Bank shares plunge up to 8% amid weak business updates
Financial Express Mumbai|January 07, 2025
Historically, the third quarter is not a great one for banks
AKSHATA GORDE & SACHIN KUMAR

SHARES OF BANKS fell by 2%-8% on Monday after lenders reported lower-than-expected growth in advances and deposits.

Union Bank of India emerged as the top loser, with its shares plummeting 8%. It was followed by Bank of Baroda, which saw a 5% decline. Shares of Punjab National Bank fell by 4% while Central Bank reported a 3.5% decline. Bank of India witnessed a 3% fall while HDFC Bank shares slipped by 2%.

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MÁS HISTORIAS DE FINANCIAL EXPRESS MUMBAIVer todo
Financial Express Mumbai

BP bags contract to operate ONGC's Mumbai High field

BRITISH MULTINATIONAL BP has been selected as the technical service provider for the enhancement of production of state-owned Oil and Natural Gas Corp's Mumbai High oil and gas field by up to 60% over baseline levels over a 10-year period.

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1 min  |
January 09, 2025
Financial Express Mumbai

Digital farmer ID must to apply for PM Kisan benefits

States requested to upgrade land records

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1 min  |
January 09, 2025
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'The plan is profitability first, followed by IPO’

With an eye on profitability, edtech firm Unacademy is charting a steady path forward as it competes with industry heavyweights in a rapidly evolving market.

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3 minutos  |
January 09, 2025
Financial Express Mumbai

Foxconn, Dixon Urge Govt to Pay ₹700 Cr in Pending PLI Subsidies

Apple supplier Foxconn Technology Group and Dixon Technologies India are asking the government to pay them crores in subsidies they think they are entitled to under the production-linked incentive (PLI) scheme.

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1 min  |
January 09, 2025
Financial Express Mumbai

No pre-emptive tariff overhaul

Routine customs duty rejig likely

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4 minutos  |
January 09, 2025
Financial Express Mumbai

Swiggy serves Snacc to take on Zomato in 15-minute delivery

FOOD AND GROCERY delivery platform Swiggy has launched a new initiative - Snacc - in the competitive quick food delivery space.

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2 minutos  |
January 09, 2025
Financial Express Mumbai

Modest Q3 on the cards for India Inc

AFTER A DISAPPOINTING September 2024 quarter, in which aggregate net profits for India Inc barely grew, companies are expected to turn in a better performance for Q3FY25.

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2 minutos  |
January 09, 2025
Nvidia Unveils New Tech for Gamers
Financial Express Mumbai

Nvidia Unveils New Tech for Gamers

Also announces first desktop PC

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1 min  |
January 08, 2025
Financial Express Mumbai

HMPV: Centre asks states to step up surveillance of respiratory illnesses

Two suspected cases of the virus were reported from Nagpur, taking the total number to seven

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1 min  |
January 08, 2025
Samsung CEO touts AI fridges & washers
Financial Express Mumbai

Samsung CEO touts AI fridges & washers

SAMSUNG ELECTRONICS IS ramping up investment in AI for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.

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1 min  |
January 08, 2025