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On Monday, Bajaj Auto recorded a 2% decrease in total sales, or 3,94,747 vehicles, compared to the same month last year. The company had sales of 4,02,021 vehicles in September of last year. ...
Zydus Lifesciences Limited's U.S. subsidiary Zydus Pharmaceuticals (USA) Inc. has received final approval from the United States Food and Drug Administration (USFDA). The USFDA appro...
Indian equity markets are likely to have more of a week in red, this week. Oil prices have again started rising. This rise is based on the expectation that OPEC+ may cut oil supply by as much a...
Tata Coffee Ltd has informed the sale of land by the company. Pursuant to the Board's approval on September 29, 2022, entered into a definitive Agreement of Sale for disposal of an i...
Goa Carbon Limited has informed to the stock exchanges regarding temporary shut-down of Goa Unit for minor maintenance work. In a regulatory filing, the company said that the product...
Dilip Buildcon Limited has been declared as L-1 bidder for the tender floated by the Gujrat Metro Rail Corporation (GMRC) Limited. As per the filing, the tender is for "Construction ...
Adani Ports and Special Economic Zone Limited is an India-based integrated ports and logistics company. The Company is primarily engaged in developing, operating and maintaining the ports services, ports-related infrastructure development activities and development...
On the back of APM gas price hike by 40% for H2FY23, analysts at IIFL Securities have upgraded ONGC and OILs FY23-24 estimated PAT by 5-13%. RIL is set to realize ~26% higher price for deepwater gas; will also see 2.5-5% EPS upgrade for FY23-24. The gas-based IPPs will see ~35% increase in variable costs, thus turning more unviable.
The RBI MPC raised policy rate as expected, commented on domestic inflation risks, noted worsening international growth outlook, but upped quarterly GDP growth estimates.
For the October series, analysts at IIFL Securities will be cautious on Nifty and believe this round of correction has potential to take the index back to 16350 levels.
Net card additions in August 2022 were negative versus +1.53 million in July 2022; this was driven by a 1.52/1.05 million (8/11% MoM) decline for HDFC Bank/Axis Bank, respectively, due to closure of cards inactive for >1 year. IndusInd Bank/State Bank of India (SBI) added 2.6/2.0% of their opening cards in-force, respectively, followed by ICICI Bank/Kotak Mahindra Bank/RBK at 1.5/1.4/1.0%.
IIFL is one of the leading player in the broking industry with more than a million accounts being opened since inception. The company provides execution, advisory, and research service across products like equity, F&O, Commodity & Currency, Mutual Funds. IIFL is also one of the top distributors of AIF, PMS and Mutual Funds.
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