Karnataka Bank share price falls 5% on poor Q3 numbers

Karnataka Bank share price fell more than 5 percent intraday on January 17 after the company reported a poor set of numbers for the quarter ended December 2019. The bank has reported 12.3 percent fall in its Q3 net profit at Rs 123.1 crore versus Rs 140.4 crore, while its net interest income (NII) was […]

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China’s economic growth slows to 6.1% in 2019, near 30-year low

China’s economy grew 6.0 percent in the fourth quarter of 2019 from a year earlier, official data showed on January 17, in line with expectations and steadying from the previous quarter’s pace. The growth rate continued to hover at the weakest in nearly three decades. The world’s second-largest economy grew an annual 6.1 percent in […]

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Yes Bank tumbles 7% on Moody’s ratings review; AGR verdict a negative

Yes Bank share price declined nearly 7 percent intraday on January 17 after Moody’s placed the stock’s rating under review. On January 17, Moody’s Investors Service placed the bank’s long-term foreign-currency issuer rating of B2 under review, with the direction uncertain, reported CNBC-TV18. Also, brokerages fear that bank will take a hit on exposure to […]

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Titan shares climb 2%, eye extending gains into third session in a row

Shares of Titan Company climbed over 2 percent on BSE in morning trade on January 15 and looked on course to extend the winning run into the third consecutive session. The stock has been on an upward trajectory as the shareholding pattern of the company showed ace investor Rakesh Jhunjhunwala and his wife increased stake […]

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L&T Infotech shares jump almost 7%, hit 52-week high ahead of Q3 results

Shares of Larsen & Toubro Infotech surged 6.63 percent on BSE to hit their fresh 52-week high of Rs 2,002.80 in the morning trade of January 15 ahead of its December quarter results scheduled for later today. The company is expected to report a healthy set of numbers, brokerages said. “We expect revenue growth to […]

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Yes Bank acquires stake in Reliance Power arm, share price up 5%

Yes Bank share price jumped 5 percent intraday on January 15 after the private lender acquired 30 percent stake in a Reliance Power subsidiary. The company acquired 127,321,500 equity shares having a nominal value of Rs 10 per share, constituting approximately 29.97 percent of the post-issue paid-up share capital of Rosa Power Supply Company, a […]

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Wipro Q3 profit falls 3.8%, sees Q4 IT services cc revenue growth at 0-2%

Software services provider, Wipro on January 14 registered a 3.8 percent sequential decline in consolidated profit at Rs 2,455.9 crore for the quarter ended December 2019. However, total revenue from operations grew 2.3 percent sequentially to Rs 15,470.5 crore, the company said in its BSE filing. Generally, analysts track company’s IT services business which increased […]

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Bandhan Bank Q3: Net profit spikes 121% YoY, misses Street estimates

Private lender Bandhan Bank reported a net profit of Rs 731 crore for the December quarter of the financial year 2020 on January 14 against Rs 331.27 crore reported in the same quarter of the previous year. The profit saw nearly a 121 percent year-on-year (YoY) rise, while quarter-on-quarter (QoQ), the numbers were down by […]

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Gold dips to near two-week low as risk-on mode dominates

Gold prices fell to their lowest in nearly two weeks on Tuesday as risk appetite was whetted by stronger-than-expected China economic data and the imminent signing of a preliminary U.S.-China trade deal. Spot gold dipped 0.6% to $1,538.84 per ounce by 0459 GMT. Earlier in the day, prices touched their lowest since Jan. 3 at […]

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Wholesale price-based inflation rises to 2.59% in Dec

Wholesale price-based inflation rose to 2.59 percent in December against a rise of 0.58 percent in November. The rate of price rise for food articles rose to 11.46 percent in December against 11 percent in November while, for non-food articles, it increased to 7.72 percent in December against 1.93 percent in November, according to the […]

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