Bank of Baroda's domestic advances grew by 12.51% year-on-year (YoY) to ₹9.39 lakh crore for the quarter ending September 30, 2024. Domestic deposits saw a 7.14% YoY increase, rising to ₹11.50 lakh crore from ₹10.74 lakh crore. The bank's domestic retail advances surged 20% YoY to ₹2.32 lakh crore as of September 30, 2024, up from ₹1.93 lakh crore in September 2023.
Open FlipShares of Anil Agarwal-owned Vedanta Ltd. are in focus on Friday, October 4, after the mining giant shared its business updates for the second quarter and half-year ended September 30, 2024. Vedanta reported its highest-ever quarterly and half-yearly aluminium production. It recorded half-yearly alumina production of 1,039 kt, up 21% year-on-year, and aluminium production of 1,205 kt, up 3% y-o-y.
Open FlipCisco Systems is set to invest in CoreWeave, valuing the cloud services provider at $23 billion, according to a Bloomberg News report on Thursday, citing people familiar with the matter. Nvidia-backed CoreWeave has partnerships with AI startups and competing cloud providers to build clusters designed to power AI workloads. CoreWeave CEO Michael Intrator had discussed a secondary transaction.
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