
Bandhan Bank standalone net profit declines 65.02% in the June 2025 quarter
Net profit of Bandhan Bank declined 65.02% to Rs 371.96 crore in the quarter ended June 2025 as against Rs 1063.46 crore during the previous quarter ended June 2024. Total Operating Income declined 1.09% to Rs 5475.61 crore in the quarter ended June 2025 as against Rs 5535.82 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Total Operating Income 5475.615535.82 -1 OPM % 45.9161.80 - PBDT 521.491417.89 -63 PBT 521.491417.89 -63 NP 371.961063.46 -65
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Business Standard
26 minutes ago
- Business Standard
FPIs pull out Rs 5,524 cr in July on US-India trade jitters, mixed earnings
After three months of fund infusion, foreign investors turned net sellers with withdrawal of Rs 5,524 crore so far in July, due to ongoing trade tensions between the US and India and mixed corporate results. With this, the total outflow has reached Rs 83,245 crore so far in 2025, data with the depositories showed. Looking ahead, the trajectory of FPI flows will hinge on developments in the US-India trade negotiations and corporate earnings, Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said. A resolution of the trade disputes and earnings recovery could potentially restore investor confidence and attract FPIs back to Indian markets, he added. Going by the depositories data, Foreign Portfolio Investors (FPIs) withdrew a net sum of Rs 5,524 crore from equities this month (till July 18). This came following a net investment of Rs 14,590 crore in June, Rs 19,860 crore in May and Rs 4,223 crore in April. Prior to this, FPIs had pulled out Rs 3,973 crore in March, Rs 34,574 crore in February, and a substantial Rs 78,027 crore in January. FPIs exhibited a notable shift in sentiment this month, reversing their previous bullish stance. This behaviour can be attributed to a combination of factors. "While elevated market valuations prompted FPIs to reassess the attractiveness of Indian equities, ongoing trade tensions, especially between the US and India, and concerns over US interest rate policies contributed to a cautious investment outlook. Additionally, mixed corporate earnings raised doubts about the sustainability of corporate profitability," Srivastava said. Vaqarjaved Khan, Senior Fundamental Analyst, Angel One, also said that global markets and macro developments along with the result season in India led to the outflow. On the other hand, FPIs invested Rs 1,850 crore in the debt general limit and Rs 1,050 crore in the debt voluntary retention route during the period under review.


Economic Times
26 minutes ago
- Economic Times
Gold may trade in tight range as investors eye US macro data, Fed Chair speech: Analysts
Gold prices are likely to remain range-bound in the coming week as investors await clarity on global trade negotiations, upcoming US macroeconomic data and signals from the Federal Reserve, analysts will closely watch Fed Chair Jerome Powell's speech and global PMI data from major economies, including the US, UK and Eurozone. The European Central Bank's interest rate decision will also be closely tracked for cues on the bullion price trajectory, they said. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said that in the week ahead, focus will remain on the trade negotiation outcome, Fed official speeches, US macro data, including housing market, weekly initial claims, and durable goods orders. "Gold prices are seen consolidating in a range over the past couple of weeks amid a lack of fresh triggers and recovery in the US Dollar in the given period," Mer said, adding that downside in bullion looks limited as focus remains on the trade negotiations between the US and its trading partners, such as India and China. With the August 1 deadline coming closer, uncertainty around trade talks is likely to support gold's safe-haven demand. Meanwhile, domestic festive demand from August to October is expected to further aid prices, he week, the precious metal futures for August delivery rose Rs 200 or 0.2 per cent on the Multi Commodity Mallya, DVP-Research, Non-Agri Commodities and Currencies at Angel One, said gold has rallied by about 2 per cent over the past 10 days in the overseas markets, moving to around USD 3,350 per ounce."The positive momentum in gold has been driven by the US President's tariff actions on BRICS nations and possible duties on the EU, increasing investor demand for safe-haven assets," he Trivedi, Analyst at LKP Securities, said, "US Dollar's strength last week kept gains in gold limited, rupee weakness is likely to cushion downside pressure in the domestic markets. Overall, gold is likely to remain volatile in the near term". According to NS Ramaswamy, Head of Commodity & CRM at Ventura, "If the proper catalysts, such as weaker US dollar, geopolitical risks, robust investor demand, continued central bank purchases materialise, gold could gain another 4-8 per cent in the second half after a strong 26 per cent rise in the first half of 2025". Last week, silver futures for September delivery hit a record high of Rs 1,15,136 per kilogram on the MCX. "Silver is maturing from the 'poor man's gold' to a strategic metal for smart investors. With supply deficits in the world deepening and demand from EVs, solar, and electronics increasing, fundamentals are in place for a major rally. "The gold-to-silver ratio of around 90X indicates space for dramatic catch-up. A weakening dollar, persistent inflation, and surging ETF flows are supporting silver's attractiveness," Sandip Raichura, CEO of Retail Broking and Distribution & Director, PL Capital - Prabhudas Lilladher, said.


Indian Express
26 minutes ago
- Indian Express
Chandigarh furniture market demolition today: Before sledgehammers, steal deals
A day before the scheduled demolition of the furniture market at Sectors 53-54, Chandigarh, buyers flocked to the market, hoping to buy furniture at discounted prices. Functioning illegally on 'encroached' land since 1985, the furniture market is set to suffer demolition on July 20, with Chandigarh Deputy Commissioner Nishant Kumar Yadav announcing the deployment of more than 1,000 police personnel for the demolition drive, beginning at 7 am. As the market opened on Saturday, a large number of buyers from the Tricity — Chandigarh, Panchkula and Mohali — reached there to get 'good discounts'. A Haryana government employee, on condition of anonymity, told The Indian Express that he purchased a seven-seater sofa for Rs 25,000 at a good discount. 'The actual price of the sofa was Rs 35,000, but I got a discount of Rs 10,000, because shopkeepers are clearing their stocks,' he said. Rampal from Kharar also bought a pair of wooden chairs for his home at a discounted price of Rs 6,000 instead of the actual price of Rs 8,000. Sanjeev Bhandari, president of the market association, said, 'We have been doing business here for the past 36 years, and are paying taxes, electricity bills, GST, etc. We are not encroachers… we are businessmen. Our case is pending before the Punjab and Haryana High Court. In January, the Deputy Commissioner and the UT Administrator had promised rehabilitation, but now bulldozers will demolish our livelihoods.' Shopkeepers claimed that there had been multiple occasions in the past when the UT administration gave them written assurances that they would be relocated. 'We had prepared ourselves mentally to shift legally by paying a rightful amount, but the Chandigarh administration broke our trust. We are businessmen, not land grabbers. We appeal to the government and the BJP to stop this injustice,' shopkeepers told The Indian Express. The furniture market has 116 shops spread over nearly 15 acres of agricultural land on the busy road connecting Chandigarh and Mohali. The market is a major choke point for traffic, with no parking facility for customers. Visitors park their vehicles on the road, creating traffic snarls. In 1993, the Chandigarh Administration had carried out a similar demolition drive to remove shops from the area, but the shopkeepers approached the high court and the drive was stayed. Officials said that the administration had purchased a portion of the encroached land in 2002, and they had been making efforts to clear it of all encroachments. However, the shopkeepers again approached the high court. The case went on for several years, and their petitions were eventually dismissed in September 2023. Since then, the administration has made multiple efforts to get the land vacated. Several rounds of talks with the shopkeepers were also held, but to no avail. Demolition drives were announced earlier, too, but not carried out due to the negotiations between the shopkeepers and the administration. The administration has been asking the shopkeepers to participate in the open auction of shops in the upcoming Bulk Material Market at Sector 56, but the shopkeepers sought assured allotments in Sector 56 instead of their existing shops.