Fri, Nov 4, 2022 4:32 PM
PhysicsWallah’s FY22 profit zooms 14 times as revenue jumps 10x
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Berkshire Hathaway's annual meeting is one of the most insightful events in the financial world, and while addressing his shareholders on Sunday, CEO Warren Buffett spoke about the 'unexplored opportunities' in India and said the next management will decide on investments in the Asian country. Warren Buffett addresses the meeting every year and shares tons of insights about the company's future.
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As the Reserve Bank of India (RBI) stopped Kotak Mahindra Bank from issuing new credit cards due to technology-related deficiencies, the lender expects operating expenses to rise in the upcoming quarters due to increased investments in ramping up its IT framework. The bank will also be hiring an external auditor to assess the overall technology architecture soon, as mandated by the RBI.
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More than 1/3rd of the results has been announced for the listed India corporate. Taking cognition of the top 100 heavyweight stocks of India, about 37 stocks have announced the results, as on 2nd of May, offering a considerable understanding of the upcoming full cycle. These 37 stocks were expected to provide a YoY PAT growth of 6.9%, while the actual growth is 10.1%, better than expected.
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