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HDFC Bank reports 15% loan and deposit growth from last year in Q1
HDFC Bank's gross advances increased 15.4% to ₹30.61 lakh crore. Its current account savings account (CASA) deposits were up 9.4% to ₹10.25 lakh crore.
'Telcos may do well in Q1; tariff hikes likely in H2,' say analysts
Telecom operators are poised for single-digit revenue growth this quarter, driven by steady subscriber additions and users opting for premium 4G/5G plans. Analysts anticipate tariff hikes in the latter half of the fiscal year, with projections ranging from 10-20%. Bharti Airtel and Vodafone Idea are expected to see user base expansion, contributing to ARPU increases, though recent earnings reflect the absence of immediate price adjustments.
India's Godrej Consumer expects volume-driven first-quarter revenue rise
Godrej Consumer anticipates a robust first quarter, projecting high-teen consolidated revenue growth driven by solid underlying volume increases. The company implemented price adjustments to counter elevated input costs, with margins expected to improve progressively as commodity prices ease. Key international markets, including Indonesia and the GUAM region, demonstrated strong performance, contributing to the positive outlook and suggesting the company is on track to surpass its full-year targets.
Manufacturing MSME credit growth slows to three-year low: Report
Manufacturing MSMEs are experiencing the slowest credit growth in three years, raising concerns about lenders' strategies. Only 41% of registered small businesses have accessed formal credit, and the share of new borrowers is declining. While trades and services sectors saw faster credit expansion, manufacturing's asset quality improvement lagged. This trend highlights a need for collective efforts to boost credit accessibility for emerging enterprises.
IDBI Bank's Q1 business grows 15% as loans outpace deposit growth
IDBI Bank reported a 15% year-on-year increase in total business to ₹5.84 lakh crore for the June quarter, helped by a 22% rise in loans and a 10% increase in deposits, according to its provisional business update.
Mother Sparsh sees up to 40% growth as baby-care boom defies consumer slowdown
Mother Sparsh anticipates a robust 30-40% revenue surge this year, defying broader consumption slowdowns. Indian parents are prioritizing their babies' health and well-being, investing in premium, 'no nasties' products. Leveraging ITC's extensive distribution, the brand aims to expand its reach beyond online channels into smaller cities, tapping into a growing demand for trusted, scientifically-backed baby care solutions.
ICICI Prudential Mutual Fund crosses 5% stake in Container Corporation of India - scanx.trade
ICICI Prudential Mutual Fund crosses 5% stake in Container Corporation of Indiascanx.trade
IDFC FIRST Bank's loans grow 21%, deposits rise 18% in Q1; CASA ratio improves
IDFC FIRST Bank reported a 20.6% year-on-year growth in loans and advances and a 17.7% rise in deposits for the June quarter. The lender's CASA ratio improved to 50.8%, while it said asset quality continued to strengthen.
IDFC First Bank Q1 update: Loan book grows 21% YoY to Rs 3.05 lakh crore; shares rise 2%
IDFC First Bank reported strong provisional Q1 FY27 business growth, with loans and advances rising 20.6% year-on-year and deposits increasing 18%. CASA deposits and the CASA ratio also improved, reflecting healthy balance sheet expansion. The stock gained nearly 2% following the business update, while the bank maintained steady lending momentum.
Max Estates Q1 sales bookings jump five-fold to Rs 1,100 cr on strong housing demand
Max Estates Ltd has reported a remarkable fivefold surge in sales bookings, reaching Rs 1,100 crore in the first quarter of this fiscal year. This impressive growth is attributed to robust demand for its housing projects across Delhi-NCR, particularly in Gurugram and Noida. The company also launched a new project in Gurugram with significant revenue potential, underscoring its strong market position and commitment to meeting buyer expectations.
HCLTech shares jump 7%; CLSA says stock will achieve this landmark for fourth straight year
Brokerage firm CLSA expects HCLTech to maintain its FY27 revenue growth and margin guidance despite the near-term demand environment.
Consumption, large-cap financials offer better risk-reward than midcaps: Axis Mutual Fund
While Axis Mutual Fund's Head of Equity, Shreyash Devalkar, remains positive on the long-term manufacturing and capital goods story, he cautioned that elevated valuations could lead to corrections. He also said large-cap stocks currently offer a better risk-reward profile than mid- and small-caps.