BlackRock’s Raffaele Savi remains optimistic about equities, citing strong growth drivers and investor caution outside US tech. He dismisses dot-com comparisons, highlighting real revenues in today’s tech firms. Savi emphasizes quant funds’ role in providing steady returns and the importance of combining AI with human judgment to navigate market shifts, advocating for equity-heavy portfolios for better retirement outcomes.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding