“Reducing U.S. jobless claims and potential policy shifts in the US indicate that the FED is not in a hurry to reduce interest rates in the near term. Looking ahead, the market is likely to focus on Q3 earnings, with expectations of improvement in earnings on a QoQ basis,” Nair added.
Read moreFinance Minister Nirmala Sitharaman faces significant challenges as she prepares to present the Union Budget in just over three weeks. India Inc has submitted a set of recommendations, emphasising the need for simplified taxation, increased capital
IREDA Q3 Results: Indian Renewable Energy Development Agency (IREDA) on Thursday reported a 27% jump in its December quarter net profit at Rs 425.38 crore versus Rs 335.53 reported in the the year ago
Get latest articles and stories on Latest News at LatestLY. State-run Indian Overseas Bank on Thursday said it is selling non-performing assets of Rs 11,500 crore to asset reconstruction
Indian Overseas Bank Unveils Mega NPA Sale Indian Overseas Bank (IOB), a state-run lender, announced on Thursday its decision to sell a substantial amount of non-performing assets totaling Rs 11,500 crore. The move invites asset reconstruction
Lending in the last fortnight of 2024 outpaced deposit growth, with credit growing 11.16% year-on-year compared to deposits rising by 9.8%. Banks are facing challenges in raising deposits despite increased rates, due to competition from