Stocks to watch today: Axis Bank, Tata Steel will report their June quarter 2022 results (Q1FY23) on Monday, July 25; Infosys delivered net profit for Q1 below street expectations at Rs 5,360 crore.
Bank's standalone net profit was up 26% YoY, aided by loan growth and lower provisions
This may pave way for the stock's re-entry into FTSE All-World index
Stocks to watch today: L&T Technology Services and Jindal Steel and Power will share June quarter 2022 (Q1FY23) results on Friday, July 15.
With this, Kotak Mahindra Bank becomes one of the first private banks to be fully integrated with the new Income Tax department portal
Shares of Kotak Bank rose 2.64 per cent on Wednesday to end at Rs 1,707, valuing the lender at $42.8 billion (Rs 3.4 trillion)
The monetary penalty was imposed on IndusInd Bank as it failed to adhere to customer due diligence procedure in the accounts opened using OTP based e-KYC, in non-face-to-face mode
According to the technical analyst from Anand Rathi, ITC can rally to Rs 285.
This is Kotak Investment Advisors's 12th real estate fund and with it, the firm has so far raised, managed, or advised over $2.8 billion under its real estate fund series
Kotak Investment Advisors' one-stop investment solution provider 'Kotak Cherry' aims to be an open architecture platform
The market valuation of HDFC Bank jumped Rs 39,358.5 crore to reach Rs 7,72,514.65 crore
The derivative analyst from HDFC Securities recommends buying Kotak Bank 1,780 Put and simultaneously selling 1,760 Put for the May expiry.
Falguni Nayar, an investment banker-turned-entrepreneur, said she had no idea about retail or technology when she decided to take the entrepreneurial plunge in 2012
Mariwala will represent India at the EY World Entrepreneur of the Year Award to be held in June
The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%
To be eligible to be part of the FTSE index, the minimum room for overseas investment has to be 20 per cent
So far, the story reads well. We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth
Among large-caps, Kotak Mahindra Bank, HDFC, ONGC and Maruti Suzuki among most-bought shares; ITC tops sell list
Media reports quoting Lonavala police said an FIR had been registered against seven officials of the bank on the complaint of a Lonavala resident
The stake was purchased at Rs 1,699 per share from Canada Pension Plan Investment Board (CPPIB), data released by BSE showed