Fri, Feb 9, 2024 10:17 PM
Bandhan Bank Q3 profit jumps over two-fold to Rs 733 crore
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The ADB's actual finance numbers for its largest climate adaptation projects in countries in Asia, including India, are "overstated" and could be off by 44%, USD 0.9 billion instead of the reported USD 1.7 billion, Oxfam claimed in a report. The ADB, however, reaffirmed its figures, standing by its methodology and commitment to deliver USD 100 billion in climate financing by 2030.
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Domestic computer server maker Netweb Technologies posted a nearly three-fold jump in its net profit to Rs 29.6 crore in the fourth quarter ended on March 31, 2024, on account of a boom in demand for artificial intelligence-based solutions. The company had posted a net profit of Rs 10.5 crore in the same period a year ago. Revenue from operations of Netweb Technologies more than doubled.
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Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi believes that the Nifty 50 index is in overbought condition and there can be some profit-booking in the 50-stock index during Thursday deals. Stocks to buy: 📌Adani Power: Buy at ₹613, target ₹640, SL ₹600. 📌IndusInd Bank: Buy at ₹1512, target ₹1550, SL ₹1490. 📌Punjab National Bank or PNB: Buy at ₹140, target ₹148, SL ₹134.
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