HDFC Bank reported 18.2% rise in net profit to Rs 8186.50 crore on 16.4% increase in net revenues to Rs 24714.10 crore in Q4 March 2021 over Q4 March 2020.
HDFC Bank said that the board of directors of the bank, has granted an enabling approval to the bank for issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crores in the period of next twelve months through private placement mode.
Shares of Bharti Airtel will be watched. The Government of Ghana, Bharti Airtel (Airtel) and Millicom International Cellular S.A. (Millicom) (through their respective subsidiaries), on Friday announced that they have executed the definitive agreement for the transfer of AirtelTigo (Airtel Ghana Limited and Millicom Ghana Limited) to the Government of Ghana on a going concern basis.
Key benchmark indices are trading sharply lower in early trade on selling pressure in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 1157.01 points or 2.37% at 47,675.02. The Nifty 50 index was down 350.40 points or 2.4% at 14,267.45. Sharply rising Covid-19 cases in the country dampened sentiment.
The S&P BSE Mid-Cap index was down 2.54%. The S&P BSE Small-Cap index was down 2.65%.
The market breadth, indicating the overall health of the market, is weak. On the BSE, 389 shares rose and 1841 shares fell. A total of 103 shares were unchanged.
On the coronavirus front, the Centre on Sunday banned the supply of oxygen for industrial purposes except in nine specified industries in view of shortage of the essential public health commodity in several states amid a spike in COVID-19 infections. The decision will come into effect from April 22.
Government of Ghana to takeover ownership of AirtelTigo Joint Venture equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.