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ICICI Pru Q4 PAT at Rs 340 Cr

ICICI Pru Q4 PAT at Rs 340 Cr

ICICI Prudential posted its Q4FY18 with net profit down 16.6% at Rs 340Cr Vs Rs 408Cr on YoY basis. To decode and discuss the quarter gone by in detail, we caught up with Santosh Singh of Haitong Securities.

Phoenix Mills buys Rs 650 Cr land in Bengaluru

Phoenix Mills buys Rs 650 Cr land in Bengaluru

Shishir Shrivastava, Joint MD at Phoenix Mills says they are aiming equity return of 23-26% from the Bengaluru project and expect mall project to be operational in 36 months.

Persistent Systems Q4 profit slips 20%

Persistent Systems Q4 profit slips 20%

Anand Deshpande, Founder and CMD at Persistent Systems says the capacity utilisation rate is above 80%; expecting increase in headcount this quarter.

Ordinance on IBC: Extension of resolution period?

Ordinance on IBC: Extension of resolution period?

The new ordinance on IBC may look at extending the resolution timeline among other changes. Meghna Mittal joined us with the details.

Merger won't affect Airtel's current rating: Nitin Soni

Merger won't affect Airtel's current rating: Nitin Soni

Nitin Soni of Fitch Ratings says the Bharti Infra-Indus tower merger will benefit Vodafone & Idea and they will monetise their stake in Indus tower deal.

US 10-year bond yield tops 3%

US 10-year bond yield tops 3%

Qi Gao, Currency Strategist - EM Asia at Scotiabank says he doesn’t see much room for dollar to rally from current level.

PM to review Rs 6,000 Cr highway project

PM to review Rs 6,000 Cr highway project

PM Narendra Modi will review highway projects worth Rs 6000 crore, Chetan Bhutani joined us with the details.

Mumbai coastal road: 17 cos in fray for Rs 10,000 Cr project

Mumbai coastal road: 17 cos in fray for Rs 10,000 Cr project

The Municipal Corporation of Greater Mumbai has set a June target to break ground on the proposed Rs 10,000 crore coastal road project, connecting Princess Street to Versova. Karishma Asoodani reports.

Axis Bank classifies Shilpi Cable Tech as fraud account

Axis Bank classifies Shilpi Cable Tech as fraud account

Axis Bank has classified Shilpi Cable Technologies as a fraud account. Shantanu Guha Ray joined us with more details.

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Stocks In News

 

IDFC

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

INDIAN HOTELS

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

Mint Reports

CADILA HEALTHCARE

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

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