Weakness in HDFC Bank's net interest margin (NIM) might have bottomed out in the July-September quarter (Q2-FY24), analysts said on Tuesday, as most of the merger-related one-time adjustments have been done. The bank, they believe, should be able to grow from here on, allowing the stock to reverse its underperformance. "The weak NIM print was not unexpected given the merger and regulatory impact caused by the incremental cash reserve ratio (ICRR; 5-10 bps for the quarter).
'We've got a huge track record and success in bringing several biosimilars to the market.'
'This is what happens to a party when it gets trapped in the vicious circle of nepotism and dynastic politics'
The International Financial Services Centres Authority (IFSCA) has proposed key exemptions to the current listing framework and measures for setting up holding companies (holdcos) and special purpose acquisition companies (SPACs) to encourage domestic startups list at GIFT City, the country's only international financial services centre (IFSC). Under the current framework, to be eligible to list on IFSC exchanges, an issuing company should have operating revenue of at least $20 million in the preceding financial year and average pre-tax profits of at least $1 million during the preceding three financial years. An expert committee has noted these conditions have acted as hurdles to listing new-age companies, and they need a relook.
The jury is still out on Chhatriwali's flimsy public service, but Rakul sure passes the quality check, applauds Sukanya Verma.
This shift is driven by a pursuit of a superior lifestyle and an innate desire to be grounded in an owned plot of land. Villas, situated within gated housing societies, have gained popularity as a property type, witnessing strong traction due to elevated aspirations and the need for more living space.
Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.
While the country's unemployment rate is falling, the quality of employment seems to have taken a hit. The pace of formalisation slowed in the five months of the current financial year (April-August) with more than half a million fewer formal jobs created in the period compared to the same period last year, according to data from the Employees' Provident Fund Organisation (EPFO). The payroll data showed that cumulatively 4.92 million new subscribers joined the social security organisation between April-August this year, compared to 5.51 million subscribers in the same period in the previous year, reflecting a 10.7 per cent decline in the number of new payrolls created.
The relationship between the US and India has been very productive, in particular on the trade and technology front, and 2023 can be considered the best year historically for bilateral ties, according to a former top American trade official. Arun Kumar, an Indian-American, who served as the assistant secretary of Commerce for Global Markets and director general of the US and Foreign Commercial Service (USFCS) during the Obama administration, said this during an interview with PTI in Washington. "Looking back on 2023, it was a very productive year for the US-India relationship, by many accounts the best year historically," he said.
India's hopes of winning a gold from the tennis courts is still alive with the mixed team reaching the title clash
'We want to make sustainability affordable.' 'We tell everyone, don't just recycle, Craste it!'
The study said fine particulate air pollution (PM2.5) shortens an average Indian's life expectancy by 5.3 years, relative to what it would be if the 5 g/m3 pollution limit set by (WHO) was met.
The former teacher at the edtech firm shared with his students that his job has been terminated.
Drug major Cipla on Tuesday said it has launched drone-powered deliveries of critical medicines - cardiac, respiratory and other essential chronic therapies - to hospitals and pharmacies across Himachal Pradesh in partnership with Skype Air Mobility, a Gurugram-based drone delivery company. Cipla is the first among large Indian pharmaceutical companies to adopt drone-based deliveries to facilitate expedited supply to stockists in remote areas, it claimed. The Mumbai-based firm said the use of drones will support the on-time delivery of its medicines to chemists and clinics in remote areas, and minimise risks of affecting cold chain products due to temperature excursions.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
The minister said under the agreement between the Airports Authority of India and the joint venture companies -- Delhi International Airport Limited and Mumbai International Airport Limited -- 'the target rating after completion of the stage 2 shall be 3.75 on the scale of five.'The stage II of development of the Delhi airport is expected to be completed by 2016. Patel added the two companies had undertaken several initiatives to improve the satisfaction levels of customers.
Wipro is betting on artificial intelligence (AI) and Cloud computing to earn more from its biggest contributor - the banking, financial services & insurance (BFSI) sector - which brought in 35 per cent of the revenue in FY23. The Bengaluru-headquartered firm also expects its consultancy arm Capco to aid in its vision. "Over the past few years, we have made significant investments in the BFSI sector and have improved our talent, capabilities, and processes in this space - both through organic investments and with the addition of Capco," Suzanne Dann, Wipro's chief executive officer for Americas 2 said.
The virus was detected in Aedes aegypti mosquitoes after samples from six water bodies in Chikkaballapura were collected and sent for examination.
Ronaldo said the quality of the Saudi competition had improved even in his short time in it.
"But I am not talking about any competition -- about more than them, less than them," the RSS chief added quickly.
The Bombay high court in its judgment granting bail to activist Gautam Navlakha, an accused in the Elgar Parishad-Maoist links case, has noted that there was no material on record to infer prima facie that he conspired to or committed any terrorist act.
It is when one looks away from the immediate song and dance and at the granular detail of what has been going on since 2014 that one realises what the quality and competence of thinking and execution is in this project we call New India, asserts Aakar Patel.
Homegrown start-ups like UrbanClap and AtHomeDiva will now have to compete with the global e-commerce giant. Anita Babu reports.
Poor earnings show in the September quarter (Q2FY24), with hints of likely weakness in asset quality going ahead, forced analysts to cut earnings estimates of SBI Cards and Payment Services (SBI Card). On the bourses, shares of the State bank of India arm tumbled 7.4 per cent to Rs 732 apiece on the BSE in the intraday trade as investors factord in near-term concerns. Analysts at Motilal Oswal Financial Services, for instance, slashed SBI Card earnings by 8 per cent and 10 per cent for FY24 and FY25, respectively, as they expect the company to face pesistent magin pressure.
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
Ailing telecom operator Vodafone Idea has flagged the industry's "unsustainable financial duress" in its latest annual report and hoped that the government would provide the necessary support to address "all structural issues" faced by the sector. In the chairman's letter to shareholders, Himanshu Kapania cited persistent challenges in the operating environment, amid "unsustainable pricing" and "hyper-competition" during FY21. Kapania expressed hope that government will support efforts to generate reasonable returns on massive investments.
5G ambulances will not just allow remote consultation, but would also be able to transit data and video to hospitals in real time, saving precious time for critical patients. 5G technology would also support the development of new educational applications, improve agriculture productivity, and aid search and rescue missions with high resolution cameras in disaster recovery zones.
World No 1 Iga Swiatek overcame a strong early challenge from former champion Sofia Kenin to reach the second round of the Australian Open
Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.
A Collection of Services Trade Statistics Act is being thought of.
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
The government is "extremely disappointed" with the latest report of the Moody's rating agency on India's economic outlook. The report, a senior government official said, was highly contradictory and called the rating agency's credibility into question. Referring to the Moody's statement that "India's fiscal strength remains a key weakness in the sovereign credit profile...", the official remarked: "How can my strength be my weakness? Moreover, they are unwilling to have a like-to-like comparison with India."
Modi asked bureaucrats to imagine whether or not their life has become "robotic". "If it has happened than this impacts the whole government and system. We can't be robotic. That can't be our life," the prime minister said during an hour-long interaction with civil servants at the 9th Civil Services Day function at Vigyan Bhawan.
The Union Budget on Wednesday outlined several initiatives to drive India's technology agenda and boost digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.
After sales service is the key for consumers to buy a car in India. For some people, it can even be a deal breaker. Let's take a look at the companies that have the best authorised service centres.
rediffGURU Ulhas Joshi recommends five factors you need to look at to evaluate the performance of two schemes.
'They can transition from short to long-duration funds when the yield curve normalises.'
Once one of the best bus services in the country, the Bombay Electric Supply & Transport company has regressed into a loss-making, lumbering giant that clearly is not interested in serving the Mumbai long-suffering commuter, says Mahesh Vijapurkar.
Are you looking to transform your health game? Dr Chetan Savaliya, director, Satvam Nutrition, has some tips for you.
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
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