Shares of Kotak Mahindra Bank slumped nearly 11% Thursday after the central bank imposed a ban on the lender from issuing credit cards and onboarding new customers through mobile banking and online banking due to supervisory concerns in the bank's IT systems. This is the single largest fall in the stock since March 2020 and it led to a wipe out of ₹39,322 crore from total market cap of the stock.
Open FlipSuccessful completion of Vodafone Idea's ₹18,000-crore follow-on public offering (FPO) has triggered a re-rating of most of the Aditya Birla Group stocks, which predominantly focuses on commodities. Since the ₹5,400-crore anchor book of Vodafone was fully subscribed last Tuesday, the group has gained $8 billion, or ₹65,000 crore, in market capitalization.
Open Flip360 One Wam Q4 Results: 360 One Wam declared their Q4 results on 23 Apr, 2024. The topline increased by 61.41% & the profit increased by 56.11% YoY. As compared to the previous quarter the revenue grew by 22.24% and the profit increased by 26.29%. The Selling, general & administrative expenses rose by 29.18% q-o-q & increased by 69.45% Y-o-Y. The operating income was down by 28.56% q-o-q.
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