Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

State-run Punjab National Bank, the country’s fourth-biggest lender by assets, reported a 2 per cent rise in second-quarter profit, beating forecasts. Its shares rose over 5 per cent to Rs. 208 at day’s high. Net profit rose to Rs. 561...
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Cipla Shares Surge Over 6% On Strong Q1 Earnings

Cipla Shares Surge Over 6% On Strong Q1 Earnings

New Delhi: Shares of drug major Cipla today rose over 6 per cent after the company reported 23.63 per cent rise in consolidated net profit for the first quarter ended June 30. After opening the trade on a positive note,...
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JP Associate Shares Surge 19% After Posting Profit In June Quarter

JP Associate Shares Surge 19% After Posting Profit In June Quarter

Jaiprakash Associates (JP Associate) shares surged as much as 19 per cent on Monday after the debt-laden company on Saturday reported profit for the first time after many quarters of losses. Its shares made a high of Rs. 30.15 on National Stock...
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23% Jan Dhan Accounts Still Without Balance, Deposit Surge Abates

23% Jan Dhan Accounts Still Without Balance, Deposit Surge Abates

The upper limit for deposits in Jan Dhan account is Rs. 50,000. New Delhi: Despite a huge surge in total deposits in Jan Dhan accounts following demonetisation, about one-fifth of these still continue to have no balance. Net addition in...
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Samsung Expects Q3 Profit Jump as Chip Surge Eases Galaxy Note 7 Recall Blues

Samsung Expects Q3 Profit Jump as Chip Surge Eases Galaxy Note 7 Recall Blues

South Korea’s Samsung Electronics Co expects third-quarter profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant. The world’s bigge...
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