Public sector banks (PSBs) have delivered significant outperformance over the past three years and the sector has been re-rated. Given the growth and profitability expectations of an 18 per cent return on equity (RoE) over FY24-26, there is still a case for buying at the current levels. While the net interest margins or NIMs may remain range-bound or have a downward bias, there's optimism about possibly better opex ratios and lower non-performing assets (NPAs), plus scope for further credit cost reduction, and healthy treasury performances as interest rates trend down.
IMAGES from the Euro 2024 Group F match played between Turkey and Georgia, at Dortmund BVB Stadion, Dortmund, Germany, on Tuesday.
Defending champions Mumbai got their Ranji Trophy campaign back on track with an emphatic nine-wicket win over Maharashtra in their second group A league game in Mumbai on Monday, offsetting the heavy loss to Baroda in the opening game.
Teenaged Indian Grandmaster D Gukesh shot into sole lead after defeating Firouzja Alireza of France in the 13th and penultimate round of Candidates' Chess tournament in Toronto on Saturday, his quest for the extraordinary placing him on the cusp of becoming the youngest ever World Championship contender.
IndiGo has delivered impressive operating performance in the past six quarters as it navigated cost and capacity challenges. It has managed to mitigate the impact of faulty engine-related groundings. The airline has also managed costs related to grounding, expensive secondary leasing, increasing airport charges, and pilot compensation inflation and delivered stronger yields and spreads.
'We may see little softness in liquidity position after the stabilisation of the government.'
History has not seen a cricketing rivalry as fierce as this this century, every ball bowled every run taken, coming with no quarter given. Ahead of India's five Test tour of Australia, Norma Astrid Godinho/Rediff.com takes a walk down memory lane, recounting India's sojourns Down Under from 1947 to 2021, in a 4-part series.
Images from Day 2 of the 3rd Test played between India and New Zealand, in Mumbai, on Saturday.
'I feel good and I'm rounding into shape ahead of the Olympics.'
India's inspirational para-athletes achieved their stated goal of 25 medals and remained on course for more in Paris on Thursday.
'Two would be premium products and three would be mainstream products.'
Indian Grandmaster R Praggnanandhaa scored a massive, hard-earned victory over world number two Fabiano Caruana of the United States and made his way to the top 10 of world rankings after the end of fifth round of the Norway Chess tournament in Stavanger.
Kidambi Srikanth's winning run at the Swiss Open Super 300 badminton tournament came to an end after a semi-final loss to Chinese Taipei's Lin Chun-Yi in Basel on Saturday night.
Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent.
All Indian athletes who've qualified for the paralympic games
The dawn of a new era had begun under Sourav Ganguly's aggressive leadership. With Ganguly and Coach John Wright at the helm India had transitioned into a force to be reckoned with.
Defending Copa America champions Argentina beat Canada 2-0 in the opening match of the tournament on Thursday.
On Monday, June 10, 2024, Prime Minister Narendra D Modi held the first meeting of his Cabinet at his residence at 7, Lok Kalyan Marg.
A retirement fund can be helpful for all age groups, but ideally one should start investing early to beat market swings and gain from compounding.
Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.
From working in a garment factory, selling bread, and driving an autorickshaw, the 24-year-old fast bowler's path to representing domestic giants Mumbai was anything but easy.
After the draw with Iranian turned French player Firouza, Gukesh has seven points for his sole second spot.
IMAGES from the Premier League matches played on Saturday.
Britannia Industries reported revenue growth of 4 per cent year-on-year (Y-o-Y) in Q1FY25 and volume growth of 8 per cent implying price trends were adverse. Other operating income jumped 195 per cent, due to the incentive received for the Ranjangaon plant. The non-biscuit portfolio (rusk, cake, bread) remained key to growth and contributed 25 per cent of the total revenue.
India may have to lean more on West Asian nations for supplies of liquefied petroleum gas (LPG), a cooking fuel, in the coming years after Indian state-run refiners drew up big plans to diversify into producing more profitable petrochemicals. This shift leads to reduced LPG output, Indian refining executives said. The mantra for state-run oil companies, from Indian Oil Corporation (IndianOil) to liquefied natural gas (LNG) importer Petronet LNG, which are looking to diversify their businesses from lower-margin fuels, has been value-added petrochemicals.
Rajasthan Royals Director of Cricket Kumar Sangakkara has admitted that fatigue played a big part in the team's poor run at the back end of the ongoing IPL, which possibly derailed their campaign.
WV Raman backed the selection of four spinners in India's T20 World Cup squad
The Reserve Bank on Wednesday approved a Rs 2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor Shaktikanta Das.
'Efforts are on to make the data readily available so that it proves useful for policymakers.'
UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come. In the wake of one of the country's most expensive deals in recent times, cement majors may slug it out to add smaller firms from the region to their portfolio. UltraTech's buy is the latest in the four deals the southern market has seen in less than a year, with Adani Cement being the other buyer.
Thermax reported 13 per cent Y-o-Y revenue growth with operating profit margin decline in Q1FY25. It took a hit of Rs 70 crore on specific projects. The company enjoys a strong order pipeline across sectors like power, steel, refining and petrochemicals.
The Proteas began on a convincing note with the bat and remained safe at 29 for no loss at the lunch break.
Hindustan Aeronautics (HAL) is one of the largest beneficiaries of the defence indigenisation programme. The aerospace Public Sector Undertaking (PSU) has just received a new tender for 97 Light Combat Aircraft (LCA) Tejas Mk1A, and it is already servicing an earlier order for 83 LCA aircraft. The new order is worth around Rs 65,000 crore with a 65 per cent indigenisation component, whereas the earlier order (February 21) was worth Rs 45,700 crore with 55 per cent indigenisation.
Against the Reserve Bank of India's (RBI's) projection of 7.1 per cent, India's first quarter (Q1) 2024-25 (FY25) gross domestic product (GDP) growth came in at 6.7 per cent. This is in line with market expectations and significantly lower than the 7.8 per cent recorded in the fourth quarter (Q4) 2023-24 (FY24) and 8.2 per cent in Q1FY24. The quarter witnessed decreased government consumption and investment spending due to the parliamentary election.
Finance Minister Nirmala Sitharaman is set to create history when she presents her seventh straight Budget on Tuesday for the fiscal 2024-25, surpassing the record of former prime minister Morarji Desai. Sitharaman, who will turn 65 next month, was in 2019 appointed as India's first full-time woman finance minister when Prime Minister Narendra Modi won a decisive second term.
India's trade deficit with Russia continued to widen for the second consecutive year to $57 billion in the financial year 2023-24 (FY24), with Moscow becoming New Delhi's largest source of crude oil imports. All eyes will now be on Prime Minister Narendra Modi's visit to Russia during July 8-9, where he is set to meet President Vladimir Putin. This will be Modi's first visit to the Kremlin since the Russia-Ukraine conflict began over two years ago.
Vinicius Jr came off the bench to score once and set up another goal to steer champions Real Madrid to a 4-1 fightback victory over Espanyol.
A summary of India's athletes' showing at the Paris Paralympics on Tuesday.
IMAGES from Day 2 of the first Test between India and Bangladesh, played in Chennai, on Friday.
Second-half strikes by Federico Valverde, Brahim Diaz and Endrick gave feeble Real Madrid an unconvincing 3-0 win over lowly Real Valladolid.
