Axis Bank on Thursday reported a wider-than-expected one-time loss in the fourth quarter as weak interest income growth and its $1.41 billion Citi deal dragged margins.
Axis reported a standalone loss of ₹5,728 crore ($700.1 million), compared to a profit of ₹4,118 crore a year earlier.
Analysts had forecast the bank to report a loss of ₹806 crore, according to Refinitiv IBES data.
The consumer discretionary space continues to reveal a mixed performance across segments, driven by gold prices, festive shifts, and evolving...
Sir Demis Hassabis is Co-Founder and CEO of Google DeepMind. He has won many prestigious international awards for his research work...
Fun trivia Q: If you were to bucket US stock market returns for the past 100...
This article was written byFollowProviding timely and quick to the punch analysis of earnings and macro-related events across various sectors,...
After multiple arrests, Florida officials are ramping up a criminal investigation of a marijuana multistate operator-funded adult-use cannabis legalization campaign...
Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.
