Mon, Feb 26, 2024 4:24 PM
Top Gainers and Losers today on 26 February, 2024
A Flip by Shubhangi Gupta
Punjab National Bank reversed provisions of Rs 102.28 crore in the March quarter of FY24 from the total Rs 113.67 crore made on the investment in alternative investment funds (AIF).It was done after the Reserve Bank of India's (RBI) clarification on the AIF provisions guidelines, the public sector bank said in an earnings release on May 9."Based on subsequent clarification issued by the RBI.
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Satya Nadella-led Microsoft Corporation has become Sundar Pichai-led Alphabet’s primary competitor in the fast-paced artificial intelligence (AI) technology landscape.With heavy investments in companies such as OpenAI, Inflection, and Mistral AI, Microsoft is edging close to Alphabet in the AI tech race, particularly its application in the search tool a space heavily dominated by Google.
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Emkay's research report on Fusion MicroFinance. Fusion MFI continues to report strong earnings with PAT at Rs1.33bn and RoA at 4.7%, mainly led by continued margin expansion and higher fees. However, LLP remains elevated at 4.7%, primarily due to stress in the state of Punjab, specific PCR build-up, and incremental management overlay of Rs0.2bn.
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