Nineteen per cent of global fund managers remain bullish on India, suggests the latest BofA Asia Fund Manager Survey (FMS). A total of 249 panelists with $656 billion worth of assets under management (AUM) participated in the survey between February 2 and 8, BofA said. Two hundred and nine participants with $568 billion AUM responded to the global FMS questions, while 145 participants with $331 billion in AUM responded to the regional fund manager survey (FMS) questions, BofA said.
Here's a look at the weekend box office report.
A look at the weekend box office report.
India's current account deficit narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in services exports, RBI data showed on Tuesday. However, for the 2022-23 fiscal, the current account balance recorded a deficit of 2 per cent of GDP compared to 1.2 per cent in 2021-22. "India's current account deficit (CAD) decreased to $1.3 billion (0.2 per cent of GDP) in Q4:2022-23 from $16.8 billion (2.0 per cent of GDP) in Q3:2022-231, and $13.4 billion (1.6 per cent of GDP) a year ago [Q4:2021-22]," as per the RBI's 'Developments in India's Balance of Payments during the Fourth Quarter (January-March) of 2022-23'.
All 463 branches of BoR has started functioning as ICICI Bank's as per the directive of the Reserve Bank of India.
China on Wednesday braced for a high profile murder trial of Gu Kailai, wife of disgraced ruling Communist Party leader Bo Xilai, which will begin on Thursday.
Prannoy is only seeded Indian player at No. 7 in the men's singles draw of 32 as he will begin his campaign against Loh Kean Yew of Singapore, against whom the Indian has a 4-1 win-loss record.
Development commissioners have been asked to forward proposals regarding SEZs along with their comments at the earliest so that they could be deliberated over at the meeting, it said.
In line with its global growth strategy, Bank of Baroda will open its representative office in Guangzhou, China, on June 28.
With this reduction, the banks BPLR will fall to 12.50 per cent from January 1. The bank has also lowered its deposit rates by 25-100 bps across various maturities. The maximum rate available would be 8.75 per cent for deposits of two years and above.
If a name does not unify the three, there could be continued clash of identities, which could splinter the brand even before it takes shape, say Abhijit Lele and Nikhat Hetavkar.
Bank of Baroda on Thursday expressed hope that it would get the Reserve Bank of India's permission to foray into life insurance business this year.
Bank of Baroda (BoB) has made prudential provision of Rs 500 crore for exposure to Go First, which has sought bankruptcy protection after the National Company Law Tribunal (NCLT) admitted its plea for voluntary insolvency. Sanjiv Chadha, managing director and chief executive officer of BoB, said the bank identifies issues in advance and makes provisions if required. The Mumbai-based public sector lender has an exposure of Rs 1,300 crore to the troubled airline.
Bank of India has reduced interest rate on foreign currency non-resident deposits up to 0.22 per cent, effective from Saturday. There is, however, no change in the rates on yen-denominated FCNR deposits.
Hu Jintao is keen to have the proceedings against Bo Xilai, the party boss of the southwestern metropolis of Chongqing, completed before handing over as the general secretary of the Communist Party of China to his expected successor Xi Jinping, notes B Raman.
After a week-long lull in firing from across the International Border, Pakistani Rangers on Thursday violated the ceasefire and targeted a Border-out-Post in the R S Pura sector of Jammu.
Notwithstanding record revenues in certain media sectors like film exhibition in the July-September quarter (second quarter, or Q2), the operational performance of the broadcasting business remained subdued. Zee Entertainment Enterprises and Sun TV are expected to experience a year-on-year (Y-o-Y) decline in advertising (ad) revenues during this period. Conversely, box office (BO) collections are anticipated to exceed Rs 3,000 crore in the quarter, propelled by a series of successful movie releases.
The Bank of Baroda on Thursday expressed its desire to acquire a bank in south or east India and said it was open to reduce the prime lending rate by 0.25-0.50 per cent.
The Reserve Bank of India has recommended the names of State Bank of India and Bank of India to its Pakistani counterpart for allowing them to open of branches in that country.
The Bank of India has revised the interest rates on Foreign Currency Non-Resident deposits in US dollar and Euro currencies with effect from Tuesday.
Goa has scrapped 12 SEZs, including the seven, which were approved by the state government. But the government is struggling over denotification of three industrial enclaves, which has now rushed to the High Court against government's intention to scrap them.
India's current account deficit declined sharply to 1 per cent of the GDP or $8.3 billion in the second quarter of this financial year, mainly due to lower merchandise trade deficit and growth in services exports, according to a RBI data released on Tuesday. The current account deficit (CAD), which represents the difference between the total amount of money sent abroad and money received from overseas across the economy, was 3.8 per cent of GDP or $30.9 billion in the July-September quarter in 2022-23. CAD was $9.2 billion or 1.1 per cent of GDP in the first quarter (April-June) of the current financial year 2023-24.
Calendar 2022 will go down as a year when the real star was the Next Big Idea.
A Chinese court on Monday sentenced Wang Lijun, the top police official whose defection to United States consulate has sparked off country's biggest political scandal, to 15 years in prison.
The Reserve Bank of India has approved the merger of Centurion Bank and Bank of Punjab to be effective from October 2005.
Bank of Maharashtra has plans to open its maiden overseas offices in the United Kingdom and the United States and is negotiating with the government for setting up branches in other countries as well.
Announcement of macroeconmic data such as industrial production and inflation, the US Federal Reserve's interest rate decision along with trends in global equities would dictate movement in the stock market this week, analysts said. Besides, foreign fund trading activity would also guide the trends in equities. "All eyes are now on the US Fed policy outcome for cues, which is scheduled on June 14. In the following sessions, the European Central Bank (ECB) and Bank of Japan (BoJ) will also announce their policy decisions.
SBI keeps IDBI waiting for proposal to set up infra development fund
Pakistan Rangers violated ceasefire again by targeting Border Outs Posts with small arms and automatic weapons along International Border in Jammu district, prompting Border Security Force troops to retaliate.
After impressing with his cop act in Mumbai Saga, Emraan Hashmi returns to his favourite genre -- the suspense thriller -- with Chehre.
Bank of Baroda has revised upwards the interest rates on Non-Resident External deposits for various maturities by 0.05 to 0.1 per cent.
It won't be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay.
Even as competition to garner deposits is intensifying into a tight liquidity and high credit growth scenario, Bank of Baroda (BoB) has hiked deposit rates for the second time in the current quarter. Also, private lender IDBI Bank has come out with a limited period offer on its term deposits. It is offering 7.6 per cent interest rate for a tenor of 700 days, effective from December 2022.
In August 2021, Nick Read, chief executive of Vodafone Plc at the time, did not mince his words while speaking about the India business in an earnings call. Replying to an analyst's question on Vodafone Idea, a venture with the Aditya Birla Group that had piled on huge debts and worrisome losses, Read described it as a highly stressed situation that "they (Vodafone Idea) are trying to navigate... "We, as a group, try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India.''
This is the second such incident along the India-Pakistan border in Jammu division in two days.
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