Federal Bank Q2 Results: Profit rises 11% to Rs 1,057 crore, NII up 15%
The total income increased to Rs 7,541 crore during the quarter under review against Rs 6,186 crore in the same quarter last year, Federal Bank said in a regulatory filing.
Tech view: Sustenance of upmove in Nifty crucial for buying interest, resistance at 24,567. How to trade tomorrow
Nifty closed with a meaningful gain after several days. It formed a high wave type candle, hinting at an upward correction. Support is at 24,073-24,135, and resistance at 24,567. Sustenance of this upmove is crucial. The highest OI on the call side is at 24,500 and 24,400 strike prices, while on the put side, it’s […]
We see large opportunities in India, will start manufacturing in US this financial year: Hitesh Doshi, Waaree
Hitesh Doshi, Chairman of Waaree Energies, highlights how ALMM is boosting Indian module manufacturing. He discusses the company’s global and domestic expansion strategies. Waaree plans to increase manufacturing capacities and backward integration. Aiming for energy security, the company is optimistic about future growth, driven by green energy initiatives and government support. Waaree remains confident in […]
V Vaidyanathan on how IDFC First Bank is growing@30% despite MFI business stress & infra loan account write-off
IDFC First Bank’s CEO, V Vaidyanathan, reveals stress in the microfinance sector due to multiple adverse events. Despite rising delinquencies, IDFC First fares better than peers. A significant write-off on an infrastructure loan is also highlighted. However, robust deposit growth and overall portfolio health indicate resilience and continued growth prospects.
PNB Q2 Results: Net profit zooms 145% YoY to Rs 4,303 crore
PNB Q2 Results: The lender earned interest income of Rs 29,875 crore in the reported quarter, reflecting a 13% increase from Rs 26,355 crore in the corresponding quarter of the previous financial year.
Ambuja Cements Q2 Results: Standalone profit falls 22% YoY to Rs 501 crore
Ambuja Cements reported a standalone net profit of Rs 501 crore for the second quarter ended September 2024, marking a 22% decline year-on-year from Rs 644 crore in the same quarter last year.
SpiceJet shares up 4% on launching 32 new flights to expand domestic, international connectivity
SpiceJet Shares Price: SpiceJet shares rose 4.2% after announcing 32 new flights for winter, enhancing connectivity. The airline aims to improve customer experience with increased frequencies and routes.
Q2 saw normalisation of growth in IndiGo; expect lower double-digit growth in Q3: Pieter Elbers
IndiGo’s CEO, Pieter Elbers, discusses the airline’s growth, the impact of seasonal trends, and increased travelers post-COVID. Despite facing high grounded aircraft numbers, supply chain issues, and extra costs, IndiGo sees improvements and anticipates better performance in the coming quarters. The company is adjusting growth to seasonal patterns and plans for international expansion.
Nuvama Wealth Management Q2 revenue jumps 50%, operating PAT rises 77%
Nuvama Wealth Management reported a 50% revenue increase to Rs 740 crore, with strong growth in wealth and asset management, and an optimistic outlook for India’s economic future.
Afcons Infrastructure IPO lags with 18% subscription on Day 2 so far. GMP drops to 4%. Check details
Afcons Infrastructure’s IPO was only 18% subscribed on day two. Analysts recommend long-term investment, citing a strong business model despite challenges like low profit margins and government dependency.