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Maker of the Pulsar and Discover motorcycles beats market estimates with a Rs2,042 crore net profit in Q3, compared with Rs1,491 crore a year earlier and the average estimate of Rs1784.50 crore in a Bloomberg poll of analysts.

​Oil rose slightly on Wednesday, with Brent trading near $80 a barrel, as a Chinese economic stimulus package and geopolitical tensions were countered by concerns over tepid demand and a stronger dollar.

​Gold eased on Wednesday after data showed strong U.S. business activity, even as a weakened dollar limited losses, while investors looked ahead to more economic indicators to assess when the Federal Reserve might first cut interest rates.

Bitcoin has fallen over one fifth since its peak earlier this month, hit after the United States approved its first spot bitcoin exchange traded fund (ETF), as investors who had bought in expectation of the approval sold after the confirmation.

The net profit was Rs 269 crore in the year-ago period. The provisions were lower at Rs 1,212 crore against Rs 1,760 crore.Its net interest margin for the quarter dipped 119 basis points to 3.49% from what it was in the year-ago period.

Dalmia Bharat’s consolidated net profit rose over 22% on year to 266 crore rupees in the December quarter helped by higher volumes and lower commodity prices. Consolidated sales were over 7% higher at 3,600 crore rupees.

Chennai-based Indian Overseas Bank recorded a 40 percent growth in net profit for the quarter ended December 2023 on controlling non-performing loans and lower provisioning.