Capital markets regulator Sebi has granted in-principle approval for change in control of HDFC Asset Management Company along with change in one of the co-sponsors of HDFC Mutual Fund from HDFC Ltd to HDFC Bank. The change in control will happen following the merger of HDFC and HDFC Bank. Also Read| Nifty holds 17350 after …
Rakesh Jhunjhunwala portfolio stock India Hotels Company (IHCL) jumped 1 per cent on Wednesday, after the the company reported a consolidated net profit of Rs 170 crore for the quarter ended June 2022, mainly due to surge in demand as the occupancy and rates exceeded pre-COVID levels. IHCL’s revenue surged by 249.45 per cent to …
SBIN (standalone) reported a 7% y-o-y decline in Net Income owing to MTM losses. Core PPOP (+14.4% y-o-y) was 3.6% below our estimate, as a weaker than expected NIM (13bp q-o-q decline) drove weakness in NII (+13% y-o-y, 6% below estimate). Fee income was better (+18% y-o-y), while expenses were controlled (+1.4% y-o-y) resulting in …