Tata Communication is enhancing the sports experience of fans with its Virtual Video Assisted Referee (V-VAR) solution. – Positive IIFL Finance - IIFL Home Finance Files Tranche I prospectus to raise upto Rs. 1,000 cr via Unsecured NCDs – Positive
Relaxo launches its Exclusive Brand Outlet in Agra – Positive
CARE reaffirms credit ratings of Kalpataru Power Transmission financial instruments, on long-term / short-term bank facilities CARE AA; Stable/ CARE A1+ rating has been reaffirmed. – positive
Bharat Dynamics to set up Environmental Testing Facility at Visakhapatnam unit – Positive
SH Kelkar and Company: On a consolidated basis, the company's sales in Q1FY22 stood at around Rs355cr, and on the balance sheet front, its net debt position stood at around Rs386 cr as of June 2021 compared to Rs380cr as of March 2021. – Positive
IOL Chemicals : CARE has upgraded the credit rating by one notch for the banking facilities availed by the company, to A+/Stable, from A/Stable. - Positive
HDFC Bank’s advances grew 1.3% from three months earlier to Rs11.48 trillion as of June 30. The growth in advances was 14.4% compared with a year ago . Retail deposits grew 3.5% q/q and 16.5% y/y. Wholesale deposits fell 10% q/q, nearly unchanged y/y CASA deposits fall 0.6% q/q to Rs6.12tn as of June 30, although that was 28.2% higher from a year ago. - Positive
IndusInd Bank deposits stood at Rs2.68 trillion as on June 30, compared with Rs2.56 trillion end-March and 2.12 trillion (YoY). 1Q CASA ratio at 42.1% vs 41.8% previous quarter. Retail deposits and deposits from small business customers amounted to Rs1.06 trillion as of June 30, 2021 vs Rs958.1bn as of March 31, 2021 - Positive
Yes Bank's Quarterly Business Update - Yes Bank advances contract 1.8% sequentially to Rs 1.64 lakh crore in June, Outstanding loans contracted 0.4% YoY, Gross retail disbursements in Q1 at Rs 5,099 crore, compared with Rs 7,828 crore in Jan-Mar, Deposits rose 0.2% sequentially to Rs 1.63 lakh crore, up 39% year-on-year, Certificate of deposits contracted 44.5% sequentially to Rs 3,827 crore CASA deposits rose 5.2% quarter-on-quarter to RS 44,790 crore - Avoid on account of poor balance sheet
CSB Bank: Total provisional deposits in June quarter 2021 at Rs 18,652.80 crore increased by 14.17 per cent YoY, and gross advances grew by 23.71 per cent to Rs 14,146 crore including advances against gold & gold jewellery that increased 46.16 per cent to Rs5,617.68 crore YoY - Positive
Asian Steel Stocks Mixed on Report China Hub Implementing Curbs - Expects positive for Indian steel after the news that the Mysteel reported China’s top steel-making hub Tangshan is cutting output by 30% for the rest of the year. Expects positive for Tata Steel, SAIL, Jindal Steel
By: via @AlliesFin Serve Stock Market
