ICICI Prudential Life Q2 net profit fell 55% to Rs 200 crore from a year ago, while sequentially, the bottom line improved by 28%.
This is because the Q2 forecast reveals a flat PAT trend on a YoY basis for the Nifty50 index constituents. This is in contrasts with the actual PAT growth in Q1, which was around 20 per cent, supported by a low base and traction in economic activity.
John McPhee, David Muñoz, Carlos Tatay and Taiyo Furusato secure...
D-Mart retail chain owner Avenue Supermarts on Saturday reported a 64.13 per cent rise in its consolidated net profit at Rs 685.71 crore in the July-September quarter of FY23 as the average basket values continue to be elevated.
The company has reported a revenue of Rs 845.3 crore, which is 0.3 percent higher as against Rs 842.7 crore recorded in the year-ago period.
CEO Jamie Dimon drove the headlines with predictions about the “kind of odd” economy. Meanwhile, the firm’s wealth units quietly added hundreds of recruits.
Shares of Tata Communications have tanked nearly 21 per cent on a year-to-date basis (YTD) till October 14, 2022. On the other hand, the benchmark BSE Sensex stood almost flat (down 0.57 per cent) at 57,919.97 during the same period.
Jsr Cor Earnings, Revenue Miss in Q2
Both revenue growth, margins to come in weaker than our/street estimates despite optically strong total contract value growth.
Ontario regulators released the second quarterly report of online gambling, including sports betting, as operators continue to launch.
Brokerage reports and analysts’ notes on Q2 earnings preview anticipate reasonably strong growth quarter for Indian IT firms despite challenging macroeconomic scenario in the US and Europe, but there are fair bit of warnings around “incremental pockets of weakness” or “slowdown in coming quarters”.
The US Federal Reserve will release its minutes of meeting for the last meeting on Wednesday, when it announced a rate hike of 75 basis points. Markets will be looking at the commentary from the Fed members in order to tame the rising inflationary pressure.
Top six steel makers produced 18.29 MT steel, while the rest 11.77 MT came in from the secondary sector
Mixed emotions from both Alfa Romeo F1 Team ORLEN drivers after a second round exit in qualifying as they still remain positive in scoring some points in Sunday’s race.
Up Charlie Munger worked with Warren in Buffet’s grandfather’s grocery store in Omaha, Nebraska. Munger earned $2 for ten hours of labor in the 1930’s before he went off to college. He’s originally from Omaha and left to attend the University of Michigan to become a meteorologist in the army during…
The overall tech space is left with a limited scope with further upside in revenue growth in Q2, given unchanged demand commentary
Q2, being seasonally weak quarter in terms of volume, is expected to witness highest cost pressure due to high cost fuel inventory
Top 6 Market Drivers in Busy Week Ahead: RBI, FOMC Minutes, Q2 Earnings & More
The Indian banking sector is expected to report strong growth in net interest income, margins and loans in Q2 FY23. Brokerages suggest that multiple rate hikes, which were quickly passed on to customers, will be a key growth driver. Deposits remain an area of concern, as weaker household savings and…
The outlook for festive season continues to be optimistic and is visible in positive consumer sentiment across categories, said Titan