Bandhan Bank has declared disappointing results for the first quarter of the 2023-24 financial year (Q1FY24). While the market has been braced for known issues around microfinance exposures in West Bengal and Assam, there is higher stress in the portfolio. This means higher credit costs and poorer asset quality, leading to target downgrades by analysts.
CM Stalin has a procedural problem. Nominating new ministers would entail his having to seek formal permission from governor R N Ravi. Stalin does not want to interact with the person of this governor, as far as possible, predicts N Sathiya Moorthy.
22 bodies, 13 from Kottayam district and 9 from Idukki were recovered from various rain-hit areas while National Disaster Response Force teams continued their rescue operations.
In the coming months, globally as well as in India, rice might remain a hot potato.
'We are talking about boosters these days. Booster vaccines, boosters for the economy. We read somewhere that the current budget is a booster for the nation's economy. But where is booster for the judiciary?' the high court asked.
Three more bodies were recovered from the National Thermal Power Corporation's flood-ravaged Tapovan-Vishnugad hydel project site on Saturday taking the toll in the February 7 glacial disaster in Uttarakhand to 65, officials said.
At least five states were hit by unseasonably powerful storms and tornadoes on Friday night, including Arkansas, Illinois, Kentucky, Missouri and Tennessee.
It was taken up for hearing after Pathan moved an application last month for pressing the bail plea "in view of the threats" faced by him in prison.
Search operation at the project site has been underway on a war footing basis for a fortnight since it bore the brunt of an avalanche triggered by a glacier burst over Rishi Ganga in Chamoli district on February 7.
China's GDP grew by 4.9 per cent in the third quarter, down from 7.9 per cent in the second, confirming the slowdown of the world's second-largest economy which was under pressure from the crisis-hit property sector, curbs on energy and tardy recovery from the Covid-19 pandemic.
The V-shaped rebound has been aided by a gush of liquidity flooding the global financial system, thanks to balance sheet expansion.
A fresh search operation involving multiple agencies and local divers was launched on Saturday morning.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
Kerala Tourism has drawn up God's Own Country 2.0 and the department is going all out to repair the state's image and infrastructure. Apart from being a damage control exercise, it is also an opportunity to reimagine the state as a tourism brand.
The incident is said to have occurred in the wee hours when a huge mound of earth fell on the 'row houses' and two children and five women were among the deceased, most of whom were plantation workers from neighbouring Tamil Nadu.
'There is still scope for selective stockpicking.'
Experts are of the opinion that though the second half of this financial year will see some recovery, volume growth is likely to remain in single digit as compared to the double-digit rise recorded in past years.
Around six lakh people have been housed in over 2000 relief camps in the two states.
The Swedish teen climate change campaigner said it is 'deeply unfair' that students are asked to appear in the tests during the pandemic.
Around 13 million people continue to battle "catastrophic" flooding and torrential rains in storm-ravaged Texas where Hurricane Harvey has wreaked havoc.
Prime Minister Oli did not attend the meeting of the 45-member Standing Committee, he said, adding that the next meeting of the top body of the NCP will be held a week later. The meeting took place after it was postponed seven times to allow Oli and Prachanda more time to sort out their differences.
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
At the devastated Tapovan power project site rescuers worked nonstop even as the odds of finding the trapped workers alive seemed slim.
'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.'
After the Kerala government declared the coronavirus outbreak as a 'state calamity', as the three positive cases were detected from Thrissur, Alapuzha and Kasaragod, tourism minister Kadakampally Surendran admitted that the sector had suffered a hit. The sector had aggressively launched promotional advertisements in the domestic and international markets after the floods to revive the sector. However, all the efforts took a beating, with mass cancellations of hotel bookings after the outbreak of the infection in the state was reported.
'Washington appears to be playing the long game, and making the argument to India that over the longer term, Russia -- sanctioned, cash-strapped, isolated by the West -- will no longer be a viable defence partner for India'
Mumbai recorded over 250 mm of rain in just three hours (between midnight and 3 am), touching 305 mm by 7 am on Sunday, a meteorologist said.
Thousands of emergency rescue teams officials remained on their toes, helping people affected by the deluge. Weather official said parts of state are expected to receive rainfall again.
Bowlers dominated the day with 16 wickets falling in the entire day.
'As I set course for the Helicopter Training School this morning,' notes IAF Helicopter Veteran Air Commodore Nitin Sathe, 'I bow my head in respect for the institution which made me the man I am.' 'I also salute the Chetak which taught me much more than flying.' 'Both these institutions, in their own right, justify the crest and motto of the School: Achievement through Knowledge.'
More than 1,85,000 homes were damaged and 9,000 destroyed as 42,000 people remain in shelters amid overflowing rivers and reservoirs, Texas officials said.
One Indian student has died after he nearly drowned in a swollen lake in Texas.
However, the estimates could change in the coming months, as full impact of excess rainfall and floods on the standing soybean and urad crops in central and western India in late August and September has not yet been fully taken into account.
That disasters affect corporates has been proven time and again, still most Western companies are not ready with necessary safeguards -- despite devastating events like 9/11, floods of 2005 and Hurricane Katrina, a study says.
Equity markets braved all odds this fiscal and rewarded investors with high returns as the benchmark Sensex surged more than 66 per cent despite COVID-led disruptions and concerns over its impact on the economy. Market analysts termed FY 2020-21 as a roller coaster ride for not only Indian markets but also for equity indices globally due to the pandemic. In an unprecedented come back, the 30-share BSE Sensex has jumped 19,540.01 points or 66.30 per cent so far this fiscal. This extraordinary rally holds significance as markets faced volatile trends this fiscal.
Megastar Amitabh Bachchan and his son Abhishek Bachchan on Saturday said they had tested positive for Covid-19 and been admitted to a Mumbai hospital.
More than 3,000 squads under health and local self-government departments have started the process of cleaning houses and public places, official sources said.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
Just as the United States east coast is limping back to recovery from the destruction caused by Sandy, another strong coastal storm threatens to hit the region this week and could result in high winds, flooding and power outages, further exacerbating the damage caused by the megastorm.
With the gradual opening up of shops, hotels, restaurants and catering services with limited number of participants, milk consumption has improved by 5-10 per cent from the lowest level.
