Equity indices erase gains, financials drag
News | June 30, 2021 21:06 ISTEquity benchmark indices shaved early gains to end flat on June 30 as the last day of Q1 FY22 came to a close amid the second wave of Covid-19 pandemic.
Equity benchmark indices shaved early gains to end flat on June 30 as the last day of Q1 FY22 came to a close amid the second wave of Covid-19 pandemic.
Equity gauges scaled upward on Thursday with banking and financial taking the lead.
Bajaj Finance on Tuesday reported 19 per cent decline in March quarter consolidated net profit at Rs 948 crore due to COVID-19 crisis. The company had registered a profit of Rs 1,176 crore in January-March 2018-19, according to a company statement.
As per the fresh rules mandated by the Reserve Bank of India, all financial institutions in India must now link their new home loan prices to a new external benchmark, namely the MCLR. This new regulation was implemented at the tail end of RBI’s 5th consecutive repo rate cut for FY2019. With these fundamental shifts in lending, home loan interest rate is expected to become much cheaper for borrowers in the near future.
As per World Bank’s report, around 80% of industrial enterprises comprises of small, medium & micro-enterprises and employ over 117 million individuals and accounts for 40% of nations manufacturing output.
Mumbai, Oct 20: Bajaj FinServ, the financial services arm of the Bajaj Group, has reported a more than two-fold rise in net profit to Rs 158 crore in the September quarter on the back of
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