Sunday, July 28, 2019

ICICI Bank reports good numbers in Q1

ICICI Bank, India's biggest private sector bank, has posted a profit of Rs 1,908 crore in June quarter. 

The bank had posted a loss of Rs 120 crore in the year-ago period and a profit of Rs 969 crore in the previous quarter. 

Net interest income grew  by 27 percent year-on-year to Rs 7,737 crore for quarter that ended on June 2019 with healthy loan growth of 15 percent YoY.

The stock closed at Rs 416, up Rs 7 in Friday's closing.

Thursday, July 25, 2019

GLOBAL RANKING : RIL top ranked Indian company

Image result for ril

Reliance Industries  has become the top-ranked Indian company to feature in the latest Fortune Global 500 list.
The oil-to-retail major has toppled state-run Indian Oil Corporation  as the top-ranked Indian company.
RIL has attained a rank of 106 in the latest list, recording an improvement of 42 positions from its previous ranking.
On the other hand, IOC improved its position to 117th rank, registering a jump of 20 spots.
Other Indian companies in the Fortune Global 500 list include ONGC (160), State Bank of India (236), Tata Motors (265), Bharat Petroleum (275) and Bangalore based Rajesh Exports is at 495.

IPO ANALYSIS: AFFLE INDIA LIMITED - AVOID

Issue Details :


Issue opens
/closes on


29-07/31-07-2019
Issue size
Rs 459 Cr
Face value
Rs 10
Price Band
Rs 740-745
Business
Technology - consumer
intelligence 
platform that delivers
consumer acquisitions,
engagements
 and transactions through
 relevant mobile
advertising / E commerce.
Promoters
ANUJ KHANNA SOHUM AND AFFLE HOLDINGS PTE. LTD
Listing
Bse, Nse
BRLM
ICICI Securities, Nomura
Registrar
Karvy
Await detailed analysis.

Thursday, July 11, 2019

Axis Bank to raise Rs 9000 Cr, appoints merchant bankers

 Axis Bank has appointed investment banks Citigroup, JP Morgan and Axis Capital to help it raise up to Rs 9000 Cr through a share sale, said a person aware of the development.

The bank plans to raise the funds through a qualified institutional placement  offering by selling shares to institutional investors. It will help the bank shore up its capital adequacy ratio and push for lending growth.

Axis Bank closed at Rs 768, down Rs 18 in yesterday's trade.