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RIL, HUL, Bajaj Finserv, JSW Steel, SBI Life Insurance, Hindustan Zinc, HDFC Life Insurance, Ambuja Cements, DLF, United Spirits, Torrent Pharma and Vodafone are among the companies that will announce their results for September 2022 quarter today.

Total advances increased 22% year-on-year with a 15% growth in retail, agriculture and MSME segments and a 22% growth in corporate loans led by segments like infrastructure, iron and steel, chemicals and NBFCs. As a result, net interest income (NII) grew 22% to 8,305 crore . CEO A Manimekhalai said the bank continues to maintain a conservative 10% to 12% credit growth target for the current fiscal year despite the strong growth in the second quarter.

Total income rose by 29% to 9,972 crore during the quarter, Bajaj Finance said in a regulatory filing. Interest income grew by 27% to 8,509 crore. Shriram Transport Finance Q2 Net Rises 38%

While gold is considered a hedge against inflation, higher interest rates increase the opportunity cost of holding the bullion, which yields nothing. Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed on Wednesday, but still at a record high, underlining market expectations of more rate rises before the end of the year.

The funds raised via rights issue are in multiple calls - the first call at the time of application is ₹600 crore. This will be used in the manner described in the letter of offer, including for repayment or pre-payment of a portion of certain outstanding borrowings availed of by the company and its subsidiaries.

The ITC scrip touched its 52 weeks’ high on Thursday and closed at a gain of 0.97% to Rs 349.7 on the BSE

The region-wide STOXX 600 closed 0.3% up after flirting between gains and losses right after the announcement in London

Kerala-headquartered bank will hold an extraordinary general meeting on November 12

The company has cut the size of its fresh issue of equity shares to Rs 400 crore from Rs 500 crore planned earlier.

The bank’s net interest margin, a key profitability metric, improved to 2.86% for the quarter under review