Having issued over 21 lakh cards since lifting of curbs last year, the country's largest private sector lender HDFC Bank is planning to launch a slew of digital initiatives over the next few quarters, a top official said. The Reserve Bank had barred HDFC Bank from issuing new credit cards following incidents of outages in the lender's internet banking /mobile banking/ payment utilities over the previous two years. The curbs were partially lifted after eight months in August last year. Finally, in March 2022, the RBI lifted all restrictions placed on the bank, including digital launches.
The windfall taxes on domestic crude oil production and fuel exports will generate close to $12 billion (Rs 94,800 crore) for the government in the remainder of the current fiscal while trimming profits of firms such as Reliance Industries Ltd and ONGC, Moody's Investors Service said Tuesday. On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude oil. It has also mandated exporters to meet the requirements of the domestic market first.
JP Morgan has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over. Rising margin headwinds in the near-term and the revenue headwinds in the medium-term from a potential macro slowdown, Ankur Rudra and Bhavik Mehta of JP Morgan said in the report, will mean that the sector's earnings upgrade cycle is behind. "We see peak revenue growth behind us and earnings before interest and taxes (EBIT) margins trending down from inflation, mean revision.
Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday said India is not defending the rupee and the Reserve Bank of India is taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends. Nageswaran further said that the rupee is being managed in a manner that reflects the fundamentals of the economy. "India is not defending the rupee... I don't think Indian fundamentals are such that we need to defend the rupee. "The rupee can take care of itself," he said at an event in New Delhi.
It came as a surprise to all stakeholders - competing telecom companies (telcos), most analysts and even the government's internal projections on revenues from the 5G auctions. Reliance Jio disrupted all calculations by paying a stiff Rs 40,000 crore to buy 10 MHz of spectrum in the 700-MHz band, globally considered a key band for efficient 5G service coverage, along with the default 3.5 GHz band and the ultra-high speed and low-latency millimetre band of 26 GHz band. So what made Jio pay almost 45 per cent of its total spend in this auction for the 700 MHz band - much more than what it rustled up even for the 3.5 GHz band?
'This setback is only transient, and this too shall pass.'
'Being a working mom is no easy task.' 'There is constant judgement from society for leaving the children at home and going to work.' 'We are living in 2022 now and it is about time views on this matter change.'
India's manufacturing sector activities moderated in December but output remained in the growth territory, amid slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19 and inflationary pressures, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) eased to 55.5 in December, from November's ten-month high of 57.6. The December data pointed to a "substantial, albeit slower, rises in sales and output", the survey said, adding that the latest quarterly reading was at 56.3, its highest since the final quarter of fiscal year 2020/21.
One of the causes of rigorous hair fall is extensive over styling and hair treatments.
Expectations of not getting attention, time, love, care, and intimacy from their partner can make the marriage fail, alerts Sybil Shiddell, Country Manager India, Gleeden, a discreet extra marital dating Web site.
'For the first time a para-athlete has been chosen for the honour and I want to thank Prime Minister Narendra Modi. He has a vision for para-athletes and has taken care of their requirements.'
Despite unprecedented levels of uncertainty in Samvat 2077, investors have little to complain about on the returns front. The BSE Sensex delivered returns of 38 per cent in this period, while the Nifty registered a return of over 40 per cent. As is the case in bull markets, companies in the small- and mid-capitalisation basket outperformed the benchmarks, with returns almost twice those of frontliners.
There is zero chemistry between the two leads and nothing about the plot even suggests that much thought went into it.
Recycling in India fell by 22 per cent to 14 tonnes against 18 tonnes.
'There is no agenda when I do stand-up.' 'I am a professional comedian and have tickets for my show, so every penny should be worth it.'
The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.
'E-cigarette devices expose users to toxic metals like lead, arsenic, chromium and nickel,' warns Wellness Guru Roopashree Sharma.
In fact, India's investment activity growth is also estimated to touch a 17-year low in FY20. With overall demand not showing signs of revival, investment activity may take longer to recover, economists said.
Only those who stick to the old I-T regime will get this benefit.
If the central banks act harshly now, the markets will crash and then rally. If they are hesitant, the pain will be prolonged, predicts Debashis Basu.
Aseem Chhabra highlights 10 films that moved him, films that may show up in theatres near you.
It is not unlikely that ahead of the Lok Sabha elections, the BJP government comes up with more imaginative schemes aimed at constituency-building. The party under Modi's leadership has a more modern thinking in such matters unlike its rivals, which are still steeped only in ideology, points out N Sathiya Moorthy.
Venus Williams will miss the upcoming US Open due to an injury, becoming the third U.S. female after her sister Serena and Sofia Kenin to announce on Wednesday they would not take part in the final Grand Slam tournament of the year.
AC Milan need only draw at Sassuolo on Sunday to take home the Italian Serie A title for the first time in 11 years
Sukanya Verma had multiple migraines making sense of the utterly daft, warped and awful Ek Villain Returns.
Anil celebrates wedding anniversary... Tovino celebrates four years of Godha...
Deployed at 15,632 feet, Captain Shiva Chauhan, 25, highlights the calibre of the Indian Army's women officers.
Because it costs a shit-ton of money. Full disclosure: I won't accept a wedding ring that costs Rs 1L or less. But Rs 1L and more seems like a LOT of money. Enough for me to think about better ways to spend it. Stocks? Mutual Funds? SIPs? *GASP* NFTs and Crypto?
'My father lived on minimum money and helped others.' 'What was he to gain personally? No name, fame like a politician who work for votes.' 'His sort believe all humans deserve better lives.'
Fiscal deficit in first half of FY19 has already reached 95.3 per cent of full-year budget estimates.
'This has been both challenging and inspiring for me.'
If parenting becomes a mission to control children, then it is a red flag, warns Dr Aarti Bakshi.
There is a kind of audacious large-scale experimentation which is admirable, even if the novelty and potential of the idea are not fully realised, notes Deepa Gahlot.
Human Development -- a measure of a nation's health, education, and average income -- has declined for two years in a row.
'Think of the poorest retail investor before you decide to go for an IPO'
The survey, however, said that GDP is expected to revert to growth terrain next year, when it is likely to grow by 7.2 per cent.
Starting with the third quarter of financial year 2020-21 (Q3FY21), we have seen "unlock" trades at various times. Whenever lockdowns have been eased, traders have taken long positions in consumer-facing businesses. Let's look at the logic. Since March 2020, sectors like retail, personal vehicles, hospitality, aviation, fast-moving consumer goods (FMCG), multiplexes, etc., have been under severe pressure. As a result, there's been a low base effect. Every company in these spaces has suffered top line contraction. Many suffered losses, especially in the first half of FY21.
On a mission to visit the families of soldiers who have died in action, Vikas Manhas has met over 1,000 families whose loved ones made the supreme sacrifice for the country.
The Reserve Bank of India's (RBI) new rules for credit and debit cards came into effect from October 1. These include tokenisation, one-time password (OTP) for activation after 30 days, written permission for enhancement of credit limit, and greater clarity on interest calculation.
Indian companies are expecting generous tax incentives from the Union Budget that will help them invest more in building capacities in the coming years. While the productivity-linked incentives (PLIs) are a good start to spur local manufacturing, the government should also take steps to boost consumer demand, which is not showing encouraging signs, say chief executive officers (CEOs) of India Inc. Statistics released by the Reserve Bank of India (RBI) shows that Indian banks had sanctioned loans worth Rs 75,558 crore in 220 new projects - a record low - in the pandemic-hit financial year ending March 2021. This is not showing any signs of a significant pick up in the last nine months of the ongoing financial year.
