Page 7 - Anim News Today

Indian engineering conglomerate Escorts expects sustainable growth in its three core businesses for the rest of the year with its 16-17% margin forecast for the railway sector viewed as sustainable, according to CFO Bharat Madan. While it may not achieve the 20% margin seen in Q1 due to varying product mixes, expansion of demand will push growth next year. Mid-single digit growth is predicted for both the tractor and domestic industries, although subdued demand will continue in overseas markets ...

Spains defence ministry announced preparations to evacuate more than 70 nationals and Italy also said it was arranging a flight.

The outlook for CIMB Group Holdings Bhd’s 92.5%-owned Indonesian arm PT Bank CIMB Niaga Tbk is expected to remain bright, following the strong first-half 2023 showing.

Nicola Mining Inc. (CVE:NIM – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$0.19 and last traded at C$0.18, with a volume of 295461 shares trading hands. The stock had previously closed at C$0.18. Nicola Mining Stock Down 2.8 % The company has a […]

Ujjivan Small Finance Bank (SFB) anticipates that it will see a full-year net interest margin (NIM) of about 9%, slightly down from the 9.2% reported for this quarter. It had anticipated a small decline in interest rates in the second half of the year, but the bank now expects that current interest rates will remain in place for the whole financial year. Although the cost of funds is slightly higher than it is today, the new portfolio will have slightly higher rates to make up for this loss.

CIMB Group Holdings Bhd will likely see a bottoming out of its net interest margin in the second quarter ended June 30, 2023.

Canara Bank CEO K Satyanarayana Raju said the bank is confident of maintaining a Net Interest Margin (NIM) of around 3% for the current financial year, despite higher interest expenses. He said around 52% of its portfolio is MCR-linked, which is providing good interest yields on advances. Raju added that while the cost of funds had peaked in the current quarter, the bank was focussing on its Current Account Savings Account (CASA), which has contributed Rs 3.3bn ($45m) in the last four months.

Nicola Mining Inc. (CVE:NIM – Get Free Report)’s share price rose 10% during trading on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 220,001 shares traded hands during mid-day trading, an increase of 67% from the average daily volume of 131,795 shares. The stock had previously closed at […]

Shares of Nicola Mining Inc. (CVE:NIM – Get Free Report) were up 10% on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.17. Approximately 220,001 shares changed hands during mid-day trading, an increase of 67% from the average daily volume of 131,795 shares. The stock had previously closed at C$0.15. […]

Brazilian President Luiz Inacio Lula da Silva said on Tuesday that Danish Prime Minister Mette Frederiksen has told him that her country wants to contribute to the Amazon Fund, a Brazil-led initiative aimed at fighting deforestation.