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₹522 crore during the quarter compared to a loss of ₹2,502 crore in the corresponding quarter last year and ₹6,511 crore in the preceding quarter. The recovery was primarily led by the domestic unit of Tata Steel, which reported a pre-tax, depreciation and interest profit of ₹8,257 crore compared to ₹5,335 crore last year. Meanwhile, Europe reported a loss of ₹2,872 crore before tax, depreciation, interest and exceptional items.

Zee group founder Subhash Chandra had written to Finance Minister Nirmala Sitharaman, blaming Sebi for attempting to “scuttle" the merger. In his letter, Subhash Chandra alleged the Indian market regulator of “acting with a predetermined mind" and requested the finance minister to take the necessary steps "to safeguard the interest of the minority shareholders of ZEEL".

Investing.com — PACCAR (NASDAQ:PCAR) reported its Q4 results, with EPS of $2.70 coming in better than the consensus estimate of $2.23. Revenue grew 11.6% year-over-year to $9.08 billion, beating the consensus estimate of $8.54B. The company achieved record revenues of $35.13B for the full 2023 year, compared to revenues of $28.82B in 2022.

If you couldn't find a new banking job in 2023, then good luck finding a new banking job in 2024. For all the hope that this year would improve the fortunes of financial services jobseekers, and by extension financial services recruiters, 2024 is not starting on a high note. 

The annuities business is on a tear, seeing higher sales than it has ever experienced for the second year in a row in 2023.

Bank of America CEO and Chairman Brian Moynihan discusses the Feds rate hikes, 2024 consumer strength and big bank regulation.

DuPont de Nemours (NYSE:DD) provided today a preliminary outlook for the first quarter, which sent shares lower by nearly 12%.

Indian Oil Corporation (IOC) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. Standalone net profit of ₹8,063.39 crore in October-December 2023-24 was higher than ₹448.01 crore profit in the same period a year ago but lower than ₹12,967.32 crore earnings in the preceding three months ended September 30, 2023, according to a stock exchange filing by the company. The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high in 2022-23.

bus ticketing platform AbhiBus said on Wednesday it has seen an 86% month-on-month increase in travel demand to Ayodhya, particularly among Gen Z travellers. The company said the surge reflects a 'significant' trend of enthusiasm and spiritual inclination among the younger generation to visit the Ram Mandir.

By Shristi Achar A

By Dawn Chmielewski

Icra on Wednesday revised upward its bank credit growth projection at 14.9-15.3 per cent this fiscal, but said the same will lose steam and grow at 12 per cent next fiscal. At 14.9-15.3 per cent, the system level credit expansion in absolute terms will be Rs 20.4-20.9 lakh crore, it said, adding this will be the highest ever incremental bank credit growth and would surpass the previous high of Rs 18.2 lakh crore recorded in FY23 at a growth rate of 15.4 per cent.

Ram Lalla witnessed a unique occurrence on Tuesday. A monkey made an unannounced visit to the sanctum sanctorum, leaving security personnel astonished and devotees in awe. Divine intrusion At precisely 5:50 pm, a nimble monkey entered the temple through the southern gate, making its way towards the revered Utsav idol of Lord Ram.

REC jumped almost 9 percent in intra-day deals on Wednesday (January 24) after the firm posted strong results for the quarter ended December (Q3FY24). The company's net profit rose 13.6 percent year-on-year (YoY) to ₹3,269.3 crore for Q3FY24 versus ₹2,878 crore in the same quarter last year. Meanwhile, its net interest income (NII) for the quarter under review grew 18 percent YoY to ₹4,159 crore.

By Toby Sterling

Karnataka Bank tanked over 12% to the day's low of Rs 233.10 on Wednesday after the private lender reported a marginal decline in its net interest income (NII) and net interest margins (NIMs) for the December ended quarter. The gross non-performing assets (GNPA) also increased on a year-on-year (YoY) basis.

International Energy Agency said Wednesday. In its annual report on the electricity market, the IEA said that renewables — in particular from solar panels — should see their share of total electricity production surpass a third of the total, passing from 30 percent last year to 37 percent in 2026.

Disney has requested a second court delay in its legal battle with Florida Gov. Ron DeSantis’ appointees over who controls Walt Disney World’s governing district

Investing.com-- Most Asian stocks retreated on Wednesday as mixed signals from the Bank of Japan spurred some profit-taking in Japanese markets, while Hong Kong stocks rebounded sharply on a tech-fueled rally led by Alibaba Group.

Karnataka Bank shares witnessed a substantial decline of 12.60%, hitting a 2-week low of ₹233.10 apiece in today's trading session. This decline follows the bank falling short of street estimates for the December-ending quarter with a deterioration in its asset quality. The bank's gross non-performing assets (NPA) experienced a YoY increase of 36 basis points, reaching 3.64% in Q3 FY24.

Financial planners believe firsttime equity investors moving from bank deposits to mutual funds can consider an aggressive hybrid fund category, which invests in a mix of equity and debt instruments.