Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns
Brent crude futures fell by as much as $1, or 1.1% to $88.50 a barrel before ticking back up to $88.55 at 0149 GMT. West Texas Intermediate (WTI) futures were down 84 cents, or 1%, at $83.01 a barrel.
AdaniConneX raises $1.44bn from 8 global banks, sets benchmark with construction financing framework
Adani Enterprises Ltd, the flagship of billionaire Gautam Adani-run conglomerate, is investing around USD 1.5 billion in its fledgling data centre business in the next three years.
Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
UltraTech Cement Q4 preview: PAT may rise 18% YoY to Rs 1,962 crore, 13% revenue uptick likely
UltraTech Cement anticipates a strong financial performance in Q4FY24, expecting a net profit of Rs 1,962 crore and revenue of Rs 20,057 crore. The company's growth is supported by volume, realisations, and positive sector outlook. In the year ago period, UltraTech had reported a profit after tax (PAT) of Rs 1,650.3 while the revenue from operations stood at Rs 18,321.6 crore. The company will announce its earnings on April 29, Monday
RBL Bank posts 30% profit on loan growth
RBL Bank's interest income rose 26% on year to ₹3,339 crore during the quarter ended March 31, while interest expenses increased 35% to ₹1,739 crore, according to the filings it made to stock exchanges. Other income, essentially comprising treasury profits, rose 30% to ₹875 crore. Net interest margin eased to 5.45% from 5.62% a year earlier.
IDFC First Bank Q4 profit dips 9.8%
IDFC First Bank 's net dipped 9.8% in Q4 but total deposits rose 39% to ₹2 lakh crore, while the share of CASA stood at 47.2% as of March 31, 2024 - probably highest among all private banks. Retail deposits stood at ₹1.51 lakh crore and legacy high-cost borrowing stood at ₹11,809 crore.
ICICI Bank beats estimates to post 17% rise in Q4 profit
ICICI Bank excelled in Q4 with a 17% net profit increase, reaching ₹10,707.5 crore. Fiscal 2024 witnessed a 28% rise to ₹40,888 crore. The bank prioritizes technology, economic growth, and regulatory compliance for future success.