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The European planemaker is moving to a rate of 12 A350 jets a month by 2028, superseding previous plans to reach 10 by 2026, it said as it reported figures for the first quarter. Earnings before interest and tax reached 577 million ($619 million), missing the 814 million forecast by analysts in a Bloomberg survey, amid higher costs.
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News and Media
IndusInd Bank reported 15% growth in net profit to Rs2,349 crore for the quarter ended March 31, 2024 compared to 2,043 crores during corresponding quarter of previous year on account of increase in loan book and higher yield on advances.
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News and Media
On Wednesday evening, the Reserve Bank of India (RBI) barred the Uday Kotak-promoted lender from onboarding new customers through its online and mobile banking channels and directed them to stop issuing new credit cards. The regulator cited serious deficiencies and non-compliances and continued failure on the part of the bank to address these concerns in a comprehensive and timely manner.
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News and Media
SBI shares had been in a consolidation zone of Rs 720-790 for almost two months now and on Thursday it gave a channel breakout with good volumes. With the Daily Relative Strength Index (RSI) on the verge of entering an extremely bullish zone, this stock can touch the Rs 850-860 zone in the short term.
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News and Media
In the March 2024 quarter, the company's revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management commentary during an analyst call after the results hinted at a sustained demand for rooms in FY25.
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News and Media
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