Priyanka Roy, Author at - Page 17 of 18

28 Apr

Yes Bank net profit flourish 123% quarter-on-quarter to Rs 452 crore in Q4

Priyanka Roy0 CommentsBusiness

Yes Bank Q4 Results Highlights: Indian private lender Yes Bank reported a significant 123% year-on-year growth in net profit for the fourth quarter (Q4) of FY24,increased to ₹452 crore from ₹202.4 crore in the same quarter last year, well above analysts' expectations. Sequentially, profits increased 95.2% from the previous quarter, according to the earnings report dated April 27, 2024. Net interest margin (NIM) remained stable at 2.4% for Q4FY24, in line with the previous quarter. The bank experienced strong growth in non-interest income, With a growth of 56.3% year-on-year and 31.3% quarter-on-quarter growth in Q4FY24, Resulting in 38.8% year-on-year growth for FY24. CEO…

27 Apr

HCL’s revenue grew 5% in FY24

Priyanka Roy0 CommentsBusiness

Bengaluru: HCL Tech's revenue grew 5% in constant currency for FY20, showing a significant decline from the 13.7% growth recorded in the previous year. The company's operating margin endure stable at 18.2% year-on-year. HCL Tech CEO C Vijay Kumar said, “We reacted with agility and maintained good momentum in the services and software businesses. Our operating margin is in line with our guidance, ending the year at 18.2% margin. Over the next year (FY25), “we expect consolidation on both the demand and supply fronts.” On a sequential basis, the company's profit saw a marginal increase of 0.3 in constant currency. However, its…

26 Apr

SBI Life Insurance Q4 results: Net profit rises 4 % to Rs 810 crore

Priyanka Roy0 CommentsBusiness, India

SBI Life Insurance on April 26 reported net profit of Rs 810 crore for the March quarter, up 4 ℅ from the year-ago period. The insurer's net premium income stood at Rs 25,116 crore as against Rs 19,896 crore last year. The solvency ratio fell to 1.96 percent as against 2.15 percent last year. For the year ending March 2024, the insurer's annual premium equivalent (APE) stands at Rs 19,720 crore with 17 per cent year-on-year growth. The value of new business margin (VNB) for the year stood at 28.1 percent. The insurer's total assets under management stood at Rs…

25 Apr

Axis Bank approves reappointment of Amitabh Chaudhary as CEO for 3 years

Priyanka Roy0 CommentsBusiness, India

This will be his second extension of three years. His last extension took effect from January 1, 2022. Chaudhary joined the bank in 2019 as MD and CEO. Before this he was the MD and CEO of HDFC Life. Axis Bank on Thursday said its board has approved the reappointment of Amitabh Chaudhary as MD and CEO for three years from January 1, 2025. This will be his second extension of three years. His last extension took effect from January 1, 2022. Chaudhary joined the bank in 2019 as MD and CEO. Before this he was the MD and CEO…

24 Apr

RBI action on Kotak Mahindra Bank; Bars are adding new customers through online, mobile banking and issuing new credit cards

Priyanka Roy0 CommentsBusiness, Economy

The RBI said the bank has been found lacking in its IT risk and information security governance for the years 2022 and 2023.The Reserve Bank of India (RBI) on Wednesday (April 24) directed Kotak Mahindra Bank to stop adding new customers through its online and mobile banking channels, and Also, issuance of new credit cards was banned with immediate effect.The RBI said the bank has been found lacking in its IT risk and information security governance for the years 2022 and 2023.

23 Apr

Sources : SEBI has found Adani’s foreign investors guilty of violating disclosure rules

Priyanka Roy0 CommentsBusiness, India

India's markets regulator found that twelve offshore funds investing in Adani Group companies violated disclosure rules and exceeded investment limits, Reuters reported. In August last year, Reuters had initially revealed that Sebi had detected violations of rules regarding disclosures by listed entities and restrictions on offshore fund holdings. Additionally, the regulatory authority was investigating links between Adani Group and a fund to ascertain whether there was possible coordination with the group's primary shareholders, an allegation Adani had previously rejected. Earlier this year, sources revealed that the regulator had issued notices to twelve offshore investors linked to the Adani Group, detailing…

22 Apr

Reliance Jio Q4 results: Net profit rises 13% year-on-year to ₹5337 crore

Priyanka Roy0 CommentsBusiness, Economy, India

Reliance Jio Q4 results: Net profit rose 13% year-on-year to ₹5337 crore during the quarter ending March'2024. Sequentially, net profit growth during the December'2024 quarter was 2.47% lower at ₹5208 crore. Reliance Jio's revenue during the March quarter stood at ₹25959 crore, however, an increase of 10.96% compared to ₹23394 crore during the year-ago quarter. Still, on a sequential basis, revenue growth was marginal compared to ₹25,368 crore in the December quarter.

21 Apr

Developers spending double on premium housing as affordable launches stall

Priyanka Roy0 CommentsBusiness, Economy, India

With decreasing levels of inventory, there appears to be a bias towards the premium end of the market. The demand for larger housing in India's residential real estate sector is set to increase over the next decade, this is in line with a significant shift seen in the last five years, where there has been a staggering 1,000% increase in launches of high-end residential units priced above Rs 1.5 crore between 2019 and 2023. Meanwhile, new launches of units priced below Rs 75 lakh, including affordable housing, remained stable across the top seven cities in the country, while sales increased…

20 Apr

GMP feels that there will be more than 80 percent profit on this Rs 50 share on the first day

Priyanka Roy0 CommentsBusiness, Economy, Today

Greenhitech Ventures shares can make investors rich on the very first day. Shares of Greenhitech Ventures can make a profit of more than 80 percent on the day of listing. People have invested a lot of money on the IPO of the company. Greenhitech Ventures' IPO total has been subscribed more than 769 times. The price of shares of the company in IPO is Rs 50. At the same time, shares of Greenhitech Ventures are trading at a huge premium in the gray market. The Gray Market Premium (GMP) of the company's shares is indicating that people can make huge…

19 Apr

Bajaj Auto, 35% increment in fourth quarter standalone profit at Rs 1,936 crore

Priyanka Roy0 CommentsBusiness, India

NEW Delhi : Bajaj Auto on Thursday March 31, 2024 reported 35% rise in fourth quarter standalone profit at Rs 1,936 crore. The Pune based company had reported a profit after tax of Rs 1,433 crore in the January to march quarter of fiscal 2022-23. Revenue from operations rose 29% to Rs 11,485 crore in the fourth quarter, compared to Rs 8,905 crore in the year ago period. For the year ending March 31, 2024, the company reported a 33 percent rise in profit after tax at Rs 7,479 crore from Rs 5,628 crore in fiscal 2023. Revenue from operations…