Rohit Sharma has taken a break after the World Test Championship final and hectic IPL 2023.
India's largest life insurer, Life Insurance Corporation of India (LIC) reported encouraging performance in the January-March quarter (Q4) of FY24. Total annual premium equivalent (APE) was at Rs 21,180 crore, up 10.7 per cent year-on-year (Y-o-Y), with group APE of Rs 3,890 crore, up 60 per cent Y-o-Y, though individual APE contracted 2.1 per cent Y-o-Y. The participatory book contracted 20.2 per cent Y-o-Y, but the non-par grew by 206 per cent to Rs 3,740 crore.
A fit again Wriddhiman Saha was named in the Rest of India squad that will take on first-time Ranji Trophy champions in the Irani Cup to be held in Mumbai from January 20-24.
Virat Kohli and Rohit Sharma, for the last decade and half, have complemented each other
Taking note of a plea of an Aam Aadmi Party councillor alleging wrongdoing in the polls, the court issued notices to the Chandigarh authorities, including the civic body.
The Reserve Bank of India's (RBI's) latest order on unsecured loans is set to hit the banking sector's growth in the near-term, cautioned analysts, as they see banks slowing down on aggressive retail lending. Besides, cost of funds for non-banking finance companies (NBFC) is expected to inch up as banks will pass on higher capital charge to NBFCs. "We believe the fallout of the RBI action will be mainly on growth, given the rising dependence on unsecured retail loans and lending to NBFCs for growth.
The corporate affairs ministry has asked its field officers to expedite the inspection of the books of Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the regional director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.
'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'
Khan also insisted on protecting 'Form 45' to guard the people's mandate and expressed confidence over his victory, saying, "no force can defeat an idea whose time has come."
The sharp jump in shares of Kalyan Jewellers (Kalyan) has surprised many on the Street; however, analysts believe more steam could be left in the stock as the Thrissur-based gold retailer pivots to a new asset-light network expansion model. Kalyan's stock has surged 62 per cent in the past month, even as the S&P BSE SmallCap Index has gained just 5 per cent. In its latest business update, the company said its consolidated sales grew more than consensus expectations at 31 per cent year-on-year, led by strong domestic sales regardless of the volatility in gold prices.
For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.
Qwik Supply, the third largest donor to political parities using electoral bonds, bought Rs 410 crore bonds between 2021-22 and 2023-24, and gave all but Rs 25 crore to the BJP.
HDFC Bank's January-March quarter result, which came in-line with expectations, failed to enthuse investors. The reason? The management's decision to abstain from providing any specific growth guidance, and analysts' expectations of an arduous road to recovery. Analysts believe the path to normalisation of several growth metrics is unlikely to be a straightforward one, and the road to balance sheet realignment may be long.
Captain Rohit Sharma wasted no time as he joined the team's training session on Tuesday ahead of the World Test Championship final against Australia next week.
Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
The Delhi high court-appointed observer Justice Mukul Mudgal on Saturday handed out a list of 'to-do' to the executive committee members of the Delhi and Districts Cricket Association (DDCA) with notable being 'free tickets for under-privileged school children' subject to approval from the Court.
Public sector banks (PSBs) have delivered significant outperformance over the past three years and the sector has been re-rated. Given the growth and profitability expectations of an 18 per cent return on equity (RoE) over FY24-26, there is still a case for buying at the current levels. While the net interest margins or NIMs may remain range-bound or have a downward bias, there's optimism about possibly better opex ratios and lower non-performing assets (NPAs), plus scope for further credit cost reduction, and healthy treasury performances as interest rates trend down.
Let's fix the system, end the abuses but make sure we recognise the role of immigrants in creating jobs: Khanna.
The burly Guyanese all-rounder turned on the beast mode to hammer four sixes and two fours in the final over off South African pacer Anrich Nortje to collect 32 runs
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.
Wushu athlete Mepung Lamgu has gone incommunicado since being denied visa to travel to China for the Asian Games.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Genset manufacturer Cummins India has seen its share price rise by 45 per cent in the past three months. The management has reaffirmed that growth would be in double digits over the coming two fiscal years. Growth is expected to be driven by a pickup in domestic infrastructure spending.
ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24. It reported 17 per cent year-on-year (YoY) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 per cent in FY23 to 103.3 per cent in FY24, 102.4 per cent in FY25 and 102.0 per cent in FY26.
10 high dividend paying stocks across sectors that are expected to maintain or even increase their pay-outs in FY23 thanks to faster earnings growth in the last four quarters.
Congress members Ami Bera, Pramila Jayapal, Ro Khanna, Raja Krishnamoorthi and Shri Thanedar released a joint statement after receiving a classified briefing from the Biden Administration on Gupta's indictment.
MI's captain began his IPL career as an off-spinning all-rounder -- he has 15 IPL wickets and a hat-trick for Deccan Chargers -- against the Mumbai Indians!
A delegation of Congress leaders met the Election Commission and handed over complaints against the prime minister, alleging that he has trampled upon and violated the model code and directions of the poll body.
The vibrant city of Bucharest, Romania, came alive as the B-FIT in the Street international festival took centrestage.
As much as Rs 47,810 crore was spent on share buybacks by 48 companies in 2023 -- the highest amount since 2017. This surge in value was largely driven by a few large-sized issues, including those by Tata Consultancy Services (Rs 17,000 crore), Larsen & Toubro (Rs 10,000 crore), and Wipro (Rs 12,000 crore). In 2022, 58 companies had repurchased shares worth Rs 38,305 crore, according to data from Prime Database.
'This team, what it has achieved, it has achieved under him and I just have to carry forward that. He is going to have his hand on my shoulders.'
Debashis Chatterjee speaks about the overall demand environment and company's strategy
US Congressman Ro Khanna's message is that instead of depending on the 'hidden hand' of capitalism -- that is to say, the power of markets -- it is time for policymakers to play a more active role in making sure that a wide range of towns become locations for digital economy enterprises and jobs, points out Ajit Balakrishnan.
While ARTEMIS may not be at the next FIFA World Cup, Hong's team will be unveiling its full soccer capabilities at RoboCup in Bordeaux, France, in July.
Moved by the youngster's stories and the emotions surrounding it, Rohit said he was "lost in their debuts".
Rohit enjoyed his time in the nets
The country's most valuable lender HDFC Bank can perhaps no longer claim to be a favourite of foreign portfolio investors (FPIs). Two data indicators, both somewhat interconnected, point to this - the diminishing premium of HDFC Bank's American depositary receipts (ADRs) compared to local shares, and the ample investment opportunities available to FPIs in the domestic market. The ADR premium has shrunk to below 5 per cent, down from over 30 per cent in March 2021, and even lower than recent levels.
Ahead of Team India's tour of Bangladesh, which begins on Sunday, December 4, and features a three-match ODI series and a two-Test series, Captain Rohit Sharma is training to get himself into the groove.
The Indian players reflected on their heartbreaking loss against Australia in Sunday's World Cup final.
