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Index Outlook: Staying firmly bullish
Supports are there to limit the downside and take the indices higher
US Market Outlook: Bourses get a breather
The benchmark indices, however, have to breach their resistance to become bullish again
Yes Bank moves SC seeking review of order on writing off of Rs 8,415 cr AT-1 bonds
Yes Bank has filed a petition with the Supreme Court to review an order from October 15. This order upheld a Bombay High Court ruling that quashed the bank's decision to write off AT-1 bonds. These bonds, worth Rs 8,415 crore, were questioned during Yes Bank's financial difficulties. The high court ruled that the bank's administrator lacked authority for such a write-off.
RHI Magnesita Q2 net profit jumps 62 pc to over Rs 62 cr
RHI Magnesita has reported a remarkable surge in net profit, soaring to Rs 62.09 crore for the September quarter. The consolidated revenues experienced a modest increase, hitting Rs 1,038.26 crore this period. Additionally, overall expenses decreased to Rs 953.06 crore compared to the last year. EBITDA saw a 30 percent growth, reflecting operational enhancements despite challenging economic conditions.
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