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PSBs clock 9% rise in profit to Rs 15,306 crore in April-June

All the 12 public sector banks earned a cumulative profit of about ₹15,306 crore, registering a 9.2% growth annually, despite poor showing by large lenders like and . During the April-June period of the previous fiscal, state-owned banks recorded a total profit of ₹14,013 crore, according to quarterly

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Stocks making the biggest moves midday: Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more

A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019.Orlando Sentinel | Tribune News Service | Getty ImagesCheck out the companies making headlines in midday trading.Norwegian Cruise Line — Shares sank nearly 12% on Tuesday after the company

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Apple Card’s rapid growth, outside vendors blamed for mishaps within Goldman’s credit-card business

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California.Noah Berger | AFP | Getty ImagesWhen it was unveiled in 2019, Apple touted its new credit card as a gamechanger with unheard-of levels of simplicity and transparency.Behind

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Centrum, AWR Lloyd joins hands to offer infra i-banking services

Centrum Capital, the investment banking arm of the diversified financial services organization, Centrum Group said on Tuesday that it joined hands with AWR , an Indo-Pacific strategy consulting and corporate finance advisory firm to offer investment banking products and services. Both the companies will work closely with private and public

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Health insurance eating into PSU companies’ profits: CAG

State-run general insurance companies may have to raise the group health insurance premium to remain viable as the Rs. 43,000 crore market faces the prospects of state-run companies losing market share. Without a rise in health insurance premium, it could erode profits from other segments, said an audit of

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Assam: NEDFI announces new micro lending scheme

North Eastern Development Finance Corporation (Nedfi) has come up with a micro lending scheme. The Assam government has announced Rs 100 crores contribution towards the Micro Lending Scheme. Assam Chief Minister Himanta Biswa Sarma on Tuesday attended as chief guest the 27th Foundation Day celebration of the North Eastern Development

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Stocks making the biggest moves in the premarket: Novavax, GoodRx, Allbirds and more

Take a look at some of the biggest movers in the premarket:Novavax (NVAX) – The drugmaker's stock plummeted 32.3% in the premarket after posting an unexpected quarterly loss and cutting its full-year revenue guidance in half. Novavax said it did not expect any further U.S. sales of its Covid-19

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HDFC gets NHB nod for proposed merger with subsidiary bank

Mortgage major has received approval from the National Housing Bank (NHB) for its merger with subsidiary , a regulatory filing said on Tuesday. The NHB has also approved the merger of two wholly-owned subsidiaries -- HDFC Investments and HDFC Holdings Limited -- of the housing finance company with

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