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Q4 Results This Week: Bharti Airtel, HPCL, Dixon, among 200 companies reporting numbers
As many as 200 companies, including Nifty 50 names such as Bharti Airtel, Cipla, JSW Steel and Power Grid, and multiple F&O and cash market names such as UPL, Canara Bank, Indian Hotels etc. will be reporting their March quarter results this week. Here's a look at the complete list:
As India grows richer, banks will have to adjust to thinner margins: Indian Bank CEO
Indian Bank's chief Binod Kumar expects interest rates to rise and net interest margins to fall as India develops. He plans to raise capital for Expected Credit Loss norms and launch a wealth management business. The bank aims for strong growth in retail and MSME loans. Consolidation could help Indian banks achieve global scale.
Indian banks avoid fresh Gulf bets as Iran crisis drags on
Indian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial trouble. State Bank of India and Punjab National Bank are among those taking a cautious approach. This move aims to manage risks and ensure stability in international operations.
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...
HDFC Bank Row A 'Major Overhang' On Indian Banking Sector, Hitting Investor Sentiment: Jefferies
Jefferies noted that the surprise exit of HDFC Bank's chairman close to the end of the chief executive's tenure in October disrupted valuation metrics for the broader banking sector.
Stocks in news: SBI, Titan, Hyundai, BSE, Torrent Pharma, Axis Bank
Indian markets saw volatile trading on Thursday, closing nearly unchanged despite positive signals. Several companies including SBI, Titan, and Hyundai are in focus today. Many firms will announce their fourth-quarter results. Britannia Industries reported strong profit growth and recommended a dividend. BSE also posted a significant profit surge. Bharat Forge's profit declined, while Dabur India saw a profit uptick.
Stocks in news: Lenskart, Dabur India, Swiggy, MRF, South Indian Bank, Cochin Shipyard, among others, on... - Moneycontrol.com
Stocks in news: Lenskart, Dabur India, Swiggy, MRF, South Indian Bank, Cochin Shipyard, among others, on...Moneycontrol.com
Foreign remittances to Kerala stay resilient despite West Asia crisis
Money from non-resident Indians to Kerala remains strong. Banks like Federal Bank and South Indian Bank show growth in deposits. This inflow is vital for Kerala's economy. A weaker rupee also boosts remittances. Experts believe inflows will continue unless job losses in the Middle East occur. A prolonged conflict could pose a long-term risk.
Axis Bank raises $500 million in offshore loan from MUFG
Axis Bank, India's third-largest private lender, has secured a $500 million offshore loan from Mitsubishi UFJ Financial Group. This three-year facility will support the bank's lending and general business needs. The loan comes as Indian banks face challenges with loan growth outpacing deposit growth. Axis Bank's loans grew 19% while deposits rose 14% in the year ended March.
Sensex falls 114 points, Nifty closes below 24,350; broader markets outperform
Indian stock markets surged on Thursday, with Sensex and Nifty extending gains for a second day. This rise was fueled by optimism over a potential de-escalation of US-Iran conflict, leading to a broad-based rally across midcap and smallcap indices. PSU Bank stocks led the sectoral gains.
Stocks in news: Biocon, PB Fintech, Polycab India, South Indian Bank, Shree Cement, Kaiser Corp, ACME... - Moneycontrol.com
Stocks in news: Biocon, PB Fintech, Polycab India, South Indian Bank, Shree Cement, Kaiser Corp, ACME...Moneycontrol.com
South Indian Bank Q4 profit rises 19% to Rs 408 crore as provisions decline
South Indian Bank posted 19% profit growth in Q4 driven by sharply lower provisions despite weaker operating profit and other income. Asset quality improved significantly, while advances and deposits saw healthy growth, supporting overall performance and boosting investor sentiment during the quarter