Investors shunned shares of Bajaj Finance on Friday, a day after the non-banking financial company (NBFC) reported a sharp contraction in its net interest margin (NIM) for the March quarter of the financial year 2023-24 (Q4FY24). The losses accounted for a fifth of the benchmark S&P BSE Sensex's 609-point loss. Most brokerages have tamed their earnings expectations for the next couple of quarters, after the management said it expected the pressure on NIMs to continue in the near term.
Distinguished scientist Samir V Kamat was on Thursday appointed as Secretary of the Department of Defence Research and Development and Chairman of the Defence Research and Development Organisation (DRDO), according to a Personnel Ministry order.
PCB invites Jay Shah to Pakistan to watch opening match of Asia Cup
The tenure of the incumbent AIIMS director, Dr Randeep Guleria, which was set to end on March 24, was extended by three months.
ICC said that Pakistan had signed a participation agreement to compete in the upcoming ICC Cricket World Cup this year in October-November.
PCB acting chairman Zaka Ashraf will push for the country's ODI World Cup matches at neutral venues at the ICC meetings in Durban this week.
Afghanistan skipper Hashmatullah Shahidi said he could not be more proud of his team's performance following a heartbreaking two-run loss to Sri Lanka that knocked his side out of the Asia Cup, in Lahore on Tuesday.
'He is still learning his craft. But he is learning quickly and will be a real handful in years to come.'
urged the International Cricket Council (ICC) to sign the Champions Trophy 2025 hosting rights agreements with it, stressing that the PCB should be compensated if India refuse to travel.
PCB chairman Ramiz Raja told the ICC that Pakistan has not made any decision not to send its team to India for the 50-over World Cup.
The Asia Cup match between India and Pakistan was called off due to persistent rain in Pallekele on Saturday.
Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports & Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.
Dr Guleria was appointed as the director for a term of five years on March 28, 2017.
The market capitalisation of Adani Group companies rose by nearly Rs 73,000 crore on Monday as investors lapped up shares of the power-to-port conglomerate after BJP's electoral wins in three states, spurring hopes of regime continuity at the Centre. The Gautam Adani group's market map once again neared the Rs 12-trillion mark, following sharp gains made over the past week. "Two big overhangs for the Adani Group have receded somewhat following the state election results, there is more certainty that the BJP will win a third time next year.
The 2023 Asia Cup in Pakistan will be a 50-over event with the Asian Cricket Council continuing its tradition of holding the tournament in the same format as that particular year's ICC global event, PCB chairman Ramiz Raja said on Monday.
Bangladesh's One-Day International debutant Tanzim Hasan, who grabbed public attention with a scintillating opening spell in the Asia Cup Super Fours match against India, in Colombo on Friday, described India skipper Rohit Sharma's dismissal as a "dream wicket".
Rohit Sharma on Tuesday said it was good to play a high-pressure game against Sri Lanka in the Super 4 stage
Of the top four companies, which collectively hold more than half of India's market share, two have pitted Shah Rukh Khan and Sunny Deol against each other.
Nepal qualified for the Asia Cup 2023 on the back of them winning the ACC Premier Cup earlier this year.
Pak pace trio a far more potent attack on flat wickets: Dinesh Karthik
Irfan Pathan took a hilarious dig at the Pakistan cricket team after their Asia Cup group stage clash
Former Indian batter Gautam Gambhir slammed compatriot Virat Kohli for his poor shot selection during India's high-octane clash against arch-rival Pakistan.
Associated Cement Companies Ltd allotted 10,700 shares under a employee stock option plan.
Cement manufacturers' show during the June 2023-ended quarter (Q1FY24) has indicated an intensified slugfest for market share. For instance, Dalmia Bharat (Cement) said it has lost market share in eastern India owing to lack of price discipline. Industry analysts also said that the seasonal weakness in cement prices for Q1 is showing up earlier than usual.
Foreign banks and private credit funds are queuing up to fund acquisitions by Indian companies who are buying out their local rivals. The Adani Group, Torrent Group, and the Hindujas have approached several foreign banks and private equity (PE) firms to fund their acquisitions. Global investors have about $2 trillion of funds to invest, and about $100 to $150 billion is set aside for India, according to an estimate by JP Morgan.
Ashwin suggested that the Asia Cup 2023 should be shifted to Sri Lanka instead of being held in Pakistan.
The Asian Cricket Council is set to play a role in helping grow the game in Africa through a plan prepared by ACC chief Jay Shah.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
Four companies - Rajesh Exports, Hyundai Global Motors Company, Ola Electric Mobility and Reliance New Energy - are eligible for receiving benefits under the production-linked incentive (PLI) scheme for advanced chemistry cell battery storage, the heavy industries ministry said on Thursday. The allotment was made for a total of 50 GWh of battery capacity to the four successful bidders. These firms, the ministry said, will receive incentives under India's Rs 18,100 crore programme to boost local battery cell production.
Engaging fifties by skipper Smriti Mandhana and star all-rounder Elysse Perry took Royal Challengers Bangalore to a formidable 198 for three against UP Warriorz in their Women's Premier League match in Bengaluru on Monday.
Afghanistan head coach Jonathan Trott said that they weren't aware of the net run rate (NRR) permutations which might have worked in their favour during their last group clash against Sri Lanka in the Asia Cup in Lahore.
Pakistan Cricket Board chairman Najam Sethi is exploring all options as far as this year's Asia Cup in Pakistan and ODI World Cup in India are concerned, saying it's time to "take a clear position".
India will not tailor its policies to suit US EV maker Tesla, and its laws and tariff rules will be formulated to attract all-electric vehicle manufacturers from across the world to set up a base in the world's fastest-growing economy, Commerce and Industry Minister Piyush Goyal said. Tesla has been seeking an initial tariff concession that would allow it to offset 70 per cent customs duty for cars priced less than $40,000, and 100 per cent for cars of higher value.
The talent is in plenty in this squad and if this machine runs smoothly, a sixth IPL trophy will be at touching distance for Thala and Co.
BCCI president Roger Binny said he will be interacting with the Pakistan Cricket Board when he visits Pakistan for the Asia Cup.
With the completion of this third extension, Rajiv Gauba will become the longest serving cabinet secretary of the country. Till now, B D Pande had been the longest serving cabinet secretary from November 2, 1972, to March 31, 1977.
There is a possibility that the Asia Cup might be scrapped entirely this year and India, Sri Lanka, Bangladesh and Afghanistan could end up playing a multi-team event in 50-overs format before the World Cup.
India, who will be led by Harmanpreet Kaur, will launch their campaign with a clash against Sri Lanka
Ramiz Raja says he will discuss his proposal to launch a four-nation ODI tournament with Sourav Ganguly
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.
