Wed, May 25, 2022 1:04 PM
Tether's co-founder says users will never have issues redeeming Tether
A Flip by Ria
Sharekhan's research report on UPL: Revenue for the quarter of Rs. 14078 crore grew -15% y-o-y, ahead of our estimates of -28%. Revenue was affected by liquidation of high cost inventory and high rebates. CPC revenues from North America/LatAM/India posted a sharp decline of 49%/24%/24% y-o-y. EBITDA margin for the quarter was 13.7%, a decline of 458 bps y-o-y due to the revenue impact.
Open Flip
ICICI Securitie's research report on Syrma SGS Technology: Syrma reported revenue/EBITDA growth of 66.9%/24.4% YoY while APAT declined 17.5% YoY. Gross/EBITDA margin contracted 430bps/222bps YoY due to higher commodity costs and change in revenue mix. Profitability was impacted due to higher depreciation and finance costs. Revenue growth was higher due to the effect of revenue shift from Dec’23.
Open Flip
State Bank of India (SBI) recently announced an upward revision in its interest-rate buckets, signaling an increase of 25-75 basis points (bps) in select categories. The adjustment primarily targets deposits with a maturity of less than 12 months. This move comes amidst concerns around sluggish growth of deposits compared to loans, prompting lenders to take proactive measures.
Open Flip
