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16 June 2021
10:39 hour

SBI witnesses rebound in domestic advances growth to 5.67% in FY21

Money Works 4 Me

05/06/2021 - 22:17

Deposits grew in double digits, while advances rebounded compared to the preceding fiscal year


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  1. HPCL profit hits all-time high of Rs 10,664 crore in FY21 (21/05/2021 - Financial Express)
    Domestic consumption of petroleum products in FY21 fell 9.1% y-o-y to 194.7 MT across the country.
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  2. NLC India witnesses capacity addition of 517 MW in FY21 (10/04/2021 - Financial Express)
    With this, NLCIL and its subsidiaries’ installed power generating capacity has increased to 6,061.06 MW.
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  3. Domestic natural gas output two-year high in March falls 8% in FY21 (21/04/2021 - Financial Express)
    Indigenous natural gas production caters to about 51% of the country’s requirements, while around 85% of the country’s crude oil is imported. Domestic natural gas output had fallen 2.8% y-o-y to 31,168.4 mscm in FY20, reversing the growth trend recorded since FY18.
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  4. Moody’s upgrades power sector outlook from negative to stable (08/02/2021 - Financial Express)
    “Our expectations of a rebound in India's real GDP growth to 10.8% in FY22, after a sharp contraction in FY21, further underpins the potential for improving growth in power demand and a more stable picture for the sector,” said Moody’s.
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  5. Steel industry faces challenges to pursue growth with stability (15/05/2021 - Financial Express)
    Manufacturing for full FY21 grows by (-) 9.8% and IIP by (-) 8.6%. This may be compared to second advance estimates for GDP to de-grow by 8% in FY21.
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  6. Capitol Report: Trump’s impeachment trial extended after 55-45 Senate vote for witnesses (13/02/2021 - Market Watch)
    Former President Donald Trump's second impeachment trial looks on track to last longer than expected after the Senate votes on Saturday morning in favor of calling witnesses.
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  7. Budget underestimates taxes for FY21 and FY22 (11/03/2021 - Financial Express)
    The actual tax collection in FY21 could be of about Rs 21.25 lakh crore. This will have an impact on the budgeted estimates (BE) for the next fiscal year. BE FY22 gross tax revenue (GTR) is pegged at Rs 22.17 lakh crore, an increase of about 17% over RE FY21 GTR. Assuming the actual GTR in FY21 to be Rs 21.25 lakh crore, the increase in BE FY22 GTR over RE FY21 GTR stands at a mere 4%
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  8. Tough FY21: States to buck trend, report capex decline (05/04/2021 - Financial Express)
    Capital expenditure by state governments will likely shrink in FY21, bucking the trend of robust growth in fixed asset creation reported by most of them in recent years.
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  9. Coromandel International: ‘Buy’ with TP of Rs 1,030 (10/04/2021 - Financial Express)
    Overall fertilizer industry volumes grew 8% YoY in FY21 on the back of 19% volume growth in MOP; NPKS and SSP volumes grew 17% each for FY21.
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  10. Roller-coaster: FY21 market rally broad-based; benchmarks return over 60% (30/03/2021 - Financial Express)
    The benchmarks have returned over 60% in FY21. The Sensex and Nifty have risen by 64.38% and 66.61%, respectively, over FY21, driven largely by foreign portfolio flows of $37.48 billion that came into Indian equities.
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  11. Govt aims to raise domestic gas production by 75% in three years (11/06/2021 - Financial Express)
    Domestic natural gas production in FY21 was 28.6 BCM, while 30.5 MT of crude oil was produced in the country in the fiscal. Indigenous natural gas production caters to about 51% of the country’s requirements, while around 85% of the country’s crude oil is imported.
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  12. Dhanlaxmi Bank’s advances grow 4.75% in Q4 (08/04/2021 - Financial Express)
    Meanwhile, the gold loan portfolio recorded an y-o-y increase of 48.13% during the fourth quarter. Sequentially, gold loan advances grew 5.6%.
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  13. General Insurance: Premium growth at 7% in FY21 due to retail health, fire (29/04/2021 - Financial Express)
    Share of retail health in overall general insurance premiums (ex-crop) increased to 16% in FY21 from 13% over FY2018-20
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  14. Morgan Stanley picks cyclicals over defensives as India’s growth cycle unfolds; bets on these stocks (09/04/2021 - Financial Express)
    As India advances towards the post-pandemic world, the economic growth story is unfolding and getting stronger.
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  15. Sobha’s Q3 FY21 net profit declines 72%, but posts best ever quarterly sales , price realisation (12/02/2021 - Financial Express)
    The company’s consolidated revenue fell 23% y-o-y to Rs 696 crore in Q3 FY21, however on a quarter-on-quarter (q-o-q) basis, it rose 27% from Rs 546 crore in Q2 FY21. It reported an Ebitda of Rs 138 crore, up 8% q-o-q, and an Ebitda margin of 20%.
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  16. ZEE registers 7.5% rise in domestic advertising revenue: ‘The Inside Story’ (10/02/2021 - Financial Express)
    The company claims to have witnessed a 33.2% increase in consolidated revenue during Q3, FY21
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  17. FY21 a stellar year for the highway sector (12/04/2021 - Financial Express)
    As much as ~13,300 km of National Highways were built in FY21 compared with around 10,240 km in FY20, up around 30% y-o-y.
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  18. Apr-Dec FY21: States’ budgetary capital expenditure down nearly a quarter (16/02/2021 - Financial Express)
    In contrast, Centre sees a 30% rise in capex in FY21, and budgets a 26% jump for FY22
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  19. ESAF SFB FY21 net profit dives 45% (26/05/2021 - Financial Express)
    The operating profit increased from Rs 324.70 crore in FY20 to Rs 415.84 crore in FY21.Total business registered growth of 25.85% from Rs 13,846 crore for the year ended March 31, 2020, to Rs 17,425 crore for the year ended March 31, 2021.
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  20. Report card: PFC reports all-time high profit of Rs 8,444 cr in FY21 (16/06/2021 - Financial Express)
    The company’s board on Tuesday approved a dividend of Rs 2 per equity share of face value of Rs 10 each for FY21.
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  21. Devil’s in detail of capex figures for FY21-22 (14/02/2021 - Financial Express)
    However, after making necessary adjustments, combined capital outlays are pegged to grow by 6.6% y-o-y in FY21 and 12.3% y-o-y in FY22, Motilal Oswal has said.
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  22. Private banks’ net advances grow in March quarter (05/04/2021 - Financial Express)
    Private lenders have reported an improvement in the net advances during the March quarter (Q4FY21), according to provisional data released by the banks.
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  23. Illumina sees FY21 revenue growth 25%-28%, consensus $3.91B (05/04/2021 - Seeking Alpha)

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  24. SPY witnesses trade volumes 43.4% below its average (07/04/2021 - Seeking Alpha)

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  25. Covid-19 second wave: Weekend lockdowns not effective, says Centre; asks Maharashtra to ramp up healthcare system (06/04/2021 - Financial Express)
    As the nation witnesses exponential growth in the number of daily Covid-19 cases, Prime Minister Narendra Modi will hold a high-level meeting with the Chief Ministers of all the states on Thursday.
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  26. Covid-19 second wave: Moody’s slashes FY22 India growth forecast to 9.3% (12/05/2021 - Financial Express)
    However, it raised the FY23 growth projection for the country to 7.9% from 6.2% anticipated earlier. Still, over the longer term, it expected growth to hover around 6%. The agency also pegged India's real GDP contraction in FY21 at 7.2%, against 7% expected earlier.
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  27. NTPC delivers electrifying performance in FY21 (07/04/2021 - Money Works 4 Me)
    On a standalone basis, NTPC generated 270.9 BU in FY21, an increase of 4.3% over the previous year
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  28. SPY witnesses daily trade volumes 54% below its 30-day average (07/06/2021 - Seeking Alpha)

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  29. Canopy Growth FY21 loss widens as Q4 earnings miss expectations (01/06/2021 - Seeking Alpha)

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  30. RBL Bank logs 26% growth in deposits during Q4FY21 (07/04/2021 - Money Works 4 Me)
    The bank recorded Gross Advances of Rs 60,012 crore in the fourth quarter ending March 2021
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  31. iShares Core S&P 500 ETF (IVV) witnesses -$2.2B in ETF outflows, most among all ETFs on the week (11/06/2021 - Seeking Alpha)

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  32. SPY witnesses the highest short interest levels in 2021 (25/05/2021 - Seeking Alpha)

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  33. CIL’s higher capex likely to hit FY21 bottom line (08/04/2021 - Financial Express)
    CIL’s more than double capital expenditure at Rs 13,115 crore in FY21 against Rs 6,270 crore in FY20 had to be met through internal accruals putting pressure on the company’s balance sheet.
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  34. $ZKIN is Ready for Next Rebound After Finding Bottom (12/05/2021 - Reddit Stock Market)
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  35. Union Pacific foresees FY21 volume growth of ~6%, share repurchase targeted at $6B (08/06/2021 - Seeking Alpha)

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  36. Markets: Stocks have a stellar run in FY21 (31/03/2021 - Financial Express)
    The top gainer in the Nifty100 for FY21 was Adani Green Energy, which has rallied by 691.09%, followed by Adani Transmission, Tata Motors, Hindalco Industries and Motherson Sumi Systems that rose by 360.51%, 317.7%, 241.85%, and 225.96%, respectively.
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  37. Domestic natural gas output falls 2% in January (19/02/2021 - Financial Express)
    Domestic natural gas output fell 2.8% y-o-y to 31,168.4 mmscm in FY20, reversing the growth trend recorded since FY18.
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  38. Voltas Rating: buy- Results were well ahead of estimates (21/02/2021 - Financial Express)
    Growth visibility high for ACs; FY21-23 EPS up 9-10%; TP up to Rs 1274; ‘Buy’ retained
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  39. Cathie Wood’s newly launched ARKX witnesses a staggering $536M in inflows (07/04/2021 - Seeking Alpha)

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  40. Apple CEO Cook, executives on tentative list of witnesses in Epic Games case (20/03/2021 - Investing.com)

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  41. Data drive: The FY21 tax suprise (17/04/2021 - Financial Express)
    The Centre’s indirect tax collection grew 12%, to Rs 10.71 lakh crore, in FY21 on the back of higher collection from central excise (led by taxes and cesses on petroleum products as well as the recovery in consumption in the second half of the year).
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  42. Fantasy sports company PlayerzPot to increase its marketing spend to Rs 15-18 crore in FY21 (16/02/2021 - Financial Express)
    PlayerzPot expects to post Rs 6-7 crore as loss in FY21
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  43. Indonesia GDP Growth Rate (05/05/2021 - Trading Economics)
    The Gross Domestic Product (GDP) in Indonesia contracted 0.96 percent in the first quarter of 2021 over the previous quarter. GDP Growth Rate in Indonesia averaged 1.22 percent from 2005 until 2021, reaching an all time high of 5.05 percent in the third quarter of 2020 and a record low of -4.19 percent in the second quarter of 2020. Indonesian economy is the largest in South East Asia. The country has been growing steady in the last few years mostly due to high domestic consumption and growth in exports of manufactured products and commodities. This page provides - Indonesia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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  44. Indusind Bank’s Q4 net advances rise 3% (07/04/2021 - Money Works 4 Me)
    The Bank’s deposits also increased to Rs 2,56,158 crore in March 31, 2021, with growth of 27%
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  45. Number of people trained, placed by MSME Tool Rooms, NSIC, KVIC, other govt entities declines in FY21 (10/06/2021 - Financial Express)
    The total placement in terms of wage and self-employment also declined 25 per cent from 93,647 in FY20 and 21 per cent from 88,484 in FY19 to 69,831 till February-end in FY21.
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  46. Cathie Wood continues to trade key names & ARKK witnesses +1.6 billion in April inflows (21/04/2021 - Seeking Alpha)

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  47. Indofil Industries achieves sales of Rs 1,000 crore in FY21 (14/04/2021 - Financial Express)
    Speciality chemicals maker, Indofil Industries said on Tuesday that it has achieved a sales turnover of `1,000 crore in the domestic market for FY2020-21.
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  48. America reopens! Retail stores & malls, movie theatres... What stocks will rebound? (03/03/2021 - Reddit Stocks)
    I'm not American, but that doesn't prevent me from earning on your stock market. Discussion: What companies and businesses will rebound now that US reopens? Just these last days I saw 2-4 states are reopening. What are some big chain stores, malls, or other businesses that may rebound now?   submitted by   /u/Serious-Mobile [link]   [comments]
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  49. China restores GDP growth target after economic rebound (05/03/2021 - Investing.com)

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