BSE500 earnings downgraded by 3%; H2FY25 asking rate high: Nuvama
The consensus for the BSE500 index sees profit after tax (PAT) growth of 17% in H2FY25 and 18% in FY26, up from 9% in H1FY25, but Nuvama Institutional Equities warns …
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NPA provisioning for banks moderates in Q2 driven by PSBs
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample …
Welspun Corp Q2 Results: Profit falls 27% to Rs 283 cr; board approves over Rs 2,000 cr investments
Welspun Corp on Friday reported around 27 per cent fall in consolidated net profit at Rs 282.96 crore for September quarter, mainly on account of fall in income. It had …
Matrimony.com Rs 72 crore share buyback offer now open, closes acceptance on November 6
Matrimony.com’s Rs 72 crore share buyback, which was announced earlier in September, has opened for eligible shareholders on Wednesday, October 30 and will be available till November 6. “This is …
CarTrade Technologies Q2 Results: Profit skyrockets 6-fold to Rs 30 crore, revenue up 28%
Online classifieds and auto marketplace platform CarTrade Technologies reported a six-fold increase in consolidated net profit at Rs 30.72 crore for the second quarter ended Sep 30, 2024. The company …
Persistent Systems Q2 results: PAT jumps 23% YoY to Rs 325 crore, revenue up by 20%
IT company Persistent Systems today announced its second quarter earnings, reporting a 23.4% jump in its profit after tax (PAT) at Rs 325 crore on a year-on-year (YoY) basis, while …
Tata Chemicals Q2 Results: Net profit falls 55% to Rs 194 crore
Tata Chemicals on Thursday reported a 54.67 per cent decline in its consolidated net profit at Rs 194 crore during the second quarter ended September 2024. The company’s net profit …
Indian Overseas Bank Q2 Results: Net profit rises 24% to Rs 777 crore
State-owned Indian Overseas Bank on Thursday posted a 24% surge in net profit to Rs. 777 crore in the second quarter ended September 2024, due to interest income and onboarding …
Ashish Kacholia buys fresh stake in this smallcap company, stock up 5%
Ace investor Ashish Kacholia has bought a 2.52% stake in the smallcap stock Jyoti Structures, according to the shareholding pattern for quarter ended June 2024, following which the stock closed …
Fed’s Williams says time has arrived to start rate cuts
Federal Reserve Bank of New York President John Williams said Friday that a better balanced economy has opened the door to cutting rates, with the full course of action to …