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“It looks very much that regardless of where the pace of the next few rate hikes are going to be, we are in this very high terminal rate environment for a long time. On our part, we have the Fed going 4.75% to 5% by Q1 of next year and the remaining on hold until the end of 2023.”

The core fee-based income declined by 32%. Gross slippages stood at ~3%, while elevated, they moderated on a QoQ basis. Provisioning costs also remained elevated. High overall stress book relative to peers, the brokerage said.

"The numbers for most relevant sectors have been great. For example, auto, BFSI and IT have seen better-than-expected numbers while metal stocks are likely to see downgrades. I think, as more structural sectors (and with higher weight in index) like the former perform better on earnings vs later (like metals, mining, and oil & gas), it will be overall positive for earnings growth."

Global Health is one of the largest private multi-speciality tertiary care providers operating in the North and East regions of India. It has a network of four hospitals in Gurugram, Indore, Ranchi, Patna and Lucknow.

Crypto venture capital company Digital Currency Group has promoted Chief Operating Officer Mark Murphy to president amid a restructuring in which some 13% of its staff departed, Bloomberg reported.

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1537.60 Crore, up 3.98 % from last quarter Total Income of Rs 1478.71 Crore and up 7.57 % from last year same quarter Total Income of Rs 1429.34 Crore. Company reported net profit after tax of Rs 129.40 Crore in latest quarter.

“The stock price started its downfall from Rs 554 (July 2019). The stock made lower tops and lower bottoms followed by trading below averages and hit a low of Rs 170 in March 2020 after the Covid event,” Bharat Gala, President - Technical Research, Ventura Securities Ltd.

CMS Info Systems Ltd. key Products/Revenue Segments include Sale of services, Automated Teller Machines (ATM) and Sale of Products for the year ending 31-Mar-2022.

In the spot market, the highest purity gold was sold at Rs 50,824 per 10 grams and silver was priced at Rs 58,627 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

“The Fed hiked rates again by 75 basis points. It will hurt growth. The question is what more can the RBI do? Frankly not very much and that means pain for all of us. The government can help up to a point but things like subsidies, etc, come back to haunt you later. So the RBI must share some of the blame, if not all of it and that is what I think is going to be missing in the letter.”