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RBL Bank shares dropped by 5.9% due to an 86% YoY decline in net profit for the December quarter, mainly from microloan issues. Core net interest income rose slightly, but net interest margin fell. CEO Subramaniakumar noted improvements in collection efficiency and expected recovery in microfinance and credit card segments over the coming quarters.
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Shares of Barflex Polyfilms are set to debut on the NSE SME platform with a 21% premium over the issue price, supported by strong investor response. Funds from the IPO will be utilized for capital expenditure and business expansion, aiming for significant growth in the flexible packaging materials sector.
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In the Nifty200 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 17, according to stockedge.com's technical scan data.
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Billionaires' wealth surged three times faster in 2024 compared to the previous year, according to Oxfam International. The group's assessment highlights the widening gap between rich and poor, with predictions of five trillionaires emerging in the next decade. They advocate for taxing the ultra-rich and addressing economic inequalities.
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News and Media
The dollar hovered near a two-year high with investors focused on Trump's inauguration. The Japanese yen strengthened as traders expected a Bank of Japan rate hike this week. Cryptocurrency investors anticipated executive orders from Trump to boost digital assets. Markets watched for Trump's immediate policy actions and their impact on tariffs and interest rates.
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News and Media
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