ICICI Bank Q2 results: Net profit jumps 36% YoY to Rs 10,261 cr
ICICI Bank Q2 results: PAT soars 36% YoY to Rs 10,261 crore, NII grows 24%
Provisions in the quarter dropped sharply to Rs 583 crore, from Rs 1,645 crore a year ago, and Rs 1,292.4 crore a quarter ago.
Kotak Bank gets RBI nod to appoint Ashok Vaswani as MD & CEO for 3 years
Vaswani has more than three decades of experience in the banking sector. He was Chief Executive Officer of Barclays Bank, UK, and subsequently CEO of their global consumer, private, corporate and payments businesses.
Wall Street ends sharply lower, posts weekly losses; Mideast fears increase
The S&P 500 and Nasdaq fell more than 1% each. All of the S&P 500 index’s 11 sectors ended lower in broad-based selling, with technology and financials among the biggest drags.
Brokers retain ITC price targets after Q2 results
ITC shares fell 2.75% to close at Rs 438 on Friday. The average price target on ITC of all analysts compiled by Bloomberg following the second quarter results is at Rs 509.33, implying an upside of almost 16% over Friday’s closing.
L&T Fin Holdings’ Q2 net profit jumps 46% at Rs 595 crore
The company recorded its highest ever quarterly retail disbursements of ‘13,499 crore, up 32%, on strong growth across retail segments enabled by digital and data analytics. Retail portfolio mix now stands at 88% of the total loan book against the company’s target of 80% by 2026.
Taking stock: Sensex dips for the third day, Nifty slips below 19,550
The indices also suffered from surging US bond yield which will led to outflow from emerging markets like IndiaChina leaves benchmark lending rates unchanged as expected
“Economic activity has stabilised and authorities can afford to wait a while before deploying more monetary easing down the road,” emerging market analysts at TD Securities said in a research note.
We are very confident that H2 will be better than H1 of FY24: LTIMindtree CEO
“Our pipeline is very strong. We are closing deals every quarter. But having said that, we need to also account for the fact that many of the deals the decision cycles are very long. That is something which is worrying us and typically there is always a budget flush in Q3 because clients try to spend a little more but this particular year, we are not seeing that.”