Standard Chartered's India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country's private banks, said a senior executive of the British lender. "Our focus on wealth management and affluent clients are central to our existence. "We are strong in these areas and we want to grow in these areas.
Among the Sensex firms, Infosys, NTPC, Power Grid, Titan, ITC, Tech Mahindra, Hindustan Unilever, Axis Bank, Tata Consultancy Services, Bajaj Finserv, Reliance Industries and UltraTech Cement were the biggest gainers. In contrast, IndusInd Bank, Kotak Mahindra Bank, Mahindra & Mahindra, JSW Steel, HDFC Bank and Maruti were the major laggards.
Corporate India is starting to step up its capital expenditure plans amid government incentives and signs of rising demand, company executives and analysts have indicated. This coincides with the Reserve Bank of India (RBI) recently citing a double-digit growth in private capital expenditure. Healthy balance sheets of banks and corporates, along with increasing capacity utilisation and improving business sentiment, are contributing to a favourable environment for sustained growth in private sector investments, the RBI said in its policy last week.
With another quarter of steady growth in demand, cement companies are expected to report strong year-on-year (Y-o-Y) growth in earnings, according to analysts. The September quarter (Q2FY24) also witnessed a resumption of price hikes in certain markets. UltraTech Cement, India's largest cement producer, reported a 15 per cent Y-o-Y increase in cement sales in the country for the quarter under review.
Among the Sensex firms, Axis Bank fell over 4 per cent, emerging as the biggest laggard. State Bank of India, IndusInd Bank, NTPC, UltraTech Cement, Bajaj Finserv, Tata Steel, JSW Steel, Maruti and Larsen & Toubro were the other major laggards. Nestle, Hindustan Unilever, HDFC Bank, Tata Consultancy Services, Infosys, HCL Technologies, and Asian Paints were among the gainers.
Security forces have mounted vigil along the Assam-Arunachal Pradesh boundary to prevent United Liberation Front of Asom militants' anti-talks faction from sneaking into Assam through its eastern district of Tinsukia.
A worker from Punjab who was injured in Wednesday's terror attack in Srinagar's Habba Kadal area died at the SKIMS hospital in Srinagar on Thursday morning, taking the toll to two in the first targeted killing of the year by terrorists in Jammu and Kashmir.
The launch price of Galaxy S23 series in India is in the range of Rs 75,000 to Rs 1.55 lakh per piece. At present, Galaxy S Series smartphones are being manufactured at Samsung's Vietnam factory and the company imports them for sale in India.
Eleven people, including a Railways locomotive driver, were killed and at least two others were injured when suspected Dimaa Halam Daogah (Jewel) militants carried out two separate attacks in North Cachar Hill district on Thursday morning. According to a police source, ten people were killed when the militants also known as Black Widows- waylaid five trucks at Panimur area, which falls under the Umrangshu police station, at around 8.30 am today morning.
The other prominent gainers were Tech Mahindra, HCL Technologies, Wipro, State Bank of India and Larsen & Toubro. Bajaj Finserv, Power Grid, UltraTech Cement and HDFC Bank were among the laggards.
The wealth of India's middle class has grown by 150 per cent since 2000 to $780 billion.
Among the Sensex firms, NTPC climbed over 3 per cent emerging as the biggest gainer. Tata Motors, Sun Pharma, Tata Steel, State Bank of India, UltraTech Cement, JSW Steel, Bajaj Finance, Reliance, ICICI Bank and IndusInd Bank were the other major gainers. Power Grid, HCL Technologies, Tech Mahindra, Tata Consultancy Services, Infosys and Titan were among the laggards.
From the Sensex pack, Bharti Airtel, HDFC Bank, Titan, ITC, UltraTech Cement, Sun Pharma, Bajaj Finserv, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank were among the major gainers. Tata Steel, Axis Bank, IndusInd Bank, NTPC and ICICI Bank were the major laggards.
The demand for buses largely remained robust in 2023, driven by the increasing need for public mobility and replacement. Ashok Leyland Limited (ALL) recorded a 64 per cent year-on-year increase in sales of medium and heavy commercial vehicle (MHCV) buses during the April-to-December period of 2023 to 11,216 units. Volvo Eicher Commercial Vehicles (VECV) posted 24.7 per cent sales growth between April and December for light and medium-duty buses, and 36.9 per cent growth for heavy-duty buses.
Suspected militants from anti-talks faction of Dima Halam Daogah (Jewel Garlosa) or Black Widows gunned down four workers of a cement plant owned by Vinay Cement at Umranghsu in North Cachar Hill district of Assam on Tuesday.
Bereft of ideas, a lacklustre Indian football team's woes were compounded by its defensive lapses, resulting in a 0-3 drubbing by a dominant Uzbekistan in the AFC Asian Cup in Doha on Thursday.
The commander, identified only as Podia, was on Tuesday gunned down by police in Dantewada district, 450km from Raipur, Superintendent of Police Kamlochan Kashyap told PTI.
Four ultras from the Hindu community have been killed during the two-decade-long militancy in Jammu and Kashmir, a senior police official said as he asserted that their fight was not for ideology, but they were lured by "power of gun."
Acting on a tip off, the Gorkha regiment raided the Mechaki reserve forest area at Hankhati where the militants, including hardcore ULFA ultra Joond Bhuyan, were sheltered. When the militants opened fire at the approaching militants, the securitymen retaliated and heavy exchange of fire continued for nearly an hour. In the shootout, Captain S Choudhury sustained grievous injuries and was airlifted to the Air Force hospital at Roroiya, where he was declared dead.
Among the Sensex firms, NTPC, Tech Mahindra, UltraTech Cement, Bajaj Finance, ITC, Bajaj Finserv, Axis Bank and Power Grid were the major gainers. On the other hand, Mahindra & Mahindra, HCL Technologies, Titan and IndusInd Bank were among the laggards.
Among the Sensex firms, State Bank of India, Infosys, Titan, Tech Mahindra, IndusInd Bank, NTPC, ICICI Bank, Power Grid, Reliance Industries and Kotak Mahindra Bank were the major laggards. On the other hand, Tata Motors, Nestle, Hindustan Unilever, Tata Steel, Bajaj Finance and UltraTech Cement were among the gainers.
SpiceJet's resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant, aviation consultancy firm Capa India said on Thursday. "Although the market for procuring aircraft in 2024 is exceptionally tight, we expect that SpiceJet will bring stored aircraft back into operations, and will wet or dry lease as much capacity as possible, in order to be competitively relevant. "This will have a material impact on the industry structure, and possibly on domestic profitability," Capa India said in its report.
Russian hooligans prepared for "ultra-rapid, ultra-violent action" were involved in the worst of the fighting that hit Marseille at the start of the Euro 2016 soccer tournament, the French city's chief prosecutor said on Monday.
Two Maoists -- a man and a woman -- were apprehended following a gun battle in a forest area in Wayanad, Kerala, late on Tuesday night, the police said.
Giving details, the official said a cordon a search operation was launched in Padgampora following information about presence of terrorists there. The search operation turned into an encounter after the terrorists hiding in a house opened fire.
A ruling Bharatiya Janata Party leader was on Monday shot dead by Naxalites in Katekalyan region of the Maoist-hit Dantewada district of Chhattisgarh, police said.
On Sunday morning, the sun shone brightly on vintage cars parked in symmetry on the grounds of ITC Maurya in New Delhi. The owners were making sure the old beauties turned up spick and span for a rally organised by ITC Hotels in partnership with the Heritage Motoring Club of India. The rally would end at ITC Grand Bharat in Gurugram, Haryana, later in the day.
J&K: 2 ultras, jawan killed in encounter
A self-styled chief operational commander of al-Burq militant outfit has been killed in an encounter with the Jammu and Kashmir police
From the Sensex pack, Nestle, Tata Consultancy Services, IndusInd Bank, Asian Paints, Bharti Airtel, Tech Mahindra, UltraTech Cement, Kotak Mahindra Bank and Hindustan Unilever were among the major laggards. Tata Steel, JSW Steel, HCL Technologies, Axis Bank, Power Grid and Mahindra & Mahindra were among the gainers.
Ashwin's unconventional decision-making takes centre stage in the TNPL.
The most strident criticism of UP's anti-conversion ordinance has come from the judiciary with several retired Supreme Court and high court judges having described it as being violative of Article 14 (Right to Equality), 15 (Prohibition of discrimination on grounds of religion), 21 (Right to Life) and 25 (Freedom of conscience) of the Constitution, points out Rashme Sehgal.
'Those who hope for a strong united Opposition are disillusioned at the way in which the INDIA alliance has already been caught in debilitating squabbles.'
The exchange of fire took place in the Njettithodi area of the Uruppumkutty forest under the Karikkottakari police station limit, they said.
The present technology supports only 557 outlines of heads, eyes, chins and hairstyles. Officers say beyond that they can't sketch any culprits in the wake of any untoward incident.
Which entrepreneur would willingly part with her or his hard-earned money for grasping, self-serving politicians? asks Debashis Basu.
Major laggards among Sensex constituents included Bharti Airtel, Hindustan Unilever, Tata Steel and ITC. Power Grid, UltraTech Cement, NTPC and Titan emerged as winners.
Who do you think should be part of India's playing for the fifth Test against England?
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