IDFC First Bank shares fall over 12pc after Q4 earnings

Shares of IDFC First bank, which was set up by the merger of Capital First & IDFC Bank recently, fell over 10pc after the company reported a loss of Rs218.03crore for the Q4FY19 against a profit of Rs41.93-crore, year-on-year. The merged bank’s gross NPAs was reported at 2.43pc of the...

ICICI Prudential Stock Rise After Results.

Shares of ICICI Prudential Life Insurance Co gained near 2-percent on Thursday after the company reported Q4 financial results. The private sector ICICI Pru Life on Wednesday reported its financial results for the quarter & the year ended March 31, 2019. The company’s Net premium income for the fourth quarter rose by...

Sobha Records Strong Sales, CLSA Sees 26pc Upside.

Real Estate major Sobha Limited announced its Q4 business figure for FY2019, on Monday, reporting 11 percent Year-on-year, jump in sales volumes in the Q4 FY19. The company recorded a sales volume of 11,29,268 sqft in fourth quarter FY3019 worth Rs920.5crore. The sales volume for the quarter was up by close...

Panacea Biotech stock jumps as Piramal-Bain invests in Rs992cr.

In stock market today, shares of Panacea Biotech surged upto an extent of 12% as on BSE and NSE after I India Resurgence Fund (IndiaRF), a fund promoted by Piramal Enterprises and Bain Capital Credit, pumped in Rs 992 crore in the pharmaceutical company. The investment is by way of...

JSW Steel to raise up to Rs4,100-cr via dollar bond, Stock gains

The flagship company of the JSW Group, JSW Steel Limited, plans to raise Rs3,500 to Rs4,100-crore through issue of dollar bonds to part finance its expansion plans. The bond issue is likely to be announced next week as the tenure pricing and finer details are being finalized, as per the reliable...

Zensar Tech Stock Rallies after Starting Operations in Mexico.

Leading global digital solutions and technology services company, Zensar Technologies Limited announced the launch of operations in Mexico City. The Company cited factors viz, ease of doing business, local talent and operational efficiencies as the reasons for selecting Mexico for launching its operations. Zensar Technologies Ltd has its operations in...