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Net profit increased to ₹3,614 crore in the quarter ended December 2021 from ₹1,117 crore a year earlier, led by a 17% growth in net interest income (NII) and a 15% growth in fee income.

Hero Fincorp to raise Rs 2,000 cr for growth

Updated at : 2022-01-25 08:20:02

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Hero Fincorp has initiated a valuation exercise before the equity funding round will be finalised. The final contributions of the existing and new investors could change based on the valuation report, according to people cited.

The safe-haven U.S. dollar hovered near a two-week high against its major peers on Tuesday amid escalating worries about both a faster pace of Federal Reserve policy tightening and potential military conflict in Ukraine.

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Maruti Suzuki, Pidilite Industries, SRF, Cipla, United Spirits, Macrotech Developers, Torrent Pharma, APL Apollo Tubes and Federal Bank are among the companies that will announce their December quarter results today.

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The S&P 500 recovered 4.3 percentage points from its session low to it closing level, the largest such swing since March 26, 2020, when Wall Street was bouncing back from the global slump caused by the coronavirus pandemic.

Bitcoin bounces off six month lows as buyers step in

Updated at : 2022-01-25 07:20:04

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Bitcoin is now at a critical juncture where analysts say that further selling could reverse its long-term bull trend.

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Net interest income grew by 11.16 per cent to Rs 2,387.97 crore in the latest quarter under review as against Rs 2,148.22 crore in the year-ago period.

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The bilateral short-term loan is being raised from Gujarat GIFT city and will likely be priced after adding about 70-85 basis points over the London Interbank Offered Rate (LIBOR), said two people familiar with the matter.

Tuesday is likely to see the levels of 17,250 and 17,325 acting as resistance points for Nifty. Supports come in at 17,050 and 16,980 levels

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Sharda stock jumped after the company on Friday reported a two-fold jump in consolidated net profits

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