[ad_1] New Delhi: Banking and IT are the two sectors that saw a major chunk of foreign equity on a 12-month basis. In its latest report, said the bulk of FPI sales FMCG, with other services and construction materials contributing 93 per cent, is focused around financials and IT on a rolling 12-month basis. The brokerage said inflows were witnessed in metals, power, discretionary consumption and telecom during this period. agencies Overall, last 12-months FPI The sell-off has eclipsed the outflow seen during the global financial crisis. “Ongoing FPI sales…
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Adani: Adani Group’s valuation growth fastest at 88 per cent, Ambani-led RIL up 13 per cent: Report
[ad_1] Adani Group A report on Wednesday said that in the six months to April 2022, there has been an increase of 88.1 percent in terms of value to Rs 17.6 lakh crore. In comparison, billionaire Mukesh Ambani‘s Reliance Industries – which has almost all of its ventures – increased its value by 13.4 per cent to Rs 18.87 lakh crore, helping it retain the top ranking in the Burgundy Private Hurun India 500 rankings. 12.97 lakh crore, followed by , and. In Ahmedabad-based Gautam Adani-led firms, valuations for It…
Cairn: Vedanta plunges 5.59 per cent on LSE amid talks to buy stake in Cairn
[ad_1] London/Mumbai: Shares led by NRI billionaire Anil Agarwal Vedanta Resources fell 5.59 per cent in London on Friday inventory The exchange comes amid talks that it may acquire a majority stake in the Indian arm. stupa energy. In the late afternoon session, the stock was trading at £20.61, down 5.50 per cent. London School of Economics, Vedanta opened on a positive note, but soon turned red. The broader market was also weak and the benchmark FTSE 100 was trading at 5,248.95, down 0.32 per cent in the afternoon session.…
Salary cost inflation to reduce profit margins of IT companies to 1.50 per cent: Report
[ad_1] Information technology companies’ operating profit margins could shrink by up to 1.50 per cent in the near-term, as wage cost inflation looms large due to higher workforce in the USD 200 billion industry, a report said on Thursday. Is. According to a report by domestic rating agency Icra, there will be a shrink on the operating profit margin front by up to 3.50 per cent for most IT companies in FY22. Profits were under pressure in FY12 due to wage inflation and normalization of operating overhead, it said, adding…
Non-food bank credit up 11.3 per cent in April: RBI data
[ad_1] Non-food credit of banks grew by 11.3 per cent in April 2022 as against 4.7 per cent a year ago. reserve Bank of India The data is shown on Tuesday.According to the RBI’s Sectoral Deployment of Bank Credit – April 2022, credit to agriculture and allied activities continued to grow at 10.6 per cent in April, compared to a growth of 10.7 per cent in the same month a year ago. Growth in advances for the industry stood at 8.1 per cent for the month from a contraction of…
Glenmark Q4 net net declines 26 per cent to Rs 173 crore
[ad_1] Glenmark Pharmaceuticals It said on Saturday that its consolidated profit after tax declined 26 per cent to Rs 173 crore for the fourth quarter ended March 31, 2022. The company had reported profit after tax (PAT) of Rs 234 crore in the January-March period of 2020-21 financials. However, the pharmaceutical firm’s consolidated revenue rose to Rs 3,019 crore in the quarter under review from Rs 2,860 crore in the year-ago period, registering a year-on-year growth of 6 per cent. For the year ended March 31, 2022, the Mumbai-based pharmaceutical…