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19/03/2023

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03/07/2022

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Shares of Sansera Engineering hit a newlow of Rs 681.20 after they slipped 9 per cent on the BSE in Tuesday's intra-day ...
08/02/2022

Shares of Sansera Engineering hit a new
low of Rs 681.20 after they slipped 9 per cent on the BSE in Tuesday's intra-day trade after the company's consolidated net profit more-than-halved to R 23.9 crore in December quarter (Q3FY22). This was due to its weak operational performance. The auto component company had posted profit of Rs 50.6 crore in the year-ago quarter.

In Q3FY22, the compan's total revenue declined 3 per cent to Rs 487 crore from Rs 501 crore in the corresponding
quarter of the previous fiscal. Earnings before interest tax and depreciation and amortization (Ebitda) margin
contracted 520 bps at 15.6 per cent, driven by a fall in gross profit, higher employee cost, partially offset by lower
other expenses.

The company said gross margins declined 3.4 per cent primarily due to lag in price increase on domestic sales, decrease in other operating income and slight squeeze in margins on international revenues due to higher raw
material prices.

Source:- Moneycontrol

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Gautam Adani, the Indian billionaire whoturned a small commodities trading business into a conglomerate spanning ports, ...
08/02/2022

Gautam Adani, the Indian billionaire who
turned a small commodities trading business into a conglomerate spanning ports, mines and green energy, is
now Asia's richest person.

The 59-year-old mogul's net worth reached $88.5 billion on Monday, according to the Bloomberg Billionaires Index, eclipsing fellow countryman Mukesh Ambani's $87.9 billion. With an almost $12 billion jump in his personal
fortune, Adan is the world's biggest wealth-gainer this year.

Source: Mint

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India's pioneering digital paymentsstartup Paytm is gradually regaining the confidence of some analysts after it had one...
08/02/2022

India's pioneering digital payments
startup Paytm is gradually regaining the confidence of some analysts after it had one of the worst debuts by a
major technology company less than three months ago.

Buy recommendations on One 97 Communications Ltd., the operator of Paytm, climbed to four this week, up from
just two at the start of the year, while sell ratings have remained unchanged at three, according to data compiled
by Bloomberg. It's the first time bulls outnumbered bears since the company's disastrous initial public offering in
Mumbai during November.

In the most-recent vote of confidence, Goldman Sachs analysts led by Manish Adukia raised their rating to buy
from neutral, after Paytm's December quarter revenue surprised the market. The investment bank's target price
of 1,460 rupees implies a gain of more than 50% from Monday's close.

Source: Business Standard

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After many quarters of turbulence due toCOVID-19, the sky is looking clearer for InterGlobe Aviation. The company has po...
07/02/2022

After many quarters of turbulence due to
COVID-19, the sky is looking clearer for InterGlobe Aviation. The company has posted a very strong set of numbers for the quarter that ended in December 2021.
Indigo saw a significant growth in passenger traffic and load factor. Interestingly, the airline saw a significant
expansion in the operating margin despite rise in fuel prices.

With the impact of Covid-19 waning, IndiGo's operating performance continues to improve on a sequential basis. In
fact, the company has posted a significant growth when compared with the same period of last year as well.

The company's net revenue from operations grew 66 percent quarter on quarter (Q0Q) and 89.3 percent year on
year (YoY), led by an increase in demand following increased vaccination and the weakening of the pandemic.

Source: Money Control

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State-owned Bank of Baroda reportedover two-fold jump in its net profit at Rs 2,197 crore in the quarter ended December ...
06/02/2022

State-owned Bank of Baroda reported
over two-fold jump in its net profit at Rs 2,197 crore in the quarter ended December 2021 on higher net interest income (NIl) and lower provisions. The bank's net profit was at Rs 1,061 crore in the year-ago period.

The bank's operating profit also rose, albeit by a modest 8 per cent, to Rs 5,483 crore against Rs 5,084 crore. A 64
per cent fall in treasury income at Rs 499 crore dented the rise in operating profit.

Source - Economic Times

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In just 18 months, the oil market hasmoved from a demand side problem to a supply side one. From a once in a lifetime ev...
06/02/2022

In just 18 months, the oil market has
moved from a demand side problem to a supply side one. From a once in a lifetime event of oil futures prices becoming negative on April 20, 2020, oil prices have now crossed $91 a barrel with analysts expecting it to reach $125 a barrel by the end of the year.

Rising inflation across the globe is prompting central bankers to increase interest rates and suck back liquidity
from the market, while at the same time rising oil prices will only aggravate the situation.

The OPEC+ group agreed to stick to moderate rises in its oil output. The alliance maintained its plan of seven months of increasing oil production pragmatically irrespective of the sharp rise in oil prices.There will be no additional supplies beyond the previously agreed 400,000 b/d monthly.

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Digital payments company Paytmoperator One 97 Communications' consolidated loss widened to Rs 778.5 crore in the quarter...
05/02/2022

Digital payments company Paytm
operator One 97 Communications' consolidated loss widened to Rs 778.5 crore in the quarter ended December
2021, against Rs 535.5 crore loss posted in the year-ago period, though there was a significant increase in the topline.

The loss for the September 2021 quarter was Rs 473.5 crore, said the company in its BSE filing.

Consolidated revenue from operations grew by 89 percent to R$ 1,456.1 crore for December 2021 quarter, against Rs 772 crore recorded in the corresponding period of the last fiscal. The sequential increase in topline was 34 percent.

Source - Money Control

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State Bank of India's (SBI)Chairman Dinesh Kumar Khara on Friday said that all the requisite approvals for setting up of...
29/01/2022

State Bank of India's (SBI)
Chairman Dinesh Kumar Khara on Friday said that all the requisite approvals for setting up of National Bad Assets Company have been received. As many as 15 accounts will be transferred to NARCL in this financial year, he added while addressing a virtual press conference.
A total of 38 accounts worth 830 billion rupees have been identified to be transferred to the National Bad
Bank. Further, all assets being transferred are fully provided for and there will be no impact on provisioning for banks, Khara said

Source: Mint

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27/01/2022

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03/01/2022

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