IDFC First Bank announced Q3FY25 earnings on January 25 (Saturday), reporting a sharp drop of 53 percent in standalone net profit to ₹339.4 crore, dragged by increased provisions due to higher loan slippages, compared to ₹715.7 crore in the corresponding period last year. The private sector lender was formed by merging the banking arm of … Read more
Eco Recycling Limited is a waste management company that, in a recent filing to the exchange on January 23, stated its intention to mobilize funds through the QIP procedure. A QIP fundraising process is a technique by which listed companies probably raise capital through the issue of securities, especially to big investors like Qualified Institutional … Read more
FPI has pulled out ₹ 64,156 crore from the Indian equities market to date in January 2025 owing to the Rupee depreciation, US bond yields, and overall weak earnings forecast, as reported by PTI. The selling shows a reversal in investor sentiments since December last year, When investors had pumped in ₹15,446 crore in Indian … Read more
AU Small Finance Bank (AU SFB) saw its shares rise 12 percent in the past month as the stock cut its year-to-date losses to 10.46 percent. The stock is in the news after the SFB submitted an application to the Reserve Bank of India (RBI) for a voluntary transition to a universal bank from a … Read more
Cyient’s shares fell 22.8% on Friday reacting to the resignation of the IT company’s chief executive Karthikeyan Natarajan and the adjustment of the company’s revenue and growth expectations following the third-quarter earnings. Still, with the top executive’s departure potentially out in the field, Cyient’s near-term outlook has emerged as worrisome and analysts do not dismiss … Read more
In a significant development for the Indian cement industry, UltraTech Cement Ltd. has successfully completed its open offer for India Cements, which was oversubscribed by 110%. This open offer, priced at ₹390 per share, was open from January 8 to January 21, 2025, and marks a critical step in UltraTech’s strategy to consolidate its position … Read more
Apple Inc.’s stock has been battered so far this year and is now approaching a retracement level that may culminate in further selling pressure. It remains the worst off among Wall Street’s envious ‘Magnificent Seven’ group so far in 2025 and down by nearly 11 percent through Thursday’s close. Apple has lagged the S&P 500 … Read more
ICICI Bank, India’s second-largest private sector bank, is announcing its third-quarter earnings today. It will be endorsed by the board of directors today, 25th January, with the third quarter results of FY25. Net interest income (NII) in the fiscal third quarter ending December ’24 is estimated to ‘jump’ but a slight increase in the net … Read more
The results that YES Bank is set to reveal for the quarter ended December 2015 might bring back the memories of the second quarter or Q2 numbers, which were characterized by a splendid YoW increase in profit, or the third quarter or Q3 results could be like Q2 performance. However, QoQ earnings may stay more … Read more
KFin Technologies’ share price surged almost 13 percent in intraday trade on BSE on Friday, January 24, a day after the company reported its December quarter results. KFin Technologies share price opened at ₹1,144.80 against its previous close of ₹1,104.80 and surged 12.7 per cent to the level of ₹1,245.45. The stock, however, pared gains … Read more