Findings of the first in-depth analysis of clinical and genomic characteristics of the Clade Ib strain, published in the journal Virology, showed seven of the 10 individuals had a history of travel to the United Arab Emirates (UAE).
Global brokerage CLSA has lowered its target price for IndusInd Bank from Rs 1,200 to Rs 900 while maintaining an outperform rating on the stock after the private lender disclosed a net worth hit of Rs 1,500 crore due to an accounting gap. The revised price target still implies an upside of 34 per cent from current levels.
In 2025, Indian firms may face higher premiums for fire and engineering insurance covers as reinsurers are likely to revise rates due to rising claims from catastrophic events and higher loss ratios, according to people in the know.
To signify its revamped and enlarged role in the field of education in the banking and financial sectors, the 75-year old Indian Institute of Bankers would be known as Indian Institute of Banking and Finance, a senior official said on Friday.
Despite a largely stable December quarter, investors booked profit in shares of IndusInd Bank (IIB) as an increase in slippages took them by surprise. Analysts, on their part, believe investors may, now, wait for actual delivery on slippage decline, potentially limiting near-term upside. "The management has indicated that corporate slippages (from legacy stressed book) have ended and inch up in consumer finance slippages was more one-off, and should meaningfully improve Q4FY24 onwards.
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.
Inflation indexed bonds assure a positive return over inflation.
Debt returns are always negative for investors in India, unless they are willing to take huge risk
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
They can wait, as RBI has indicated the bonds could be linked to CPI in future.
In the first half of the fiscal year, government had borrowed Rs 3.44 lakh crore.
The first tranche of the IIBs 2013-14 for Rs 1,000-2,000 crore (Rs 10-20 billion) will be issued on June 4, it said, adding that the maturity period of these bonds will be 10 years.
Kunnal Prem, chief executive officer of the Insurance Information Bureau of India, tells Mayank Jain on what they're doing.
It said clinical trials of the drug 2-deoxy-D-glucose (2-DG) showed that it helps in faster recovery of hospitalised patients and reduces supplemental oxygen dependence.
Since most banks have tightened lending to diamond merchants and others are about to do so, many medium and small diamond dealers are approaching large players for credit facility within the industry
Health insurance has almost 23 per cent market share in the general insurance space.
A survey by industry body Ficci has lowered the country's economic growth forecast for 2013-14 fiscal to 5 per cent, from 6 per cent projected in July, indicating tough times ahead.
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