News Overview

Biocon's consolidated net profit decreased by 57% to ₹136 Crore in the fourth quarter of March 2024 due to increased expenses.

The Board of Directors will meet on June 6 to discuss and decide on the fundraising options.

Mahindra & Mahindra Financial Services recorded a net profit of ₹619 Crore in Q4FY24, a 9.5% decrease from the previous year's ₹684 Crore.

On day 2 of subscription, the retail category saw 18.30 times subscription, the non-institutional investor category 30.27 times, and the qualified institutional buyers category 1.17 times.

It was probably a classic case of some of the year end fiscal deficit pressures of FY24 being carried forward

In a week when markets corrected sharply, it was the banking sector that surprisingly held out strong

CME Fedwatch turned dovish this week after steady PCE inflation and sharply lower Q1-GDP estimates

With exit polls, GDP data and fiscal deficit out late last week, the macro impact may be visible in the coming week

It was a week that began with a whimper and ended with a bang with GDP and fiscal data extremely positive

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