JioBharatJio

Jio Financial demerger: RSIL listed at Rs 261.85 a share, much higher than estimates

Reliance Strategic Investments (RSIL) shares were trading at 261.85 rupees at the end of the stock exchange’s special session, well above analyst expectations of 160-190 rupees. RSIL He plans to branch off from RIL on July 20th. The company will be renamed Jio Financial Services (JFS) and listed on the stock exchange at a later …

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L&T Finance RoA crosses FY26 target in Q1 FY24, brokerages cheer

Non-bank financial firm L&T Finance Holdings’ retail net profit rose 176 per cent year-on-year to Rs 533 billion on the back of stable net interest margins and fees and lower borrowing costs, according to a press release. Shares of L&T Finance Holdings rose 3% on July 20 after it managed to hit some of its …

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ICICI Pru Life slumps 4% as premium growth falters, but brokerages stay bullish

ICICI Prudential Life Insurance’s share price rose in July, a day after the insurer reported that its Annualized Premium Equivalent (APE) for the quarter ended June 2023 fell 4% year-on-year to Rs 1,461 billion. It fell more than 3% on the 19th. The amount equivalent to annual insurance premiums serves as a guideline for new …

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Avanti Feeds shares gain after foray into pet care segment

Shares of Avanti Feeds rose slightly on July 19 after the company established a subsidiary, Avanti Pet Care Private Limited, to expand into manufacturing and marketing pet food and pet care products. In its regulatory filings, the company said, “This subsidiary sells, among other things, pet health products such as pet food and feed, pharmaceuticals, …

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Opposition’s INDIA embraces Bharat in ‘Jeetega…’ slogan for 2024 alliance

The united alliance of the opposition parties which is now known as INDIA – Indian National Developmental Inclusive Alliance will have the slogan `Jeetega Bharat (India will win)’ which will have its regional translations, news agency PTI reported citing sources. After the new name was coined, Rahul Gandhi in his tweet dropped hints of the …

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Public sector banks yet to regain all-time highs after recent rally, surge in m-cap

Shares of many state-owned banks have struggled to hit record highs in recent gains, but some have risen 50-90%. Market capitalizations of most public banks are at record highs, but share prices have not reached record levels. For example, the market capitalization of Bank of Baroda has now risen to Rs 103 crore. Still, the …

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IndusInd Bank hits 52-week high on Q1 earnings, brokerages revise targets

IndusInd Bank shares rose 4% in early trading on July 19 to a 52-week high of 1,443.40 rupees, helped by the bank’s strong April-June earnings. . Most brokerages also welcomed the strong financial data, which helped improve investor sentiment. As of 9:20 am, Indus India Bank was up 3.2%, trading at Rs 1,435 on the …

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Infosys up 2%; co signs AI, automation deal with strategic client

Infosys’ share price rose 2% to Rs 1,445.35 at 9:20 am after the company announced that it had signed a multi-year deal with one of its strategic customers providing AI and automation services. “Infosys has signed a framework agreement with one of our existing strategic customers to provide development, modernization and maintenance services leveraging AI …

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Four terrorists killed in encounter with security forces in Jammu and Kashmir’s Poonch

The first skirmish between security forces occurred around 11:30 pm, after which drones were deployed along with other night surveillance equipment. Security forces killed four terrorists in a joint operation with Jammu and Kashmir police in the Syndhara district of Poonch on Tuesday. Police said the joint operation began Monday night in the upper Sindara …

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