Tue, Nov 5, 2024 2:46 PM
RBI steps in to halt major movements in weakening Indian rupee against USD
A Flip by Shubhangi Gupta
Investors are bracing for near-term caution ahead of the US Presidential election, with Dow Jones Industrial futures below 42,000. A neck-and-neck contest is expected, with both candidates having 49% voter support. Despite past post-election rallies, analysts are cautious, citing potential trade war risks and uncertainty around the outcome.
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India Inc's net profit growth slowed to 3.6% in the September quarter, the lowest in 17 quarters, due to sluggish revenue growth and rising interest and depreciation costs. Aggregate net profit for 694 listed companies fell short of expectations, with revenue growth at 8.04%, marking the sixth consecutive quarter of single-digit growth.
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Aptus Value Housing Finance India Ltd. delivered a strong operational performance in Q2 FY25, driven by substantial growth in its asset base and steady improvements in profitability. The company reported a 27% year-on-year increase in assets under management (AUM) to ₹9,679 crore, along with a 22% rise in net profit to ₹182 crore. The net interest income (NII) grew by 23.3% year-on-year.
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