[ad_1] Listed housing finance companies (HFCs), as a group, posted a 3.7 per cent drop in second-quarter (Q2) profit year-on-year (YoY) to Rs 5,830 crore and 19 per cent sequentially on rise in interest expenses and uptick in provisions and write-offs. Operating income rose 13.7 per cent YoY to Rs 54,086 crore in Q2 […]
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[ad_1] State-owned Life Insurance Corporation (LIC) reported a multifold increase in net profit during July–September (Q2) of FY23. This is due to a change in its accounting policy, wherein it has transferred Rs 14,271.80 crore to the shareholders’ account from the non-participatory account. Net profit in Q2 stood at Rs 15,952.49 […]
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[ad_1] Adani Enterprises’ consolidated net profit for the quarter ended September (Q2) more than doubled versus last year to Rs 461 crore, its results showed on Thursday. The company’s consolidated revenue in Q2 surged nearly threefold year-on-year (YoY) to touch Rs 38,175 crore. While profit for the quarter came below Street estimates […]
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[ad_1] Domestic markets are likely to open lower in Thursday’s trade after the US Federal Reserve hiked interest rates to 75 basis points (bps) by fourth consecutive time, taking the benchmark lending rate to 3.75-4 per cent. At 8:15 am, the SGX Nifty quoted at 17,991 levels, down 91-odd points. Globally, the US markets plunged […]
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[ad_1] Indian equity markets are likely to start Tuesday’s trade on a positive note, supported by steady foreign flows, drop in crude oil prices, and hopes of softened rate hike cycle. At 8:00 am, the SGX Nifty quoted at 18,181 levels, indicating an upside of 120 points. Globally, weak big tech earnings weighed on the […]
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