Kotak Mahindra Bank's net interest margin is likely to swell after the Reserve Bank of India (RBI) lifted its restrictions on the private lender that barred it from issuing fresh credit cards and onboarding new customers through digital mode, brokerages said on Thursday. The bank's net interest margin (NIM) has seen a decline of over 35 basis points (bps) since the restrictions were imposed by the regulator in April 2024.
Bajaj Finance, Bajaj Finserv, NTPC, State Bank of India, Power Grid, HDFC Bank, Tech Mahindra and Asian Paints were the other gainers. However, Zomato, Adani Ports, Tata Consultancy Services, Mahindra & Mahindra, Maruti and Tata Motors were among the laggards.
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai and MG Motors are gearing up to introduce EVs in India.
When Pritish Nandy passed into the ages, both journalists and film folk expressed their genuine sorrow. Many took to social media to pay their heartfelt condolences.
Mail your wife's photographs and tell us why you love looking at her to getahead@rediff.co.in (SUBJECTLINE: My Wife).
The 100-stock largecap basket of Mutual funds (MFs) has seen a major reshuffle in the latest semi-annual reclassification with seven midcap stocks and four new listings earning the largecap tag. According to a report from Nuvama Alternative & Quantitative Research, the midcap stocks that have been upgraded include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India, and Info Edge.
A quick look at the winners of the 82nd Annual Golden Globe awards.
The newly-formed Delhi Cabinet in its first meeting approved the implementation of the Ayushman Bharat health insurance scheme in the national capital. The cabinet also decided to present 14 pending CAG reports in the first session of the assembly. Delhi Chief Minister Rekha Gupta said that the previous AAP government did not allow the health scheme in the city, preventing the people from availing its benefits.
But they seemed to learn nothing from their past mistakes.
Images from Saturday's action in the Premier League.
Arsenal moved up to second in the Premier League and within six points of Liverpool after a largely trouble-free, if slightly pedestrian, 1-0 win at home to struggling Ipswich Town on a chilly night in north London on Friday.
India's economy is projected to grow between 6.3 per cent and 6.8 per cent in FY26, according to the Economic Survey 2024-25, tabled in Parliament on Friday. The survey highlights that the country's economic fundamentals remain strong, supported by a stable external account, fiscal consolidation, and private consumption. It noted that the government plans to strengthen long-term industrial growth by focusing on research and development (R&D), micro, small, and medium enterprises (MSMEs), and capital goods.
'Geopolitical stability could remove the crude oil risk premium.'
The 12 SU-30MKI jets for the Indian Air Force would be licensed manufactured by Hindustan Aeronautics Limited at its Nashik facility and cost around Rs 13,000 crore.
The founder of KIIT, Achyuta Samanta, and other top officials of the private engineering college were questioned by a government committee about the alleged suicide of a Nepalese girl in her hostel and the assault on students of her country. The incident sparked outrage in the Odisha Assembly, with opposition members demanding a judicial inquiry. Samanta was questioned for two hours, along with the institute's Vice-Chancellor, Registrar, Dean, and two suspended women officials. The committee is investigating the circumstances surrounding the student's suicide, the alleged high-handedness of the institute's administration, and the decision to suspend specific students and shut down the institute for them. The Odisha government has assured Nepalese students that it will cover their travel expenses, arrange remedial classes, and reschedule their mid-semester examinations if necessary.
Telangana Minister J Krishna Rao told reporters that the chances of survival under the circumstances are "not that good."
...You can't see pictures of Dua yet, as the proud parents were reluctant to have her photographed.
From the 30-share blue-chip pack, Bharti Airtel, Power Grid, Bajaj Finance, Nestle, Mahindra & Mahindra, Reliance Industries, Asian Paints, IndusInd Bank, Hindustan Unilever and HDFC Bank were the biggest gainers. Bajaj Finance climbed nearly 2 per cent after the company reported an 18 per cent increase in its consolidated net profit to Rs 4,308 crore for the December quarter.
'If people want to work 90 hours, we should let them work.' 'If people want to work 30 hours, you should let them work 30 hours.' 'But they should not expect the same level of success and attention.'
A summary of Sunday's action in the Premier League.
Silva's tenure begins at a pivotal time, with the ACC focusing on the upcoming Asia Cup and striving to strengthen Asia's position as a powerhouse in global cricket.
'The stakes are too high and it would have been a complete embarrassment had Bumrah broken down in a match.'
By staying informed and focusing on legitimate job openings, candidates can navigate the job market more effectively and safeguard their career aspirations.
Three late goals from Amad Diallo dragged a below-par Manchester United to an unlikely 3-1 comeback victory over bottom side Southampton.
Brides and grooms are pulling out all the stops when it comes to wedding wear. Conventional is passé, observes Asmita Aggarwal.
From the 30 blue-chip pack, Tata Motors, Titan, Tata Steel, State Bank of India, Mahindra & Mahindra, NTPC, ICICI Bank, Maruti, HDFC Bank and Infosys were among the biggest laggards. Zomato, Tech Mahindra, HCL Tech and IndusInd Bank were among the gainers.
Shilpa in Wonderland... Kajol is optimistic... Dia is enjoying Sri Lanka...
An advocate was brutally attacked by a man in front of the court complex in Hosur, Tamil Nadu, on Wednesday, triggering protests by the members of the Bar in the district demanding protection to colleagues at their workplace. The assailant, identified as Ananda Kumar, inflicted grievous cut injuries with a matchet, allegedly due to previous enmity with the victim. The incident sparked a political outrage in the state with various parties criticizing the state government's law and order situation.
Bank employees want a five day work week.
The Indian Air Force (IAF) has seen a reduction in fighter squadrons due to the phasing out of ageing MiG-21, MiG-23 and MiG-27 aircraft. The Parliamentary Standing Committee on Defence acknowledged the "shortage" and highlighted the multi-pronged approach being taken to address it. This includes the induction of indigenous Tejas fighters and the procurement of additional LCA Mk-1A aircraft. The report also addresses concerns over "incidences of spying" within the IAF and details the action taken against those involved.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
From the 30 blue-chip pack, Mahindra & Mahindra, IndusInd Bank, Bajaj Finance, Tata Motors, Bajaj Finserv, Nestle and ICICI Bank were the biggest gainers. State Bank of India, Tata Steel, Adani Ports, Zomato, UltraTech Cement and HCL Tech were among the laggards.
'I have the courage to make mistakes,' says Designer Anamika Khanna, who has brought India international renown.
Arjun Erigaisi breathed a sigh of relief after receiving his US visa to compete in the upcoming World Rapid and Blitz Championships in New York
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
Mahindra & Mahindra on Saturday said it has decided to rename its new electric vehicle brand as 'BE 6' but noted that it will continue to contest strongly in court with InterGlobe Aviation for the trademark 'BE 6e'. InterGlobe Aviation, which owns IndiGo airlines, has taken the automaker to court over the usage of 6E in its new EV brand.
The auto major is not just looking at domestic sales, but also planning to ramp up exports to key markets from here, like the Middle East, North Africa and Australia.
Hollywood's biggest night was high on glitz and glamour but lacked the edge and excitement of the movies it was celebrating, observes Sukanya Verma.
Finance Minister Nirmala Sitharaman on Saturday announced six new schemes and increased the subsidised Kisan Credit Card (KCC) loan limit to Rs 7 lakh from Rs 5 lakh, targeting everything from unemployment to crop productivity enhancement across the country. Presenting her eighth budget speech in Parliament, Sitharaman positioned agriculture as "the first engine of growth" and unveiled the Prime Minister Dhan-Dhaanya Krishi Yojana, a flagship program targeting 100 agri-districts grappling with low productivity, moderate crop intensity, and below-average credit parameters.
'I want to break the notion that models can't act.'
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