Axis Bank’s net profit saw a slight dip in the fourth quarter. This was impacted by trading losses and a new provision for potential risks. Despite this, asset quality improved. The bank also saw growth in advances and deposits. A dividend has been recommended, and plans for capital raising are in place.Read More
IDFC First Bank reported a modest 5% rise in Q4 net profit, aided by a 40% decline in provisions. However, a Rs 645-crore fraud at its Chandigarh branch sharply dented operating performance, leading to a 42% drop in operating profit after the bank fully expensed the impact during the quarter.Read More
Axis Bank’s net profit saw a slight dip in the fourth quarter. This was impacted by trading losses and a new provision for potential risks. Despite this, asset quality improved. The bank also saw growth in advances and deposits. A dividend has been recommended, and plans for capital raising are in place.Read More
Markets may remain volatile amid key triggers this week, including the Fed policy decision, Q4 earnings and geopolitical tensions. Technically, Nifty’s near-term bias has turned weak below 23,900, with support at 23,500 and resistance at 24,200–24,500. The rupee logged its steepest weekly fall since September 2022, while Vedanta and Hindustan Zinc will be in focus on key corporate actions.Read More
A US judge has dismissed Elon Musk’s fraud claims in his lawsuit against OpenAI and Sam Altman. The case will now proceed to trial on Musk’s claims of breach of charitable trust and unjust enrichment. Jury selection begins Monday, with opening arguments Tuesday. Musk seeks $150 billion in damages for OpenAI’s charitable arm.Read More
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