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Stocks In News

 

NEW INDIA ASSURANCE Q2 REVIEW

PAT at Rs 748 Cr Vs Rs 260 Cr, up 187%

Gross Premium written at Rs 6489 Cr Vs Rs 5784 Cr, up 12.18%

Solvency Margin at 2.24x Vs 2.04x

CARE RATINGS Q2 REVIEW

Revenue From Ops at Rs 91 Cr Vs Rs 81 Cr, Up 12.4% YoY

PAT at Rs 48.3 Cr Vs Rs 47.4 Cr, Up 2% YoY

Operating Profit up 10.5%

Addition of 1077 new clients 2410 issue rated during the quarter

WONDERLA HOLIDAYS Q2 REVIEW

Net Sales down 0.6% at Rs 51.2 Cr Vs Rs 51.4 Cr

EBITDA up 9% at Rs 12.9 Cr Vs Rs 11.8 Cr

EBITDA Margin at 25.2% Vs 23%

Net Profit down 38% at Rs 2.3 Cr Vs Rs 3.7 Cr

Tax rate at 35% Vs 3.8%

All numbers compared on YoY unless specified otherwise 

  • SENSEX

    33,342.80 235.98   (0.71 %)
  • NIFTY

    10,283.60 68.85   (0.67 %)
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News In Brief

 

    Regulators must focus on risks, not specific firms: U.S. Treasury

    Washington: The US Treasury Department said on Friday regulators should refrain from singling out large non-bank financial firms for tougher scrutiny, and focus instead on closely monitoring risks across the whole financial system. 

    The eagerly awaited policy recommendation marks another win for the financial industry, which has been lobbying to change the current process of designating individual firms as “systemically risky,” which they say is opaque and arbitrary.

    (Reuters)

    S&P, Dow open lower as health, tech stocks weigh

    Bengaluru: The Dow and the S&P 500 opened lower on Friday, led by losses in healthcare and technology stocks.   

    The Dow Jones Industrial Average .DJI fell 49.5 points, or 0.21 percent, to 23,408.86. The S&P 500 .SPX lost 3.83 points, or 0.148126 percent, to 2,581.81. The Nasdaq Composite .IXIC added 1.00 points, or 0.01 percent, to 6,794.29.

    (Reuters)

    Russia says humiliating to go to Olympics without flag: RIA

    Moscow: Russia’s deputy prime minister Vitaly Mutko said that it would be unacceptable and humiliating for Russia to take part in the Winter Olympics in South Korea without the national flag and anthem, RIA news agency reported on Friday. 

    The International Olympic Committee is set to decide on Russia’s participation in the Winter games at its executive board meeting on Dec. 5-7. Russian athletes may be only allowed to compete as neutrals at the Olympics due to doping allegations. Mutko said that Russia is ready to cooperate with the World Anti-Doping Agency, but the other side should show willing too.

    (Reuters)

    Vivendi's music unit UMG has a value of more than $40 billion, CEO says

    Barcelona: Vivendi deems that its music unit has a value of more than $40 billion, driven by the success of music streaming platforms such as Spotify, chief executive Arnaud de Puyfontaine said on Friday. 

    Gaillard Asked about UMG’s valuation at the Morgan Stanley annual conference on Tech, Media and Telcoms, Puyfontaine said that he saw an estimate this week that valued the division at $40 billion. “I wouldn’t put a number but I think that number is higher than the highest one that is currently expressed by the markets,” Puyfontaine said. When asked if he thought UMG was worth more than $40 billion, he said “yes”.

    (Reuters)

    NHPC keen on $2.5 billion Nepal power project after Chinese deal scrapped

    New Delhi: Indian state power company NHPC Ltd is interested in bidding for a $2.5 billion power project in Nepal, its chairman told Reuters, after Kathmandu cancelled a deal with China Gezhouba Group Corp. 

    “We have to send our team there and work out all the details, but would be interested in bidding for the project,” Balraj Joshi said on Friday. Critics in Nepal say the project was handed to the Chinese company without any competitive bidding, which is required by law, and a parliamentary panel asked the Nepali government to scrap the deal.

    (Reuters)

    US dollar ends cheaper against rupee

    Mumbai:  The US dollar ended sharply cheaper against the rupee at Rs 65.01/02 per dollar and the pound sterling also finished lower at Rs 85.79/81 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

    Following are the interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 65.01/02 US Dollar Rs 64.8462 Pound Sterling 85.79/81 Euro Rs 76.5574 Euro 76.71/73 Japanese Yen (100) 57.75/77

    (PTI)

    Continued ECB bond buys key to pushing out rate hike: Draghi

    Frankfurt: The European Central Bank’s decision to extend its bond-buying program until September 2018 was key in pushing market expectations for the first rate hike further into the future, ECB President Mario Draghi said on Friday. 

    “Asset purchases matter also for the signals they entail about the path of future policy rates: the so-called ‘signaling effect’,” Draghi told a banking conference.  “The signaling effect of asset purchases has therefore naturally increased in prominence relative to the duration effect.”

    (Reuters)

    Ireland not ready to let Brexit talks move to stage 2: minister

    Dublin: Ireland is not ready to allow talks on Britain’s withdrawal from the European Union to move to the second phase next month, Foreign Minister Simon Coveney said on Tuesday. 

    “Yes we all want to move onto phase two of the Brexit negotiations but we are not in a place right now that allows us to do that. We have very serious issues, particularly around the (UK-Irish) border, that need more clarity,” Coveney told a news conference before a meeting with his British counterpart Boris Johnson.

    (Reuters)

    'There's no going back,' Zimbabwe ruling party tells Mugabe

    Johannesburg: Leaders of Zimbabwe’s ruling ZANU-PF party are meeting on Friday to draft a resolution to dismiss President Robert Mugabe at the weekend and lay the ground for his impeachment next week if he refuses to stand down, a senior party source said. 

    “There is no going back,” the source told Reuters. “If he becomes stubborn, we will arrange for him to be fired on Sunday. When that is done, it’s impeachment on Tuesday.”

    (Reuters)

    India-Sri Lanka 1st Test: Day 2's play called off post lunch

    Kolkata: Rain played spoilsport as the second day of the first Test between India and Sri Lanka was called-off at the Eden Gardens here on Friday. 

    Earlier, lunch had been called early due to rain interrupting play, half an hour before the break. India were reduced to 74/5 at lunch with batsman Cheteshwar Pujara (47 not out) at crease.

    (IANS) 

    Zimbabwe military says engaging Mugabe on the way forward

    Harare: Zimbabwe’s military said it was engaging President Robert Mugabe in talks on the way forward for the country and that it would advise the nation on the outcome as soon as possible. 

    The military added in a statement broadcast on Zimbabwean television that it had made “significant progress” in its operation targeting “criminals” around Mugabe.

    (Reuters)

    HDFC Life shares rise in trading debut after $1.3 bllion IPO

    Mumbai: Shares in HDFC Standard Life Insurance Co. Ltd rose as much as 8.3 percent in their market debut on Friday after the insurer’s initial public offering raised $1.3 billion last week.

    By 0432 GMT, HDFC Life shares were trading at 312.60 rupees, 7.8 percent higher than the IPO issue price of 290 rupees.

    (Reuters)

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