality are the key drivers of the run-up in banking stocks.For the September quarter, private sector lender HDFC Bank reported a strong 24 per cent loan growth, with domestic retail loans rising nearly 22 per cent on year.

HDFC twins rally up to 3% on Q2 business update

Updated at : 2022-10-05 04:55:03

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During the quarter ended September 30, 2022, the corporation assigned loans amounting to Rs 9,145 crore compared to Rs 7,132 crore in the corresponding quarter of the previous year,” HDFC said in a BSE filing.“Individual loans sold in the preceding 12 months amounted to Rs 34,513 crore. Gross income from the dividend for the quarter ended September 30, 2022, was Rs 1,360 crore,” It said.

“Reliance is a stock which should be there in the portfolio because oil and gas will continue to generate heaps of cash and the other two businesses which are Jio and Retail will continue to grow on a QoQ basis. So it is a combination of steady cash flows plus a secular growth from the two B2C businesses and we continue to like the stock.”

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The falling oil prices and months of severe volatility have spooked the market, with major consumer countries still tapping strategic stocks to cool prices while top exporters in the OPEC+ alliance may take the opposite view and boost output this week.

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In the second fund launched in 2018, it invested Rs 10,500 crore and realised cash of more than Rs 9,500 crore from the portfolio companies, it said.Under the latest fund, it is targeting to raise USD 1 billion with a greenshoe option of USD 500 million, the statement said.

“China’s weight in the MSCI emerging market has come down by 8%. India’s weight in comparison has gone up by about 7%. All the planets are aligning for India. Growth domestically is strong. Technically we are positioned very well for this market to have tailwinds and it looks like India’s time has really come, this is cliché but it looks like the cliché is coming true now. ”

Highlighting the company’s 2QFY23 pre-quarterly update, the brokerage said demand sentiments during the September-ended quarter were similar to the previous quarter, with signs of positivity in the last month. While the rural segment remained a drag, there was healthy momentum in Urban, and Premium Discretionary continued.

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