Business

South Indian Bank shares on Wednesday rose 5.42% to Rs 25.25 on BSE as against its last close of Rs 23.95.South Indian Bank shares rallied 5% in the afternoon session today, as the bank announced its second quarter earnings. Net profit rose 18% to Rs 325 crore in the quarter as against Rs 275 crore in the same quarter last fiscal. Total income rose to Rs 2,804 crore in the second quarter as against Rs 2,485 crore in the same period last year. The bank earned interest income of Rs 2,355 crore during the quarter, as against Rs 2,129 crore in the same period a year ago.Net interest income in Q2 increased to Rs 2355 crore as compared to Rs 2129 crore in Q2 FY24.South Indian Bank shares rose 5.42% to Rs 25.25 on BSE on Wednesday as against the previous close of Rs 23.95. The banking stock hit ...

Shares of JSW Infrastructure made a positive debut on the stock markets on October 15, rising 3 percent to Rs 329 after Nuvama Institutional Equities initiated coverage with a 'buy' call, emphasising on the upside citing multiple levers for growth.With a target price of Rs 390, the domestic brokerage estimates an upside potential of 22 per cent from its previous close of Rs 319 on NSE. JSW Infra shares have gained 53 per cent since the beginning of the year.Nuwama says JSW Infra, as the second-largest private port operator in a steadily growing industry, is set to benefit from strong parentage and is expected to maintain strong growth in third-party cargo. Additionally, JSW Infrastructure is evolving from a port operator to a full-fledged logistics utility company, which is likely to cont...

Pune-headquartered Bajaj Auto Ltd is set to release its earnings report for the second quarter of FY 2025 on October 16. Increase in volumes and diversified product mix are expected to drive the company's sales to double-digit growth rate on a year-on-year basis.According to a Moneycontrol poll of eight brokerage firms, the Triumph maker is projected to report a 23 per cent year-on-year growth in revenue to reach Rs 13,266 crore. Net profit is estimated to rise 21 per cent to Rs 2,227 crore from Rs 1,836 crore in the same quarter last fiscal.Earnings estimates of analysts surveyed by Moneycontrol are in a narrow range, indicating that any positive or negative surprise could trigger a sharp reaction in the stock price.What factors are driving Bajaj Auto earnings?Stable demand: Two-wheeler ...

The Reserve Bank of India (RBI) has projected real GDP growth of 7.2% for FY 2024-25 after the Monetary Policy Committee (MPC) meeting held on Wednesday, along with an expected moderation in Consumer Price Index (CPI) inflation to 4.5%.RBI Governor Shaktikanta Das said that GDP growth is expected to be 7% in the second quarter, which will increase to 7.4% in the third and fourth quarters. Growth is projected to be 7.3% in the first quarter of the next financial year (2025-26), with risks evenly balanced across various economic indicators.Das stressed that this growth momentum is supported by strong quarterly performance, particularly from the recovery in private consumption and increased investment. "Real GDP grew by 6.7 per cent in Q1 FY25, led by a revival in private consumption and the...

New Delhi, Oct 8 (PTI) Crude oil prices on Monday rose by Rs 67 to Rs 6,406 per barrel in futures trade as traders widened their bets following strong spot demand.On the Multi Commodity Exchange, crude oil for October delivery rose by Rs 67, or 1.06 percent, to Rs 6,406 per barrel in a business turnover of 14,534 lots.Analysts said crude oil prices rose in futures trade as participants increased their deals.Globally, West Texas Intermediate crude prices inflation 2.70 percent to USD 76.39 per barrel in New York, while Brent crude prices expansion 2.40 percent to USD 79.92 per barrel.