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As on Jan 20, 2017 12:00 AM Your results on : Stock Alert    
Axis Bank in focus after Q3 results
20-Jan-2017 (07:52)

Axis Bank's net profit fell 73.35% to Rs 579.57 crore on 15.72% growth in total income to Rs 14501.21 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 19 January 2017.

The bank's gross non-performing assets (NPA) stood at Rs 20466.82 crore as on 31 December 2016 as against Rs 16378.65 crore as on 30 September 2016 and Rs 5724.05 crore as on 31 December 2015.

The bank's ratio of gross NPAs to gross advances stood at 5.22% as on 31 December 2016, as against 4.17% as on 30 September 2016 and 1.68% as on 31 December 2015. The bank's ratio of net NPAs to net advances stood at 2.18% as on 31 December 2016, compared with 2.02% as on 30 September 2016 and 0.75% as on 31 December 2015. Axis Bank's provisions and contingencies jumped 432.67% to Rs 3795.80 crore in Q3 December 2016 over Q3 December 2015.

State Bank of Mysore said that its board will meet on 24 January 2017, to consider raising upto Rs 1000 crore by issuing Basel III compliant additional tier 1 bonds. The issue parameters will be as decided by the board. The announcement was made after market hours yesterday, 19 January 2017.

Bharti Airtel said that its board will meet on 24 January 2017, to consider raising funds through issue of debentures/bonds through private placement. The announcement was made after market hours yesterday, 19 January 2017.

Adani Ports and Special Economic Zone (APSEZ) said it raised $500 million by allotting fixed rate senior unsecured notes . The said notes will be listed on Singapore Exchange Securities Trading. The announcement was made after market hours yesterday, 19 January 2017.

GMR Infrastructure announced that the international competitive bidding process for the selection of developer for Integrated Retail Development has been completed. This is in addition to 5.67 Lakh square meters (sqm) already developed as Hospitality District at Delhi Aerocity. DIAL has issued the letter of award to design, develop, construct, finance, own, operate and maintain the 'Integrated Retail Development Project' with FSI of 1.96 lakh sqm to Bharti Realty Holdings. The transaction involves upfront payments of Rs 315 crore (including RSD, ADC, bid processing fee) and license fee equivalent to 20% of revenue with minimum guaranteed payments. The effectiveness of the transaction is subject to certain conditions precedents and necessary approvals. The announcement was made after market hours yesterday, 19 January 2017.

MEP Infrastructure Developers said that its subsidiary, MEP Sanjose Arawali Kante Road, achieved financial closure as per the concession agreement executed with the Ministry of Road Transport and Highways (MORTH) dated 28 June 2016 for the rehabilitation and upgradation of Arawali-Kante section of National Highway (NH)-66 in Maharashtra to four lane with paved shoulder under NHDP IV on hybrid annuity mode by tying up of project finance of Rs 266.84 crore. The bid project cost is Rs 592.98 crore out of which project finance will contribute Rs 266.84 crore and remaining will be funded by grant from MORTH and equity contribution by the subsidiary company. The announcement was made after market hours yesterday, 19 January 2017.

Cipla in spotlight as arm to sell stake in Four M Propack
19-Jan-2017 (07:46)
SBI in focus after raising $500 million from overseas bond sale
18-Jan-2017 (07:44)
RIL in spotlight after Q3 results
17-Jan-2017 (07:57)
Coal India in focus after hiking coking coal price
16-Jan-2017 (08:02)
TCS in focus after declaring Q3 result
13-Jan-2017 (07:56)
TCS in focus ahead of Q3 results
12-Jan-2017 (08:16)
Tata Motors in spotlight after declaring global wholesales for December
11-Jan-2017 (08:19)
Engineers India may advance after large order win
10-Jan-2017 (08:28)
Aurobindo Pharma in spotlight after securing USFDA approval for Levetiracetam
09-Jan-2017 (08:10)
Wockhardt may gain after getting EU GMP certificate for Gujarat facility
06-Jan-2017 (08:38)
Sun Pharma may gain after successful clinical trial of ophthalmic solution
05-Jan-2017 (08:39)
Bharti Airtel may gain after announcing a special offer
04-Jan-2017 (08:43)
Hero MotoCorp may drop on weak sales in December
03-Jan-2017 (08:41)
Maruti Suzuki may drop on fall in sales in December
02-Jan-2017 (08:33)
Sun Pharma to be watched after clarification on fire accident
30-Dec-2016 (08:10)
RIL in spotlight after commissioning new Paraxylene plant at Jamnagar
29-Dec-2016 (08:09)
TCS in focus after securing contract from a Canada firm
28-Dec-2016 (08:11)
Sasken Comm in focus after fixing record date for buyback
27-Dec-2016 (08:00)
Yes Bank to be watched after raising Rs 3000 crore via bonds
26-Dec-2016 (08:03)
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