11 of train services would run on saturday

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on SBI Cards and Payment Services SBICARD reported a weak quarter as higher provisions dragged down net earnings and PPoP came in slightly below our estimate. PAT grew 32% YoY to INR5.1b (13% miss). Margins declined 70bp QoQ to 11.6% in 3QFY23 due to a lower revolver mix (24%) and a higher cost of funds. Growth in spends was healthy at 11% QoQ, with corporate spends up 25% and retail spends up 7% QoQ. GNPA/NNPA ratios increased by 8bp/2bp QoQ to 2.22%/0.8%. PCR was stable at ~64%. RoA/RoE came in at 4.8%/22.0%. Outlook We cut our estimates by 5-7% to factor in lower NII and slightly higher provisions. We estimate SBICARD to deliver a 34% earnings CAGR over FY23– 25, leading to RoA/RoE of 6.5%/27.9%. Maintain Buy with a TP of INR960. For all … [Read more...] about Buy SBI Cards and Payment Services; target of Rs 960: Motilal Oswal

The “watch duty time limitations and rest requirements” set forth by the DGCA on January 11 for controllers state that an air traffic controller's shift cannot last longer than 12 hours (Representative Image) The Directorate General of Civil Aviation ( DGCA ) rejected the Airports Authority of India ( AAI ) proposal to provide relaxation for airports with fewer flights in order to enable it to overcome a manpower shortage and instead issued new rules for the duty hours of air traffic controllers, as per a report in The Hindu . Although a version of these rules was initially announced in November 2020, the AAI found it challenging to comply with them because it required more staff to offer the required rest period. Since then, it has requested exemptions five times and suggested various duty hours for four distinct types of airports based on the volume of air traffic they handle: large airports, or those with more than 400 flights per day, as well as airports with up to … [Read more...] about DGCA sets new rules for duty timings of air traffic control employees

Representative Image Reliance Power on Saturday said its consolidated net loss widened to Rs 291.54 crore in the December 2022 quarter. The company's consolidated net loss was Rs 97.22 crore in the quarter ended December 2021, a BSE filing showed. The total expenses rose to Rs 2,126.33 crore in the quarter from Rs 1,900.05 crore in the year-ago period. Its total income stood at Rs 1,936.29 crore in the quarter against 1,858.93 crore a year ago. The company made a debt repayment of Rs 178 crore in the quarter, and its debt-equity ratio stood at 2.03:1. Read More It reported a net worth of Rs 11,219 crore. It has an operating portfolio of 5,945 MW. The Board of Directors, at its meeting held on Saturday, has appointed Ashok Kumar Pal as the Chief Financial Officer (CFO) of the company from January 29, 2023. Pal is a qualified Chartered Accountant with extensive hands-on experience of over 22 years. He has an established record of success in finance, … [Read more...] about RPower loss widens to Rs 291 crore in Q3

Hariom Pipe Industries | CMP: Rs 317.90 | The stock price surged over 11 percent after the company completed the setting up of its 15 tonne electric melting furnace and the commercial production from the same will commence from November 25, 2022. This will increase the company's production of MS billets from the current 95,832 MTPA to 1.04 lakh MTPA. Hi-Tech Pipes on Saturday reported over 28 per cent jump in its consolidated net profit to Rs 13.02 crore for the December 2022 quarter on account of higher income. The company had clocked Rs 10.16 crore during the same period of the preceding fiscal, the steel pipes maker said in a regulatory filing. … [Read more...] about Hi-Tech Pipes Q3 net profit grows 28% to 13 crore

FTX Founder and former CEO Sam Bankman-Fried Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial on fraud charges related to the collapse of the FTX crypto exchange. Federal prosecutors in Manhattan have accused him of stealing billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research. Bankman-Fried was not asked to enter a plea on Thursday. He has previously acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability. His defense lawyer, Mark Cohen, declined to comment after the hearing in Manhattan federal court. After the hearing, the one-time billionaire was surrounded by photographers as he exited the lower Manhattan courthouse and entered a black SUV. He sported facial stubble and a gray suit - a far cry for the shorts and t-shirt he became notorious for wearing in public appearances while running FTX. Nicolas Roos, a prosecutor, told U.S. … [Read more...] about FTX founder Sam Bankman-Fried released on $250 million bond

Baroda BNP Paribas Mutual Fund started operations on March 14 as Baroda Asset Management Company and BNP Paribas Asset Management Company’s merger finally came through after more than two years. PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Strong earnings in Q3 FY23 AUM growth led by organic as well as inorganic growth Acquired mutual fund assets of iFast during the quarter Product mix improves further in favour of equity assets Superior business model Valuation rich The stock of Prudent Corporate Advisory Services (CMP: Rs 1,005; Mcap: Rs 4,162 crore) had a great run on the bourses since its listing last year in May.  The mutual fund distributor’s stock has more than doubled in the last 6 months and is up 62 percent... … [Read more...] about Why is this mutual fund distributor buzzing on bourses since its listing in May last year?