Troubles with India's illiquid debt market have plagued Franklin Templeton since inception
The company has multiple growth engines given its focus on India/emerging markets and limited competition products in the US
The bank's slippages moderated significantly in March, but provisioning costs because of the coronavirus rose.
The S&P BSE Sensex gained over 371 points or 1 per cent to settle at 32,114.52, with IndusInd Bank (up nearly 17 per cent) being the top gainer
All that happened in the markets today
While the asset quality has weakened, its coverage has improved. The profit was above analysts' expectations and was driven by better operational performance.
Axis Bank and Max Financial Services today announced the signing of definitive agreements to become joint venture partners in Max Life Insurance Company
Analysts at Dolat Capital have kept their FY20E estimates for the sector largely unchanged as they estimate limited impact of Covid-19 on the sector
Brent crude futures fell to a low of $18.97 and were last down 4.1 per cent , or 82 cents, at $19.17 a barrel
Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest
The stock has more-than-doubled in the past one month from the level of Rs 101, as compared to 6.6 per cent gain in Sensex in the same period
The board of directors of the company will meet on Thursday, April 30, 2020 to consider and approve the proposal for buy-back of fully paid up equity shares of the Company.
Upstream companies like ONGC and Oil India slipped up to 2 per cent on the BSE
Here's a look at the top stocks that may remain in focus today
In the recent past, we have used the market volatility to add some quality franchises and replaced our weakest holdings. Overweight healthcare, insurance, automobiles/consumer discretionary.
According to a Business Standard report, the Centre is considering a proposal to guarantee Rs 3 trillion of loans to small businesses as part of a plan to restart economy
Analysts at MOFSL believe the Mumbai-based bank's credit cost may stay elevated led by higher slippages. Besides, asset quality could witness some pressure along with modest loan growth.
Roughly 85 per cent of worldwide onshore storage full as of last week, according to Kpler data
Net interest income up 45% YoY; pre-tax profit falls 22%
One-year return for fund category is 17 per cent