कोटक महिंद्रा बैंक का मुनाफा 3.8 गुना बढ़ा, आय 20% बढ़ी

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वित्त वर्ष 2017 की पहली तिमाही में कोटक महिंद्रा बैंक का मुनाफा 3.9 गुना बढ़कर 742 करोड़ रुपये हो गया है। जबकि वित्त वर्ष 2016 की पहली तिमाही में कोटक महिंद्रा बैंक का मुनाफा 190 करोड़ रुपये रहा था।

वित्त वर्ष 2017 की पहली तिमाही में कोटक महिंद्रा बैंक की ब्याज आय 20.1 फीसदी बढ़कर 1919 करोड़ रुपये रहा है। वित्त वर्ष 2016 की पहली तिमाही में कोटक महिंद्रा बैंक की ब्याज आय 1598 करोड़ रुपये रही थी।

वित्त वर्ष 2017 की पहली तिमाही में कोटक महिंद्रा बैंक का कंसोलीडेटेड मुनाफा करीब 2 गुना बढ़कर 1067 करोड़ रुपये हो गया है। जबकि वित्त वर्ष 2016 की पहली तिमाही में कोटक महिंद्रा बैंक का कंसोलीडेटेड मुनाफा 516.6 करोड़ रुपये रहा था।

वित्त वर्ष 2017 की पहली तिमाही में कोटक महिंद्रा बैंक की कंसोलीडेटेड ब्याज आय 18.6 फीसदी बढ़कर 2,566 करोड़ रुपये रही है। वित्त वर्ष 2016 की पहली तिमाही में कोटक महिंद्रा बैंक की कंसोलीडेटेड ब्याज आय 2,163.5 करोड़ रुपये रही थी।

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Samsung Electronics sues Huawei in China for Patent Infringement

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Tech giant Samsung Electronics Co said on Friday it sued Huawei Technologies Co for patent infringements through multiple courts in China, escalating a legal conflict between the smartphone rivals.

The South Korean firm sued Huawei in a Beijing court about two weeks ago for allegedly infringing six of its patents, a spokeswoman said. She did not elaborate on the types of patents or the other Chinese courts involved.

“Despite our best efforts to resolve this matter amicably, it has regrettably become necessary to take legal action in order to defend our intellectual property,” Samsung said in a statement. Huawei representatives were not immediately available to comment.

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Rupee opens Flat at 67.18 per Dollar

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The Indian rupee opened flat at 67.18 per dollar on Friday versus previous close of 67.17.

“The USD-INR pair is boxed in a range for some time now and I expect similar behaviour going forward.”

According to him, support level of 67/dollar will hold and the trading range is seen between 67.10-67.50/dollar.

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Shriram City Union Finance Plans to raise Rs 175 crore

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Non-banking finance company (NBFC) Shriram City Union Finance said that it is planning to raise Rs 175 crore by issuing non-convertible debentures on private placement basis. “The company intends to raise funds through allotment on private basis of 1750 secured redeemable non-convertible debentures of face value of Rs 10,00,000 each aggregating to Rs 1,75,00,00,000,” the company said in a filing to the Bombay Stock Exchange.

This will be considered for allotment by Securities Management Committee, authorized committee of the Board of the Directors of the company in its meeting scheduled to be held on July 25, 2016, the filing added.

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HDFC Bank says “Comfortable” with Higher bad loans in Q1

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HDFC Bank Ltd said it was “comfortable” with the rise in bad loans in its fiscal first quarter as the nation’s second-biggest private sector lender by assets reported net profit rose by a fifth in line with analysts’ estimates. Net profit was 32.39 billion rupees ($482 million) for the three months to June 30, the Mumbai-based bank said in a statement on Thursday.

Analysts on average had expected a net profit of 32.52 billion rupees, according to data compiled by Thomson Reuters. Gross bad loans as a percentage of total loans rose to 1.04 percent as of June 30 from 0.94 percent as of end-March, which the bank’s deputy managing director Paresh Sukthankar said was driven by small-and-medium corporate borrowers and individuals.

“We are still very comfortable,” Sukthankar told a news conference, adding “no serious large chunky” corporate account had contributed to the rise in the bad loans.

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Nifty opens above 8550, Sensex Firm

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The market has opened higher supported by firm global cues.

The Sensex is up 60.51 points or 0.2 percent at 27976.40, and

the Nifty up 16.85 points or 0.2 percent at 8582.70.

About 308 shares have advanced, 98 shares declined, and 34 shares are unchanged. Cipla, ITC, Bajaj Auto, Hero MotoCorp and ONGC are gainers while Dr Reddy’s Labs, Infosys, TCS, BHEL and M&M are losers in the Sensex.

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एक्सिस बैंक ने 0.10% घटाईं ब्याज दरें

देश के तीसरे सबसे बड़े प्राइवेट बैंक एक्सिस बैंक ने ब्याज दरों में कटौती कर दी है। बैंक ने अपना बेस रेट 0.10 फीसदी यानी दस बेसिस प्वाइंट घटा दिया है। बेस रेट वो दर होती है जिसके आधार पर बैंक अपने फिक्स्ड या फ्लोटिंग लोन की दरें तय करते हैं। इस कटौती के बाद बैंक का बेस रेट घटकर 9.35 फीसदी हो गया है। एक्सिस बैंक के बेस रेट में ये कटौती 27 जुलाई बुधवार से लागू होगी।

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हालांकि इस कटौती के बावजूद एक्सिस बैंक की ब्याज दरें कम से कम चार बैंकों के मुकाबले ज्यादा हैं। सबसे कम बेस रेट है एचडीएफसी बैंक का जो 9.10 फीसदी है। इसके बाद है एसबीआई जिसका बेस रेट 9.15 फीसदी है। देश के सबसे बड़े प्राइवेट बैंक आईसीआईसीआई बैंक का बेस रेट है 9.20 फीसदी और आईडीबीआई बैंक का बेस रेट है 9.30 फीसदी।

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Asia Mostly Higher; Nikkei up 1.2%, ASX up 0.8%, Kospi Flat

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Asia markets mostly climbed at the open on Thursday, with Japanese shares leading regional peers as local media reports suggested a sizable stimulus package from the Abe government was forthcoming. In Japan, the benchmark Nikkei 225 rallied 1.18 percent, with stocks receiving a boost from a relatively weaker yen.

“All eyes [will be] on Japan this morning, with talk of a 20 trillion yen stimulus package through a supplementary budget,” said Chris Weston, chief market strategist at brokerage firm IG. “Although most economists would still stress that genuine reform still needs to be addressed to really put Japan on the right path.”

Japan’s Kyodo News reported that the Japanese government was arranging to compile a stimulus package of at least 20 trillion yen (USD 188 billion) to help the domestic economy emerge from deflation, and to fend off possible adverse effects of Brexit. The report cited sources close to the matter. Previously, the stimulus package was expected to be a little more than 10 trillion yen, but the size was now likely to double, said Kyodo News. In South Korea, the Kospi gained 0.02 percent.

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Reliance Industries to Pump in Rs 15,000 cr in Jio Through rights Issue

Reliance Industries will infuse another Rs 15,000 crore in its telecom arm Jio through a rights issue, reported PTI. “We wish to inform you that the Board of Directors of the company at their meeting held on July 14 approved further issue of 1,500 crore equity shares of Rs 10 each aggregating to Rs 15,000 crore to the existing equity shareholders of the company on rights basis,” the company said in a regulatory filing.

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The issue is expected to be completed in the next three months. The rights issue, which follows a similar size issue in January this year, will increase the equity of Reliance Jio to Rs 60,000 crore from Rs 45,000 crore, making it one of the most capitalised telecom companies in India.

Billionaire Mukesh Ambani-led Reliance Industries is said to have invested about Rs 1,30,000 crore in its telecom arm including the investment on spectrum or airwaves; and the total investment may top Rs 1,50,000 crore.

The company is slated to launch the much-talked about high-speed broadband and 4G telecom services in coming weeks. It is already offering services for a limited number of users on a trial basis, integrating spectrum and testing the network.

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L&T Infotech to make Stock Market Debut on July 21

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L&T Infotech, which recently concluded its Rs 1,243-crore IPO, will make its stock market debut on July 21. The listing will take place at the NSE in presence of L&T Group Executive Chairman A M Naik and other top officials along with merchant bankers. The company’s shares will list on leading stock exchanges NSE and BSE.

The company’s IPO had attracted more than one million applications, the highest for any share sale offer in at least five years. From 2011 till date, L&T Infotech is the first one to attract million applications.

L&T Infotech had fixed a price band of Rs 705-710 per share for the offering. Kotak Mahindra Capital Company, Citigroup Global Markets India and ICICI Securities were the managers of the issue.In the financial year 2015-16, L&T Infotech’s revenue from operations and other income stood at Rs 6,143.02 crore, while it clocked a profit after tax of Rs 922.17 crore during the same period.

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