bank Sensex Ends Lower, Yes Bank Q4 Results, HUL Block Deal, and Top Stocks in Focus Today By feeds.equitymaster.com Published On :: Fri, 8 May 2020 03:00:00 GMT Posted by Equitymaster Indian share markets ended their trading session lower yesterday.Benchmark indices edged lower tracking weak global cues as investors fretted over weak economic data and rising COVID-19 cases.Barring energy stocks, all sectoral indices ended on a negative note with stocks in the power sector, telecom sector and consumer durables sector witnessing most of the selling pressure.At the closing bell yesterday, the�BSE Sensex stood lower by 242 points and the�NSE Nifty�closed down by 72 points.The SGX Nifty�was trading at 9,200, down by 53 points, at the time of writing.The�BSE Mid Cap�index and the�BSE Small Cap�index ended their day down by 0.5% and 0.1%, respectively.Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.You would be interested in knowing when the market will likely bottom out.Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.You can check the same here -�This is When the Stock Market Will Bottom OutAlso, our special report, How to Trade the Coronavirus Crash, is the most comprehensive report on how to trade the coronavirus, both from a short-term and long-term perspective. You can�claim your FREE copy here... --- Advertisement --- FREE Guide for You: Find the Next Crorepati Stock in this Futuristic IndustryTanushree Banerjee, the co-head of research, just shared her latest guide: Find the Next Crorepati Stock in this Futuristic Industry And she has agreed to make it available for free for a limited time. If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing... Tanushree has also discovered one stock from this futuristic industry... which she strongly believes has the potential to make one Rs 1 crore or more in the long run. She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit' We expect this to a huge event... with more than 10,000 people attending it LIVE. You simply can't miss it. Click Here to Download the Guide & Block Your Seat Now. It's Free. ------------------------------ Top Stocks in Focus TodayFrom the pharma sector, Dr Reddy's Laboratories share price will be in focus as the company announced that the its NDA (new drug application) Elyxyb ((celecoxib oral solution 25 mg/mL) has been approved by the US Food and Drug Administration.The drug is indicated for the acute treatment of migraine with or without aura in adults.From the IT sector, HCL Technologies share price will also be in focus as the company reported a 22.8% year-on-year (YoY) rise in consolidated net profit at Rs 31.5 billion compared with Rs 25.7 billion in the same quarter last year.Revenue for the quarter rose 16.3% YoY to Rs 185.9 billion from Rs 159.9 billion reported in the year-ago quarter. In dollar terms, revenue rose 11.7% YoY to US$ 2,543.40 million from US$ 2,277.80 million. On a sequential basis, dollar sales were flat. Sales growth in constant currency terms rose 13.5% YoY to US$ 2,584.60 million.To know more about the company, you can read HCL Technologies' Q4FY20 result analysis on our website.Market participants will also be tracking RBL Bank share price, Cyient share price and Gillette share price as these companies announced their March quarter results yesterday.You can read our recently released Q4FY20 results of other companies here: Ambuja Cement,�IndusInd Bank,�Axis Bank,�Tech Mahindra,�HUL,�Reliance Industries,�Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems. --- Advertisement --- Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event. And with the corona crash, this opportunity has only become even more exciting. And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run. So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours. Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE. Click here to find out how you can claim your FREE copy ------------------------------ GSK Sells Stake in HUL via Block DealFrom the FMCG sector, Hindustan Unilever (HUL) share price will be in focus as the UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals yesterday.According to the term sheet, over 133 million shares are being offered in the range of Rs 1,850-1,950 to investors through a special block window. The deal will be valued roughly between Rs 246 billion to Rs 259 billion.GSK and�Horlicks�are selling up to US$ 3.4 billion worth of HUL shares through what could be India's biggest secondary market block trades.The British drug maker is looking to monetise about 5.7% of�HUL stock it had got after last year's merger of GSK Consumer Healthcare and HUL.As per the scheme of amalgamation amongst GSK Consumer Healthcare and HUL, GlaxoSmithKline Pte had received 54.08 million shares of HUL, meanwhile Horlicks received 79.69 million shares.Accordingly, parent company Unilever Plc and group companies' stake in HUL reduced to 61.9%, from 67.2% earlier after the issue of new shares.Yes Bank Q4FY20 ResultsYes Bank reported better-than-expected March quarter (Q4FY20) results.Yes Bank�posted a net profit of Rs 26.3 billion on the back of one-time gain attributed to an exceptional item of Rs 63 billion.The bank has written-down additional tier-1 bonds as part of its planned reconstruction scheme, leading to a one-time gain of Rs 63 billion.In the absence of the exceptional gain, the bank would have reported a net loss of Rs 36.7 billion.The bank had reported a net loss of Rs 15.1 billion a year ago, while the same was Rs 185.6 billion in Q3FY20.The bank's net interest income (NII) for the March quarter came in at Rs 12.7 billion, up 19.6% sequentially.Net interest margin (NIM) for Q4FY20 came in at 1.9%, compared to 3.1% a year ago.On the asset quality front, gross non-performing assets (NPA) fell 19% QoQ to Rs 328.8 billion, mostly on account of write-offs.The bank's deposits plunged to Rs 1.05 lakh crore, down 54% YoY compared with Rs 2.27 lakh crore.Meanwhile, Advances declined 29% YoY to Rs 1.7 lakh crore from Rs 2.4 lakh crore in the year-ago quarter.For the financial year 2019-20 (FY20), the private lender posted a loss of Rs 164.2 billion, on a standalone basis, compared to net profit of Rs 17.2 billion in the previous year.To know more, you can read Yes Bank's latest result analysis on our website.Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.This is evident from the chart below:India's Huge Lending Opportunity Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.Here's what Tanushree Banerjee wrote about this in one of the editions of�The 5 Minute WrapUp...Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.The Modi government is looking at various ways�to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this�megatrend.Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.As per her, now is the right time to buy these stocks to profit from the�Rebirth of India.�You can read about them here.And to know what's moving the Indian stock markets today, check out the most recent�share market updates here.This article (Sensex Ends Lower, Yes Bank Q4 Results, HUL Block Deal, and Top Stocks in Focus Today) is authored by Equitymaster.Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange. Full Article
bank BANK OF MAHARASHTRA Surges by 9%; BSE BANKEX Index Up 2.1% By feeds.equitymaster.com Published On :: Fri, 8 May 2020 09:23 AM Posted by Equitymaster BANK OF MAHARASHTRA share price has zoomed 9% and is presently trading at Rs 10. Meanwhile, the BSE BANKEX Index is at 22,787 (up 2.1%). Among the top Gainers in the BSE BANKEX Index today is BANK OF MAHARASHTRA (up 8.6%). Over the last one year, BANK OF MAHARASHTRA has moved down from Rs 15 to Rs 10, registering a loss of Rs 5 (down 35.9%). On the other hand, the BSE BANKEX has moved down from 32,704 to 22,787, loss of 9,917 points (down 30.4%) during the last 12 months. The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3]. One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now What About the Benchmark Indices? The BSE Sensex is at 32,089 (up 1.8%). The top gainers among the BSE Sensex stocks today are HUL (up 3.0%), INDUSIND BANK (up 2.9%) and BAJAJ FINANCE (up 2.8%). Other gainers include AXIS BANK (up 2.7%) and RELIANCE IND. (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI. In the meantime, NSE Nifty is at 9,383 (up 1.5%). The top gainers in the NSE Nifty include DR. REDDYS LAB (up 4.1%), INDIABULLS HOU. FIN. (up 3.8%) and HUL (up 3.2%). Other gainers include HINDALCO (up 2.5%) and ZEE ENTERTAINMENT (up 2.3%) are among the top gainers in NSE Nifty. Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 16.35%).BANK OF MAHARASHTRA Financial Update...BANK OF MAHARASHTRA net profit declined 103.6% YoY to Rs 1 billion for the quarter ended December 2019, compared to a loss of Rs 38 billion a year ago. Operating income rose 14.0% to Rs 30.2 billion during the period as against Rs 26.5 billion in October-December 2018.For the year ended March 2019, BANK OF MAHARASHTRA reported 328.3% increase in net profit to Rs 47.6 billion compared to net profit of Rs 11.1 billion during FY18.Revenue of the company grew 2.2% to Rs 108 billion during FY19. The current Price to earnings ratio of BANK OF MAHARASHTRA, based on rolling 12 month earnings, stands at 6.7x. p >This article (BANK OF MAHARASHTRA Surges by 9%; BSE BANKEX Index Up 2.1%) is authored by Equitymaster.Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange. Full Article
bank Sensex Opens Over 500 Points Higher; Metal and Banking Stocks Rally By feeds.equitymaster.com Published On :: Fri, 8 May 2020 04:00:00 GMT Posted by Equitymaster Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.6% while the Hang Seng is up 0.9%. The Nikkei 225 is trading up by 1.8%. Wall Street's indices climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.Trends on SGX Nifty indicated a positive opening for the index in India with a 91 points gain.India share markets opened higher. The BSE Sensex is trading up by 542 points while the NSE Nifty is trading up by 158 points. The BSE Mid Cap index and BSE Small Cap index opened up by 0.9% and 0.6% respectively.All sectoral indices are trading in green with metal stocks and banking stocks witnessing maximum buying interest. --- Advertisement --- FREE Guide for You: Find the Next Crorepati Stock in this Futuristic IndustryTanushree Banerjee, the co-head of research, just shared her latest guide: Find the Next Crorepati Stock in this Futuristic Industry And she has agreed to make it available for free for a limited time. If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing... Tanushree has also discovered one stock from this futuristic industry... which she strongly believes has the potential to make one Rs 1 crore or more in the long run. She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit' We expect this to a huge event... with more than 10,000 people attending it LIVE. You simply can't miss it. Click Here to Download the Guide & Block Your Seat Now. It's Free. ------------------------------ Note that the�coronavirus impact�has shaken markets worldwide. For the�BSE Sensex, FY20 was the second worst year post FY08, the year of the global financial crisis.Good Time to Start Investing Now? Naturally, there is an atmosphere of fear all round.Is it time to sell stocks now? Will the correction get worse?History has shown that after years like the one we had just now, the next 3 years are good for the markets. In fact, these corrections are the rare times when you find businesses with solid fundamentals at reasonable valuations.If you can�find good businesses�that can survive the current crisis, you will do well in the long run.Moving on, the rupee is currently trading at 75.57 against the�US$. --- Advertisement --- Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event. And with the corona crash, this opportunity has only become even more exciting. And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run. So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours. Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE. Click here to find out how you can claim your FREE copy ------------------------------ Gold prices are currently trading up 1.7% at Rs 46,161.Gold prices in India edged lower in yesterday's trade though it remained in a narrow range.On MCX, June gold futures fell about Rs 30 to Rs 45,340 per 10 gram, extending losses to the third day.Gold prices had fallen about Rs 426 per 10 gram in the previous session. Silver futures also gave up early gains and were down 0.1% to 41,803 per kg.In global markets, gold prices edge higher today after a sharp fall in the previous session.Spot gold climbed 0.3% to US$1,690.19 per ounce, after a 1% fall in the previous session. Despite bleak economic data, the dollar's strength is weighing on gold.The US dollar today touched a more than one-week high against a basket of major currencies. Besides firmer dollar, some bullion refineries restarted have production, easing supply-side concerns.Moving on to mutual funds sector. Investors pumped Rs 837.8 billion in equity-oriented mutual fund (MF) schemes in FY20, registering a decline of 25% from the Rs 1.11-trillion inflows in the preceding year.However, this was the sixth successive year of net inflows in equity mutual funds, according to data by the Association of Mutual Funds in India.The flows into equity funds in the last fiscal were lower than the flows in 2018-19 primarily because of the equity markets displaying volatility, which made some investors take a break from making fresh equity investments.Net inflows in these funds were Rs 1.7 trillion in FY18, Rs 703.7 billion in FY17, Rs 740.2 billion in FY16, and Rs 710.3 billion in FY15. However, they had witnessed a net outflow of Rs 92.7 billion in FY14.To know what's moving the Indian stock markets today, check out the most recent�share market updates here.This article (Sensex Opens Over 500 Points Higher; Metal and Banking Stocks Rally) is authored by Equitymaster.Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange. Full Article
bank Indian Indices Trade Higher; Reliance Industries & ICICI Bank Top Gainers By feeds.equitymaster.com Published On :: Fri, 8 May 2020 12:30 pm Posted by Equitymaster Share markets in India are presently trading on a positive note. Benchmark indices advanced today tracking firm global cues.Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.The BSE Sensex is trading up by 524 points while the NSE Nifty is trading up by 146 points.The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.7%, respectively.Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while power stocks are witnessing selling pressure.The rupee is currently trading at 75.44 against the US$.Gold prices are currently trading down by 0.1% at Rs 46,134. --- Advertisement --- FREE Guide for You: Find the Next Crorepati Stock in this Futuristic IndustryTanushree Banerjee, the co-head of research, just shared her latest guide: Find the Next Crorepati Stock in this Futuristic Industry And she has agreed to make it available for free for a limited time. If you've not claimed your free copy, then do so now. It might not remain free for long. One more thing... Tanushree has also discovered one stock from this futuristic industry... which she strongly believes has the potential to make one Rs 1 crore or more in the long run. She'll reveal more details about this stock in her 'One Stock Crorepati MEGA Summit' We expect this to a huge event... with more than 10,000 people attending it LIVE. You simply can't miss it. Click Here to Download the Guide & Block Your Seat Now. It's Free. ------------------------------ Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.You would be interested in knowing when the market will likely bottom out.Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.You can check the same here - This is When the Stock Market Will Bottom OutMoving on, market participants are tracking Shree Cement share price, TCI Express share price, and SBI Cards and Payment Services share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.You can read our recently released Q4FY20 results of other companies here: Ambuja Cement, IndusInd Bank, Axis Bank, Tech Mahindra, Reliance Industries, Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems, SKF India.In news from the banking sector, public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore for the March-April period to 41.81 lakh accounts, according to the finance ministry.The borrowers represented the micro small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors.Reportedly, PSB loans amounting to Rs 265 billion have been sanctioned in 2.37 lakh cases for MSMEs.This is part of the PSB initiative to prioritise pre-approved emergency credit lines and enhanced working capital requirements to the sector. --- Advertisement --- Corona Crash Alert: 7 Stocks You Absolutely Don't Want to Miss Our Co-Head of Research, Tanushree Banerjee, has identified 7 stocks that could do exceedingly well in the coming years riding on a rare economic event. And with the corona crash, this opportunity has only become even more exciting. And she says those who get into these 7 stocks right now have the chance to make potentially LIFE-CHANGING returns in the long run. So will you be among those who acts on this opportunity now? Or will you be among those who will kick yourself later not taking action now? The choice is yours. Full details on these 7 stocks are included in Tanushree's special report. And by acting fast, you can claim a copy of this report virtually FREE. Click here to find out how you can claim your FREE copy ------------------------------ Meanwhile, PSBs sanctioned loans worth Rs 773.8 billion to non-banking financial companies (NBFCs) and housing finance companies (HFCs) between March 1 and May 4.Including the Reserve Bank of India's (RBI) targeted long term repo operations (TLTRO) window, PSBs extended Rs 1.08 lakh crore of financing to ensure business stability and continuity.The finance ministry said that the three-month loan moratorium facility announced by the RBI has been availed by 3.2 crore PSB accounts.On Thursday, Finance Minister Nirmala Sitharaman said that the Indian economy is poised to recover from the recent crisis brought upon by the coronavirus pandemic with PSB sanctioning loans worth Rs 5.66 lakh crore in just two months.Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.This is evident from the chart below:India's Huge Lending Opportunity Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.Here's what Tanushree Banerjee wrote about this in one of the editions of The 5 Minute WrapUp...Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.The Modi government is looking at various ways to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this megatrend.Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.As per her, now is the right time to buy these stocks to profit from the Rebirth of India. You can read about them here.Moving on to news from the FMCG sector, shares of Hindustan Unilever (HUL) rose 4% today after institutional investors bought stake in the company via open market on Thursday.The NSE bulk deal data showed that foreign portfolio investor Societe Generale, a French multinational investment bank and financial services company, bought 129 million shares of HUL at an average price of Rs 1,902.UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals, yesterday.According to the term sheet, over 133 million shares were offered in the range of Rs 1,850-1,950 to investors through a special block window.The deal is valued roughly between Rs 246 billion to Rs 259 billion.Note that last week, HUL reported a 7% decline in volumes in Q4FY20. The company's profit before tax fell 10.6% to Rs 19.9 billion, while net profit declined 1.2% year-on-year (YoY) to Rs 15.2 billion.HUL share price is presently trading up by 3%.To know more about the company, you can HUL's latest result analysis on our website.And to know what's moving the Indian stock markets today, check out the most recent share market updates here.This article (Indian Indices Trade Higher; Reliance Industries & ICICI Bank Top Gainers) is authored by Equitymaster.Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange. Full Article
bank BANDHAN BANK LTD Plunges by 5%; BSE BANKEX Index Up 0.1% By feeds.equitymaster.com Published On :: Fri, 8 May 2020 02:49 PM Posted by Equitymaster BANDHAN BANK LTD share price has plunged 5% and is presently trading at Rs 262. Meanwhile, the BSE BANKEX Index is at 22,880 (up 0.1%). Among the top losers in the BSE BANKEX Index today are BANDHAN BANK LTD (down 5.0%) and RBL BANK LTD (down 8.1%). ICICI BANK (up 2.0%) and KOTAK MAHINDRA BANK (up 1.4%) are among the top gainers today. Over the last one year, BANDHAN BANK LTD has moved down from Rs 590 to Rs 262, registering a loss of Rs 328 (down 55.5%).. The BSE BANKEX has moved down from 32,704 to 22,880, loss of 9,824 points (down 30.0%) during the last 12 months. One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now What About the Benchmark Indices? The BSE Sensex is at 32,089 (up 0.7%). The top gainers among the BSE Sensex stocks today are HUL (up 4.0%). The most traded stocks in the BSE Sensex are ICICI BANK and RELIANCE IND.. In the meantime, NSE Nifty is at 9,383 (up 0.8%). DR. REDDYS LAB (up 4.3%) and HUL (up 4.3%) are among the top gainers in NSE Nifty. Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.24%).BANDHAN BANK LTD Financial Update...BANDHAN BANK LTD net profit stood at Rs 7 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Operating income rose 64.7% to Rs 27.2 billion during the period as against Rs 16.5 billion in October-December 2018.For the year ended March 2019, BANDHAN BANK LTD reported 45.0% increase in net profit to Rs 19.5 billion compared to net profit of Rs 13.5 billion during FY18.Revenue of the company grew 38.4% to Rs 66 billion during FY19. The current Price to earnings ratio of BANDHAN BANK LTD, based on rolling 12 month earnings, stands at 9.3x. p >This article (BANDHAN BANK LTD Plunges by 5%; BSE BANKEX Index Up 0.1%) is authored by Equitymaster.Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange. Full Article
bank RBL Bank share price falls over 8% on weak earnings in Q4 By www.businesstoday.in Published On :: Fri, 08 May 2020 13:13:12 GMT Share price of RBL Bank fell up to 8.77% to Rs 117.6 compared to the previous close of Rs 128.90 on BSE Full Article
bank ICICI Bank FY20 results: Profit jumps 135% to Rs 7,931 crore; asset quality improves By www.businesstoday.in Published On :: Sat, 09 May 2020 11:11:03 GMT For the fourth quarter ended March 31, 2020, ICICI Bank reported a 26 per cent rise in net profit at Rs 1,221 crore compared to Rs 969 crore a year ago Full Article
bank ICICI Bank to raise up to Rs 25,000 crore via debt securities By www.businesstoday.in Published On :: Sat, 09 May 2020 12:04:26 GMT ICICI Bank's board also approved issuances of bonds/notes/offshore Certificate of Deposits in overseas markets up to $3 billion in single or multiple tranches for a period of one year Full Article
bank ICICI Bank Q4 earnings today: Key parameters to watch out for By www.businesstoday.in Published On :: Sat, 09 May 2020 07:03:20 GMT Dalal Street expects ICICI Bank to report healthy earnings in Q4 Full Article
bank Coronavirus lockdown: How banks are focussing on 'contactless financing' to help borrowers By www.businesstoday.in Published On :: Fri, 01 May 2020 17:18:00 GMT The crisis served as a wake-up call for banks whose digital operations were growing at a snail's pace. They have started embracing the change Full Article
bank Tax-News.com: Maltese Tax Agency Rejecting Foreign Bank Drafts, Checks By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT On February 20, 2020, Malta's Commissioner for Revenue said tax payments by bank draft or check issued by foreign banks will no longer be accepted. Full Article
bank Tax-News.com: New Zealand Tops World Bank's 'Doing Business' 2020 By www.tax-news.com Published On :: Fri, 8 Nov 2019 00:00:00 GMT New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world. Full Article
bank Tax-News.com: New Zealand Tops World Bank's 'Doing Business' 2020 By www.tax-news.com Published On :: Fri, 8 Nov 2019 00:00:00 GMT New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world. Full Article
bank Tax-News.com: IoM Budget Includes Plan For Bank Tax By www.tax-news.com Published On :: Thu, 22 Feb 2018 00:00:00 GMT The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year. Full Article
bank Press Release: World Bank Lead Economist to Head Premier Global Research Institute Addressing Water Issues By www.iwmi.cgiar.org Published On :: Tue, 02 May 2017 06:53:47 +0000 Dr Claudia W. Sadoff announced as IWMI's next director general. Full Article Media Releases Z-News Claudia Sadoff Director General World Bank
bank Blogs.WorldBank.org: Secrets to successful irrigation management from Central Asia By www.iwmi.cgiar.org Published On :: Thu, 21 Jun 2018 03:45:40 +0000 About 60 percent of the region’s people are employed by the agricultural sector, which depends almost entirely on irrigation. Full Article Asia News Central Asia News IWMI in the news Regional News Z-Featured Content Z-News Agriculture central asia irrigation management sustainable development Tajikistan
bank ICICI Bank Limited - Updates By feedproxy.google.com Published On :: Sat, 09 May 2020 05:20:00 PDT ICICI Bank Limited has informed the Exchange regarding 'Information for the half year ended March 31, 2020'....... Full Article
bank Kotak Mahindra Bank Limited - Updates By feedproxy.google.com Published On :: Sat, 09 May 2020 05:54:00 PDT Kotak Mahindra Bank Limited has informed the Exchange regarding 'Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose a...... Full Article
bank Kotak Mahindra Bank Limited - Financial Results By feedproxy.google.com Published On :: Thu, 07 May 2020 07:40:00 PDT To consider and approve the financial results for the period ended...... Full Article
bank HDFC Bank's Aditya Puri Ranked 36th In Fortune's Top Bizmen List By feedproxy.google.com Published On :: HDFC Bank's Aditya Puri has been ranked 36th in the US magazine Fortune's top 50 business persons list for 2016, and is the only Indian among three persons of Indian origin in the global rankings. Full Article
bank AU Small Finance Bank Limited- Result Declared for Fourth Quarter By feedproxy.google.com Published On :: Fri, 08 May 2020 02:17:27 PDT Audited result for Non-Cumulative Full Article
bank AU Small Finance Bank Limited- Result Declared for Annual By feedproxy.google.com Published On :: Fri, 08 May 2020 02:17:28 PDT Audited result for Cumulative Full Article
bank Listing of further issues of AU Small Finance Bank Limited, Axis Bank Limited, Bandhan Bank Limited, Damodar Industries Limited and Max Financial Services Limited By feedproxy.google.com Published On :: Thu, 07 May 2020 11:30:00 PDT Full Article
bank Chartered Accountant- Ludhiana (CA, 5-10 yrs PQ Exp,Fund flow,Bank Loans,WC,Taxation,Finance) By jobs.monsterindia.com Published On :: 2017-02-24 11:16:56 Company: P & I Management ConsultantsQualification: Chartered Accountancy (C.A)Experience: 5 to 10location: LudhianaRef: 20200595Summary: CA with 8 yrs PQ experience in Finance, Bank Loans,Budgeting,fund flow,WC management. Liaison with banks/Govt. bodies/Financial Institutions to raise fund and get approvals and.... Full Article
bank Relationship Manager - Premium Accounts | On Bank Payroll-No 1 Pvt Bank By jobs.monsterindia.com Published On :: 2020-05-08 12:07:38 Company: Hy Fly ConsultancyExperience: 2 to 12Salary: 2.40 to 4.50location: Mumbai, Mumbai City, Navi Mumbai, ThaneRef: 24827006Summary: Relationship Officer | Branch Banking | On Bank Payroll-No 1 Pvt Bank call 9022157571 - Kiran Full Article
bank Specialist Busness Information Research Investment Banking By jobs.monsterindia.com Published On :: 2020-05-08 17:03:54 Company: Golden Opportunities Private LimitedExperience: 6 to 10location: ChennaiRef: 24827453Summary: Description JOB Role: Subject Matter Expert in Business Information Research for Investment Banks, well versed with secondary databases such as Good working knowledge of Capital IQ, Thomson One, Thomson Eikon, Factiva,.... Full Article
bank 'We're not going anywhere': Gold's Gym as it files for bankruptcy By Published On :: Tue, 05 May 2020 23:19:33 +0530 Gold's Gym is one of the biggest names in the industry to file for bankruptcy due to the economic slowdown caused by coronavirus lockdown. Full Article
bank Legal –Retail Banking –Commercial Banking-MORTGAGES for a BANK in Hyderabad By jobs.monsterindia.com Published On :: 2020-04-06 12:06:19 Company: One March IndiaQualification: Bachelors of Law (B.L/L.L.B)Experience: 5 to 10Salary: 6.00 to 10.00location: Hyderabad / SecunderabadRef: 24789982Summary: The Code- Legal –Retail Banking –Commercial Banking”” • Location – Hyderbad • Present Salary/CTC (Fixed+ Variables) •.... Full Article
bank Promoters of Ram Dev International flee India, SBI files complaint against 411-cr bank loan fraud By Published On :: Sat, 09 May 2020 18:11:09 +0530 The company had three rice milling plants, besides eight sorting and grading units in Karnal district with offices in Saudi Arabia and Dubai for trading purposes, the SBI complaint said. Full Article
bank Secretary-General in Moscow, for the G20 Finance Ministers and Central Bank Governors meeting (14th - 16th February 2013) By www.oecd.org Published On :: Tue, 12 Feb 2013 10:58:00 GMT The Secretary-General of the OECD will be in Moscow from 14th to 16th February 2013, to attend the G20 Finance Ministers and Central Bank Governors meeting organized under the Chairmanship of the Russian Federation. Full Article
bank Bank Ltd | Virtual Relationship Manager/Phone Banking Officer salary 24k By jobs.monsterindia.com Published On :: 2020-05-09 13:02:58 Company: Hy Fly ConsultancyExperience: 1 to 11Salary: 1.50 to 3.60location: Mumbai, Mumbai City, Navi Mumbai, ThaneRef: 24828195Summary: 5 Days Working Bank Payroll fixed Shift-Customer Service Executive -Thane Malad call 8080126356 Kiran Full Article
bank Banking Operations Manager Req. for CANADA & AUSTRALIA By jobs.monsterindia.com Published On :: 2019-10-16 17:03:16 Company: Pear Visa Immigration Services Private LimitedExperience: 2 to 9Salary: 67.50 to 78.20location: Australia, CanadaRef: 24193250Summary: Should understand Bank Manager job duties & ready to relocate to CAN | AUS Full Article
bank OECD World Bank Economy wide PMR Indicators By www.oecd.org Published On :: Thu, 14 Nov 2019 11:40:00 GMT OECD World Bank Economy wide PMR Indicators Full Article
bank Revenue bodies and banks move towards transparent compliance By www.oecd.org Published On :: Tue, 11 Oct 2011 00:00:00 GMT Officials from revenue bodies, the banking sector and OECD met in Rome on 10-11 October to discuss ways to enhance the relationship between tax administrations and the banking industry and thus improve tax compliance. Full Article
bank OECD report on bank secrecy to finance ministers at G20 Summit By www.oecd.org Published On :: Fri, 04 Nov 2011 00:00:00 GMT A report on bank secrecy and tackling tax evasion presented by OECD Secretary-General Angel Gurría to finance ministers at the Cannes G20 summit today. Full Article
bank OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Chengdu, China) - July 2016 By www.oecd.org Published On :: Sun, 24 Jul 2016 18:00:00 GMT This report consists of two parts. Part I is a report by the OECD Secretary-General regarding (A) the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project; (B) Tax transparency; (C) Tax policy tools to support sustainable and inclusive growth; and (D) Tax and development. Part II is an updated Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
bank OECD releases discussion draft on approaches to address BEPS involving interest in the banking and insurance sectors By www.oecd.org Published On :: Thu, 28 Jul 2016 11:00:00 GMT Interested parties are invited to provide comments on a discussion draft which deals approaches to address BEPS involving interest in the banking and insurance sectors under Action 4 (Interest deductions and other financial payments) of the BEPS Action Plan. Full Article
bank Public comments received on the discussion draft on approaches to address BEPS involving interest in the banking and insurance sectors under Action 4 By www.oecd.org Published On :: Thu, 15 Sep 2016 15:00:00 GMT The OECD publishes comments received on the discussion draft on approaches to address BEPS involving interest in the banking and insurance sectors under Action 4. Full Article
bank OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Washington DC) - October 2016 By www.oecd.org Published On :: Fri, 07 Oct 2016 15:00:00 GMT This report consists of two parts. Part I is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Part II is an update report by the OECD Secretary-General regarding tax transparency, with a focus on beneficial ownership information. Full Article
bank OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Baden-Baden, Germany) - March 2017 By www.oecd.org Published On :: Sat, 18 Mar 2017 11:57:00 GMT This report consists of two parts. Part I is an update report by the OECD Secretary-General regarding the latest developments in the international tax agenda, including (Annex 1) the joint OECD/IMF Report on Tax Certainty. Part II is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
bank Panama joins international tax co-operation efforts to end bank secrecy By www.oecd.org Published On :: Mon, 15 Jan 2018 12:00:00 GMT Today, at the OECD Headquarters in Paris, the Director-General of Revenue and the delegated Competent Authority of Panama, Publio Ricardo Cortés, has signed the CRS Multilateral Competent Authority Agreement (CRS MCAA), in presence of OECD Deputy Secretary-General Masamichi Kono. Full Article
bank OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Buenos Aires, Argentina) - March 2018 By www.oecd.org Published On :: Tue, 20 Mar 2018 16:00:00 GMT This report outlines the activities and achievements of the OECD’s tax agenda, while looking ahead at the further progress needed, in particular through the OECD/G20 Inclusive Framework on BEPS. It also provides a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
bank OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Buenos Aires, Argentina) - July 2018 By www.oecd.org Published On :: Sun, 22 Jul 2018 12:00:00 GMT This report contains two parts. Part I is a report on the activities and achievements of the OECD’s tax agenda, and is made of two subparts: looking back at significant achievements and looking ahead at the further progress needed, in particular through the OECD/G20 Inclusive Framework on BEPS. Part II is a Progress Report to the G20 by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
bank OECD and World Bank call for whole-of-government approach to combating tax evasion and corruption By www.oecd.org Published On :: Mon, 22 Oct 2018 15:00:00 GMT Countries must step up work to ensure that tax authorities and anti-corruption authorities can effectively co-operate in the fight against tax evasion, bribery, and other forms of corruption, according to a joint OECD/World Bank report. Full Article
bank OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Fukuoka, Japan) - June 2019 By www.oecd.org Published On :: Sat, 08 Jun 2019 02:00:00 GMT This report contains two parts. Part I reports on the activities and achievements in the OECD’s international tax agenda. Part II reports on the activities and achievements of the Global Forum on Transparency and Exchange of Information for Tax Purposes. Full Article
bank Global Forum and World Bank support Madagascar in implementing the international tax transparency standards By www.oecd.org Published On :: Mon, 10 Feb 2020 11:01:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) and the World Bank carried out a technical assistance mission in Antananarivo on 20-24 January 2020 to assist Madagascar in the implementation of the international tax transparency standards. Full Article
bank Global Forum and Asian Development Bank delivered a training in Georgia on the implementation of the international tax transparency standards By www.oecd.org Published On :: Thu, 13 Feb 2020 13:00:00 GMT The Global Forum and the Asian Development Bank held a joint training event on the Exchange of Information on Request Peer Reviews and Implementation of the Automatic Exchange of Information Standard from 17 January to 31 January 2020 in Tbilisi, Georgia. Full Article
bank OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (Riyadh, Saudi Arabia) - February 2020 By www.oecd.org Published On :: Fri, 14 Feb 2020 11:00:00 GMT Part I reports on the activities in the OECD's international tax agenda, in particular the progress made in addressing the tax challenges arising from the digitalisation of the economy. It also provides an update on G20 tax deliverables including tax transparency, implementation of BEPS measures & capacity building to support developing countries. Part II reports on the activities of the Global Forum. Full Article
bank The Global Forum and the African Development Bank strengthen their collaboration By www.oecd.org Published On :: Tue, 03 Mar 2020 15:19:00 GMT The Global Forum on Transparency and Exchange of Information for Tax Purposes visited the Headquarter of the African Development Bank (AfDB) on 3-4 February 2020 to discuss the tax transparency agenda in Africa. Full Article
bank Burundi Banks Balance Sheet By tradingeconomics.com Published On :: Wed, 26 Feb 2020 18:33:00 GMT Banks Balance Sheet in Burundi increased to 2799773 BIF Million in October from 2785701.40 BIF Million in September of 2019. Banks Balance Sheet in Burundi averaged 1969860.79 BIF Million from 2015 until 2019, reaching an all time high of 2799773 BIF Million in October of 2019 and a record low of 1447265.50 BIF Million in January of 2016. This page provides - Burundi Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news. Full Article