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₹1,568.00 apiece on the BSE. IndusInd Bank on Thursday reported a rise of 17.3% in standalone net profit at ₹2,297.8 crore for the quarter ended December 2023, compared to ₹1,959.2 crore in the year-ago period. The bank’s net Interest Income in Q3FY24 grew by 18% YoY and 4% QoQ to ₹5,296 crore.

ruin and riches. Less than a year ago rising rates caused Silicon Valley Bank (SVB) and then First Republic to fail, the largest bank collapses since 2008. Yet on January 12th JPMorgan Chase reported its seventh consecutive quarter of record net-interest income.

The number of Americans applying for unemployment benefits last week fell to its lowest level in more than a year, underscoring the resilience of the labor market amid elevated interest rates

Investing.com-- CITIC Securities Co Ltd (SS:600030), China’s biggest brokerage, restricted short-selling for some clients amid growing, outsized losses in local stock markets, Bloomberg reported on Friday citing people with knowledge of the matter.

earnings heavy day with 46 listed companies to declare their December quarter earnings. Street will be keenly looking at the results of Reliance Industries (RIL), Hindustan Unilever (HUL), UltraTech Cement and Paytm operator One 97 Communications. The other important results will be from the likes of Atul, Central Bank, Hindustan Zinc, RBL Bank, Sunteck Realty and Supreme Industries. On Thursday, IndusInd Bank and Polycab India announced their October-December quarter results along with 40 other companies. While the private lender reported standalone net profit growth of 17% year-on-year at Rs 2,298 crore which was up from Rs 1,959 crore in Q3FY23, Polycab posted a double-digit growth in both profit and revenue for the said quarter. The consolidated net profit rose 15.4% year-on-year (YoY) to Rs 413 crore.

North Korea has conducted a test of its underwater nuclear weapons system in a protest against this week's joint military drills by South Korea, the United States and Japan, state media KCNA said on Friday. The test of the «Haeil-5-23» system, a name North Korea has given to its nuclear-capable underwater attack drones, was carried out by the defence ministry's think tank in the waters off its east coast, the report said, without specifying a date. «Our army's underwater nuke-based countering posture is being further rounded off and its various maritime and underwater responsive actions will continue to deter the hostile military manoeuvres of the navies of the U.S. and its allies,» an unnamed spokesman of the ministry said in a statement, according to KCNA. The navies of South Korea, the United States and Japan staged this week three-day joint drills until Wednesday, alongside the U.S.

Amazon.com said on Thursday it is laying off fewer than 5% of employees at its Buy with Prime unit. Launched in 2022, Buy with Prime gives retailers, who are not Amazon merchants, fulfillment and delivery services through its logistics network.

Former US President Donald Trump on Wednesday night (local time) pledged to block the creation of a federal digital currency, terming it a «dangerous threat to freedom,» The Hill reported. While addressing a rally in New Hampshire's Portsmouth, Trump said, «Tonight, I am also making another promise to protect Americans from government tyranny.» He said, «As your president, I will never allow the creation of a central bank digital currency.»

Iran and Pakistan, the US is concerned about the escalating tensions in the region and has urged restraint on all sides, US State Department of State Matthew Miller said on Thursday (local time). While addressing a press briefing, Miller said there is no need for escalation in the matter. He said that the US has noted the Pakistgovernment's comments about the importance of «cooperative relations between Pakistan and its neighbours.

budget a modest 9-11% increase in net tax revenue receipts in FY25 over the budget estimate for the current year in the February 1 interim budget. In absolute terms, the net tax revenue of the Centre is expected to be pegged at ₹25-26 lakh crore. In the current fiscal, the Centre has budgeted ₹23.3 lakh crore net tax revenue. The revised estimate for net tax revenue receipt in the current fiscal year, after devolution to states, will be at about the same level as the budget estimate, considering the likely shortfall in excise duty collections, people aware of the details told ET. The excise duty target for next fiscal is likely to be at ₹3 lakh crore. In the current fiscal year, excise duty collections are expected to fall short by ₹45,000 crore from the budgeted target of ₹3.39 lakh crore.

Donald Trump Jr has said that conservative pundit Tucker Carlson could make a good vice presidential running mate for his father, The Hill reported. While speaking to cable channel Newsmax about whether he would consider Carlson, Trump Jr said the option was «on the table,» according to The Hill report.

(Reuters) — Los Angeles Times plans to layoff a «significant» number of journalists, the newspaper's guild said on Thursday, adding that they would organize a one-day walk-out on Friday to protest against the planned move.

Reliance Industries: Mukesh Ambani-owned Reliance Industries Ltd will announce its December quarter (Q3FY24) results on 19 January, Friday. The oil-to-telecom conglomerate is expected to report a 9.3% year-on-year rise in consolidated net profit to ₹17,257 crore, aided by a steady performance of its digital and retail businesses. Consolidated revenue for Q3FY24 is likely to rise 5% YoY to ₹2.31 trillion.

non-scheduled flights of scheduled airlines, and chartered flights will not be permitted from 10 am to 1.15 pm during the January 19-25 period, PTI reported. According to the NOTAM issued by the Airports Authority of India (AAI), these restrictions will be in force from 6 am to 9 pm during the period from January 26 to 29. A NOTAM (Notice to Airmen) is a notice with information that is essential to personnel involved in flight operations.

Salaar: Cease Fire - Part 1" continues to maintain a presence at the Box Office. As per Sacnilk.com's approximations, the movie garnered approximately 0.25 Cr in net earnings in India on its twenty-eighth day across all languages.Despite experiencing a decline in box office figures compared to its earlier performances, the film has achieved a noteworthy milestone, particularly given its almost four-week presence in theatres.

Manipur govt mulls to re-examine ST status of Kuki, Chin tribes With these four, at least seven people including two police commandos were killed in separate districts of the state since Wednesday. Police said they are investigating the case. According to media reports, the four Meiteis who were shot dead yesterday were tilling a farm when they came under attack.

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Investors will now focus on the corporate earnings for the third quarter of FY24 which so far have been a mixed bag. “We expect the market to consolidate in a range with limited upside amid a global uncertain environment.

Houthi anti-ship missiles directed at the Red Sea. As reported by Reuters, escalating tensions in the region's maritime routes have caused disruptions in global trade, leading to concerns about potential supply constraints that could potentially revive inflation.

Investing.com — US stock futures moved minimally in Thursday's evening trade, following a positive session from major benchmark averages.

NEW DELHI : Japan International Cooperation Agency (JICA), the country’s development aid agency, is working with India on a roadmap to reduce carbon emissions in the power sector, Saito Mitsunori, the chief representative of the agency’s India Office said. JICA is also in talks with the central and state governments to fund more projects to improve connectivity with Bangladesh, Nepal and Bhutan, Mitsunori said.

YouTube and Spotify Technology SA, the world’s most popular video and music services, are joining Netflix Inc. in steering clear of Apple Inc.’s upcoming mixed-reality headset. YouTube said in a statement Thursday that it isn’t planning to launch a new app for the Apple Vision Pro, nor will it allow its longstanding iPad application to work on the device — at least, for now.