India Inc's top leaders, ace economists & macro-economic experts speak on the day's big trends & developments.
February 16: A Report By The State Bank Of India Suggests That Banks Incremental Credit Increased By More Than Three Lakh Crore Rupees While Also Indicating Fantastic Growth In GVA In The Quarters To Come. To Get A Fineprint Into The Macro Picture Painted By The SBI, We Connected With The Bank's Chief Economic Advisor And The Author Of The Ecowrap, Soumyakanti Ghosh.
February 16: We Put The Focus On Stock Specific Action Where We Get You The Best Investment Themes For 2018 And Also Review The Third Quarter Earnings With R Sreesankar, Head-Institutional Equities At Prabhudas Lilladher.
February 15: Details Keep Trickling In With Regard To The Massive Bank Fraud Case Reported By The Punjab National Bank. The Fraud Reported Is To The Tune Of 11 And A Half Thousand Crores And BTVI Reported Exclusively Yesterday That The Story Is Not Limited To PNB Alone. We Spoke To Former Deputy Governor At The Reserve Bank Of India, HR Khan To Get His Perspective On The Same.
February 15: In A Bid To Clean Up Mounting Bad Loans, The RBI Has Completely Overhauled Its NPA Resolution Framework. It Now Gives Defaulters A 180 Day Timeline To Cover Their Dues Failing Which The Account Can Be Referred For Bankruptcy Proceedings. To Get The Fineprint Into The New Framework, We Spoke To Krishnan ASV Of SBICap Securities.
February 14: Indian Overseas Bank In Its Quarterly Earnings Bank Posted A Loss Of Rs 971 Crores And Bad Loan Ratio For The Bank Also Remained Over 20% in The Third Quarter. To Discuss Various Factors That Went Into Its Earnings, We Spoke To R Subramania Kumar, MD & CEO At IOB.
February 14: CPI Numbers Indicated Inflation At 5.07%, While IIP Indicated A Growth Of 7.1 Percent With Capital Goods Growth Almost Doubling To 16.4 Percent Signaling That The Worst May Be Over For The Indian Economy. To Discuss This In Detail And Understand What Lies Ahead For The Economy, We Caught Up With Suvodeep Rakshit, Senior Economist At Kotak Institutional Equities.
February 14: Indian Bank's Third Quarter Numbers Saw Profits Fall 18 Percent After MTM Losses On Investments While Provisions Also Fell. To Discuss The Bank's Third Quarter And The Impact Of RBI's NPA Framework Overhaul, We Spoke To Kishore Kharat, Managing Director And CEO At Indian Bank.
February 14: UFO Movies Posted A Weak Third Quarter With Profits Falling Over 18 Percent. To Understand The Reasons Behind This And Get A Fineprint Into The Quarter Gone By, We Caught Up With Kapil Agarwal, Joint Managing Director At UFO Moviez.
February 12: Puravankara Q3FY18 Profit Rises Almost 20%. The Company Reported A 14.56 Per Cent Increase In Its Consolidated Net Profit At Rs 25.64 Crore For The Quarter Ended In December 2017. To Get The Earnings Fineprint, We Caught Up With Ashish R Puravankara, MD Of Puravankara.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa