Prabodh Agarwal, Chief Financial Officer At IIFL Holdings
Key highlights :-
✅ Expect the cost of funds to increase by 20-30 basis points in the current quarter.
✅ Company looking to pass the incremental cost to customers.
Hindustan Construction Tanks On Report Unit May Turn Bankrupt
Hindustan Construction Tanks On Report Unit May Turn Bankrupt Shares of the construction company extended decline for the fifth straight trading session, its longest losing streak …
Prepare For A ‘Political Storm’ Ahead Of 2019 Polls, Nomura Says
Prepare For A ‘Political Storm’ Ahead Of 2019 Polls, Nomura Says
The Indian market is yet to price in what could be a ‘political storm’ in the run-up to the general elections next year as the opposition seeks to regain lost ground.
Suven Life Sciences Rise After Securing Product Patents
Suven Life Sciences Rise After Securing Product Patents – Shares of the biopharmaceutical company extended gains for the second day and rose as much as 3.3 percent to Rs 175.30. The company secured product patents in Norway, South Korea and Singapore, used for the treatment of disorders associated with Neurodegenerative diseases.
Dilip Buildcon Gains After Receiving Order From NHAI
Gold Silver Reports – Dilip Buildcon Gains After Receiving Order From NHAI — Shares of the highway construction company rose as much as 2.1 percent to Rs 995. The company won an order from National Highways Authority of India for an EPC project worth Rs. 677.07 crore, according to its stock exchange notification.
Rupee Snaps Five-Day Losing Streak
Rupee Snaps Five-Day Losing Streak — The Indian rupee halted five-day losing streak in today’s trade. It rose nine paise against the U.S. dollar to 65.12 in early trade at the interbank forex market today amid weakness in the greenback after the U.S. Fed raised benchmark lending rate by 25 basis points.
Vedanta Snaps Six-Day Decline After BofAML Sees 32% Upside
Vedanta Snaps Six-Day Decline After BofAML Sees 32% Upside -Shares of the Anil Agarwal-led company snapped six-day losing streak after Bank of America Merrill Lynch (BofAML) initiated coverage with a ‘Buy’ rating.