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Brokerage Sharekhan pointed out that the September quarter for the BFSI (banking, financial services, and insurance) sector is expected to be influenced by regulatory and environmental factors rather than business factors, and the focus will be on management commentary rather than earnings performance.
High provisions drag Axis Q3 net down 36%Profit declined to Rs 1,116 crore from Rs 1,757 crore in the same period last year. Provisions in the quarter increased 33 per cent to Rs 4,604 crore against Rs 3,470 crore in the year-ago period. Out of this, specific loan-l… Read MoreBack to square one: When big economies will hit pre-virus GDPThe pandemic expected to widen inequality between countries and within them, and may push as many as 150 million people into extreme poverty, according to the World Bank.
from Stocks-Markets-Economic Times https://ift.tt/2KU… Read MoreTokyo stocks open higher ahead of earningsThe benchmark Nikkei 225 index was up 0.44 percent or 124.23 points at 28,670.41 in early trade, while the broader Topix index advanced 0.46 percent or 8.41 points to 1,856.41.
from Stocks-Markets-Economic Times https://ift.… Read MoreAditya Birla Fashion buys Sabyasachi CoutureThe all cash deal is expected to be completed in 30-45 days, the company said in a statement. Established in 1990, the brand straddles categories such as apparel, accessories and jewelry and has a strong franchise in India, U… Read MoreSGX Nifty up 110 points; here's what changed for market while you were sleepingAsian equities rose on Wednesday, bouncing back from a steep sell-off on Tuesday. Japan's Nikkei added 0.48 per cent to 28,683.63. Korea's Kospi climbed 1.01 per cent to 3,171.96. Hong Kong's Hang Seng added 0.6 per cent to 2… Read More
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