As per the report, the Hindujas-backed bank may announce the fundraising plans post its board meeting on July 28. Route One Investment Company LP, USA (ROIC) is likely to be one of the anchor investors and may pump in nearly half the amount, the report added. … [Read more...] about IndusInd Bank to raise up to $500 million, Route One among anchor investors: Report
"The growth of turnover in equity segment by 39 percent in this quarter over corresponding quarter previous year is highly encouraging. Coupled with the focus on "best price execution" of trades by trading members, the prospects for growth in equity segment in BSE also look brighter," he added. … [Read more...] about BSE Q1 net profit drops 21.4% to Rs 32.48 crore
State Bank of IndiaConsolidated Quarterly Resultsin Rs. Cr.Jun'20Mar'20Jun'19Interest Earned(a) Int. /Disc. on Adv/Bills45,711.4044,170.7745,177.78(b) Income on Investment20,483.6018,873.1618,587.43(c) Int. on balances With RBI1,836.35989.20422.09(d) Others1,908.621,842.351,407.12Other Income18,044.3628,343.3417,891.59EXPENDITUREInterest Expended40,301.3240,392.4440,139.31Employees Cost12,658.2212,935.1711,608.23Other Expenses16,616.8523,156.0016,604.96Depreciation------Operating Profit before Provisions and contingencies18,407.9417,735.2115,133.51Provisions And Contingencies12,562.7614,021.619,448.71Exceptional Items1,367.272,590.59--P/L Before Tax7,212.456,304.195,684.80Tax2,008.961,746.302,301.01P/L After Tax from Ordinary Activities5,203.494,557.893,383.79Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period5,203.494,557.893,383.79Minority Interest-490.95-363.54-339.56Share Of P/L Of Associates63.962,715.60-93.73Net P/L After M.I & … [Read more...] about SBI Consolidated June 2020 Net Interest Income (NII) at Rs 29,638.65 crore, up 16.43% Y-o-Y
Moneycontrol was the first to report on July 10 that the Info Edge QIP was likely to be launched in August after shareholders' approval and that the firm had finalised four merchant bankers for the fundraise, namely Goldman Sachs, Credit Suisse, JP Morgan and IIFL Capital. … [Read more...] about Info Edge launches Rs 1,875 crore QIP to build COVID M&A war chest
The scheme will mimic the Nifty Alpha Low Volatility 30 index. This benchmark has 30 stocks picked from the Nifty 100 and Nifty Midcap 50 indices using two parameters – alpha and low volatility with equal weight. Stocks with high Jensen’s Alpha (returns over what markets/indices deliver) are selected. The Nifty150 TRI is the benchmark for determining excess returns. Stocks with low standard deviation (measure of volatility) are selected using a rule-driven process. Exposure to individual stocks is capped at 5 per cent. The index is rebalanced twice a year. Stock inclusions and exclusions to the index are rule-based. … [Read more...] about ICICI Pru Alpha Low Vol 30 ETF NFO: Should you invest?