The chairman of India’s market regulator said on Thursday it was working to resolve issues delaying the National Stock Exchange’s (NSE) long-awaited listing, potentially easing the way for the bourse’s entry into public markets. The country’s largest exchange first applied for a listing in 2016 but faced a long-running case over equitable access for its trading members. In April 2019, the regulator fined the stock exchange Rs 1,100 crore for not ensuring equitable access and
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Continuing with its healthy financial performance, ICICI Bank may see double digit growth in net profit during the March quarter of the financial year 2024-25 (Q4FY25), expect analysts. That apart, net interest income (NII), they said, could clock high single digit growth on a year-on-year (Y-o-Y) basis in Q4FY25 with a steady net interest margin (NIM) sequentially (quarter-on-quarter; Q-o-Q). Among key monitorables, analysts said deposit growth, and margin outlook would be on investors’ radar. ICICI Bank Q4
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HDFC Bank could report stable March 2025 quarter (Q4) results, as it remains focussed on balancing its credit-deposit ratio (CDR) and balance sheet management, predict analysts. India’s largest private sector bank, they believe, could report a net profit growth of 4 per cent, on average, on a year-on-year (Y-o-Y) basis for Q4FY25. This, however, would mean a flat performance on a sequential basis. On the net interest income (NII) front, analysts remain divided and see
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Frontline indices, the Sensex and the Nifty 50, extended their gains for the fourth consecutive session on Thursday, April 17, amid across-the-board buying and easing concerns over the impact of the ongoing trade war on the Indian economy. Sensex closed 1,509 points, or 1.96 per cent, higher at 78,553.20, while the Nifty 50 settled with a gain of 414 points, or 1.77 per cent, at 23,851.65. The mid and small-cap segments underperformed as the BSE
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Tech major Infosys will be among the 12 companies to announce its earnings report for the January-March quarter of the financial year 2024-25 (FY25) on Thursday. Companies will also be releasing their performance report for the entire financial year that ended on March 31. Besides Infosys, other companies announcing financial results today are Jio Financial Services, HDFC Asset Management Company, HDFC Life Insurance Company, Tata Elxsi, Advik Capital, Devinsu Trading, Mahindra EPC Irrigation, Indosolar, National Standard
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