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Punjab & Sind Bank posted a robust 74.73% YoY growth in operating profit, reaching Rs 484 crore in Q3 FY25, up from Rs 277 crore in the same period last year. The bank's net interest margin (NIM) also improved, rising by 24 basis points YoY to 2.78% in the third quarter of FY25.
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News and Media
British Prime Minister Keir Starmer is visiting Ukraine to sign a 100-Year Partnership treaty with President Zelenskyy. The agreement covers defence, science, energy, and trade. The UK pledged another 40 million pounds for Ukraine's economic recovery and promises long-term security support.
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Santosh Rao believes the Trump agenda is likely to favor market growth for the next two to three quarters. A positive signal comes with the Gaza ceasefire and promising economic indicators. The market sentiment is optimistic, and potential interest rate cuts are anticipated in the latter half of the year.
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News and Media
Texas and Florida's rapid growth is causing a demographic shift in political influence from Democratic strongholds like California, Illinois, and New York to Republican-dominated Southern states. This shift could significantly challenge the Democratic path to controlling the U.S. House and the White House long term.
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News and Media
Rail stocks surged with RVNL and Ircon leading, as reports suggest the upcoming Union Budget may increase Indian Railways' capital expenditure by 15-20% to over Rs 3 lakh crore for FY26. The higher allocation is expected to fund new tracks, upgrades, and rolling stock purchases, driving optimism among investors.
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News and Media
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