AU Small Finance Bank reported a robust 65% year-on-year surge in net profit for the March quarter, reaching Rs 832 crore. The lender also saw a 23% rise in Net Interest Income to Rs 2,582 crore, with deposits growing 23% YoY. Asset quality improved, with GNPA falling to 2.03%.Read More
Infrastructure major Larsen & Toubro on Monday said one of its subsidiaries, L&T Realty Properties Ltd, has bought a 100 per cent stake in International Green Scapes Ltd (IGSL), unlocking 20 acres of prime land in Gurugram for real estate development.Read More
India’s office market remained buoyant during January-March period of this year despite global uncertainties, with both gross and net leasing of workspaces rising by 10 per cent and 7 per cent, respectively, across seven major cities, according to JLL India.Read More
The Indian rupee ended modestly stronger on Monday, as dollar sales by state-run banks cushioned the pressure from higher oil prices on the currency after the U.S.-Iran talks stalled.Read More
Federal Reserve policymakers will gather in Washington this week in what may be Jerome Powell’s last meeting as head of the U.S. central bank, with energy prices still elevated and the Iran war at a standstill and likely to prolong uncertainty about the economic and monetary policy outlook.Read More
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