The bonds, which carry a call option exercisable after 10 years, are designed to comply with Basel-III norms and include provisions for interest payment alterations if certain capital thresholds are breached.
Birla Software shares ended 4.1% higher at ₹600.45 ahead of the results announcement.
AU Small Finance Bank reported a 42% rise in net profit to ₹571 crore for Q2 2024, with total income increasing by 55% to ₹4,549 crore, demonstrating strong growth amidst challenging economic conditions.
Dr Lal PathLabs reported an 18.21% year-on-year increase in PAT to ₹129.2 crore for Q2 FY25, with revenue from operations growing by 9.8% to ₹660.2 crore.
The separation is driven by the distinct operating model of the ice cream business, which involves specialised cold chain infrastructure and a unique channel landscape, limiting synergies with HUL’s core operations.
Ben Way, Group Head at Macquarie Asset Management stated that globally, the key themes driving investments are energy transition, transport, and digitalisation. These trends are also highly relevant in India, where they play a crucial role in nation-building and fostering…
Hindustan Unilever announced its September quarter results, where its revenue of ₹15,508 crore was up 1.5% from last year but was marginally below the CNBC-TV18 poll of ₹15,665 crore.
Karnataka Bank reported a net profit of ₹336.07 crore in Q2 FY25, up 1.76% from the previous year. Net interest income grew 1.36% to ₹833.56 crore, while gross NPAs decreased to 3.21%.
Devansh Jain, Executive Director, InoxGFL Group stated that promoters of INOXGFL Group contributed ₹200 crore to the fundraise, with the remaining capital sourced from family offices across India.
Madhu Kela, founder of MK Ventures stressed the importance of having moderate return expectations, suggesting that earning a return of 12% to 15% over the next three to four years would be a notable achievement.