Mon, Oct 30, 2023 10:40 AM
Running On Empty: NTPC power plants have coal stocks of only 8.5 days
A Flip by Avya Verma
Gold prices on Friday (May 3) declined by ₹100 to ₹70,636 per 10 grams in futures trade on the Multi Commodity Exchange (MCX) as speculators reduced their positions. Analysts attributed the fall in gold prices to weak global cues and profit booking at higher levels. Globally, gold was trading 0.05% lower at ₹2,308.40 per ounce in New York.
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Federal Bank reported a mixed quarter; core PPoP miss of 7.9% led by opex drag, was offset by superior NIM (due to better liqudity management) and provision reversal of Rs1.17bn that led to core PAT beat of 12.6%. Part of provision write-back was adjusted against service fees which would normalise. Credit mix has improved YoY since retail share has risen by from 54% to 56%.
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IT major Infosys Limited has allotted more than 6.57 lakh equity shares to eligible employees. The allotment, confirmed through a resolution on May 1, 2024, and approved the following day, was facilitated under two stock incentive plans, the company said in an exchange filing on May 3.The allotment of shares under these schemes is to expand employees' ownership in the company.
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