Profitability will be tested in next few quarters by attrition and Capco impact, says Wipro CEO Thierry Delaporte
Mauritius, which was traditionally preferred by many international investors due to its tax advantage and low operational cost, was put in the grey list by FATF in February 2020 - a decision that led to deeper scrutiny, black-listing by European Union and investment restrictions imposed by Reserve Bank of India (RBI).
According to industry sources, passenger vehicle makers retailed around 85,000 units, versus 1,75,000 units last year. Two-wheeler retailing may have declined about a quarter through Navratri and Dussehra.
Dixon has started manufacturing 5G millimetre waves smartphones which will be the first set of devices in the segment to be exported from India.
On the positive side, the bank has reported an improvement in gross NPA ratio by 12 basis points (100bps = 1 percentage point) quarter on quarter to 1.35%. Its subsidiary HDB Financial Services also reported a improvement in GNPA to 6.1% from 7.8% in the corresponding quarter last year.
Saroj Poddar-controlled Adventz Group will implement a structure in which the publicly listed Zuari Agro Chemicals will become the holding company of the agriculture unit, which contributes 60% to the enterprise’s $3-billion revenue.
​​The differential between one-month onshore and offshore forwards trade is now less than a paise, which would have been about four-five paise in normal circumstances.
Amansa Capital, Blackstone-backed hedge fund ApaH Capital, Steadview, Janus Henderson, Sanne Group, ADQ, others join pre-IPO round
Greenidge said it mined 729 bitcoins over three months ending Sept. 30. The value of cryptocurrency fluctuates, and on Friday, one bitcoin was worth over $59,000.
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