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    CapitalHeight Provide 2 Days Free Trial For Stocmarket Equity or Commodity Segment. IndusInd Bank on Thursday reported a net profit of Rs 953.09 crore for the March quarter, around 27 percent higher than in the same quarter last year, as it made fewer provisions for bad loans. The bank's net profit was largely in line with market expectations. A Reuter’s poll had pegged its net profit at Rs 961.5 crore for the quarter under review. This was the 40th quarter for which the lender was reporting quarterly earnings. Its net profit for the fiscal year ended March stood at Rs 3,605.99 crore, nearly 26 percent higher than its profit figure last fiscal. The bank’s net interest income, which is the difference between interest earned and interest expended, came in at Rs 2,007.59 crore, 20.4 percent higher than in the corresponding quarter a year ago.

    Shares of metal companies were buzzing in trade on Thursday as investors cheered uptick in global metal prices. The Nifty Metal index was up over 4 percent, while stocks such as Hindustan Copper, National Aluminum, Hindalco, Vedanta, JSW Steel and Jindal Steel, among others, gained 2-12 percent.Overnight, global miner Rio Tinto flagged possible downward adjustments to its 2018 aluminum output following sanctions on its Russian partner Russel.The metal also surged on the back of US Company Alcoa foreseeing deficit for aluminum and alumina this year.

     In a first-of-its-kind effort by the central government in the field of defenses strategy, a Defenses Planning Committee (DPC) is set to be formed under National Security Advisor Ajit Doval.The DPC will be a permanent body that will prepare military doctrines defining Indian military objectives for the future. It will drive the country’s military and security strategy, draft capability development plans as well as guide and accelerate defenses equipment acquisitions. The defence ministry has stated the creation of DPC and related details in a notification seen by it. For More Information click Here: CapitalHeight