'Top lines will grow, volume growth will be there, but margins might also be impacted.'
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'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
Income of the bank during March quarter of the last financial year rose to Rs 76,027.51 crore from Rs 75,670.5 crore in the same period of 2018-19.
With Indian jewellery market already on the robust recovery path, the jewellers are expecting strong Diwali sales in the Dhanteras as the festive mood remains high with low Covid third wave possibility and softer gold price this season. The industry expects the trends in 2021 will be able to reach pre-covid level sales of 2019 on the back of gold price hovering at Rs 46,000-47,000 per 22 carat 10 grams gold nearly 5 per cent lower than 2020, and jump in number of weddings, a senior official of an industry body said. "Since Navratri market is showing demand. It will continue on Dhanteras also.
The output of eight core sectors declined by 4.6 per cent in February, the steepest contraction in the last six months which experts said could drag the overall industrial production in the month into the negative territory. All the key segments, including coal, crude oil, natural gas, and refinery products, witnessed a decline in production, according to the official data released on Wednesday. The growth rate of the eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- stood at 6.4 per cent in February 2020. Last time in August 2020, the sectors had recorded a negative growth of 6.9 per cent.
Improving economic sentiment, enabling policies and growth in key emerging sectors may help attract 30 per cent more private equity funds at $6 billion in the realty sector next year compared to 2020, says a report. PE investments into the realty space is expected to dropped to $4.6 billion in 2020 due to decline in the overall economic activity hit by the pandemic-driven lockdowns, according to a report by global property consultancy Savills India. The next wave of investments will be driven by warehousing, affordable housing and data centres apart from commercial office which will continue to see steady improvement, says the report.
The country's largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts. These customers will also be levied charges for cheque book beyond 10 leaves in a year. As per the revision in service charges for BSBD accounts, State Bank of India (SBI) will levy charges ranging from Rs 15 to Rs 75 for the "additional value added services" with effect from July 1, 2021.
Inflation has reappeared as a global issue in both advanced and emerging economies and India needs to be wary of "imported inflation", especially due to high oil prices, according to the Economic Survey 2021-22 released on Monday. "Inflation has reappeared as a global issue in both advanced and emerging economies. "India's Consumer Price Index inflation stood at 5.6 per cent YoY in December 2021 which is within the targeted tolerance band," the survey report presented in the Parliament by Finance Minister Nirmala Sitharaman noted.
Private equity major Carlyle group on Friday sold shares worth over Rs 4,800 crore in SBI Cards and Payment Services and its nominee stepped down from the company's board. CA Rover Holdings (CARH), a subsidiary of Carlyle group, offloaded more than 4.7 crore shares of SBI Cards and Payment Services Ltd (SBI Card) worth about Rs 4,811 crore through open market transactions on BSE and NSE. With the latest sale of shares, the group's shareholding in the company fell below 10 per cent, following which its nominee director on SBI Card's board -- Sunil Kaul -- stepped down.
'RBI is already late in addressing inflation pressures.'
The farmers' agitation against new agri laws will lead to economic loss of over Rs 70,000 crore in the December quarter owing to supply chain disruptions, particularly in Punjab, Haryana and border areas of Delhi, the PHD Chamber of Commerce and Industry said on Thursday. The chamber's president Sanjay Aggarwal said "the 36 days farm agitation so far will have more than Rs 70,000 crore economic loss in the Q3 FY 2020-21 due to...disruption in supply chains and day-to-day economic activities particularly in the progressive states of Punjab and Haryana and border areas of national capital Delhi."
Just a few weeks ago, Communications Minister Ashwini Vaishnaw did some tough talking with the senior managers of Bharat Sanchar Nigam Ltd, the ailing state-owned telecom service provider. The message was clear: They had to perform, quit by taking the voluntary retirement package or be compulsorily retired from service. The terse message from an otherwise polite and soft-spoken minister came just days after he announced a second and bigger package of Rs 1.64 trillion as part of a four-year turnaround plan for BSNL.
Amid a controversy over the rejection of West Bengal's tableau for the Republic Day parade themed on Netaji Subhas Chandra Bose and his Indian National Army, his daughter Anita Bose Pfaff said on Monday the legendary freedom fighter's legacy has often been 'partly exploited' for political reasons.
'The China opportunity, the digital opportunity and the end of geography opportunity are the three pieces of luck India got due to Covid.'
With the arrival of the second Covid wave in April, the numbers fell by almost 50 per cent.
Euphoric scenes were witnessed when Pope Francis declared Mother Teresa a saint.
Given the economic trends, it might make sense to allocate some savings to gold.
Care comes from a place of 'What is good for my child's development?' Care is a long-term view of the child's flourishing in life. Care is a sacred activity and it begins at home.
The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official has said. BSNL chairman and managing director PK Purwar at a recent event organised by the All India Graduate Engineers and Telecom officers Association (AIGETOA) said that the government is giving the telecom firm an opportunity for a turnaround. "The government has taken a policy decision that BBNL is going to be merged into BSNL. "This means all work of BBNL at the pan-India level is going to come to BSNL," Purwar said at the All India Conference of AIGETOA on March 13.
West Bengal Chief Minister Mamata Banerjee Thursday came down heavily on the Centre for alleged "politically motivated" questions asked at the CAPF (central armed police force) recruitment examination and said it proved that BJP has politicised the central forces to serve its political interests.
Retail inflation inched up to 4.48 per cent in October due to an uptick in food prices, government data showed on Friday. The Consumer Price Index (CPI) based inflation was at 4.35 per cent in September and 7.61 per cent in October 2020.
India's fuel sales fell in the first half of April as a record rise in prices in a short 16-day period dented demand, preliminary industry data showed on Saturday. Petrol sales fell almost 10 per cent in the first half of April when compared with the same period in the preceding month, while diesel demand slid 15.6 per cent. Even cooking gas LPG, which had consistently shown growth even during the pandemic period, saw a 1.7 per cent month-on-month fall in consumption during April 1-15.
Coal shortage crisis at thermal power projects does not seem to abate very soon as the number of non-pit head plants with less than four days of dry fuel stock (supercritical stock) has increased to 70 this Sunday compared to 64 a week ago on October 3, as per government data. According to the latest coal stock data of the 135 plants with over 165 GW of installed generation capacity monitored by the Central Electricity Authority (CEA), as many 70 plants are categorised as supercritical stock or having less than four days of fuel on October 10, 2021, compared to 64 a week ago on October 3, 2021. The data also showed that the number of non-pit head plants having less than seven days of fuel (critical stock) has also increased to 26 on Sunday from 25 such projects a week ago on October 3, 2021.
RBI in its policy review last month kept interest rates unchanged and said it sees an upside risk to inflation.
A security guard posted at the Station Road branch of Bank of Baroda in Bareilly on Friday allegedly opened fire at a customer who was trying to force his way inside without a mask, the police said.
Retail prices of three pulses -- tur, moong dal and urad -- are on a declining trend after the government took coordinated actions with state governments to check hoarding, the Food and Consumer Affairs Ministry said on Friday. "The upward pressure on retail prices of tur, moong dal and urad has stabilized in 2021 and is on a stable or declining trend," it said in a statement. According to the ministry, the average increase in prices of these three pulses during April to June 16, 2021 was 0.95 per cent as compared with previous three months (January-March, 2021).
India always faces a Hobson's choice as far as feeding coal-fired generators goes - even if the government is reluctant to admit it. The country cannot do without shipping in the world's most polluting fuel from overseas. And it will continue to do so unless it decides to reduce demand by forcing citizens, farmers and businesses to live without electricity for part of the day, or use diesel generators to fire facilities.
As Unlock 4.0 commenced on Tuesday, most of the states further eased the coronavirus-induced restrictions on the movement of people and functioning of commercial establishments like bars and hotels with mandatory COVID-19 precautions. After remaining closed for more than five months, bars and restaurants opened in states like Goa, Karnataka and Tamil Nadu. The Centre had allowed reopening of bars under the Unlock 4 guidelines.
Hasty, ill-conceived steps show how isolated Mamata Banerjee had been from the national political trend. A fascinating excerpt from Sugato Hazra's Losing The Plot: Political Isolation Of West Bengal.
Since, the administrative functioning majorly happens at Club House, adjacent blocks (B, C, D, K and L) would not be used for it, allowing the association to use them for conducting its activities for its administrative works.
Durga Puja, the festival that honours goddess Durga and celebrates her victory over the mythological demon named Mahishasura, kickstarts on Sunday.
This is the first time India is offering coalmines to private companies for commercial sale.
These are untied loans, meaning SBI has freedom to use this money to lend. They also do not come with any conditions attached for lending to specific projects or programmes.
Gerd Mueller netted 68 goals in 62 internationals, including the winner in the 1974 World Cup final, and is third in the all-time list of most goals in the global showpiece tournament with 14, behind Brazilian Ronaldo (15) and German Miroslav Klose (16).
'He made me feel like a crorepati even without sitting in the hot seat.'
The daily positivity rate was recorded at 2.04 per cent. It has been below 3 per cent for the last 19 days. The weekly positivity rate was recorded at 2.13 per cent, according to the health ministry.
Paytm CEO Vijay Shekhar Sharma said on Wednesday that the company's share market performance has been in line with that of global peers in the sector over the past six months due to macroeconomic factors. "Macro factors like quantitative easing, free money due to US monetary policy and other parameters led to a spook in the market in terms of pricing the IPO. "Paytm's shares have received a similar response to that of global peers in the last six months...But that is not a complete reasoning.
The biggest headwind to the consumption story in FY23 is a sharp decline in government subsidies on food, fertiliser and fuel, and overall decline in revenue expenditure net of interest payments. This, analysts say, will adversely impact purchasing power of households at the lower end of the income pyramid, translating into lower spending on consumer goods and services.
West Bengal Chief Minister Mamata Banerjee said on Thursday that at least 72 people have died due to Cyclone Amphan and urged Prime Minister Narendra Modi to visit the affected districts and provide help to 'rebuild those areas from scratch'
