Redington Gulf omcreases stake in Citrus to 100%

Redington Gulf FZE, (Redington Gulf) a step-down subsidiary of Redington (India) Ltd, that it had acquired additional 15.2% stake in Citrus Consulting Services FZ LLC (Citrus), its subsidiary company. With this acquisition, the total holding of Redington Gulf in Citrus had increased from 84.8% to 100%. The acquisition was done through cash consideration of AED […]

2 Best Investment Options For Senior Citizens Amidst Bank FDs

Investment oi-Vipul Das | Updated: Saturday, October 24, 2020, 14:13 [IST] Again, interest rates on small savings schemes appeared unchanged for the following quarter 30 Dec 2020. On the other hand, banks have been gradually reducing FD rates currently and also since January 2019, the repo rate has been decreased by 250 bps (or 2.5 […]

The Anup Engineering Ltd board to announce Q2FY21 results on Oct 31, 2020

A meeting of the Board of Directors of The Anup Engineering Ltd is scheduled on 31/10/2020, to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter and half year ended on 30th September 2020. Shares of The Anup Engineering Ltd. was last trading in BSE at Rs. 619.90 […]

SEBI bans Bengaluru-based Minance and its founder Anurag Bhatia from capital markets

Minance, Anurag and the other two directors — Sarbashish Basu and Pankaj Mahanty — have been barred by SEBI for not complying with investment advisor norms. The Securities and Exchange Board of India (SEBI) barred Bengaluru-based investment advisors Minance Investment Advisor Pvt Ltd (MIAPL) from operating, as well as instructed that its current and former […]

Finance ministry issues guidelines to implement interest waiver

NEW DELHI : The finance ministry on Saturday announced the details of the implementation of the waiver of ‘interest on interest’ on loans of up to ₹2 crore for the six-month moratorium that was rolled out to mitigate the hardship of borrowers hit by the coronavirus pandemic. The Centre approved the scheme for ‘grant of […]

Polycab India Ltd Q2FY21 consolidated PAT rises to Rs. 220.54 crore

Polycab India Ltd has reported financial results for the period ended September 30, 2020. Financial Results (Q2 FY20-21) – QoQ Comparison The company has reported total income of Rs.2146.42 crores during the period ended September 30, 2020 as compared to Rs.1010.22 crores during the period ended June 30, 2020. The company has posted net profit […]

YES Bank posts Rs 129-crore profit; net interest income rises 3.4%

Private sector lender YES Bank’s net profit rose sequentially to Rs 129 crore in the second quarter ended September 30 this year from Rs 45 crore in the first quarter ended June 30. The bank had posted a loss of Rs 600 crore in Q2 of the previous financial year. Net […]

ZF Steering Gear India Ltd Q2FY21 loss at Rs. 0.97 crore

Z.F.STEERING GEAR (INDIA) LTD. has reported financial results for the period ended September 30, 2020. Financial Results (Q2 FY20-21) – QoQ Comparison The company has reported total income of Rs.43.06 crores during the period ended September 30, 2020 as compared to Rs.21.13 crores during the period ended June 30, 2020. The company has posted net […]

In ‘Diwali bonus’, govt waives interest-on-interest even for those who didn’t opt for moratorium

Representational image | Photo: Dhiraj Singh | Bloomberg Text Size: A- A+ Mumbai: The Narendra Modi government has communicated to lenders its decision to waive the interest-on-interest burden for all retail and MSME borrowers of up to Rs 2 crore, including those who didn’t opt for the repayment moratorium allowed by the […]

Sensex, Nifty just 2% shy of erasing year-to-date losses; will stock market hold gains next week?

Sensex and nifty are now just 2% away from erasing all their year-to-date losses and turn positive, helped by strong foreign fund flows and the re-opening of the Indian economy. Stock markets continued their range-bound action this week but managed inch higher during the last five trading sessions. The S&P BSE Sensex moved 0.61% higher […]