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Term deposits – contributing almost 60% of total deposits – moderated, reflecting the easing of interest rates and the lure of returns on competing asset classes. Term deposit growth of private banks decelerated sharply even as it quadrupled in public sector banks, Reserve Bank of India said.
TCI Express Q2 net profit grows 41% to Rs 34 crThe company had clocked a net profit of Rs 24 crore in the year-ago period, it said in a regulatory filing. Its income from operations during the quarter under review also rose to Rs 274 crore from Rs 212 crore in the year… Read MoreHindustan Zinc Q2 net profit up 4% at Rs 2,017 crThe Vedanta group firm has also reported record-high operating earnings for the first half of FY22 at Rs 6,890 crore, up 51 per cent year on year.
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… Read MorePolycab India Q2 consolidated net down 9.49% at Rs 200 croreRevenue from operations of the company went up by 48 per cent during the quarter under review at Rs 3,128.83 crore as compared to Rs 2,113.68 crore in the same quarter of the previous fiscal.
from Stocks-Markets-Economic Tim… Read MoreDeepak Fertilisers raises Rs 510 cr via sale of shares to institutional investorsIn a regulatory filing, the securities issue committee of the board of directors at its meeting held on Friday approved the closure of the issue on October 22.
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… Read MoreCrompton Greaves Q2 net profit up 12% at Rs 159 crConsolidated revenue from operations during the second quarter stood at Rs 1,385.12 crore as against Rs 1,213.19 crore in the year-ago period, it added.
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