India is dealing with a “polycrisis,” with the West Asia conflict, higher crude oil prices and inflation adding to economic uncertain, says Rahul Bajoria, Head-India & Association of Southeast Asian Nations Economic Research at BofA Global Research. While he cautioned that supply-side disruptions “will have consequences both on growth and on inflation,” he also believes…
The integrated logistics solutions provider, Navkar Corporation Ltd, on Friday (July 17), reported a 500% year-on-year jump in net profit to ₹12 crore for the first quarter, compared with ₹2 crore in the corresponding period last year. The company’s revenue rose 37.8% to ₹190.7 crore, from ₹138.4 crore a year earlier. Earnings before interest, taxes,…
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Zee Entertainment Enterprises Ltd. is exploring a 49% stake sale in its Music division, Zee Music to shore up the company’s cash balances, sources in the know told CNBC-TV18. Zee Music, which is currently a business unit, will now be made a subsidiary, according to the sources, who added that the announcement of the carve-out…
Novo Nordisk has secured regulatory approval for Wegovy as the first and only GLP-1 receptor agonist for the treatment of adults with metabolic dysfunction-associated steatohepatitis (MASH) in India, expanding the blockbuster obesity drug’s approved use beyond chronic weight management. The approval was granted by the Central Drugs Standard Control Organisation (CDSCO) for the 2.4 mg…
UPL Ltd. and KKR & Co. plan to offer a total of 10% equity stakes in Advanta for sale in the maiden equity sale to the public. UPL, India’s largest crop protection firm, owns an about 78.2% equity stake, KKR 11.1%, and Alpha Wave Ventures 10.7% in Advanta. Source link
Banking Sector Q1 Preview: Major private lenders HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank will announce Q1 results on July 19. (Image: ET Now) The banking sector will be in sharp focus on July 19, with major private lenders including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Axis Bank scheduled to…
Zepto IPO could see steep valuation cut: Report Source link
Federal Bank Ltd., the Kochi-based private sector lender, reported its results for the quarterly period that concluded on June 30 on Friday, July 17. The results were better on a year-on-year basis on the profitability and the interest income front. The lender reported its Net Interest Income (NII) of ₹2,946 crore during the June quarter,…
NSE stock draws rare ‘Sell’ call ahead of long-awaited IPO debut Source link
