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Engineering behemoth Larsen & Toubro reported a 10% year-on-year (YoY) growth in consolidated net profit for the March quarter to Rs 3,987 crore. Consolidated revenue from operations rose 10.4% YoY to Rs 58,335.15 crore.

The development comes on the back of Ola exiting verticals like food and grocery delivery and second-hand car sales, to focus on its mainstay ride-hailing business.

Canara Bank is planning to create a new subsidiary to run its credit card business, said CEO K Satyanarayana Raju. He said the bank, which is the third most-valued state-run lender after State Bank of India and Bank of Baroda, will either use one of its existing subsidiaries or set up a new one to run the card business, which it believes can grow exponentially.

NARCL has offered ₹45 crore against a claim of ₹1,173 crore that these two banks have filed with the resolution professional, according to a notice issued by lenders to other ARCs.

HDFC Bank is set to open 600 branches in semi-urban and rural areas over the course of fiscal year 2024, with more additions also planned in urban locales. ICICI Bank is also expected to open more than 500 new branches across geographies while Kotak Mahindra Bank will open 150 branches in the new fiscal year.

The proportion of the revenue generated through the sale of digital rights in total revenue of films increased to around 21% in 2022 from nearly 10% in 2019. On the other hand, the share of revenue through the sale of television broadcast rights fell to 5.8% in 2022 from over 11% in 2019.

"A quick read would indicate a tilt towards some potential further tightening of monetary policy," said Gregory Daco, chief economist at EY. "But if you lift the cover and look at the underlying details in this report, actually they mostly point towards the higher likelihood of a pause."

US April consumer inflation, which was announced on Wednesday after trading hours in Mumbai, increased 4.9% - the lowest since April 2021. This was in line with expectations, raising expectations of a pause in interest rate increases by the Fed.

The ports business of the Sajjan Jindal-led JSW Group plans to deploy the proceeds of the public issue to retire its debt and fund capacity expansion projects. The IPO is entirely a fresh share issue.

​On the candlestick screener, a bullish reversal pattern helps identify stocks that can convert into an uptrend from a downward zone in the future​