India’s largest private sector lender reported a net profit of Rs 7,416 cr for the three months ended on December 31
The RBI buys gold to hedge the government’s sovereign gold bond issue, launched in November 2015
Earnings per share (EPS) stood at Rs 18.4, up 6.1 per cent YoY.
The Securities and Exchange Board of India had first notified REITs and InvIT Regulations in 2014
Net interest income, however, is likely to grow between 11 and 16 % YoY to Rs 14,409.5 crore, up from Rs 12,576.8 crore reported in the same quarter last year, and Rs 13,515 crore in Q2FY20
Revenue for the quarter came in at Rs 39,854 crore, up 6.7 per cent YoY while in constant currency terms, revenue grew 6.8 per cent YoY.
While financial and banking counters traded in the sea of red throughout the day, index heavyweights like Reliance Industries and Bharti Airtel, that surged 3 per cent and 6 per cent, respectively
Highlighting that the insurance industry is different from other business, he said if an insurer fails, it has bearing on customers as well
In the first 11 trading days of the current calendar year, Dr Reddy’s has outperformed the market by surging 6 per cent on expectations of earnings improvement.
The company signed a definitive agreement for the sale of DRG to Clarivate Analytics plc, a global leader in providing trusted insights and analytics, for a sale consideration of $950 million.