The count of active cases across India has seen a net reduction of 14437, compared with 12526 on Sunday. The total now stands at 653,717, the lowest active case tally since August 13
Stressed loans would require Rs 1,300 core in the current year, Yes Bank MD Prashant Kumar said, adding that the bank has âadequate provisionsâ of Rs 1,900 crore for NPAs arising due to the pandemic
Reliance Industries, too, dipped 2 per cent on the BSE
Covid infections reported in India in a span of 24 hours dropped below 50,000 for the second time this month, while the new fatalities registered during the same period fell under 500 after 108 days
US Secretary of State Michael Pompeo has left for India for the third edition of the 2+2 ministerial dialogue to be held in New Delhi
As people travel compulsively to beat lockdown boredom, resort properties see a surge in demand. Experts say during weekends, occupancy rates are as high as 80%. Jaipur, Goa, and Kochi top most popular leisure destinations.
In Q2FY21, the company's Ebitda grew 16 per cent year on year at Rs 312 crore, and margin improved 272 basis points to 14.76 per cent over the previous year quarter
Reliance Industries was the top laggard in the Sensex pack, shedding around 2%, followed by Tata Steel, Bajaj Finance, Asian Paints, M&M, ICICI Bank and Bajaj Finserv.
The company, on Friday, reported a 5.3 per cent year-on-year (YoY) decline in its net profit at Rs 1,064 crore for the September quarter.
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A sample of 232 companies that declared results for the September quarter reported 23.3 per cent year-on-year growth in the aggregate net profit, the highest in nine quarters.
Over the past few years, Raymond has been deleveraging its balance sheet with asset monetisation and internal accruals. The company has brought down long-term borrowing ratio to total borrowings to 27% in 2019-20 from 51% in FY18, helped by land sale by its associate company.
After having been imposed on March 25, the lockdown has been eased in stages. Most companies have seen a steady improvement in demand since then, with rural areas performing better on the strength of good monsoon rain.
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In the quarter ended September, the bank converted 35 rural branches into low-cost business correspondent centres which together with other measures like digitisation and renegotiating contracts with vendors helped in reducing total operating expenses by 21%, contributing to its profit. Kumar said such measures will continue.
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The filing comes as the court considers the legality of the administration's bid to make the Chinese-owned app unavailable in the United States, where it has 100 million users.
Trump's fracking play comes as polls show the president is struggling to overtake Biden in Pennsylvania and is in need of a boost from the rural and exurban white voters who helped him to a narrow victory in Pennsylvania in 2016.
Trump's campaign has been pushing its voters to cast ballots early, but with limited success, delighting Democrats.
The government's weekly cabinet meeting also endorsed sending an agreement on establishing diplomatic relations with Bahrain to parliament for its go ahead, the statement further said.