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Growing revenue offset total expenses for the quarter, which inched up 9% to 1.95 billion rupees, with licence fees and registration charges rising more than 7%.

The latest Reserve Bank data indicates that in the July 15 fortnight it fell to Rs 26,000 crore as one of the biggest issuers-HDFC is now out of the market. Fresh issues have been slowing since June this year. Interest rates ranged from 6.7 per cent to 13.1 per cent during the fortnight. Significantly fresh issues fell even as the rates have not hardened and have remained range bound around 6.7 percent since May

KPIT Technologies, a Pune-based company, reported a 53.36% increase in net profit to INR134.44 crore in Q1 2022, supported by revenue growth. The firm’s revenue from operations surged over 60% to INR1,097.6 crore YoY. Kishor Patil, CEO and MD of KPIT Technologies, said that the company continues to maintain its earlier guidance

On a sequential basis, analysts expect net interest margin to dip, but it should be lesser than most other banks. Loan book, including Citibank Consumer portfolio likely to grow 2.2% QoQ. Employee cost will have a full wage impact of Citi employee post acquisition. The bank will bear operating expenses of Rs 20 billion over 18 months

Profit after tax at the firm increased to Rs1165 crore over Rs1173 crore in the same period last year while revenue from operations advanced Rs10,310 crore from Rs8005 crore, the company said in a filing to the stock exchanges. A Bloomberg poll of analysts had expected net profit of RsRs1656 crore

The company is targeting a five-fold increase in sales by the year 2025 aided by timely delivery of projects, enhancing executional efficiency and strategically launching three new projects during the current financial year with a gross development value of Rs 1,800 crores, Ajmera said

Bajaj Finance is expected to post a good set of numbers in Q1FY24

Dow rises 0.03%, S&P 500 opens higher by 0.01% while Nasdaq Composite gains 0.24% at the opening bell

Following its IT peers, Tech Mahindra is expected to see a muted quarter with sequential decline in communications revenue and flat growth in the enterprise segment

Sectorally, buying was seen in utilities, metal, power, and consumer durable stocks while selling was seen in FMCG, capital goods, realty, and banks