Sanju Samson laments 'one-hit' defeat
Banks enjoyed an expansion in Net Interest Margins (or NIMs) as well as in credit demand through the 2022-23 financial year (FY23). The credit expansion was because economic growth continued to recover from the Covid-19 years, and indeed, second half GDP growth surprised on the upside. The NIM expansion was because banks raised lending rates immediately (in many cases automatically due to floaters) as the Reserve Bank of India (RBI) hiked policy rates, and only started raising deposit rates late into the fiscal.
After opening close to 1,500 branches in 2022-23, HDFC Bank, the country's largest private sector lender, will continue expanding its branch network at the same speed in the current financial year. The lender says branch expansion is crucial for deposit mobilisation. As of March 31, 2023, HDFC Bank had 7,821 branches, up from 6,342 a year ago.
India's Akhil Sheoran secured the country's fifth Paris Olympics quota in shooting after winning the bronze medal in men's rifle 3-position competition at the ISSF World Championships in Baku on Sunday.
'Like all long-term bull markets, the Indian stock market will continue to climb the proverbial wall of worry.'
Reliance Jio Infocomm (RJIL) has written to the Telecom Regulatory Authority of India (Trai) stating that a recent complaint against it by Bharti Airtel is a deliberate, malicious attempt at defaming RJIL's consumer-friendly tariff. RJIL has also asked the regulator to warn Airtel against 'making such frivolous complaints in the future'. The move is in response to Airtel recently requesting Trai to bring content aired through broadband under the regulatory fold and keep a check against discriminatory bundling tactics.
Officials said most of the preparations are complete and the counting will start at 8 am on Saturday.
The BSE Realty index-a gauge of real estate stocks-rose 4.2 per cent on Monday, extending its two-day advance to 7.8 per cent. The latest gains came on the back of robust sales posted by realty developers in the March quarter of financial year 2022-23 (Q4FY23). On Thursday, the rate-sensitive index had gained 2.9 per cent following the Reserve Bank of India's decision to pause interest rate hikes in its latest monetary policy review.
Conflicting views on Coal India (CIL) might leave investors confused. The bullish perspective that India has strong power demand (and also high steel production) means high demand for coal. As CIL is the monopoly producer of coal -- supplying over 80 per cent of the domestic requirement - the public sector undertaking should be a beneficiary of the rising power demand.
Jaiswal, who struck a sublime 213 in the first innings, scored a magnificent 144 out of his team's second innings total of 246, helping the side set a stiff target for the hosts.
It's doing better than two of the biggest entertainers from the south: Baahubali: The Conclusion and KGF: Chapter 2.
Scores of churches and homes belonging to Christians in Jaranwala tehsil of Faisalabad district, some 130 km from the provincial capital, were burnt down on Wednesday by a mob enraged over reports that two Christians had desecrated the Quran.
Most of the Adani Group companies fell in the morning trade on Friday and flagship Adani Enterprises tumbled 10 per cent after index provider MSCI decided to reduce the weightage of four firms in its indices following a review. Amid volatile trading in the market, seven Adani Group firms were in the negative territory while three others were in the green. Adani Enterprises plunged 10 per cent to Rs 1,734.60 per share, its lower price band on the BSE, and the company's market valuation dropped to Rs 2.14 lakh crore.
An Indian engineer was among nine people killed when a gunman opened fire at a crowded mall in Dallas in the US state of Texas, authorities said on Monday.
The top four countries account for 60.3% of the total worldwide HNWI population.
HUL believes that post Covid, the awareness about health and wellbeing and selfcare, has exploded and there is a mindset change from health as absence of disease, to health as a part of lifestyle.
Prabhsimran Singh and skipper Nitish Rana were at the top of their game, propelling North Zone to a 48-run win over Central Zone
R Sai Kishore came up with a splendid all-round show as South Zone trumped North Zone by two wickets in a thrilling finish in the rain-hit semi-final.
The overall COVID death toll rose to 5,27,965 with 33 fatalities in the last 24 hours, which includes eight deaths reconciled by Kerala, the data updated at 8 am stated.
Delhi Capitals all-rounder Mitchell Marsh defended his side's Indian batters following their inability to resurrect the run-chase against SunRisers Hyderabad, saying the game was not lost due to their inexperience and the 198-run target was "far too many" in the end.
HDFC Bank Q4 review: HDFC Bank's January-March quarter (Q4) results, for financial year 2022-23 (FY23), brought no cheer to investors as elevated costs, and merger-related uncertainties continue to dent the sentiment. Moreover, analysts fear that merger-related costs may put pressure on margins and cost to income ratio in the near-term, while the return on equity could moderate owing to low leverage of the parent. Analysts, therefore, opine that the stock's re-rating may be some time away. "While the risk of a de-rating on a standalone basis appears to be quite low given that the business performance is holding up well, we believe a re-rating in the stock would happen as and when more clarity emerges on the smooth transition (merger)," said a report by Sharekhan.
As the Lok Sabha debates a no-confidence motion brought against the Narendra Modi government by the opposition, the 28th such motion to be admitted in the Lower House, data compiled by a think tank shows all previous ones have either been defeated or remained inconclusive.
Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.
No confidence motions have been moved in the Lok Sabha 27 times in the past, and all of them have either been defeated or remained inconclusive, data compiled by a think tank shows.
IMAGES from the IPL 2023 match between Punjab Kings and Delhi Capitals played in Dharamsala on Wednesday
Mercury hovered around 40 degrees Celsius in large parts of the country on Monday as the Indian meteorological department predicted heat wave conditions in parts of east India over the next four days and the northwest region over the next two days.
Strong Q3 brings Infosys comfort amid macro risks.
Active caseload increased by 2,693 in a day and now comprise 0.29 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 98.51 per cent, the health ministry said.
The ruling Bharatiya Janata Party won the mayoral elections in 10 of the 17 municipal corporations in Uttar Pradesh, results for which were announced on Saturday, virtually adding a third engine to its "double-engine" government.
'83, based on the glorious campaign in June 1983, when India won the World Cup, releases in theatres on December 24.
Debt-ridden telecom operator Vodafone Idea on Tuesday approved the allotment of equity shares worth Rs 16,133 crore to the government, which post-allocation has become the largest shareholder with a 33.44 per cent stake in the company. The shares have been allocated to the government in lieu of conversion of interest dues arising from deferment of adjusted gross revenue and spectrum auction payments, the company said in a regulatory filing. "...it is hereby informed that the board of directors of the company has, at its meeting held today approved the allotment of 16,133,198,899 equity shares of face value of Rs 10 each at an issue price of Rs 10 per equity share aggregating to Rs 161,331,848,990 to the Department of Investment and Public Asset Management, Government of India," the filing said.
Pant rushed to pick up his bat, patted it before planting a kiss on it.
The daily positivity rate was recorded at 5.99 per cent while the weekly positivity rate was recorded at 4.18 per cent, according to the ministry
India logged 16,159 new coronavirus infections taking the total tally of COVID-19 cases to 4,35,47,809, while the active cases increased to 1,15,212, according to the Union health ministry.
Hanuma Vihari got some runs coming as India A scored 198 for 5 at stumps against South Africa A on the second day of the second unofficial Test, in Bloemfontein, on Wednesday. Vihari was batting on 45 at close of play, having found the fence six times while facing 146 balls.
Bindyarani Devi produced a tremendous effort to secure a silver in the women's 55kg category as India secured a fourth weightlifting medal at the Commonwealth Games in Birmingham on Saturday.
India's exports recorded a flat growth of 0.59 per cent to $31.99 billion in November, even as trade deficit widened to $23.89 billion during the month, according to the data released by the government on Thursday. Exports stood at $31.8 billion in November last year. Imports rose by 5.37 per cent to $55.88 billion in November as compared to $53.03 billion in the corresponding month a year ago, the data showed. During April-November 2022, exports rose by 11 per cent to $295.26 billion as against $265.77 billion in the same month last year.
IMAGES from Day 3 of the 2nd Test between Pakistan and England in Multan on Sunday.
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