Reflecting strong momentum in business, commercial banks, including one public sector lender, reported a year-on-year (YoY) growth in advances. This was higher than or around the banking sector trend in the first quarter ended June 2023. Bank of Maharashtra said its loans expanded by 25 per cent YoY to Rs 1.75 trillion. This pace was much higher than the banking system's 15.4 per cent growth till June 16, 2023, according to Reserve Bank of India (RBI) data.
The women's team of Ankita Bhakat, Simranjeet Kaur and Bhajan Kaur defeated Vietnam to win a bronze at the Asian Games in Hangzhou on Friday.
Copparam Shreyas Hareesh, a 13-year-old prodigy from Bengaluru, succumbed to injuries that he had suffered following a crash in the third round of the MRF MMSC FMSCI Indian National Motorcycle Racing Championship.
From the Sensex pack, Larsen & Toubro jumped 4.26 per cent to emerge as the biggest gainer, followed by IndusInd Bank, Tech Mahindra, State Bank of India, HCL Technologies, Power Grid, NTPC, Axis Bank, Kotak Mahindra Bank, HDFC Bank and Wipro. Mahindra & Mahindra, Infosys, UltraTech Cement and Hindustan Unilever were the major laggards.
Stocks of gold jewellery retailers have been able to retain their sheen in 2023 despite volatile gold prices. Kalyan Jewellers, Titan, PC Jewellers, Thangamayil Jewellery, and Tribhovandas Bhimji Zaveri (TBZ) have rallied 21-72 per cent so far since April as compared to a 13 per cent gain in the benchmark Sensex index. The rally gained steam on the back of gold's 6 per cen
India's only Asian Games individual medallist in recurve section, Tarundeep Rai, feels at least one from the men's archery team could win a medal in the Hangzhou edition and end a 13-year-long drought in the continental showpiece.
Kyle Mayers has been named vice-captain in the squad announced by the CWI senior men's selection panel.
10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.
Sri Lanka batter Lahiru Thirimanne announced his retirement from international cricket after a long career.
The world number nine will play Hong Kong's fifth seed Angus Ng Ka Long in the last eight stage.
The no-confidence motion was defeated by voice vote in the state assembly shortly after 1 am following a 13-hour debate.
Margins for the oil refining and retailing sector have moved off their peaks, and the average integrated margins (refining plus marketing) for oil marketing companies (OMCs) have normalised. The ascent in crude oil prices, combined with static retail prices, has depressed marketing margins for diesel and petrol. However, the fall in marketing margins has been offset by increased gross refining margins (GRMs).
All India Chess Federation (AICF) president Sanjay Kapoor said the federation is also working on organising an Indian Chess League.
Cement companies posted mixed figures for the first quarter of the 2023-24 financial year (Q1FY24). Volume growth was robust at 17 per cent year-on-year (Y-o-Y) - on an aggregate basis - for 15 cement companies, with revenue growth at 15 per cent. Aggregate earnings before interest, taxes, depreciation, and amortisation (Ebitda) were up 8.8 per cent Y-o-Y and 1.2 per cent quarter-on-quarter (Q-o-Q).
The June quarter numbers of the country's largest listed healthcare services provider, Apollo Hospitals Enterprise (Apollo), were in line with Street estimates on the operational front. Net profit estimates, however, missed expectations due to higher interest and tax outgo. The revenue performance of the core hospital segment was robust, registering a 13 per cent increase over the year-ago quarter.
The Supreme Court on Monday dedicated a web page containing details of arguments, written submissions and the judgment in the historic Kesavananda Bharati case which laid down the path-breaking concept of the 'Basic Structure' of the Constitution.
Manufacturing sector activities in India moderated in June from a 31-month high in May, but output remained in the growth territory, as new work orders expanded sharply amid favourable demand conditions, a monthly survey said on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell from 58.7 in May to 57.8 in June. Despite the fall, the headline figure pointed to a considerable improvement in operating conditions, the survey said, adding that the demand strength positively impacted several other measures such as sales, production, stock building and employment.
State Bank of India's earnings growth may turn lacklustre in the near-term, warn analysts. This, they said, could be due to margin compression and likely lower fee income over the next one year. "While the cost of deposits is repricing sharply across the system, there will be relatively lower yield expansion going ahead as most of the back-book has been repriced and there is a high competitive pressure on yields.
Domestic passenger vehicle dispatches witnessed a 13 per cent year-on-year rise in April as demand remained robust across segments, industry body Siam said on Friday. The total passenger vehicle dispatches from companies to dealers rose to 331,278 units last month compared to 293,303 units in April 2022. Market leader Maruti Suzuki India dispatched 137,320 units to dealers last month against 121,995 units in April last year.
Mumbai Indians captain Rohit Sharma should take a break from IPL 2023 and instead prepare in earnest for the WTC final against Australia next month, said batting great Sunil Gavaskar.
A 13-year-old girl allegedly killed her younger sister with the help of her boyfriend and aunt and burnt the deceased's face with acid and chopped off fingers to conceal the identity in Bihar's Vaishali district, a senior police officer said on Thursday.
Captain Ben Stokes and Harry Brook helped England stretch their lead over Australia to 189 on day three of the crucial fourth Ashes test at Old Trafford, with the hosts moving on to 506-8 at lunch.
The outline for the construction of the Ramjanaki Path and the Bhakti Path is also ready, the statement issued in Lucknow said.
With the merger between HDFC Bank and HDFC Ltd complete, analysts said the next key monitorable for the Street would be successful resolution of merger-related hiccups, including employee-related churn and roll out of complete banking services across branches. At the bourses, they expect the stock to perform in-line with the benchmark indices in the near-term. "There's usually an initial period of consolidation after a merger as the entities work towards integration.
Lakshya Sen suffered a stunning first round exit as India's challenge came to an end in the German Open.
Kami Rita Sherpa, 53, scaled the 8,849 metre (29,032-foot) mountain early in the morning along the traditional southeast ridge route, guiding a foreign climber.
India, along with Southeast Asian countries such as Indonesia, is expected to sustain growth in the medium-term in Asia region, replacing China as the key growth driver, Morgan Stanley and Nomura said in two separate reports released on Monday. While Morgan Stanley projected a 6.2 per cent gross domestic product (GDP) growth forecast for India in FY24, Nomura estimated the Indian economy to grow at 5.9 per cent in 2023. "Even with a slowing China, we expect GDP growth in Asia to sustainably outperform other emerging markets and the US. India and Southeast Asia are set to be the fastest-growing economies this decade.
Having opted out of a New Zealand contract last year, pacer Trent Boult expressed his desire to play in the ODI World Cup.
A 70-year-old woman died and eight other people suffered from suffocation after a fire broke out in a 13-storey residential building in Kurla area of Mumbai on Wednesday, officials said.
The club's cricket committee considers the nomination of players for life membership as recognition to the 'outstanding international careers for some of the greats of the game'.
While the Mughals seems to be receding from text books and memory, the stage presentation of Mughal-e-Azam is spreading its message of love in North America.
DC lost Salt, Marsh, Rossouw, Warner, Axar and Manish off five successive overs.
The 2022-23 (FY23) January-March quarter performance of the country's largest listed paint companies was better than Street expectations. Asian Paints, Berger Paints, and Kansai Nerolac Paints (Kansai Nerolac) registered double-digit revenue growth, compared with the year-ago quarter, reinforced by strong volume/value growth. Falling raw material prices also helped the paint majors hoist their gross margins.
Infosys on Thursday posted a 13.4 per cent year-on-year increase in consolidated net profit at Rs 6,586 crore for the December quarter and the IT major raised its full year revenue guidance to 16-16.5 per cent. The net profit (after minority interest) stood at Rs 5,809 crore in the third quarter of FY22. The Bengaluru-based IT firm logged a 20 per cent year-on-year increase in consolidated revenue in the third quarter of the current fiscal at Rs 38,318 crore.
And one Saturday evening, under the Mumbai night sky, next to the Arabian Sea, with the 'God of Cricket' in attendance, Mumbai Indians were done in by the brilliance and resilience of Punjab Kings.
A strong 6.8 magnitude earthquake with the epicentre in Afghanistan shook Pakistan, killing at least 12 people and injuring nearly 250 others in both the countries, authorities said on Wednesday.
Pacer Matheesha Pathirana starred with the ball as Chennai Super Kings eased to an emphatic six-wicket victory against Mumbai Indians.
The "interfaith marriage-family coordination committee (state level)" will be headed by Maharashtra's women and child development minister Mangal Prabhat Lodha, said a government resolution.
PHOTOS of the IPL 2023 match between Lucknow Super Giants and Royal Challengers Bangalore at the Ekana Sports City in Lucknow on Monday.
Mumbai Indians will look to address their poor death over bowling when they take on a resurgent Gujarat Titans.
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