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Security Automation Industry Forecast, 2028: Rise in Advent of Predictive Analytics to Anticipate Potential Threats Creates Lucrative Opportunities

Share India Securities Q2 FY24 Performance Soars: Consolidated Net Profit Up 56 per cent

Share India Securities Q2 FY24 Performance Soars: Consolidated Net Profit Up 56 per cent
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Lodha records highest quarterly pre-sales of Rs 3,530 crore in Q2, up 12% on year

The companys collections during the quarter rose 16% from a year ago to Rs 2,750 crore, while revenues from operations declined marginally to Rs 1,750 crore. Net profit for the period declined 42% to Rs 210 crore. Intense competition among mortgage providers coupled with RBI pause and the expected downward trajectory for rate cycle in 2024 means that the market has already seen the peak of mortgage rate.

Stock market: Canara Bank Q2 Results: Net profit zooms 43% YoY to Rs 3,606 crore

The bank s NIM may come under pressure in the next two quarters as interest expenses are rising amid tight market liquidity.

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