Chennai, Kotak Mahindra Bank Ltd on Saturday said it closed the third quarter of FY24 with an after tax profit of Rs 3,005 crore. In a regulatory filing, the bank said the net profit for the quarter ended December 31, 2023 stood at about Rs 3,005 crore up from about Rs 2,792 crore in Q3FY23. According to … Read more

New Delhi, Investors became poorer by Rs 4.59 lakh crore on Wednesday due to a sharp fall in the equity markets where the BSE Sensex plummeted 1,628 points, dragged by bank stocks and weak global trends. Extending its previous day’s decline, the 30-share BSE Sensex tanked 1,628.01 points or 2.23 per cent to settle at 71,500.76. During … Read more

India’s largest IT company TCS says little has changed in terms of client sentiments on ground, as it delivered 1% sequential revenue growth in the third quarter. The company which saw its BFSI segment – which is banking, financial services and insurance – de-grow by 3% on a yearly basis, hopes that this segment must … Read more

A sharp rise in home sales as well rising office occupancies might be the talk of the town. Yet, private equity investments in the sector remained muted. In the first nine months of FY24, i.e. April to December 2023, PE investments in the sector registered a 26% decline, says a report by Anarock. Investor activity remained tepid … Read more