Gold crosses ₹1.42 lakh per 10 grams in India, silver nears ₹2.21 lakh per kg
Gold and silver prices surge on MCX, driven by easing US-Iran tensions and their impact on inflation and Fed interest rates.
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Bandhan Bank Q1 profit jumps 35% as lower provisions and better asset quality boost earnings
Shares of Bandhan Bank Ltd ended at ₹208.60, down by ₹2.75, or 1.30%, on the BSE.
Welspun Specialty returns to profit in Q1 despite dip in revenue as operating performance improves
Welspun Specialty Solutions reported a profit of ₹5.2 crore in the June quarter, compared with a loss a year ago, helped by a sharp improvement in operating performance. While revenue fell nearly 4%, EBITDA more than doubled and margins improved…
Mahindra & Mahindra Finance Q1 Results: Shares jump 10% on strong profit, core income growth
M&M Finance had estimated Stage-3 assets in the 3.4%-3.5% range and Stage-2 assets at 4.9%-5.0%, broadly in line with the reported numbers. The company also ended the quarter with a liquidity chest of over ₹14,600 crore, providing a strong funding…
Pharma, private banks remain top bets, says Wright Research’s Sonam Srivastava
Sonam Srivastava, Founder & Fund Manager at Wright Research, remains constructive on capital market AMCs, pharma contract manufacturers, private banks and the data centre ecosystem despite recent market volatility. She believes pharma is emerging as a defensive leadership theme, while…
SBI Chairman says bank will explore listing more subsidiaries as they mature
Following SBI Funds Management’s stock market debut, SBI Chairman CS Setty said the bank will consider listing more subsidiaries once they reach the right stage of maturity, but did not provide a timeline due to the IPO silent period. Amundi…
Explained: Why the Sensex ended lower even as Midcaps and auto stocks gained
The BSE Sensex fell 238 points to close at 77,470, while the Nifty 50 declined 51 points to settle at 24,188. The Nifty Bank index slipped 110 points to 57,835. In contrast, the Nifty Midcap index outperformed, rising 186 points…
Zen Technologies bags ₹177 crore Defence Ministry order to upgrade tank training simulators
Zen Technologies has secured a ₹177.5 crore order from the Ministry of Defence to upgrade and integrate tank gunnery simulators for the armed forces. The contract will be completed within a year and comes after the company announced expansion plans…
Bajaj Auto Q1 Results: Strong operating performance driven by exports; profit up 42%
Bajaj Auto said its exports delivered their strongest-ever quarterly performance, while the domestic motorcycle business recorded double-digit revenue growth. Revenue from operations also touched an all-time high, driven by record quarterly volumes and improved realisations.
Corporate lending in India is returning with gusto after years
The data released by the top five banks over the weekend shows that corporate loans of the top 5 banks have surged by 21.41% — compared with 8.1% growth in the retail business.