Month

August 2023

Showing 11 Result(s)
上海419论坛

Funds outflow has bearing on rupee: Bulk of FPI selling in banks, IT firms

on

By Ashley Coutinho A risk-off sentiment has gripped global equities as major central banks have stepped up their fight against rising inflation. In CY22, FPIs have offloaded the most in financial services and information technology stocks, sectors which together have about 50% weightage in key benchmark indices. Assets under custody of IT stocks have fallen 36% to $64.6 billion in the six months to June 30, 2022, while that of financial services firms have shrunk 15% to $162.7 billion, data from NSDL show. “FPI selling, trade imbalance and the strengthening seen in the dollar index have contributed to the fall …

上海419论坛

Rakesh Jhunjhunwala stock: Brokerages bullish on Federal Bank stock, see 32% potential rally

on

Rakesh Jhunjhunwala’s portfolio stock Federal bank share price surged nearly 4 per cent to Rs 102.7 apiece on BSE on Monday. The jump comes after the lender posted a 63.5 per cent rise in standalone net profit at Rs 600.6 crore in April- June quarter of FY23, as compared to Rs 367 crore in the same quarter last year. At least three research and brokerage firms are bullish on the stock and see up to 32 per cent upside potential in the stock price Stock talk: Should you buy, hold or sell Federal Bank shares? Motilal Oswal: BuyTarget price: Rs …

上海龙凤419

HDFC Bank share price falls after lender reports strong first quarter earnings; should you buy, hold or sell?

on

HDFC Bank share price slipped in early trade on Monday after the private lender reported strong first quarter earnings last week. HDFC Bank on July 16 reported a 20.9% on-year jump in consolidated net profit to Rs 9,579 crore for the quarter ended 30 June 2022. Meanwhile, Net interest income (NII) stood at Rs 19,481.40 crore, up 14.5 per cent on-year. HDFC Bank shares were quoting at Rs 1,357.95, down Rs 5.90 or 0.43 percent on the BSE intraday. So far this year, the stock has plunged over 11 per cent, underperforming even benchmark Nifty 50. However, analysts remain bullish …

上海龙凤419

Market share of 4 public sector general insurers falls to 37.86% at end of Q1

on

State-run general insurers continue to lose market share in terms of gross direct premium underwritten to their private peers. Collective market share of the four public sector general insurance companies fell 426 basis points year-on-year to 37.86% at the end of the first quarter this fiscal. All four PSU insurers — New India Assurance, United India Insurance, Oriental Insurance Company and National Insurance Company — lost market shares during the 12-month period ended June 30. New India Assurance, which continues to have the highest market share in the general insurance space at 17.53%, lost 235 basis points year-on-year during the …

上海龙凤419

Maharashtra cuts value added taxes on petrol by Rs 5/litre and by Rs 3/litre on diesel

on

The Maharashtra government on Thursday reduced value added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel, a move that will cost the state exchequer Rs 6,000 crore on an annual basis. The decision on reducing the VAT has been taken at a meeting of the Cabinet under newly-appointed chief minister Eknath Shinde. Sources in the oil marketing companies (OMCs) said that they are yet to receive any notification from the state government in this regard as yet. At retail outlets, fuel prices are generally revised in the morning. The prices of …

上海龙凤419

LIC’s embedded value at Rs 5.41 trillion in March-end

on

Life Insurance Corporation of India’s (LIC) Embedded Value (EV) was at Rs 5.41 trillion at the end of March, significantly higher than Rs 95,605 crore at the end of March, 2021, the insurer said on Thursday. The increase is due to the bifurcation of fund into separate participating and non-participating funds, pursuant to changes in the LIC Act, 1956. Earlier, the insurer had only one fund and the valuation surplus from the participating (par) and non-participating (non-par) business was distributed between policyholders and shareholders in a ratio of 95:5. The LIC stock has lost nearly 25% since it listed on …

夜上海论坛

US Stocks: Wall Street skids as bank earnings disappoint

on

U.S. stock indexes tumbled on Thursday after weaker-than-expected earnings from big U.S. banks JPMorgan Chase & Co and Morgan Stanley underscored growing fears of a sharp economic downturn. The benchmark S&P 500 was heading for its fifth consecutive session of losses amid fears that aggressive measures by the Federal Reserve to control soaring prices could push the world’s largest economy into a recession. Jamie Dimon, CEO of the largest U.S. bank, flagged a number of concerns including geopolitical tension, high inflation and the “never-before-seen” quantitative tightening as threats to global economic growth. “The big concern is that the slowdown of …

上海后花园论坛

Current rupee fall way lower than in earlier crises

on

The rupee’s depreciation against the dollar in the wake of the Omicron onslaught and the Ukraine war this year is way lower than its slump during earlier crises, according to a finance ministry analysis. While the rupee has depreciated almost 7% against the greenback since January 2022, it had lost as much as 28% during the so-called taper tantrum (May 3-August 28, 2013), 28% during the global financial crisis (February-October 2008) and the 22% during the Asian financial crisis (August 1997-August 1998). To ease pressure on the foreign exchange reserves apart from smoothening volatility in the forex market, the central …

夜上海论坛

Karera Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

on

Karera MP Assembly Election 2023 Details: The election for Karera Assembly Constituency in Madhya Pradesh will be held on November 17 this year. The final date of voting and result were known after the formal announcement by the Election Commission of India. Here are the important details of the Karera Constituency Assembly Election 2023 that you should know. Karera Constituency Madhya Pradesh Assembly Election 2023: Voting Date November 17 is the date of voting for the Karera Assembly Constituency Election 2023 as announced by the Election Commission of India. Karera Constituency Madhya Pradesh Election 2023: Candidates List Bharatiya Janta Party …

夜上海论坛

Petrol and diesel price July 15: Maharashtra fuel rates cut; Check prices in Delhi, Mumbai, other cities here

on

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The prices of petrol and diesel on Friday, July 15, were left untouched by OMCs for most of the country except Maharashtra. The new state government of Maharashtra announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel, a move that will cost the state exchequer Rs 6,000 crore on an annual basis. For the rest of the country, the prices have held steady for nearly two months. The last reduction in prices came after Finance Minister …

网站备案号: 粤ICP备19155694号-2