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Check out the companies making headlines before the bell:Under Armour (UAA) – The athletic apparel maker posted an adjusted loss of 1 cent per share in the company's transition quarter, compared with a profit estimate of 6 cents per share. The company is changing its fiscal year, with the
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Preliminary findings of consultancy firm E&Y after the review of the commercial vehicle (CV) loan portfolio in IndoStar Capital Finance have found deviations from the company's loan approvals, foreclosures and restructured loans, for which the company will have to take a provision of between Rs 557 crore to Rs
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State-owned Punjab National Bank (PNB) on Friday said it has hiked its external benchmark linked lending rate by 0.40 per cent to 6.90 per cent with effect from June 1. The move comes a day after several lenders, including ICICI Bank, Bank of Baroda and Bank of India, raised
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The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to
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The RBI on Friday imposed a penalty of Rs 5 lakh each on Daimler Financial Services India and KKR India Financial Services for non-compliance with directions related to 'monitoring of frauds in NBFCs'. The central bank said it conducted statutory inspection of the two companies with reference to their financial
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RBI said that EHL should divest its shareholding in its subsidiary Equitas Technologies P Ltd prior to the merger while the bank should bring Equitas Development Initiatives Trust and Equitas Healthcare Foundation under its ambit. The regulator also said that investors which will be acquiring or holding 5% or more
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Xi Jinping seen giving a speech during the centenary of the founding of the Chinese Communist Party, in Fuyang on July 1, 2021. From a political perspective, 2022 is a particularly critical year for China, as Xi is expected to gain an unprecedented third term this fall at the
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Nio is planning to list its shares in Singapore. This would be the Chinese electric carmaker's third listing location, following its IPO in New York and a secondary listing in Hong Kong.Costfoto | Future Publishing | Getty ImagesChinese electric carmaker Nio said Friday that it's planning a secondary share
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Axis Mutual Fund is believed to have sent two of its top fund managers, Viresh Joshi and Deepak Agrawal, on leave. According to ET NOW, the decision to send them on leave came after allegations of front running. Sebi is believed to have taken cognisance of the case and launched
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Just as they have every month since this past summer, officials from OPEC and its allies met via teleconference Thursday and decided to continue their program of modest additions to the market. The producers group, which has 23 members including Saudi Arabia and Russia, issued a statement saying it
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