The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
During the premiere episode of Bigg Boss 18, Salman Khan had declared that Vivian Dsena and Alice Kaushik would end up being the two top contestants this year. The prediction was made before the game even started.
Workplaces of 2025 will be defined by a deep focus on people-first values, inclusivity, and sustainable growth, foresees Sonica Aron, founder of Marching Sheep.
Many were hoping that with Vajpayee's NDA gone, there would be a return to the Congress normal. Nobody was prepared for the opposite. Sonia Gandhi was sceptical. This became the only issue over which Manmohan Singh took on his party bosses and risked his government. Politically, it was riskier than the 1991 reform, recalls Shekhar Gupta.
Former Delhi chief minister Arvind Kejriwal on Friday vacated the 6, Flagstaff Road residence to move to his new address in the Lutyens' Zone.
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
French energy giant TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. The energy giant said it was not aware of the investigation into the alleged corruption. TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire and had previously taken stakes in the group's renewable energy venture Adani Green Energy Ltd (AEGL) and city gas unit Adani Total Gas Ltd (ATGL).
'When he played his inner light shone so bright! His joy embraced us all... we experienced divinity.'
Zakir Hussain was the maestro of tabla, percussionist, composer and even actor -- a legend who was India's very own and yet belonged to the world. Hussain died from 'idiopathic pulmonary fibrosis', a lung disease, in a San Francisco hospital early Monday. He was 73.
A major surprise in the 2024 Google search trends was the absence of iconic names like Cristiano Ronaldo, Lionel Messi, M S Dhoni, and Virat Kohli from the list of the top 10 most-searched athletes.
He's handsome, he's talented, he has a huge fan base and he's been making his presence felt in the BB house from the moment he stepped in.
Senior Congress leader and Maharashtra assembly poll candidate Balasaheb Thorat has asserted that the opposition Maha Vikas Aghadi (MVA) will win a clear majority and also indicated his chief ministerial aspirations. Thorat, who is among the senior leaders in the MVA after NCP (SP) head Sharad Pawar, said he enjoys cordial relations with leaders of the alliance. He also criticized the ruling Mahayuti coalition, accusing it of corruption and communal politics.
According to the available information, two Hindu leaders, who were incidentally leaders of Hasina's Awami League party, were killed in north-western Sirajganj and Rangpur, Debnath said, adding that the Council was still gathering more information.
The government has slashed by up to 20 per cent the supplies of cheaper domestically produced natural gas to city retailers -- a move that may result in Rs 4-6 per kg hike in the price of CNG sold to automobiles, unless excise duty on the fuel is cut, sources said. Natural gas pumped from below the ground and from under the seabed from sites ranging from the Arabian Sea to Bay of Bengal within India is the raw material that is turned into CNG for sale to automobiles and piped cooking gas to households.
Suresh Narayanan, chairman and managing director of Nestl India, is set to retire on July 31 next year, marking the end of an era that began 26 years ago with the Nestl group, a multinational giant in the food and beverage space. His tenure is perhaps most famously defined by his role in reviving the Maggi noodles brand. When Narayanan stepped into leadership at Nestl India in 2015, the company was facing criticism: the Food Safety and Standards Authority of India (FSSAI) had ordered a nationwide recall of the popular Maggi noodles due to high levels of lead found in the product.
Leading FMCG firms reported a nearly two-fold increase in the share of quick commerce within their total e-commerce sales, and this surge is anticipated to continue, said a joint report by Deloitte and industry body FICCI. Quick Commerce, also known as hyperlocal delivery, is now reaching around 35 per cent of online sales and has become a preferred channel for urban consumers. "About 18 per cent of consumers prefer purchasing food and beverage items from Q-commerce channels.
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.
Automobile, apparel and electronics are among sectors that see a sales boost during the festival season, a time when investors expect gains in related stocks. This year could be different: Analysts have factored in all positives and do not expect such stocks to deliver lucrative returns. "Indian households spend across sectors like automobiles, consumer durables, and consumer staples during the festival season.
'If you are watching cricket and don't want to leave the screen, you could check the menu and order through Zomato (or any other app) from a small part of your screen. That is what we are working towards.'
India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand, consumer intelligence firm NielsenIQ said in its quarterly update on Thursday. Price-led growth stood at 1.5 per cent. According to NielsenIQ data, rural volume growth outpaced urban markets for the third straight quarter despite consumption softening in both regions.
The total number of demat accounts in the country stood at 171.1 million as of August 31.
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
It will be the second Budget of the Modi 3.0 government and eighth straight Budget for Nirmala Sitharaman, rare in Indian polity.
The survey covered 47,535 households in rural areas and 36,065 households in urban areas.
'We do not believe in fire sale. We don't do it.'
The gesture was reminiscent of fan reverence in a similar manner for Gaikwad's Chennai Super Kings teammate and former India captain Mahendra Singh Dhoni
The Congress on Thursday accused the Modi government of aiding 'drain of wealth' from ordinary Indians to crony corporates, and said it will end this practice if it comes to power at the Centre.
In India, 11.9 lakh excess deaths occurred in 2020 during the COVID-19 pandemic, 17 per cent higher compared to 2019, an international study has found.
Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week.
'They take care of the problem: How can I ensure my child's education and other goals are not compromised, even if I am not around?'
Carter was in politics, but not a politician, certainly not a transactional politician, points out Shreekant Sambrani.
After Delhi, CNG price in Mumbai has been hiked by Rs 1.50 per kg and the rate of cooking gas piped to houses by Re 1 due to rise in input costs. Mahanagar Gas Ltd, which retails CNG to automobiles and piped natural gas to households for cooking purposes in Mumbai and surrounding cities, said the increased prices will come into effect from the intervening night of July 8 and 9.
With the Ramayana as the central element, the coming together of Ajay Devgn, Akshay Kumar, Ranveer Singh and Tiger Shroff along with Kareena Kapoor and Deepika Padukone upped the superstar quotient further.
The sweet taste of a laddoo is believed to attract prosperity and abundance.
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