Adani Enterprises and Adani Ports are slated to release their earnings for the quarter ended December today. Analysts anticipate a strong performance from Adani Ports due to healthy growth in cargo volumes and sales mix. Investors will focus on the performance of Adani Enterprises’ integrated resource management business, which was impacted in the previous quarter. Adani Ports is projected to report a 42-50% YoY growth in revenue, driven by robust cargo volumes. The company aims to achieve over 400 million tonnes of cargo volumes in FY24.
FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank