Tue, Oct 22, 2024 3:00 PM
Goodyear India Q2 Results: Net profit drops 58.5% YoY to Rs 15.74 crore
A Flip by Avya Verma
Aditya Birla Real Estate Ltd has released its earnings results for the quarter and half year ended September 30, 2024, reporting a profit during the period. The real estate company has posted a consolidated net profit of ₹2.82 crore in the second quarter of the financial year 2025, as opposed to a net loss of a hefty ₹32.67 crore in the same period last year.
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Union Bank of India’s net interest margin (NIM) declined 11 bps in the second quarter after the implementation of RBI’s new guidelines on the penal interest. In the September quarter, Union Bank’s NIM declined by 28 bps Y/Y and 15 bps on a quarterly basis. Net interest margins stood at 2.9% against 3.05% in the June quarter, and 3.18% in the year-ago quarter, bank said on October 21.
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China's President Xi Jinping is facing pressure from impatient stock investors demanding simplistic numbers to justify their optimism, similar to JPMorgan Chase's Jamie Dimon. Beijing's administration is focusing on debt restructuring, including debt swaps, buying unsold housing, and capitalizing big banks, but the process takes time and requires patience.
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