Future beyond FY22-FY23 looks stronger by the day
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Last Updated: May 04, 2021, 11:22 AM IST
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Synopsis I do not think anyone in corporate India would have thought the kind of savings that one could do by working in a digital and technology driven environment.
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Salil Pitale, Joint MD & Co-CEO,
Axis Capital, says despite worries over Covid 2.0, the inherent demand continues to be strong and profitability has only improved for the better. Therefore, the future beyond FY22-FY23 looks stronger by the day. It is stronger for companies who are leaders of the pack, he says in an interview with ET Now. Edited excerpts:
Sensex extends gains on Q4 earnings boost. Here s what else is driving D-Street
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US consumer confidence jumped to a 14-month high in April as increased vaccinations against Covid-19 and additional fiscal stimulus allowed for more services businesses to reopen.
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NEW DELHI: Superior earnings from India Inc, especially the banking sector, has given a lease of life to investors who continued their buying spree even as the Covid-19 pandemic reached a grim milestone.
There are some consistent trends in the market now. One, despite the bad news on the pandemic front, the market has been maintaining the upside momentum. Two, FIIs have been consistent sellers and DIIs have been consistent buyers. These trends are likely to continue in the short run and markets are likely to remain strong, said an analyst.
Investors make Rs 2.1 lakh crore as Sensex extends rally to third day on earnings boost
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Investors make Rs 2.1 lakh crore as Sensex extends rally to third day on earnings boostBy
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A buying spree by domestic institutional investors and retail investors is also negating the impact of foreign fund outflows, say analysts.
The NSE Nifty 50 index gained 211.50 points or 1.44% to end at 14,864.55.
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NEW DELHI: Equity benchmarks extended a rally to the third day in a row on Wednesday as short covering ahead of the F&O expiry and better-than-expected March quarter numbers from banking companies lifted the spirits on Dalal Street.
Bhopal (Madhya Pradesh) [India], April 27 (ANI): Infrastructure major Dilip Buildcon said on Tuesday that its board of directors has approved the issue and allotment of 94.45 lakh equity shares at issue price of Rs 540 per unit including a premium of Rs 530 against the floor price of Rs 568.41 share aggregating to more than Rs 510 crore.
Dilip Buildcon closes QIP issue on 26 April business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.