Thu, Feb 15, 2024 7:23 PM
Tata Group considering spinoff of battery business Agratas
A Flip by Avya Verma
Nvidia (NASDAQ: NVDA) has been a Wall Street darling for quite a while now. And for good reason. The stock has roughly tripled over the past 12 months and is up more than sevenfold since September 2022. However, not everyone on Wall Street remains enthusiastic about Nvidia. One analyst thinks shares of the GPU maker will plunge close to 28% over the next 12 months.
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KR Choksey's research report on Bajaj Finserv. The consolidated profit after tax for FY24 were INR 81,478 Mn, a growth of 27.0% YoY. Excluding the volatile mark-to-market unrealized gains of BAGIC and BALIC, the consolidated profit after tax was INR 81,800 Mn, up 21.0% YoY. In Q4FY24, Bajaj Finserv reported a consolidated profit of INR 21,185 Mn, a growth of 19.8% YoY, but declined by 1.8% QoQ.
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IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-bank lender's gold loan business, a senior official and two bankers told Reuters."Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits," the official at the company, who did not want to be named, said.
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