BofA's Rahul Bajoria says erratic monsoon, crude, geopolitics pose risks to growth

BofA’s Rahul Bajoria says erratic monsoon, crude, geopolitics pose risks to growth

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…

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Navkar Corporation posts 6x jump in Q1 profit on 38% revenue growth, higher EBITDA

Navkar Corporation posts 6x jump in Q1 profit on 38% revenue growth, higher EBITDA

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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Stock Market Closing Today, July 17: Sensex rallies 965 pts, Nifty closes above 24,300; Nifty Private Bank up 2.12%, IT rises 1.75% - Markets

Stock Market Closing Today, July 17: Sensex rallies 965 pts, Nifty closes above 24,300; Nifty Private Bank up 2.12%, IT rises 1.75% – Markets

Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…

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Novo Nordisk's Wegovy wins India nod for fatty liver disease; Emcure to distribute

Novo Nordisk’s Wegovy wins India nod for fatty liver disease; Emcure to distribute

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…

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Investment Strategy at 50: Lump Sum or SIP? 9 funds recommended by expert to plan smart and balance risk - Mutual Funds

HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank Q1 results preview – 5 things investors should watch for on July 18 – Markets

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…

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Federal Bank Q1 Results: Strong core income, lower provisions aid profit; Asset quality stable

Federal Bank Q1 Results: Strong core income, lower provisions aid profit; Asset quality stable

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,…

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