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In Q4 FY24, L&T Technology Services Ltd. reported revenue of Rs 2,538 crore, up 5% QoQ. The company reported operating profits of Rs 428 crore, posting growth of 2.9% on a QoQ basis. The company’s operating margins declined by 30 basis points to 16.9%, which was largely led by better cost management and reduced onsite expenses during the quarter. Its net profit for Q4 FY24 stood at Rs 341 crore, registering a growth of 1.4% on a QoQ basis.
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The country’s largest lender, the State Bank of India, on April 26 partnered with HCLSoftware, the software business unit of HCLTech, for the bank’s digital transformation.
“As part of the five-year agreement, HCLSoftware will deploy the HCL Unica platform to enable SBI to digitally transform its customer interaction framework and provide hyper-personalized communication across the bank’s diverse digital marketing channels, while adhering to the Digital Personal Data Protection Act (DPDPA) and other stringent…
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PSU FD: Union Bank of India Hikes FD Rates Up To 7.25%; Senior Citizens To Get 50 Bps Additional Returns Goodreturns
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Target Price: Rs 3835Stop Loss: Rs 3500On a Daily time frame, Amber Enterprises India Ltd has given a breakout of Rectangle Pattern on the upside, indicating a positive trend in the stock. Buyers have to look more attractive to buy the security above 3500 levels.Security took support near the 21-day EMA and started moving on the positive side indicating a positive trend with price trading above important the EMA indicates strength on the upside. Additionally, the breakout in the Relative Strength Index (RSI) supports the upside move, confirming the strength of the current trend and implying the potential for further price appreciation.(Kunal Kamble, Sr. Technical Analyst, Bonanza…
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Mumbai: The National Company Law Appellate Tribunal (NCLAT) on Thursday agreed to hear the plea by IDBI Bank on 31 August, seeking insolvency proceedings against Zee Entertainment to recover dues of ₹149.6 crore.
On 20 July, IDBI Bank moved the National Company Law Appellate Tribunal (NCLAT), challenging an National Company Law Tribunal’s order of 19 May, that rejected IDBI’s plea to initiate insolvency proceedingsagainst Zee Entertainment Enterprises.
Source: https://www.livemint.com/companies/news/nclat-to-hear-idbi-plea-in-zee-case/amp-11692290646997.html
Canara Bank building With an aim to enhance customer experience, Canara Bank has hired global IT infrastructure provider Kyndryl to upgrade and manage IT operations.As part of a 7-year contract, Kyndryl will augment the bank’s end-to-end IT operations and streamline services delivery across core banking, IT infrastructure, applications, and network operations.Kyndryl’s solution will provide Canara Bank with an end-to-end view of its business services, risk mitigation using advanced capabilities and tools, and focus on services availability while enhancing observability and reliability, a joint statement said.This will help Canara Bank enhance its customer service experiences, it…
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അറ്റാദായത്തിലെ ഇടിവ്; സിഎസ്ബി ബാങ്ക് ഓഹരികൾ ഇടിഞ്ഞു സമയം മലയാളം (Samayam Malayalam)
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Key Insights Given the large stake in the stock by institutions, City Union Bank’s stock price might be vulnerable to their trading decisions The top 25 shareholders own 51% of the company Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock If you want to know who really controls City Union Bank Limited (NSE:CUB), then you’ll have to look at the makeup of its share registry. We can see that institutions own the lion’s share in the company with 55% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Institutional investors would probably welcome…
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SummaryUCO bank reported a 9.62% growth year-on-year in total business at ₹4.5 lakh crore for the quarter ended March 31, 2024.Shares of UCO Bank Ltd gained 2.5% on Tuesday, April 9, after the public sector lender reported a nearly 16% jump in advances for the fourth quarter of the financial year 2023-24.
The public sector lender in its business update for the March quarter and full financial year 2023-24 (FY24) filed with the stock exchanges reported that its advances increased 15.92% to ₹1.87 lakh crore in the March quarter against ₹1.62 lakh crore in the corresponding period a year ago.
Its gross advances also increased marginally quarter-on-quarter (QoQ) compared to ₹1.79…
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ICICI Bank Q4 Results Preview: Strong PAT Growth of 19.2% Expected On The Back of AIF Reversals Goodreturns
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