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Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period.
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News and Media
According to Nagaraj Shetti of HDFC Securities, the Nifty index has recently regained support from its 10-day and 20-day exponential moving averages (EMAs) after briefly dipping below them. This reinforces the significance of these moving averages as a support level for the index over the past several weeks.
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News and Media
Gautam Adanis power transmission unit, Adani Energy Solutions, prepared a share sale of at least 50 billion rupees, with banks ICICI Securities, Jefferies Financial, and SBI Capital as advisers. The sale could conclude by mid-August.
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News and Media
Domestic gold prices recovered on Friday gaining by over Rs 500 per 10 gram in intraday trade, taking cues from international prices. The prices were up ahead of the crucial inflation data in the US which could give more clarity on the timing of the interest rate cuts by the Federal Reserve.
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News and Media
Jayesh Mehta, Vice-Chairman & CEO of DSP Finance, explained the recent fall in the rupee against the dollar, attributing it to a risk-off situation and the strengthening of the dollar. Despite the current scenario, he mentioned that the rupee might not sustain at the 84 level for long-term due to India's strong economic story.
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News and Media
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