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Why A Renewables InvIT Is Critical For Tata Power’s Plan To Pare Debt
Shares of the lender dropped after it reported a spike in its non-performing assets.
Its asset quality worsened as the gross non-performing assets (NPAs) spiked to 4.25% of gross advances as of March 31, from 1.68% in the same period last year.
Net NPAs or bad loans also soared to 2.18% from 0.81%.
Chris Wood Goes More Overweight On India Despite Covid Fears
Mumbai-Delhi Dedicated Freight Corridor Could Favour Concor, Says Nomura
Commentary
To read what top brokerages recommend on Titan post Q4, click here
Stocks in India Find Local Support Amid Exodus of Global Funds
Indian bonds advance after the central bank announced Operation Twist for next week. Traders are awaiting the results of Rs 26,000 crore ($3.5 billion) of the government-bond auction later on Friday for cues on the trajectory of yields.
Read what brokerages made of HUL’s Q4 performance here
Ten of 19 sector sub-indexes compiled by BSE Ltd. fell, led by a gauge of lenders. The market breadth was skewed in favour of the bulls. About 1,225 stocks advanced, 926 declined and 103 remained unchanged in early morning trade.
India reported 3,86,452 new infections and 3,498 deaths on Friday The country has confirmed 18.7 million Covid-19 cases in total and over 2,08,330 deaths. The resurgence of the virus has forced a number of countries including Australia to ban flights from India, while the U.S. government has asked its citizens to leave as soon as possible.
Wipro Shares Jump To A Record High On Higher Q1 Revenue Guidance
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