HDFC Bank expects its net interest margin (NIM) to improve over the next two to three years as the impact of its merger with HDFC Ltd eases, CEO Rajiv Kumar said at the bank’s AGM. The lender is focusing on…
Stocks such as Navin Fluorine International, Cummins India, PB Fintech, JK Lakshmi Cement, Neuland Laboratories and Aster DM Quality Care will be in focus on Thursday after reporting their June-quarter earnings post market hours on Wednesday. Investors will also track…
Demand remained resilient across sectors, but margins separated the winners from the rest. Here’s what PB Fintech, Biocon, Berger Paints, Cummins India and others told investors.
Analysts expect resistance around the 24,800 level for Nifty, while the 24,400-24,300 zone is likely to provide immediate support on any decline.
SIS reported a steady June quarter, with revenue climbing nearly 30% and profit improving on the back of broad-based growth across its security businesses. The company also announced a ₹106 crore share buyback, signalling confidence in its balance sheet and…
Cummins India reported a mixed June quarter, with revenue beating Street estimates but profit and margins falling short as operating costs weighed on performance. The company also announced Managing Director Shveta Arya’s resignation, effective August 31.
Bicon’s Biopharma business continued to be the key growth driver during the quarter, with revenue rising 17% year-on-year to ₹3,615 crore. Biosimilars revenue grew 16% to ₹2,855 crore, while generics revenue increased 21% to ₹760 crore, aided by momentum from…
Aster DM Healthcare reported a sharp decline in June-quarter profit due to a high base effect, even as revenue and operating profit grew strongly on higher patient volumes, improved hospital performance and the integration of its merged healthcare platform.
Dow Jones and S&P 500 futures edged higher on Wednesday as investors weighed fresh corporate earnings and monitored developments around a possible US-Iran agreement to reopen the Strait of Hormuz. SpaceX and AMD shares fell in premarket trading after their…
PB Fintech reported a strong June quarter, with profit nearly doubling and revenue rising 40% as growth across its insurance and credit businesses gathered pace. The company also continued to expand its partner network while improving operating margins.