IDFC First Bank delivered good results in the first quarter of this financial year (Q1FY24), but some analysts are concerned the bank is fully-valued. So, there has been profit-booking after a price rise. Growth went side-by-side with a focus on cutting interest costs and exposure to high non-performing infrastructure loans. The mortgage book is 28 per cent, of which 24 per cent is home loans and loans against property.
Maruti Suzuki India (MSIL) - the market leader in small cars - is eyeing the top spot in the sports utility vehicle (SUV) segment within a year - with a 33 per cent share of the pie. The company has been selling two SUVs - the Brezza and the Grand Vitara - and will start deliveries of the Jimny and the Fronx from March-end, and has set a target of growing its share from the current 11.5 per cent of the SUV market to 33 per cent by the end of 2023-24. The SUV segment is roughly about 42 per cent of the total passenger vehicle market, or around 1.3 million units.
Sevilla maintained their incredible record in the competition after an otherwise difficult season.
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.
India is expected to contribute 15 per cent to the global growth in 2023, an International Monetary Fund (IMF) official said on Tuesday. "Both India and China are expected to contribute 50 per cent of the global growth in the upcoming year (2023). "However, the share of India's contribution to global growth is expected to be around 15 per cent," Krishna Srinivasan, director, Asia and Pacific Department (APD) at IMF said at a roundtable with reporters from south Asian countries.
Life Insurance Corporation of India (LIC) declared disappointing results in Q1FY24. While it reported a net profit of Rs 9,540 crore in Q1FY24, this was attributable to the transfer of Rs 7,490 crore from non-participating (non-par) products to shareholders' accounts due to the accretion on available solvency margin. In operational terms, annualised premium equivalent (APE) declined and value of new business (VNB) margin was flat. But the medium-term prospects may be better.
Union Minister Nitin Gadkari on Tuesday launched the country's first crash testing programme Bharat NCAP aimed at improving road safety standards of motor vehicles up to 3.5 tonnes. Bharat New Car Assessment Programme (Bharat NCAP) is India's own crash testing programme and is cheaper than tests conducted abroad, Gadkari said, adding that the star ratings will help buyers understand the quality of the product and make an informed purchase decision. Bharat NCAP will be implemented from October 1, 2023.
Code Name: Tiranga, on the other hand, is a disaster.
Bruised and battered by India after being bundled out for a meagre 79 while chasing 270 in the series-deciding fifth and final ODI here, New Zealand skipper Kane Williamson termed the performance of his batting department as "frustrating". Williamson said the Kiwi batsmen did not justify to lose eight wickets for just 16 runs. "That's what's so frustrating, because we failed as a batting unit. The spinners of the Indian side bowled very well but I don't think it is justified to lose 8 wickets for 16 runs. We need to look at some of our plans. There was turn in the pitch in some other games too but we were able to handle it better then," Williamson said after their massive 190-run defeat in the fifth and final ODI in Vizag.
IMAGES from the ICC World Cup match between Pakistan and South Africa, in Chennai, on Friday.
IMAGES from the Asia Cup Super 4 match played between Sri Lanka and Pakistan in Colombo on Thursday.
These funds carry low risk and should be able to beat the returns from fixed deposits.
Can this growth in GST collection be sustained in the coming years? asks A K Bhattacharya.
Undergoing a lean patch, Suryakumar Yadav was seen toiling in the nets ahead of Mumbai Indians' match against Kolkata Knight Riders.
Punjab Kings spin bowling coach Sunil Joshi feels Prabhsimran Singh always had the talent but the maturity gained over the years is finally helping him play to his potential.
Moody's Investors Service on Wednesday raised India's economic growth estimate for 2023 to 5.5 per cent from 4.8 per cent pegged earlier, on the back of a sharp increase in capital expenditure in the Budget and a resilient economic momentum. It however revised downwards India's growth estimate for 2022 to 6.8 per cent from 7 per cent pegged in November last year. In its February update to Global Macro Outlook 2023-24, Moody's raised the baseline 2023 real growth projections "meaningfully" for several G20 economies, including the US, Canada, the Euro area, India, Russia, Mexico, and Turkiye, accounting for a stronger end to 2022.
In 2015, foreign investors slowed net buying of Indian equities.
Eicher Motors is a leader in the premium motorcycle segment, where it holds market share of over 85 per cent under the Royal Enfield (RE) brand. The company's joint venture VE Commercial Vehicles (VECV) with Volvo, where it holds 54.5 per cent stake, gives it a strong footing in commercial vehicles (CVs). The company had good results in FY23 and it has a strong balance sheet and good operating margins.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
'I played around 140 matches for RCB, but I received no proper communication from them.'
'When democracy first came to Bhutan people had no idea and they were like 'What is that?' Oh it's that thing they have in India where the leaders are always fighting and arguing.' When I screened the film to Bhutan's film committee, they thought my film was good but they were concerned about that line. They wanted me to change that line. They said, 'We don't want to offend India.' I tried to tell them that Indians have a great ability to laugh at themselves but they insisted I change it.'
India will expect a better approach from skipper Shikhar Dhawan and young Shubman Gill in the Powerplay overs when the team clashes with New Zealand in a do-or-die second One-Day International, in Hamilton, on Sunday.
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.
The Survey lists some of the challenges that might impede India's progress.
There's a straightforward relationship between economic activity and power consumption. If economic activity increases, so does power consumption. Since the latest GDP (gross domestic product) data indicates India's growth rates exceeded expectations in the second half if the 2022-23 financial year (H2FY23) and GDP estimates of FY24 are strong, we would expect power consumption to rise as indeed it has. There is also a direct relationship between power consumption and National Thermal Power Corporation or NTPC's results since the public sector undertaking (PSU) is the largest power generator in India.
Marileidy Paulino of the Dominican Republic won World Championship gold in the women's 400m on Wednesday.
England captain Jos Buttler is happy with his team's preparation but tipped champions Australia as the favourites to win the Twenty20 World Cup on home soil.
American Holloway wins third straight world 110m hurdles title
One could argue that India is not troubled in the same way as China is by a declining population and structural problems in real estate/construction and finance. But India has serious trade and fiscal imbalances, and excessive dependence on capital expenditure by the government, points out T N Ninan.
Notwithstanding the windfall tax placing a cap on profits, oil and gas producers like Oil India (OIL) and Oil and Natural Gas Corporation (ONGC) have done well in the October-December quarter (third quarter, or Q3) of 2022-23 (FY23). ONGC faces the drag of poor results from its subsidiary Hindustan Petroleum Corporation, and in comparative terms, OIL is better off. Standalone net sales in Q3FY23 stood at Rs 5,900 crore - up 57 per cent year-on-year (YoY), up 2 per cent quarter-on-quarter (QoQ).
Novak Djokovic's steady progress in the last few seasons is a testament to his mental strength and physical conditioning.
Small stocks of Dalal Street grappled with turbulent times in 2022 as high volatility and higher interest rate regime sapped investors' appetite for these scrips but the horizon ahead seems less cloudy for the New Year. While the 30-share Sensex scaled multiple record peaks with bluechips glittering, small stocks underperformed and the BSE smallcap index declined more than 3 per cent this year. In comparison, the BSE Sensex climbed 2,673.61 points or 4.58 per cent till December 27.
Investors need to evaluate how they stack up against other high credit quality fixed-income options before putting money in them.
North East were 65 for 2, 475 runs in arrears, when bad light and rain forced an early closure to their first dig on Thursday.
Carlos Alcaraz ended Novak Djokovic's reign to usher in a new era at Wimbledon -- a win that was being trumpeted as the changing of the guard in men's tennis.
Images from the second One-day International between West Indies and India at Kensington Oval, Barbados, on Saturday.
The TMC has won in 34,560 gram panchayat seats, besides leading in 705 seats, according to the SEC as of 11.30 am on Wednesday.
Many investors want to exit equities now and re-enter when they begin to rise. Such timing is difficult to pull off.
Brazil's women's football team was greeted by hundreds of adoring fans in Manaus on Monday, as their performances and fame all of a sudden eclipsed that of their struggling male counterparts.
