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Showing posts from April, 2023

Premier League | Man City crush Arsenal to take upper hand in title race; Chelsea lose again to Brentford

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 Manchester City beat Arsenal 4-1, taking the Cityzens two points behind the Gunners with two games in hand and closer to a third consecutive Premier League title            England, on April 26, 2023 | Photo Credit: AP Manchester City’s Kevin De Bruyne celebrates after scoring the opening goal during the English Premier League match between Manchester City and Arsenal at Etihad stadium in Manchester, England, on April 26, 2023 | Photo Credit: AP The Premier League title is now Manchester City's to lose after a 4-1 rout of Arsenal on Wednesday. Pep Guardiola's team looked like champions-in-waiting with a ruthless win over the team that has led the way for much of the season. Arsenal is still out in front in the standings, but by the time Erling Haaland completed the scoring in stoppage time, the Londoners' title challenge looked effectively over. City remains two points behind the league leader but with two games in hand appears to be on course to be c...

Bajaj Finance shares rise 3% after Q4 results. Should you buy, sell or hold?

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 Bajaj Finance shares rose 3% following the firm's announcement of its consolidated net profit of INR 3,158 crore for the quarter ended 31 March, a 30% YoY increase. Its net interest income surged 28% to INR 7,771 crore YoY, while its assets under management rose 29%. The firm recommended a dividend of INR 30 per share for the year ending March. Analysts largely suggest holding onto the stock while Jefferies maintained its 'buy' rating due to its potential to enter the credit card market and favourable risk-reward outlook. Shares of NBFC Bajaj Finance rose 3% to Rs 6,254 in Thursday's trade on the BSE after the firm posted a consolidated net profit of Rs 3,158 crore for the quarter ended March, 30% higher compared to Rs 2,419 crore in the corresponding quarter of last year. The net interest income (NII) for the reporting period surged 28% to Rs 7,771 crore from Rs 6,061 crore in the year-ago period. Further, operating expenses to the net interest income were at 34.1% in...

The Adani group

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     The Adani Group is one of India's largest conglomerates, with interests in ports, logistics, energy, agriculture, and mining. Founded in 1988 by Gautam Adani, the group has grown rapidly over the past few decades and has become a significant player in India's economy. However, it has also faced criticism for its environmental impact and alleged business practices. Businesses of adani group The Adani Group's core businesses include Adani Ports and Special Economic Zone (APSEZ), Adani Power, Adani Transmission, Adani Gas, and Adani Mining. APSEZ operates India's largest port network, with facilities in Gujarat, Goa, and Andhra Pradesh. Adani Power is a leading private power generation company in India, while Adani Transmission operates India's largest private transmission network. Adani Gas provides natural gas to homes and industries, while Adani Mining is involved in coal mining, among other things. One of the most controversial projects undertaken by the Adani...

Adani conglomerate aims to raise about $800 million for financing green energy projects

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Adani group is aiming to raise about $800 million for new green energy projects, people familiar with the matter said, in what could be the conglomerate’s biggest borrowing since it was slammed by a short seller in January. Billionaire Gautam Adani-led group is in discussions with global banks including Sumitomo Mitsui Banking Corp., DBS Bank Ltd., Mitsubishi UFJ Financial Group. and Standard Chartered Plc, according to the people, who asked not to be identified as the discussions are private. The size of the financing could range from about $700 million to some $800 million, the people said. But the plan and size aren’t final, and could vary. A representative from Adani Group declined to comment. Sumitomo didn’t respond to emailed queries, texts and calls while DBS, Mitsubishi and Standard Chartered declined to comment. Any project financing could show banks’ increasing comfort in extending money, after Adani’s ports-to-power conglomerate was roiled by accusations of corporate fra...
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Bajaj finance  Bajaj Finance Ltd is a non-banking financial company (NBFC) that offers various financial products and services, including personal loans, business loans, home loans, and credit cards. The company is part of the Bajaj Group, which is one of the largest conglomerates in India. In recent years, Bajaj Finance has become one of the most popular stocks among Indian investors. Its share price has grown significantly over the past decade, making it a valuable addition to many investment portfolios. Why Bajaj Finance is popular in resent days    One of the reasons for Bajaj Finance's popularity among investors is its strong financial performance. In the fiscal year 2021, the company reported a consolidated net profit of Rs 4,430 crore, an increase of 4% from the previous year. Its total income also increased by 5% to Rs 23,011 crore. Another factor that has contributed to Bajaj Finance's success is its innovative approach to lending. The company uses a data-driven ...