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IDBI Bank shares up almost 15% intraday on Govt decision to divest stake


IDBI Bank shares up almost 15% intraday on Govt decision to divest stake
May 06, 2021
LIC too may reduce its shareholding in the bank
IDBI Bank’s shares rose almost 15 per cent in Thursday’s trading vis-a-vis the previous close as the Government decided on a strategic disinvestment of its stake and transfer of management control in the Bank.
In intraday trading so far, the bank’s shares touched a high ₹43.50 apiece and a low of ₹40.15. The shares closed at ₹37.95 on Wednesday.
The bank, in a regulatory filing on Wednesday, said the Department of Investment and Public Asset Management (DIPAM) has informed that the Cabinet Committee on Economic Affairs has given its in-principle approval for strategic disinvestment of Government of India’s (GoI) stake, along with transfer of management control in IDBI Bank Ltd. ....

Bank Ltd , Board Of Life Insurance Corporation India , Idbi Bank , Department Of Investment , Cabinet Committee On Economic Affairs , Bank Go , Public Asset Management , Cabinet Committee , Economic Affairs , Life Insurance Corporation , Reserve Bank , Management Control , Government Of India , In Principle Approval , வங்கி லிமிடெட் , இட்பி வங்கி , துறை ஆஃப் முதலீடு , மந்திரி சபை குழு ஆன் பொருளாதார வாழ்க்கைத்தொழில்கள் , வங்கி போ , பொது சொத்து மேலாண்மை , மந்திரி சபை குழு , பொருளாதார வாழ்க்கைத்தொழில்கள் , வாழ்க்கை காப்பீடு நிறுவனம் , இருப்பு வங்கி , மேலாண்மை கட்டுப்பாடு , அரசு ஆஃப் இந்தியா ,

Chief medical officer of health COVID-19 update – May 3, 2021


Chief medical officer of health COVID-19 update – May 3, 2021
Alberta’s chief medical officer of health and officials provide an update on COVID-19 and the ongoing work to protect public health.
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Thank you, Premier, and good afternoon everyone.
Over the last 24 hours, we have identified 2,012 new cases of COVID-19, and completed about 15,000 tests.  
Our positivity rate currently stands at 13.2%.
We have identified 1,900 additional cases of variants of concern in the last 24 hours.
Variants currently represent about 64% of our active cases. ....

Alberta Health , Edmonton Zone , Calgary Zone , Rocky View County , First Nation , May 2021 , Co Vid , ஆல்பர்ட்டா ஆரோக்கியம் , எட்மண்டன் ஸோந் , கல்கரி ஸோந் , பாறை பார்வை கவுண்டி , முதல் தேசம் , இணை வித் ,

Broker's call: Coromandel Intl (Reduce) - The Hindu BusinessLine


Broker s call: Coromandel Intl (Reduce)
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Updated on
CMP: ₹730
Coromandel International has reported mixed results with topline flat at ₹2,850 crore y-o-y (Prabhudas Lilladher’s expectation was 8 per cent degrowth), but EBITDA declined 33 per cent at ₹260 crore (expectation was ₹360 crore) driven by RM cost inflation. The company became net cash due to robust cash generation led by healthy performance in FY21, higher inflow of subsidy (received ₹5,000 crore in FY) and lower working capital driven by 34-day decline in receivables. CP segment clocked healthy topline growth, but margins were under marginal stress due to pricing pressure from international geographies.
The segment continues to be on structural growth trajectory driven by rich product pipeline, expanding geographical presence and focus on expanding registrations. ....

India General , Prabhudas Lilladher , Coromandel International , Coromandel Intl , Topline Flat , இந்தியா ஜநரல் , பிரபுடச் லில்லாதர் , கோரமண்டல் சர்வதேச , கோரமண்டல் இந்தில் ,