The challenges faced during the quarter were reflected by elevated delinquencies and higher credit costs
Posts in category Business Standard
Axis Securities picks PI Industries as ‘Stock Pick of the Week’; Check Why (29-07-2024)
Axis Securities remains bullish on PI Industries and has called it the stock pick of the week for investors. Here is the investment rationale of Axis Securities
Axis Securities picks PI Industries as ‘Stock Pick of the Week’; Check Why (29-07-2024)
Axis Securities remains bullish on PI Industries and has called it the stock pick of the week for investors. Here is the investment rationale of Axis Securities
Tainwala Chemicals & Plastics (India) standalone net profit rises 203.85% in the June 2024 quarter (29-07-2024)
Sales decline 76.08% to Rs 1.55 crore
Gujarat Poly Electronics standalone net profit declines 29.17% in the June 2024 quarter (29-07-2024)
Sales rise 0.41% to Rs 4.86 crore
Kansai Nerolac Paints consolidated net profit declines 68.72% in the June 2024 quarter (29-07-2024)
Sales decline 1.10% to Rs 2133.06 crore
Jai Balaji Industries consolidated net profit rises 22.53% in the June 2024 quarter (29-07-2024)
Sales rise 15.90% to Rs 1718.31 crore
ASK Automotive consolidated net profit rises 63.12% in the June 2024 quarter (29-07-2024)
Sales rise 31.33% to Rs 862.20 crore
Adani Total Gas gains after Q1 PAT jumps 20% YoY to Rs 177 cr in FY25 (29-07-2024)
Adani Total Gas advanced 1.51% to Rs 901.60 after the company’s standalone net profit increased 19.91% to Rs 177.09 crore in Q1 FY25 as comapred with Rs 147.69 crore in Q1 FY24.
Digitalization is driving growth in services exports and lowering remittance costs says RBI (29-07-2024)
Reserve Bank Of India (RBI), stated in a latest update that digitalisation in finance is paving the way for next-generation banking; improving access to financial services at affordable costs; and enhancing the impact of direct benefit transfers by effective targeting of beneficiaries in a cost-efficient manner. Loans in the retail segment are being enabled by online payments and innovative credit assessment models with instant disbursements. E-commerce is being boosted through embedded finance. All these innovations are making financial markets more efficient and integrated.