Road & highway stocks will be watched out today as the govt has approved the Rs 6.92-lakh-Cr, 5-year roads programme, which includes the Bharatmala project, intends to to generate 142 million mandays of work.
Banking stocks will be in focus as govt has approved Rs 2.11 lakh crore PSU Banks’ recapitalisation plan for a 2- year period.
Infosys Ltd has posted a 3% increase in net profit to Rs 3,726 crore in the July-Sept quarter, compared to Rs 3,606 crore in the corresponding quarter last year.
Lupin Limited receives USFDA approval for generic Lodosyn tablets used for the treatment of Parkinson’s disease.
Kaya Limited to provide bank guarantee for an amount of USD 4 million to Kaya DMCC.
Yes Bank – RBI has also imposed Rs. 6.00 crore fine on Yes Bank for its non-compliance of RBI regulation on Income Recognition Asset Classification (IRAC).
IDFC Bank: Reserve Bank of India imposed Rs 2.00 crore penalty on IDFC Bank because of non-adherence with certain directions regarding sanction and renewal of loans and advances.
Ambuja cements standalone revenue for the Q2 FY18 came in at Rs. 5,376 crore, registering 5% year on year increase.
HDFC Bank & Asian Paints Ltd, have posted stellar results for the quarter ended 30 September.