Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk...Read More

Indian stocks surged on Thursday, with the S&P 500 and Nasdaq achieving their largest monthly gains in years. Strong corporate earnings helped investors overlook oil supply shocks and geopolitical tensions. Economic data indicated continued healthy U.S. economic growth. Industrials and technology sectors led the rally, with Alphabet reporting a record quarter for its cloud unit.Read More

Mazagon Dock Shipbuilders announced impressive March quarter results. Net profit surged by nearly 42 percent year-on-year. This growth was driven by increased execution in shipbuilding and submarine projects. Revenue from operations also saw a healthy 16 percent rise. The company’s board recommended a final dividend of Rs 4.62 per share for the financial year ended...Read More

Laurus Labs reported a 19% year-on-year jump in net profit to Rs 279 crore for the March quarter, with revenue rising 5% to Rs 1,812 crore. Full-year net profit surged 148% to Rs 889 crore, driven by strong growth in its CDMO and Generics divisions. The company also announced an interim dividend of Rs 1.20...Read More

New Fed Chair Kevin Warsh inherits a divided Federal Reserve. Four voters dissented on the latest policy, the largest split since 1992. Rising oil prices and inflation create a complex economic landscape. Warsh aims for more open debate at the Fed. His leadership begins amidst significant monetary policy challenges.Read More

The Indian stock market saw a dip on Thursday with the Sensex falling. However, this did not stop four stocks from the BSE 200 index from reaching their highest levels in a year. These companies, including Lloyds Metals & Energy and Hitachi Energy India, showed strong upward movement.Read More

Hindustan Laboratories has received Sebi’s observations, a crucial step towards its IPO, which includes a fresh issue and an offer for sale. The company plans to use the proceeds for working capital and general corporate needs. RK Steel Manufacturing also received regulatory approval for its issue.Read More

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

Aster DM Healthcare reported an 18% year-on-year revenue increase in Q4 to Rs 1,182 crore, with operating EBITDA up 31%. The company is on track to complete its merger with Quality Care India Ltd in Q1 FY27, creating a combined entity with over 10,600 beds.Read More

Major US stock indices opened mixed on Thursday, with the S&P 500 and Nasdaq climbing on the back of robust earnings reports. Despite positive corporate results, investor sentiment was tempered by growing concerns over potential escalation of the Middle East conflict, which weighed on the Dow Jones Industrial Average.Read More