Month

December 2022

Showing 7 Result(s)
上海后花园论坛

HDFC Bank Q1 result preview: Expect robust profits, business growth to continue; eyes on merger update

on

HDFC Bank, India’s largest private sector lender, is expected to report strong on-year growth in net profit and net interest income, when it announces April-June quarterly results tomorrow (Saturday). Analysts also expect HDFC Bank provisions to fall along with NPAs (non-performing assets). Investors will also keenly wait for management comments on HDFC Bank’s impending merger with Housing Development Finance Corporation, which was announced earlier. The merger has received a green light from the stock exchanges and the Reserve Bank of India. HDFC Bank’s stock price is down 11% so far this year to now trade at Rs 1,353 per share. …

夜上海论坛

BSE’s Ashishkumar Chauhan to be next NSE MD, CEO; SEBI gives go-ahead

on

BSE Ltd’s Managing Director and Chief Executive Officer Ashishkumar Chauhan is tipped to be the next CEO of the bigger rival National Stock Exchange, after markets regulator SEBI cleared his name per latest reports. According to PTI, the Securities and Exchange Board of India has cleared Ashishkumar Chauhan’s name for the top job at NSE. It should be noted that, Chauhan’s current tenure as BSE CEO would end in November this year. This would be his second stint at the NSE, which he had helped in founding back in 1990s. Buzz is that the BSE has already started the hunt …

夜上海论坛

Despite high cane dues, sugarcane sowing up 4% in UP

on

Uttar Pradesh, the country’s largest sugarcane producer, is expected to see another bumper crop in the coming season. The total area under sugarcane cultivation is estimated to be up by 3-4% year-on-year. According to industry sources, there is a continuous uptick in sugarcane planting for the 2022-23 (October-September) season, with higher cane prices providing the incentive for farmers to grow the crop instead of paddy and wheat. As per data, the state is estimated to have upward of 2.93 million hectare of land under sugarcane cultivation in 2022-23, against 2.84 million hectare in 2021-2022 season. The total area under cane …

上海龙凤419

Wall Street Week Ahead: Recession fears loom over US value stocks

on

Fears of a potential economic slowdown are clouding the outlook for value stocks, which have outperformed broader indexes this year in the face of surging inflation and rising interest rates. Value stocks – commonly defined as those trading at a discount on metrics such as book value or price-to-earnings – have typically underperformed their growth counterparts over the past decade, when the S&P 500’s gains were driven by tech-focused giants such as Amazon.com Inc and Apple Inc. This month, however, fears that the Fed’s monetary policy tightening could bring on a U.S. recession have shifted the momentum away from value …

阿拉爱上海

SEBI files FIR in cyber security incident, no sensitive data lost

on

Capital markets regulator Sebi on Saturday said it has lodged a complaint against a cyber security incident noticed on its e-mail system but maintained that no sensitive data was lost. Recently, a cyber security incident has been noticed on the e-mail system of the Securities and Exchange Board of India (Sebi) which was undergoing a system upgrade and accordingly an FIR (First Information Report) as per the relevant provisions of law has been filed, the regulator said in a statement. CERT-In is the national nodal agency for responding to computer security incidents as and when they occur. An official spokesperson …

上海419论坛

18% GST on fees charged by Sebi

on

Entities dealing in the securities market will need to pay a GST of 18% on the fees charged by the Securities and Exchange Board of India (Sebi). The new tax rate is effective from Monday, the market regulator said in a circular. The GST Council in its meeting held on June 28 and June 29 had “This would result in additional costs for companies and lead to cash flow issues for some. Companies from certain sectors may not even be able to take the benefit of input tax credit on this,” said Yashesh Ashar, partner, Bhuta Shah & Co.

上海龙凤419

Export tax fails to boost retail fuel sales by private refiners

on

Despite the export taxes on auto fuels, state-run oil marketing companies (OMCs) continue to bear the extra burden of ensuring steady supply of fuels. Customers are giving private retail outlets a miss because petrol and diesel are costlier at these stations by Rs 7/litre and Rs 5/litre, respectively. Nearly 60 million people visit retail fuel outlets in the country on a daily basis. India had a little over 83,000 retail fuel outlets, as of May-end, of which around 8-9% belong to private sector. On an average, OMCs cater to around 90% of the domestic transport fuel demand. A senior official …

网站备案号: 粤ICP备19155694号-2