Yes Bank shares surged over 8%, adding Rs 6,184 cr to its market valuation, after the company reported a rise of 29% in standalone net profit for March qtr.
Shares of Wipro fell by 2 per cent after the company posted over 20 per cent decline in consolidated profit for the March quarter of 2017-18.
Benchmark Sensex vaulted over 212 points, riding on a stellar show by Yes Bank, as investors piled into consumption, IT and banking counters amid encouraging earnings.
World markets remained edgy, with shares eking out gains amid concern over the global economic outlook and with U.S. bond yields at four-year highs.
US stock index futures pointed to a strong open for Nasdaq as a slew of upbeat earnings helped set aside worries over rising US bond yields and corporate costs.
In talks to sell MF and broking units for Rs 600 Cr
Bain Capital , Warburg, Yes Bank and IndusInd said to have expressed interest
The AMC business had an AUM of Rs 66392 cr and PAT of Rs 58 cr in FY17
The Securities business had a PAT of Rs 29 cr in FY17
Economic Times Reports
Taj Mansingh auction to begin on 19th June18 as per NDMC notice
NDMC - New Delhi Municipality Council
Potential bidders can submit bids starting from 18th May
The hotel is a 292 room five star hotel currently operated by IHCL
Zydus Gets final approval from USFDA for Methylprednisolone
Will be manufactured at formulations manufacturing facility at Moraiya, Ahmedabad
Also received final approval to market Cinacalcet Hydrochloride Tablets
Will be manufactured at facility at SEZ, Ahmedabad