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ITC Limited Q4 FY21 Results: Net Profit Declines 1.3% To Rs 3,748 Crore, Board Recommends Dividend

Promoted
The company s board recommended a final dividend of Rs 5.75 per ordinary share of Re 1 each for the financial year 2020-21, upon declaration of board members. If declared, the final will be paid on August 13, 2021. ITC s cigarette business reported recovery with the easing of restrictions and improved mobility. Its volumes touched nearly pre-Covid levels towards the end of the year, said the company in its statement.
ITC s earnings before interest, tax, depreciation, and amortization (EBITDA) of the non-cigarette FMCG business grew 19.3 per cent in the fourth quarter of fiscal 2020-21, to Rs 305.98 crore. The company s agriculture business reported strong growth in the March quarter, with its sales surging 78 per cent on yearly basis. ....

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Zydus Cadila Q4 FY21 Results: Zydus Cadila Net Profit Rises 73% To Rs 679 Crore In January-March Quarter

Zydus Cadila Q4 FY21 Results: Cadila Healthcare reported a 73 per cent rise in consolidated net profit to Rs 679 crore in the January-March quarter of the financial year 2020-21. ....

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ASX to rise; ASIC sues AMP

ASX closes flat; Miners surge, Costa sinks
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Alex Gluyas
A rally in bond prices has provided fund managers the opportunity to capitalise on a burst of interest in technology stocks before a pivot in central bank policy pushes yields higher, and instigates a rotation away from growth and into value, strategists say.
GSFM adviser Stephen Miller.
Andrew Quilty
The ongoing dovish commentary from the US Federal Reserve reiterating that inflationary pressures are transitory has supported a bounce back in tech stocks over the past week, but not necessarily a sustainable one.
“A concerted effort from key Federal Reserve speakers, who have sought to cast any inflation as transitory, appears to have worked, as bond yields have retreated from their highs and equity markets have ground out rallies,” said GSFM investment strategist, Stephen Miller. ....

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ICICI Bank Links UPI ID To Pockets Digital: Customers Can Now Make UPI Payments With Pockets Digital Wallet

ICICI Bank is the first bank to introduce such a facility for customers
ICICI Bank today announced the linking of UPI or Unified Payments Interface ID to its digital wallet pockets , marking an exit from the current practice which demands such IDs to be linked with a savings bank account. With this facility, the country s second-largest private bank will enable customers to make UPI payments with the pockets digital wallet. According to a statement shared by ICICI Bank on Wednesday, May 26, the new users, including those who are not customers of the bank, can now instantly get a UPI ID, which is automatically linked to pockets . ( ....

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Barbeque Nation Share Price Today: Barbeque Nation Revenue Up 19% To Rs 226 Crore In March Quarter, Stock Zooms 20%

Share price of Barbeque Nation settled 18.86 per cent higher at Rs 760.20 on the BSE.
Share price of Barbeque Nation surged around 20 per cent on Tuesday, May 25, after the leading casual dining restaurant chain announced its January-March quarter results for the financial year 2020-21. On Tuesday, Barbeque Nation opened on the BSE at Rs 659, swinging to an intra day high of Rs 767.50 and an intra day low of Rs 650.75, throughout the trading session. Barbeque Nation reported a net profit of Rs 6 crore in the March quarter for fiscal 2020-21, compared to a loss of Rs 28 crore in the corresponding quarter of the previous fiscal. ....

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