L&T Finance Q2 Results: Net profit rises 17%; expects challenging six months ahead (18-10-2024)
Non-bank lender L&T Finance reported a 17% rise in consolidated profit after tax, reaching Rs 696 crore. The company’s assets grew by 18%, with retail disbursements up 12%. Facing sectoral challenges, the firm aims to prioritize credit outcomes, maintaining stable net interest margins and reducing the cost of funds.
IDFC First Bank Limited (18-10-2024)
IDFC didn’t have any business and this merger shouldn’t be compared with hdfc ltd and bank
Europe’s STOXX 600 ends week higher as tech stocks rebound (18-10-2024)
Europe’s STOXX 600 closed higher on Friday, boosted by tech stocks and an ECB rate cut. The tech sector rose 2%, despite earlier losses after ASML’s weak forecast. Copper prices lifted basic resources shares. Luxury stocks also gained. However, Goldman Sachs cut its 2024 earnings growth forecast for the STOXX 600 to 2%.