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Signs of rising inflation have increased bets that the Federal Reserve may tighten its policy soon, hitting rate-sensitive growth stocks that set the tech-heavy Nasdaq on track for its fifth consecutive weekly drop.
Fino Payments Bank Q3 Results: Firm posts net profit of Rs 23 croreIts revenue for the quarter was 18% higher at Rs 370 crore while EBITDA expanded by 30% to Rs 50.5 crore. Overall throughput value grew by 42% year-on-year to Rs 93,323 crore while digital throughput within it grew 184% to Rs… Read MoreGrasim Industries’ ₹4,000-crore rights issue subscribed nearly 2 timesThe flagship company of the Aditya Birla group had set the price for the rights issue at Rs 1,812 per share, with shareholders entitled to six rights equity shares for every 179 that they held in the company as on January 10.… Read MoreDixon Technologies Q3 Results: Net profit soars 86% YoY to Rs 97 croreThe company’s revenue from mobile phone manufacturing grew a sharp 251% on-year to Rs 3214 crore in the quarter ended December 2023, from Rs 915 crore a year before. Operating profit in this segment surged 215% on-year to Rs … Read MoreLIC Housing Finance Q3 Results: Net profit jumps over two-fold YoY to Rs 1,163 croreNet profit margin, which is a ratio of net profit to total revenue, improved to 18.1% from 10.52% over the same period. The gross non-performing assets ratio fell to 4.26% at the end of December from 4.76% a year back. Net NP… Read MoreLondon stocks slip after BoE stands pat on ratesThe blue-chip FTSE 100 was down 0.1%, but was up as much as 0.6% before the central bank's decision. British government bond yields rose and the pound cut some of its earlier losses.
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