If 2022 was the year when US equities suffered multiple contractions from monetary tightening, the year 2023 would be the one when earnings downgrades will hit the stock markets if the US recession forecast proves to be accurate. This is now the key issue in world financial markets, said Christopher Wood, global head of equity […]
Shares of Kerala-based Manappuram Finance ended 12% lower on Wednesday after the Enforcement Directorate searched the office premises of the gold loan company earlier in the day. The non-bank lender’s stock saw its biggest single-day fall in the past two years. It ended the day at one-and-a-half-month low of 113.80 on the National Stock Exchange. […]
Punjab and Sind Bank on Tuesday reported a 32% year-on-year increase in its net profit for the fourth quarter of the previous fiscal despite a marginal decline in the net interest income. The lender reported a net profit of Rs 456.99 crore for the quarter ended March 31, 2023, registering a 22.4% increase on a […]
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