Bharti Airtel has received financing commitments of up to $2.5 billion from top Chinese banks.
In the quarter gone by (Q3 of FY22), private lender HDFC Bank issued around 950,000 credit cards, its highest ever credit card issuance in any single quarter. Since the Reserve Bank of India (RBI) revoked the embargo on it in August 2021 to issue new credit cards, the lender has issued 1.37 million credit cards. This is according to a senior bank executive, who was present in an analysts' call after the lender's Q3 earnings. In Q3, we achieved the highest ever issuance, with 950,000 card issuances.
Investors should avoid making drastic changes to their asset allocation during a market correction.
First win for India since Nov 2023 and first under coach Manolo Marquez.
'Our production capacity ramp-up initiatives are expected to meet the critical requirements of our armed forces.'
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
'Many of these issues will be resolved within 6 months because the US economy has started unravelling.'
Jasprit Bumrah revealed that Mohammed Siraj has been bowling with a niggle and praised him for fighting through pain.
ICICI Prudential Life Insurance (IPRU) disappointed the market even though some analysts said the Q3FY25 results were in line. Most analysts cut margin estimates. The insurer reported M9FY25 growth of 8.5 per cent year-on-year (Y-o-Y) in value of new business (VNB) premium to Rs 1,575 crore, while total annual premium equivalent (APE) grew 27.2 per cent to Rs 6,910 crore.
'Earlier, our cost of funds was higher than most in the peer group.'
Usha Chilukuri Vance, the wife of newly sworn-in Vice President JD Vance, has made history as the first Indian-American and Hindu Second Lady of the United States. Usha, a lawyer and daughter of Indian immigrants, held the Bible during Vance's oath of office, signifying her role in supporting her husband's political journey. Her background and her husband's rise to the Vice Presidency highlight the growing political influence of Indian Americans and their increasing representation in national politics.
Palak and Anuja endear us to their bittersweet world, observes Sukanya Verma.
Villarreal fought back to shock Barcelona 3-2 on Sunday, handing the LaLiga champions their first league defeat since late December.
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
K L Rahul stroked a fluent half-century as a dominant Delhi Capitals outclassed Chennai Super Kings by 25 runs.
On the first visit by an Indian Prime Minister to Myanmar in quarter of a century, Manmohan Singh held 'broad-ranging' discussions with Myanmar President Thein Sein on a road map for bilateral cooperation and said New Delhi was committed to Myanmar's economic development.
India on Monday announced that it will provide a 500 million-dollar line of credit to Myanmar as the two countries signed agreements on a range of sectors, including air services, beginning a "new journey" of bilateral cooperation. On the first visit by an Indian prime minister to Myanmar in quarter of a century, Manmohan Singh held "broad-ranging" discussions with Myanmar President Thein Sein on a roadmap for bilateral cooperation.
Some lament the FA Cup having lost much of its romance in recent years, in the face of obsession with the Premier League, but this tie had it in bucket loads.
15-year-old Indian amateur golfer Kartik Singh made history by becoming the youngest player from the subcontinent to make the cut in an Asian Tour event at the International Series India.
Union Finance Minister Nirmala Sitharaman is often known for making statements with her sarees on Budget Day. Each year, she wears a saree that represents India's rich textile heritage and traditional craftsmanship, and this year was no different. This year, Sitharaman chose to wear a beautiful off white saree with intricate golden work, paired with a red blouse and a shawl while carrying her trademark 'bahi-khata', a tablet wrapped in a red-coloured cloth with a golden-coloured national emblem embossed on it.
The Uttar Pradesh government has announced a special Rs 10,000 bonus and the 'Maha Kumbh Seva Medal' for 75,000 police personnel who served during the Maha Kumbh in Prayagraj. Chief Minister Yogi Adityanath praised the police force's efforts in managing the grand religious event, highlighting the event's economic impact and the transformation of the UP Police into a "Mitra Police." He also emphasized the state government's commitment to police welfare and infrastructure development, citing increased recruitment and budget allocation.
Tilak Verma, who has two T20I hundreds for India and is one of the pillars of the core MI set-up, had scored just 25 off 23 balls, inclusive of two boundaries, when Mitchell Santner, with a career IPL strike-rate of 106, was sent in.
Core retail segments like motor and health continue to report strong growth of 19-20 per cent with competitive intensity still visible in the motor OD (owner driven) segment. Commercial lines reported muted growth. Group health remains a key driver. Among the listed companies, ICICI Lombard continues to trail in the motor section while Star Health has lost its Y-o-Y retail market share although its better on a sequential basis.
These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.
'There is no linkage as far as the Indian power-generating business is concerned.'
Prime Minister Modi appreciated the vision of Putin for the welfare for Russia's Far East, saying the Russian President has opened up investment opportunities for India in the region.
'You have to separate the concept of India as a nation State which is very young and the Upanishadic wisdom which is timeless.'
Rohit Sharma smashed his 32nd ODI century -- a 90-ball 119 -- to guide India to a four-wicket victory over England.
Aditya Sarwate's unbeaten 66 anchored Kerala's strong reply as the visitors reached 131/3 at stumps on Day 2 of the Ranji Trophy final, after restricting hosts Vidarbha to 379.
Benefitting from the economic rebound, banks are expected to report a healthy bottom-line and asset quality profile in the quarter ended March 2023 (Q4FY23). The net profit of listed commercial banks is projected to grow by an average 43.6 per cent year-on-year (YoY) in Q4FY23 amid better net interest margins (NIMs) and declining credit costs. This is based on a combined assessment of analyst estimates for 17 banks on Bloomberg database.
If you disregard history and are ready to watch Kesari 2 purely as an entertainer, you are definitely going to enjoy it, feels Utkarsh Mishra.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Ratings agency Moody's said on Tuesday that it has cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable', citing the US indictment of chairman Gautam Adani and others on alleged bribery charges, while Fitch Ratings put some bonds of the conglomerate on negative watch. Moody's affirmed the ratings on all seven entities -- Adani Ports and Special Economic Zone Ltd, two limited restricted groups of Adani Green Energy Ltd, Adani Transmission Step-One Ltd, Adani Transportation Restricted group 1 (AESL RG1), Adani Electricity Mumbai Ltd and Adani International Container Terminal Pvt Ltd.
While GBP 50 million is earmarked for grassroots and recreational cricket, the 18 English county teams will get a share of GBP 470 million with larger pie allocated for those clubs that don't own a 'Hundred Franchise'.
RBI's interest rate decision, quarterly earnings and global cues would be the major driving factors for equity markets this week, analysts said adding that the impact of the Union Budget could linger on this week. Trading activity of foreign investors will also be a key driver for the markets, experts noted. "US and India's manufacturing PMI for January to be released on Monday, will be the key macro data to watch out for.
'The President-elect firmly believes we can avoid conflict with the Chinese Communist party because they need our markets.'
PM Modi proposed a USD one billion line of credit to promote projects that support physical and digital connectivity between India and ASEAN.
FC Goa secured a 2-1 victory over Odisha FC in the Indian Super League, climbing to second place in the standings.
'When you are taking on something which is this big in India, there are so many pressures about wanting to do justice to them, so I am still scared.'
At the end of the first day of play, it is the home side that is firmly in control, and India that is now reduced to chasing the game.
