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Utkarsh Small Finance Bank reported a significant widening of its net loss to Rs 375 crore in the third quarter, a substantial increase from Rs 168 crore in the previous year. The bank also experienced an operational loss of Rs 44 crore, contrasting with a profit in the prior year.
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Chalet Hotels reported a robust third quarter with a 28.5% year-on-year increase in net profit to Rs 124 crore and a 27.1% rise in revenue to Rs 581.6 crore. The company’s EBITDA grew by 29% to Rs 272.6 crore, driven by strong traction in key operating metrics and double-digit RevPAR expansion.
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U.S. factory activity grew for the ​first time in a year in January, with new orders rebounding sharply, but ⁠manufacturing is still not out of the woods as import tariffs raised raw material prices and strained supply chains.
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Kevin Warsh, tapped to become the ‍next Federal Reserve chair, may want to significantly contract the central bank’s multi-trillion-dollar ​balance sheet, but experts agree that financial realities strongly indicate accomplishing this goal will be difficult and slow, if it can be done at ⁠all.
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Markets rebounded after volatility triggered by the STT hike and higher borrowing plans, aided by policy continuity and falling crude prices. Analysts warn sentiment remains cautious below the 200-day average, advising selling rallies despite medium-term confidence amid global tensions ongoing.
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Warner Bros Discovery is likely ‍to hold a ​shareholder vote on the $82.7 billion deal ⁠to sell its streaming and studio assets to Netflix in March, CNBC reported on Monday.
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Warner Bros Discovery is likely ‍to hold a ​shareholder vote on the $82.7 billion deal ⁠to sell its streaming and studio assets to Netflix in March, CNBC reported on Monday.
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Wall ‍Street’s ​main indexes opened lower ⁠on Monday, as a violent selloff ‌in ‌precious metals unsettled investors ‌at the start of a week packed with corporate earnings ​and ​major economic data.
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Nifty surged after the Budget-day slump, led by auto, energy, and metals. Analysts caution broader trend remains weak below 200-DMA, advising cautious trading and selective stock entries.
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Oracle shares gained 2.5% on Monday after Wall Street analysts said the software company’s $50 ‍billion fundraising plan allays worries over ​its ability to finance a massive data-center expansion with OpenAI.
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