Profit by knowlytics
Banks’ leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This impacts banks with lower funding costs, like ICICI Bank and HDFC Bank. The FCNR(B) scheme has mobilized over $32 billion by mid-July. Deployment of these funds profitably is key for banks’ success.
Indian information technology stocks rallied Tuesday after global AI pressure eased. Coforge reported significant revenue and profit increases, boosting the sector. Other major IT firms also saw substantial gains during the trading session. This positive movement follows a period of underperformance for the IT sector this year. Analysts suggest resilient demand and attractive valuations are…
Hindustan Unilever shares fell sharply, reaching a 52-week low despite strong revenue growth. Input cost pressures caused a contraction in the company’s Ebitda margin. Home care and beauty segments showed robust underlying sales growth during the quarter. Personal care faced challenges from palm oil inflation, while foods division saw steady expansion. Management anticipates improved performance…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
The S&P 500 index closed higher on Tuesday, boosted by gains in Boeing and Coca-Cola. Chip stocks experienced a significant decline as investors awaited quarterly reports from major tech firms. Microsoft and Amazon saw movement ahead of their upcoming earnings announcements this week. Apple’s stock value surpassed five trillion dollars for the first time as…
Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
Manipal Health Enterprises secured Rs 4,167 crore from anchor investors for its upcoming IPO. The company’s initial public offering is set to launch on July 29, aiming for Rs 9,275 crore. This public issue will include a fresh issue and an offer for sale by existing shareholders. Funds raised will be used for debt repayment…
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher aircraft production signaled progress in the planemaker’s turnaround.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Fusion Finance forfeited 1.63 lakh partly paid rights shares worth Rs 1.07 crore after investors failed to pay despite the final reminder. The company converted 2.29 lakh shares into fully paid-up equity shares after receiving Rs 1.50 crore in call money.