Capital Gain

MARKETS: Sensex off day’s low, down 200 pts; broader indices underperform

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LIVE market updates: The Indian markets continued to trade lower, but off the day’s bottom, in Monday’s noon deals, amid weak trend in metals and public sector banks. The S&P BSE Sensex dipped 230 points, down 0.4 per cent, and hovered around the 52,240-mark. The index fell to as low as 51,936 in intra-day deals. […]

Indian stock market vulnerable to the rise in Covid cases: Chris Wood

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The Indian stock market is still potentially vulnerable in the absence of concrete evidence that the second wave has peaked, believes Christopher Wood, global head of equity strategy at Jefferies. Yet, he has increased his exposure to Indian equities in his relative-return portfolio – bringing it back to where it was at […]

Yes Bank posts net loss of Rs 3,788 cr in Q4

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Net interest income declined 23% to Rs 987 crore as against Rs 1,274 crore in the year-ago period Topics YES Bank Yes Bank of Friday reported standalone net loss of Rs 3,788 crore in the March quarter of FY21 as against net profit of Rs 3,668 crore a year ago. Net interest […]

MARKETS: Indices at day’s high; Sensex zooms 600 pts, Nifty tests 14,500

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LIVE market updates: The Indian benchmark indices regained momentum and were trading at day’s high in Tuesday’s noon deals after the Indian government fast-tracked emergency approvals for foreign produced Covid-19 vaccines. Among headline indices, the S&P BSE hovered around 48,440 levels, up 550 points. The broader Nifty50 index topped the 14,450-mark. Mahindra & Mahindra, up […]

Don’t neglect public sector enterprises

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Privatising public sector enterprises is being debated widely in public and social media. Employees of public sector units, students and leaders of various political parties have been protesting in Vizag over the past few dys to save Vizag Steel from privatisation. The assets of not only Vizag Steel but also other public sector enterprises belong […]

MARKET LIVE: Indices volatile; Berger Paints gains 4%, Tata Steel up 3%

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LIVE market updates: The Indian markets fluctuated between gains and losses after opening little changed on Wednesday, amid mixed cues from their Asian peers. Among the headline indices, the S&P BSE Sensex was down 150 points at 51,170 and the Nifty50 index gave up the 15,100 mark. PowerGrid, Tech Mahindra, Infosys, and Larsen & Toubro […]

‘We have not sold a single loan to any ARC’

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The turnaround for YES Bank has been much faster as it could usually take at least two to three years, believes Prashant Kumar, Managing Director and CEO, YES Bank. In an interview with BusinessLine, Kumar said the bank is hoping to continue with the growth in advances in the fourth quarter with good demand from […]

Yes Bank at ‘peak’ of asset quality stress; has ‘many positives’: CEO

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Yes Bank has reached the “peak” of asset quality stress after reporting heightened challenges in the December quarter earnings, even though there can be a jump in the gross non-performing assets (GNPA) ratio in the March quarter, a top official has said. The GNPA ratio may shoot up to touch […]

This is the peak in terms of NPAs and slippages: YES Bank chief

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Private sector lender YES Bank will focus on recoveries and opening CASA accounts and believes that Covid-related stress on its books would start easing in coming quarters. “Our understanding is that this is the peak in terms of non-performing assets and slippages and now it would start coming down,” said Prashant Kumar, Managing Director and […]

YES Bank reports net profit of Rs 151 crore in December quarter

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Private sector lender YES Bank on Friday reported a net profit of Rs 150.71 cr in the quarter ended December, 2020 compared to a loss of Rs 18,560 cr during the same period a year ago. The profit was Rs 129 cr in the September quarter. The lender’s net interest […]