APN News

  • Monday, June, 2024| Today's Market | Current Time: 08:29:27
  • ICICI Bank results: Saday Sinha, banking analyst, Kotak Securities

    “NII grew 17.6% YoY (ahead of expectations) on back of 5bps QoQ margin improvement to 3.40% in Q1FY15. Other income was also strong (14.7% YoY) aiding in healthy revenue growth. However, positive surprise came on lower new impairment (Rs.26 bn as against Rs34 bn in previous quarter). Reported headline NPLs remained stable with gross and […]

    Quote of Mr. Mohit Goel, CEO, Omaxe Limited on RBI’s recent affordable housing measures

    “The RBI’s move to make city-wise classification of affordable housing and periodically review its definition is a significant step forward in boosting the real estate sector. The increase in cap of affordable housing eligible for loan under priority sector was imperative considering the rising prices of homes in the last few years. Homebuyers can now […]

    Anand Rathi Research Report – India Economy, Industrial production, Good days are here

    In May 14 the IIP jumped to 4.7%, surpassing our expectations. Leading the recovery was manufacturing growth, rising 4.8%. Notwithstanding the favourable base, signs of recovery are apparent. We expect the momentum to continue, which augurs well for 1QFY15 GDP growth and the market at large. Performance: IIP and manufacturing growth in May 14 picked […]

    Mr. Aman Agarwal, Director ,KV Developers’ comments on Union Budget 2014

    “We are extremely delighted after today budget speech by Shri Arun Jaitley. Real estate has finally got its long pending attention in the Union Budget. We sincerely applaud the decisions made to boost this sector. The relaxation of norms under FDI and implementation of REITs are certainly going to provide a cheaper alternative to costlier […]

    Mr. Pradeep Jain, Parsvnath Developers’ reaction to Union Budget 2014

    “We hail the maiden budget speech by Hon Finance Minister, Mr. Arun Jaitly, this clearly suggest that development flank taken by the NDA govt.  Real Estate sector for long time was ignored with no significant proposals made to spur growth in this sector. For the first time after the slowdown the Union Budget 2014 gives […]

    Firstbiz & Greyhound Knowledge Group release path breaking Indian SME survey

    Mumbai: In a first-of-its-kind initiative Firstbiz, the business portal that is part of Firstpost, one of India’s largest news and views portals, has released an insightful small and medium enterprises (SME) survey in the run-up to the Union Budget 2014-15. This survey was conducted in association with Greyhound Knowledge Group, a corporate group delivering Business, […]

    Pre-Budget quote from Mr. Tarang Jain, MD – Varroc Group

    Varroc Group is India’s third largest auto components maker with capabilities of Full Service Supplier of Plastic Moulded Modules, Engine Valves, Machined Forgings, Exterior Lighting and Electrical Systems to Auto Industry. The company has a diversified product portfolio catering to renowned automotive companies worldwide.Established in 1990 Varroc Engineering has emerged as $1.2 billion turnover under […]

    Comments on the Market by Mr. Kiran Kumar Kavikondala, Director & CEO, WealthRays Securities

    The Indian markets had a volatile day today with benchmark indices rising at opening, then declining in mid-session and then rallying in the last half hour to close at record highs. Nifty had a slightly positive opening but then it declined to touch a low of 7661.40. From then on, it rallied to close at […]

    BSE Network Outage on 3rd July – Statement by Hughes Communications

    ‘In the context of the BSE network outage yesterday, Hughes Communications would like to state that post a thorough check of our systems, no fault was detected and the entire VSAT network was operational. This was further verified through other institutional customers relying on our network support, none of who reported any problems or disruptions […]

    Budget Expectations – Mr. Sanjeev Ranjan, International Copper Association India

    The biggest challenge the Finance minister will face in his budget preparation will be on how to balance Growth vs Inflation and at the same time help in creating new jobs especially in the manufacturing sector. Currently manufacturing contributes just 16 percent to India’s GDP which needs to be at least 25% if we are […]