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Tata Investment Corporation (TIC) has emerged as a shining star in the stock market, witnessing an extraordinary surge of 129.21% in the last six months and an astounding 172.37% in the last year. This spectacular growth has nearly tripled the investment for shareholders, making TIC a standout performer in the market. Record-Breaking Stock Performance The … Read more
Rupen Rajguru, Head Equity Investments and Strategy at Julius Baer India, shares his insights on the upcoming Interim Budget, market expectations, and the ongoing Q3 earnings season. With a keen eye on fiscal balances, social spending, and potential boosts for various sectors, Rajguru offers a comprehensive analysis of the current economic landscape. Expectations from the … Read more
The initial public offering (IPO) of Megatherm Induction, a prominent small- and medium-sized enterprise (SME) in the manufacturing sector, has garnered significant attention from investors. As the public issue enters its final day of subscription on January 31, let’s delve into the key details and the overwhelming response it has received so far. Company Overview: … Read more
Private lender Axis Bank has released its Q3 financial results for the fiscal year 2023-24, posting a net profit of ₹6,071 crore, reflecting a 4% increase compared to the same period last year. Here are the key highlights from Axis Bank’s Q3 FY24 results: The overall performance of Axis Bank in Q3 FY24 indicates positive … Read more
Yes Bank shares traded flat ahead of the eagerly awaited Q3 2024 results announcement, with analysts predicting a substantial increase in net profit and steady growth in core revenue-generating activities. Share Performance: Expectations for Q3 FY24: Analyst Predictions: Share Price Outlook: Q3 Results Date: Disclaimer: The opinions and recommendations presented are those of individual analysts … Read more
IDFC First Bank and IDFC Limited have received board approval for their merger, adopting a 155:100 share exchange ratio. The move aims to simplify the corporate structure, streamline regulatory compliance, and enhance shareholder value. Post-merger, the standalone book value per share of IDFC First Bank is set to increase by 4.9%, according to audited financials … Read more
Dhanlaxmi Bank’s stock continues its remarkable ascent, gaining 5% in intraday trade and reaching ₹53.75 apiece, the highest level since August 2014. Over the last 10 trading sessions, the stock has shown an impressive return of 69%. Explore the reasons behind this surge and the key highlights from the bank’s Q3FY24 business update. Stock Performance: … Read more
SBI Card and AU Small Finance Bank face market challenges as their Q3 FY24 performance falls short of expectations, leading to a notable decline in their stock prices. Analysts attribute the dip to rising provisions, interest rates, and funding costs. Here’s a detailed overview of their financial performance and the market’s reaction. SBI Card’s Q3 … Read more
Punjab National Bank (PNB) is set to bolster its financial position as the board of directors greenlights a strategic move to raise ₹7,500 crore through Qualified Institutions Placement (QIP) or Follow-on Public Offer (FPO) during the fiscal year 2024-25. This significant decision aims to enhance the bank’s capital base and support its growth initiatives. Here … Read more
Private lender ICICI Bank Ltd has reported a robust standalone net profit of ₹10,271.54 crore for the December quarter, showcasing a significant 23.57% YoY growth. The bank’s Q3 results also reveal noteworthy improvements in provisions, net interest income (NII), and various business segments. Here are the key takeaways from ICICI Bank’s Q3FY24 performance. Financial Highlights: … Read more
In a significant development for HDFC Bank, the Reserve Bank of India (RBI) has granted approval to Life Insurance Corporation of India (LIC) to increase its stake in the bank. This move has already impacted HDFC Bank’s share prices positively, with a 2% gain after the announcement. LIC, holding a 5.19% stake at the end … Read more
SATYA MicroCapital Limited has successfully raised $60 million in funding from Sumitomo Mitsui Banking Corporation (SMBC), a prominent Japanese multinational banking and financial services institution. This strategic investment is expected to fuel SATYA’s mission of driving financial inclusion and empowering women entrepreneurs across India. The funds will be allocated towards enhancing operational efficiency, introducing new … Read more
In the third quarter of FY24, HDFC Bank, India’s largest private sector lender, delivered a stellar financial performance with a notable 33% year-on-year growth in net profit, reaching ₹16,372 crore. The bank’s robust net interest income (NII), which increased by 24% YoY to ₹28,470 crore, underscored its resilient core operations. The management’s post-earnings call revealed key insights into the bank’s strategies and future plans.
IndusInd Bank Ltd., a leading financial institution, is inviting dynamic individuals to join our HR team in Mumbai (Prabhadevi). With a commitment to excellence, we provide a conducive environment for professional growth. Whether you’re an experienced professional or a fresh graduate, we welcome you to explore this opportunity to shape your career with us. Job … Read more
Britannia Industries, a renowned name in the manufacturing sector, is on the lookout for dynamic HR professionals to join our team. We are committed to creating a positive work environment and fostering strong industrial relations. If you have a background in HR within the manufacturing industry, possess excellent compliance and industrial relations knowledge, and radiate … Read more
Aavas Financiers Limited invites you to embark on an exciting career journey as we urgently seek a Credit Manager for our Pipariya location. With a competitive salary package of up to 4.5 Lakhs and a minimum of 3 years of experience in Housing Loans (HL) and Loan Against Property (LAP), this opportunity promises both financial reward and professional growth.
Empowering Every Rooftop: Unveiling the Pradhanmantri Suryodaya Yojana – A Solar Revolution” In a visionary move towards making every Indian household self-reliant in meeting its electricity needs, the Central Government has introduced the groundbreaking Pradhanmantri Suryodaya Yojana. This initiative is poised to transform the energy landscape of the nation by providing low and middle-income individuals … Read more
Pradhan Mantri Mudra Yojana Pradhan Mantri Mudra Yojana (PMMY) stands as a flagship scheme of the Government of India, designed to empower micro-enterprises by providing micro-credit or loans up to Rs. 10 lakhs. This initiative primarily targets income-generating activities in the non-farm sector, encompassing manufacturing, trading, and service sectors, as well as allied agricultural activities … Read more
Join Jana Small Finance Bank in 2024 as a Relationship Manager, bringing DSA handling expertise in LAP/Home loans. If you’re a graduate with over 3 years of experience in DSA/Channel management for finance loans, this is your opportunity. Competitive salary, incentives, and travel allowances await the right candidates. Apply now by sending your CV to vivekanand.singh@janabank.com. Embrace a fulfilling career at Jana Small Finance Bank!
Lead Partnership Distribution – Banca at Cholamandalam MS General Insurance. Cultivate branch relationships, drive business, and ensure prompt policy issuance. Ideal for candidates with at least 1 year of sales experience in insurance and banking. Join us in Pune or Nashik for a fulfilling professional journey.