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Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead of an expected initial public offering this year, the company told CNBC.

₹50.60 apiece three years ago, shares of Steel Strips Wheels (SSWL), a prominent player in the automotive wheel manufacturing sector, have strengthened 442% to trade at the current price of ₹274.30 apiece. In the same period, the Nifty Smallcap 100 index gained 116%. The stock experienced significant gains in the calendar year 2021, soaring by 241%.

hardware: tanks, fighter jets, missiles, air-defence batteries, artillery and vast quantities of munitions. But a less discussed weakness lies in electronic warfare (EW); something that Ukraine’s Western supporters have so far shown little interest in tackling.

Citi expects a solid beat and raise from Microsoft (NASDAQ:MSFT) when it reports earnings next week. The firm lifted its price target for the tech giant to $470 from $432 per share, maintaining a Buy rating on the stock in a note Wednesday.

₹607 crore in Q3. Despite decent growth, investors are concerned due to the bank’s apprehensions about credit and deposit growth. Anticipating a tight liquidity environment to continue until inflation cools to 4%, Axis Bank foresees a slowdown in credit growth and limitations on deposit expansion.

₹607 crore. NIM was in line with expectations, supported by improved yields resulting from a favourable product mix and a reduced share of low-yielding Rural Infrastructure Development Fund bonds. Looking ahead, as the deposit repricing continues and the loan-to-deposit ratio contracts, there might be some near-term pressure on NIM, but it does not appear alarming yet.

Canara Bank's net profit rose 27% to Rs 3656 crore in the quarter ended December 2023 due to fall in provisions and higher other income even as operating expenses increased.

Union Cabinet on Wednesday approved a Rs 8,500 crore incentive scheme for coal gasification projects, sources said. The adoption of gasification technology in India is expected to reduce the country's reliance on imports of natural gas, methanol, ammonia and other essential products.

By Promit Mukherjee

₹55 crore through a combination of cash and share swap from the founders of Comic Con India – Jatin Varma and Karan Kalra. Comic Con India was founded in 2011. The company organizes various festivals across India, in segments like comics, cosplay movies, TV shows, merch, gaming and much more.

Adhir Ranjan Chowdhury skirmish had been broiling for quite sometime, also considering both parties have been rivals since Mamata Banerjee won the first state Assembly Elections. Reportedly Mamata Banerjee was willing to offer no more than two seats to Congress from West Bengal, which was rejected by Adhir Chowdhury, the Congress leader from the state. With Bhartiya Janata Party (BJP) as the sworn rival for the 2024 Lok Sabha Polls, the INDIA bloc in West Bengal seems like a pipedream, possibly impossible to achieve.

By Joe Cash

government will marginally bring down the gross borrowing to Rs 15.3 lakh crore in FY25, as it pegs the fiscal deficit at 5.5% of the GDP in the interim budget, SBI researchers said Wednesday. “We believe in FY25, net market borrowing of the Centre will be around Rs 11.7 lakh crore, and with repayments of Rs 3.6 lakh crore, gross borrowings are expected to be at Rs 15.3 lakh crore. However, the Government will adjust in switches, and this could adjust gross borrowings lower than Rs 15 lakh crore,” the researchers said. They also noted that there might be adjustments to the fiscal deficit in July when the new government releases its full budget. “The final budget to be presented in July could set it at a lower level of 5.3%-5.4% depending on GDP numbers that will be released in May 2024,” it said, noting that government will continue to rely on small saving schemes for financing of fiscal deficit. The government has set a target of bringing down the fiscal deficit to 4.5% of GDP by FY26. “It can give a hard push to Sukanya Samriddhi Yojana through encouraging fresh registrations in a mission drive mode, allowing one-time registrations for all leftover cases up to 12 years,” they said. SBI researchers noted that the government will likely be able to achieve its fiscal deficit target of 5.9% in FY25.

₹3,656 crore for the third quarter of FY24, registering a growth of 26.87% from ₹2,881.5 crore in the same period last year. The bank’s Net Interest Income (NII) during the December quarter rose 9.5% to ₹9,417 crore from ₹8,600 crore, YoY. Net interest margin (NIM) was improved by 9 bps to 3.02%, but was flat sequentially.

Tata Elxsi shares price fell nearly 5% to Rs 7,807 in Wednesday's trade on BSE after the design and technology services company reported a 6% year-on-year (YoY) rise in third-quarter profit.

The U.S. Financial Industry Regulatory Authority (FINRA) has reported that approximately 70% of crypto asset-related communications reviewed in a recent targeted exam have failed to comply with its rules.

Pramod Amthe, Head Of Institutional Equity Research at InCred Capital believes there could be a muted allocation for the infra sector in the Budget, but there could be announcements for the next five years which can provide the roadmap for the sector. He expects the government to focus on defence, new energy incentives and EVs (electric vehicles). In an interview with Mint, Amthe also shared his views on markets and his expectations from the Q3 earnings of Nifty companies.

MANILA (Reuters) -Philippine Finance Secretary Ralph Recto said on Wednesday inflation remains a «most urgent concern» and must be kept under control.

By Hyunjoo Jin and Joseph White

Cyient DLM with a target price of Rs 830. The current market price of Cyient DLM Ltd. is Rs 655.8. Cyient DLM Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 5206.45 Crore) operating in General sector.

Axis Bank shares fell over 5% to the day's low of Rs 1,034.75 on Wednesday notwithstanding its December quarter earnings which were higher than what Street expected. Positive commentary by a couple of top brokerages failed to cheer the investors as selling pressure in top banking counters prevailed.