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​Non-interest income growth also was healthy led by fees from retail, business banking and SME customers. Fee income grew by 21% year-on-year to Rs 3,811 crore from Rs 3,139 crore (US$ 423 million) a year ago. ​Treasury income fell to Rs 397 crore from Rs 542 crore a year earlier and included a gain of Rs 305 crore from sale of shares of ICICI Securities.

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The $1.01 billion notes due 2026 would ultimately be used by CA Magnum to help finance the purchase of a 95.4% stake in Indian IT company Hexaware.

The bank in a filing to BSE said its provisions (excluding provision for tax) declined 9 per cent YoY to Rs 2,714 crore from Rs 2,995 crore YoY. Gross non-performing assets (NPAs) as percentage of gross advances fell to 4.82 per cent from 5.15 per cent in June quarter and 5.17 per cent in the same quarter last year.

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Minda Industries on Saturday said the investment committee of its board has given its go-ahead to second tranche of stake purchase in Strongsun Renewables Pvt Ltd. The committee approved the acquisition of 3,07,850 equity shares of the face value of Rs 10 each at a premium of Rs 70 i.e. Rs 80 per share of Strongsun Renewables Private Ltd, aggregating to Rs 2,46,28,000, according to a BSE filing.

Tata Elxsi Q2 profit up 59% to Rs 125 cr

Updated at : 2021-10-23 16:20:01

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Revenue from operations rose to Rs 595.3 crore in the quarter under review from Rs 430.1 crore in the corresponding period last fiscal, it added.

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The most important prerequisites for investment success are judgement and fortitude, according to legendary investor John B. Neff, and investors do not require the help of glamour stocks or bull markets to attain their investment goals.

Mandar Jamsandekar's 2 stock picks for this week

Updated at : 2021-10-23 16:20:01

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In the last 10 months RVNL was trading range bound between levels of Rs 26 which was the support and Rs 35 which was the resistance. Now this week the stock has managed to break past this resistance and this tells us that a fresh move is now going to start. Traders can buy this stock with a stop loss at Rs 36 for an upside target of Rs 52.

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While supply-chain and labor-market snarls have been tormenting investors for much of the year and are far from solved, they remain -- for now -- the tolerable downside of trends that investors are happy to celebrate: robust demand in a reopening economy. Throw in an earnings season showing that damage to profit margins remains light, and it explains why shares are up 5% in October, a month skeptics had circled as a tough one.

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Bitcoin’s surge has tapered off after hitting a record high on Wednesday, but some strategists see the next rally taking it to as high as $100,000 by the year’s end. This week’s move to near $67,000 has traders watching to see how the landscape shifts, now that the first U.S. Bitcoin futures exchange-traded funds are in play.

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Equities are highly regulated, so it’s been relatively easy to mandate protections. But in the libertarian-leaning world of crypto, the ethos is closer to: if you mess up, that’s your problem. For anyone who sold Bitcoin at $8,200 in this week’s crash, them’s the breaks. For the people they sold to, it was the deal of the year.

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