IndusInd Bank's profit rises

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⭐ IndusInd Bank's profit rises 

Private lender IndusInd Bank's net profit jumped by 57% year-on-year (YoY) to ₹1,805 crore during the September quarter. Meanwhile, its net interest income grew by 18% YoY to ₹4,302 crore. The bank's asset quality also improved during the period. Gross NPA dropped to 2.11% from 2.77%, while net NPA was at 0.61%.

⭐ DB Corp posts mixed results 

Media company DB Corp's consolidated revenue rose by 21% to ₹546 crore. However, its net profit fell by over 9% to ₹48.7 crore. A large consumer base and the robust economic revival aided the revenue growth.

⭐India’s mineral output rises 

India’s mineral output rose by 4.2% YoY in the first five months of FY23 as per the latest data released by the Indian Bureau of Mines (IBM). Output of key minerals like lead, zinc and limestone showed a positive uptick during August 2022, while manganese ore showed negative growth.

Global markets (at 7:30 AM today)

Fact of the day

According to Ookla Speedtest Global Index, India is ranked 118th in median mobile download speeds.

Source: Economic Times