Business
ICICI Bank reported a 14.5% rise in Q2 net profit, reaching Rs 11,746 crore, with net interest income growing 9.5% to Rs 20,048 crore.
IndiGo faced a Q2 loss of Rs 986.7 crore, a shift from last year’s profit of Rs 188.9 crore, despite a revenue increase of 13.6%.
Bank of Baroda's Q2 profit surged 23% to Rs 5,238 crore, while net interest income rose 7.3% to Rs 11,622 crore amid improving NPAs.
DLF's Q2 profit soared 122.1% to Rs 1,381.2 crore, with revenue up 46.5% to Rs 1,975 crore, indicating strong performance in the real estate sector.
Ambuja Cements expanded its limestone reserves to 8 billion tonnes through strategic state auction participation, narrowing the gap with UltraTech Cement's 10 billion tonnes.
Yes Bank's Q2 profit jumped 145.6% to Rs 553 crore, with net interest income rising 14.3% to Rs 2,200 crore and improved gross NPA.
The finance ministry plans to finalize IDBI Bank's privatization by March 2025, with shortlisted bidders receiving access to the virtual data room soon.
Axis Bank received a SEBI notice regarding its stake in Max Life Insurance and plans to respond, confirming all transactions had regulatory approvals.
Bajaj Auto's Freedom 125 CNG motorcycle saw strong demand in October, selling over 8,310 units, reflecting a 68% growth, with plans for increased production.