Big news this week on economic front has been,inclusion of Healthcare sector under @narendramodi govt's ECLGS scheme,which gives collateral free loans to MSMEs
India reporting $20bn Trade surplus with USA,in goods&$8bn in Services,bodes well too
RBI had 25000Cr auction of GSAP
India reporting $20bn Trade surplus with USA,in goods&$8bn in Services,bodes well too
RBI had 25000Cr auction of GSAP
Excellent move by RBI to refuse to sell securities to PDs or even allow devolution--result was,10yr bond yield that shot up to 6.13% on Thursday,on day of GSAP auction,quickly cooled off to 6.07%,by Friday
Short sellers were trapped by RBI,preventing any hardening of yield curve
Short sellers were trapped by RBI,preventing any hardening of yield curve
Fact that economy is on track, endorsed by solid Q4 results from #HDFCBank,with Profit up 18% at Rs 8186Cr&NII up 12% YoY,at 17120Cr
Deposits up 16%
Advances up 14%;Wholesale Loans up 22%
NIM came at a good 4.2%
GrossNPA down to 1.32% from 1.38% QoQ,while NetNPA steady at 0.4%
Deposits up 16%
Advances up 14%;Wholesale Loans up 22%
NIM came at a good 4.2%
GrossNPA down to 1.32% from 1.38% QoQ,while NetNPA steady at 0.4%
G
reat results from #HDFCBank were,despite Provisions up 24% YoY,at Rs 4694Cr
Even IT Cos declared solid numbers,with #Wipro's Revenues up 3.9% QoQ at 16334Cr--Wipro's Q4 result is the best ever in last 10yrs
Even #Mindtree reported good results,with Dollar Revenue up 5.1% QoQ
reat results from #HDFCBank were,despite Provisions up 24% YoY,at Rs 4694Cr
Even IT Cos declared solid numbers,with #Wipro's Revenues up 3.9% QoQ at 16334Cr--Wipro's Q4 result is the best ever in last 10yrs
Even #Mindtree reported good results,with Dollar Revenue up 5.1% QoQ
Tech giant TCS with a market cap of over Rs 12 lakh Cr also declared superb results,with Net Profit up 14.9% at 9246Cr
Revenue up 9.4% at 43705Cr
OPM at 26.8%,up 0.2% QoQ& 1.7%,YoY
Constant Currency growth was a solid 4.2% QoQ&5.9%,YoY
#TCS added 19388 emoyees in Q4
#Economy
Revenue up 9.4% at 43705Cr
OPM at 26.8%,up 0.2% QoQ& 1.7%,YoY
Constant Currency growth was a solid 4.2% QoQ&5.9%,YoY
#TCS added 19388 emoyees in Q4
#Economy
#Infosys reported good numbers, with Net Profit up 17% YoY,albeit down 2.3% QoQ
INR Revenue rose 13% YoY&1.5% QoQ
Revenue in constant currency terms rose 9.6% YoY&2% QoQ
In Dollar terms,Revenue rose 2.8% QoQ&13% YoY,to $3613 mln
Revenues crossed 1 lakh Cr in FY21,for 1st time
INR Revenue rose 13% YoY&1.5% QoQ
Revenue in constant currency terms rose 9.6% YoY&2% QoQ
In Dollar terms,Revenue rose 2.8% QoQ&13% YoY,to $3613 mln
Revenues crossed 1 lakh Cr in FY21,for 1st time
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