IDFC First Bank shares slump 7% to 21-month low as microfinance segment weighs on Q3 profit

January 27, 2025

IDFC First Bank shares decreased by 7.2% following a 15% YoY decline in net profit due to higher bad loan provisions in microfinance. Despite a 14% increase in net interest income, the bank was impacted by elevated credit costs and operational expenses. Gross NPA ratio improved from 2.04% to 1.94%.

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Biocon buys back an investor stake in biologics unit, posts Rs 25 crore net profit in Q3FY25

Biocon’s board has approved the acquisition of 1.5% equity in Biocon Biologics for Rs 550 crore, increasing its stake to 90.2%. The deal is expected

January 30, 2025

Tech view: Nifty shows strength; 23,000 support key for buy-on-dips. How to trade tomorrow

Nifty closed positively at 23,250, with India VIX dropping 6.7%, indicating lower volatility. Analysts see support at 23,000 and resistance at 23,340-23,500, favoring a buy-on-dips

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