Equitas Small Finance Bank’s net profit surged five times to Rs 213 crore in the fourth quarter. This growth was fueled by expanded business and better asset quality. Provisions also decreased significantly. The bank saw its net interest margin improve. Gross advances grew by 22 percent year-on-year. Non-performing assets reduced, and credit costs declined.Read More
Indian government bonds ended April close to levels seen at the end of the month prior after declining on Thursday, as crude oil prices and Treasury yields surged, though dovish central bank policy helped calm some nerves.Read More
Successful investing prioritizes good returns with minimized risk, distinguishing it from mere volatility. True risk involves the permanent loss of capital, often hidden beneath surface-level price fluctuations. This necessitates a long-term perspective and thoughtful analysis beyond simple numerical measurements.Read More
Indian markets ended sharply lower, dragged by FMCG, banking and auto stocks. Select stocks saw steep moves as earnings triggered declines in some even as Syngene and Newgen gained.Read More
The Bank of England kept interest rates on hold on Thursday and set out scenarios for the economic impact of the Iran war, one of which could require a “forceful” increase in borrowing costs.Read More
Eli Lilly raised its annual profit and revenue forecasts and posted better-than-expected first quarter on Thursday, on steady demand for its weight-loss and diabetes drugs Zepbound and Mounjaro, in its first results since launching oral GLP-1 pill Foundayo.Read More
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