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“The recast levels in the second wave will be at least 2-3 times of what we had seen last year because there is no benefit of a blanket moratorium this time; so we need to salvage whatever we can,” said the CEO of a large non-bank lender. “We expect a significant drop in profits for this (June) quarter.”
Stocks in focus: Biocon, Tata Communications, ONGC and more
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… Read MoreSebi deepens fund managers' skin in the gameThe regulator said the move is aimed to align the interest of the key employees with the unit holders of the mutual fund schemes.
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… Read MoreBiocon Q4 results: Net profit grows 105% on strong biosimilar business growthFor the fiscal year 2020-21, Biocon reported a 1 per cent decline in net profit to Rs 740 crore; while revenue grew 14 per cent to Rs 7360 crore.
from Stocks-Markets-Economic Times https://ift.tt/3u2z3yl
… Read MoreUS Fed keeps interest rates near zero, Jerome Powell says risks to outlook remain intact
from Stocks-Markets-Economic Times https://ift.tt/3u2BIIl
… Read MoreSGX Nifty jumps 143 points; here's what changed for market while you were sleepingNifty futures on the Singapore Exchange traded 143.60 points, or 0.96 per cent, higher at 15,050 in signs that Dalal Street was headed for a gap-up start on Thursday.
from Stocks-Markets-Economic Times https://ift.tt/3e67cIp… Read More
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