Silver Touch Technologies has announced a 1:5 stock split and a 1:1 bonus issue, subject to shareholder approval. The move follows a strong rally, aiming to improve liquidity and affordability without altering shareholder value.Read More
The Fed doesn’t set mortgage rates, but when it cuts its short-term rate that can signal lower inflation or slower economic growth ahead, which can drive investors to buy U.S. government bondsRead More
The unexpected deferral raises the probability of one more round of liquidity injection by the Reserve Bank of India in the current quarter, said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership.Read More
Federal Bank announced a significant rise in its third-quarter net profit, reaching Rs 1,041 crore. This marks an improvement from the previous year’s earnings. The bank’s total income also saw an increase. Asset quality metrics showed positive movement with a reduction in gross and net non-performing assets.Read More
The Securities and Exchange Board of India has sought the changes “in order to enhance operational efficiency and reduce cost of funding” for foreign portfolio investors, it said in a consultation paper.Read More
Total income increased to Rs 10,969 crore during the quarter under review against Rs 9,739 crore in the same period of last year, Central Bank of India said in a regulatory filing.Read More
The company, which counts Jaguar Land Rover and Tata Motors among its largest clients, reported a 4% rise in revenue to Rs 1,366 crore during the quarter.Read More
In the last 12 months, the company has declared an equity dividend amounting to Rs 11 per share and at a share price of Rs 267.60, Wipro’s dividend yield stands at 4.11%, according to Trendlyne data.Read More
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