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In dollar terms, profit was up around 42 per cent at $183.2 million, while revenue climbed 14.6 per cent to about $1.38 billion in the April-June period.
FPIs fret about block deals as ‘info’ spurs tradesCurrently, investors intending to buy or sell large chunks of shares use two routes — the block deal and bulk deal. Offshore funds have expressed reservations over both the routes.
from Stocks-Markets-Economic Times https://… Read MoreTransmission of rate cuts at less than 50%Despite the RBI signaling 115 basis point(one bps is 0.01%) reduction of its benchmark repo rate - the rate at which it lends to banks - since March 2020, weighted average lending rates have fallen by 40 bps and 50bps on outs… Read MoreAsian stocks fall amid concern about Georgia Senate voteJapanese shares lost 0.47% after a media report that the government will curb business hours in Tokyo and surrounding cities from Thursday.
from Stocks-Markets-Economic Times https://ift.tt/2L0GncI
… Read MoreStocks in the news: HDFC, Larsen & Toubro, JSPL, Sun Pharma and SBIIncome tax officials on Monday conducted surveys at offices of engineering major Larsen & Toubro and media firm Zee Group for alleged GST evasion.
from Stocks-Markets-Economic Times https://ift.tt/3pTfVkb
… Read MoreNifty at 15,800? Quite likely by December, says JefferiesThe brokerage said the Nifty is currently trading at 22.3 times expected earnings, which is more than 1 Standard Deviation above the 10-year range.
from Stocks-Markets-Economic Times https://ift.tt/3ogMSGP
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