News Overview

The three banks facing penalties are Walchand Nagar Sahakari Bank based in Pune, Dahanu Road Janata Co-operative Bank Ltd of Maharashtra, and Devika Urban Co-operative Bank Ltd in Jammu and Kashmir

SBILI is compliant with all the recent regulatory changes (e.g. EoM), and does not have exposure to tax claims (e.g. GST). Hence, SBILI may benefit from market-share gains as some of the Private players struggle to align with the regulations.

Analysts of IIFL Capital Services forecast USD Revenue/EPS Cagr of 16%/15% over FY23-26. Given the improving demand environment and receding risks from SWC integration, they increase their target multiple to 26x (was 25x) and roll forward leading to their 12-month TP of Rs4,000 (was Rs3,700).

Ebit margin (ex-bullion) contracted by 150bps YoY (ex-one off in base). However, demand trends were robust in July; the company is bullish about prospects in Q2, supported by higher studded ratio.

This collaborative platform aims to standardize the software architecture of vehicle electronic control units (ECUs).

The statement claims that the contract was signed at the NHPC corporate office by General Manager (Civil) Dibang and Executive Director, RITES, in the presence of Biswajit Basu, Director (Projects).

Volume growth across most Auto segments was muted in July 2023 as PV sales growth grew by 2.6% YoY. 2W sales saw a 7.2% YoY contraction in July.

The project will be launched six months after the PPA is signed.

The CBI has filed the closure report on the case registered in 2020.

Tobramycin Ophthalmic Solution is used for the treatment of bacterial infections of the eye.