State Bank of India (SBI) Q1FY24 results preview: State Bank of India (SBI)’s April-June quarter (Q1) net profit may decline up to 18 per cent on a sequential basis as the country’s biggest government-owned lender may create higher provisions and record muted operational performance during the quarter, analysts said. The net profit estimates… Continue reading Analysts see profit surging up to 169% YoY; here’s why
Tag: surging
Surging gold prices take sheen off Indian jewellery maker Titan’s profit
By VarunVyas Hebbalalu India’s Tata Group-owned Titan Co reported a lower-than-expected quarterly profit on Wednesday as its mainstay jewellery segment was hurt due to surging gold prices, which pushed up costs and eroded margins. Titan, which owns the Tanishq jewellery brand, said its first-quarter profit fell more than 2% to 7.77 billion… Continue reading Surging gold prices take sheen off Indian jewellery maker Titan’s profit
Jindal Stainless seeks govt intervention to check surging steel imports
According to official data, the Share of China, Japan, Vietnam, Saudi Arabia, Russia, Nepal and the USA increased in total steel imports of India in June 2023 as compared to June 2022 Stainless steel maker Jindal Stainless Ltd (JSL) has sought the government’s intervention to check increasing imports of steel products from a select… Continue reading Jindal Stainless seeks govt intervention to check surging steel imports