Record Surge: Public Sector Banks' Dividends Jump 33% in 2023-24
Public sector banks in India have seen a 33% increase in dividend payouts to Rs 27,830 crore in 2023-24, showcasing a significant improvement in their financial health compared to ...
financial health News
Upcoming Earnings Reports: A Deep Dive into Xiaomi, Tencent, and Nike's Financial Health
This week is packed with earnings reports from major companies like Xiaomi, Tencent, and Nike. Investors are keenly awaiting these updates to gauge the companies' financial health ...
Nestle Stock Soars 6% Following Dividend Increase Announcement
Nestle S.A. announced a dividend increase to 3.05 Swiss francs per share, resulting in a 6% stock price surge. Despite a 2.9% net profit decrease, the company's 2.2% organic sales ...
Reddit's Q4 Earnings Soar: A Deep Dive into the $427.7 Million Revenue Milestone
Reddit's Q4 revenue hits a remarkable $427.7 million, highlighting the platform's growth and its appeal to advertisers. This financial success underscores Reddit's strategic advanc...
IndusInd Bank's Profits Plummet by 39% Amid Microfinance Sector Challenges
IndusInd Bank reports a 39% drop in net profit for the December quarter, with an 85% surge in provisions and contingencies, including a significant allocation for stressed microfin...
ICICI Lombard Reports a Stunning 68% Surge in Q3 Net Profit to Rs 724 Crore
ICICI Lombard announced a 68% increase in Q3 net profit to Rs 724 crore, despite a slight decline in gross direct premium income. The solvency ratio remains strong at 2.36x, above ...
Government Injects Rs 500 Crore to Boost IFCI's Financial Health
The Indian government is injecting Rs 500 crore into IFCI to improve its financial health before restructuring. This capital infusion will increase the government's stake in IFCI t...
