Net interest income - the difference between interest earned on loans and that paid on deposits - a key source of income for banks, grew 9% year-on-year to 13,483 crore. Net interest margins for the September quarter basis eased to 3.99% against 4.11% a year ago.
The Nifty Auto index fell 3.5% while the benchmark Nifty ended 0.89% lower. All 15 stocks constituting the index closed lower on Thursday. Analysts said higher sales volumes typically mark the festival season for automobile manufacturers, but Bajaj Auto's lower-than-expected growth estimates surprised investors.
Investors placed bids for 236 million shares worth 46,320 crore in the issue, against the 99.8 million shares worth 19,555 crore (excluding anchor allotment) offered by Hyundai Motor India's South Korean promoters. Earlier this week, the company raised 8,315 crore (roughly 30% of the IPO size) as part of the anchor allotment from 225 institutional investors.
Commonwealth Development Partners wants to gut the interior of 500 N. Michigan Ave., a 24-story building, and replace its office space with up to 324 apartments, including 64 affordable units.
Its time for Medicare open enrollment, the few weeks between October 15 and December 7 when all current Medicare beneficiaries must make some important decisions about their coverage for 2025.
