India Financial News

HDFC Bank informed exchanges on Thursday. The country’s largest private bank said that the figures for the period ended June 30, 2024 and March 31, 2024 included the operations of the former HDFC Limited and hence were not comparable with those of the corresponding period of the previous year. In the first quarter of the current fiscal year, HDFC Bank’s retail loans grew by around Rs 18,600 crore, commercial and rural banking loans grew by Rs 7200 crore while corporate and other wholesale loans declined by Rs 26,600 crore, the lender said.

Tata Consultancy Services (TCS) will announce its results on Thursday along with 16 other companies. Some of the marquee results to watch out for on Thursday include that of Akme Fintrade, Anand Rathi Wealth, Vivid Mercantile, DRC Systems, RO Jewels, SM Auto Stamping, Shree Jayalakshmi, Stellant Securities, GNA Axles, GTPL Hathway, Amal Ltd, Marble City India among others.

Info Edge (India) Ltd. fell 2.89 per cent to Rs 6747.55 at 02:10PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 10,395 shares with a turnover of Rs 7.02 crore till 02:10PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 151.67, while the price-to-book value ratio stood at 2.39.

Supreme Court judge Justice Sanjay Karol has said the construction of dams on the Sutlej has turned the trans-Himalayan river into a rivulet, altering the entire ecosystem and eco chain. Speaking at the launch of a book titled «Climate Change: The Policy, Law and Practice» by lawyer Jatinder (Jay) Cheema on Friday, Justice Karol also highlighted that climate change is heavily impacting the agriculture sector in the country. The Supreme Court judge noted that stretches of certain rivers are drying up due to rising temperatures and human activity. «The only trans-Himalayan river in India, the Sutlej, has turned into a rivulet because of the construction of several dams, changing the entire ecosystem and eco chain,» he said.

Team India Arrival Live Updates: T20 World Champions to meet PM Modi soon; Rohit, Risabh, Suryakumar Yadav dance to dholIndian cricket team having arrived back in India on Thursday morning, is scheduled to participate in an open bus road show. Subsequently, they will be honored at a felicitation ceremony to be held at the Wankhede Stadium in south Mumbai, as reported by PTI.The victory procession will be held between 5 and 7 pm from Nariman Point to the Wankhede Stadium, the official said on Wednesday.Also Read: Why Team India was flown cancelling a scheduled regular flight? DGCA rebukes Air India, seeks report“As a large number of people are expected to gather for the event, police are taking utmost precaution to avoid any untoward incident," he said.“Adequate security is being deployed at the Marine Drive between Nariman Point and Wankhede Stadium," the official said.The T20 World Cup-winning Indian cricket team arrived in New Delhi from Barbados on Thursday aboard a specially-arranged charter flight with scores of fans lining up outside the airport in the national capital to welcome the players despite a steady drizzle and heavy security deployment that kept them at a distance from their heroes.

A fresh circular from the Securities and Exchange Board of India (Sebi) seems to have sent discount brokers into a tizzy. Zerodha co-founder Nithin Kamath said the company may have to reconsider its zero-brokerage model, or even increase brokerage fees for trades in the futures and options (F&O) segment, after Sebi’s directive that all market infrastructure institutions, including stock exchanges, must charge members a uniform fee unlinked to trading volumes.

The spectacular success of large language models such as ChatGPT has helped fuel this growth in energy demand.

Zerodha users on Monday took to social media to complain about tech glitches related to placed orders. While the broker updated that the glitch has been fixed, investors expressed their anger on social media. “10 lakh lost due to Zerodha. 9.15 orders executed 1.5 hours later. Zerodha, what the hell. This is money we earned by hard work. I want my money back and going to court,” said a user.

EEPC India has suggested restoring the interest subvention to 3% for the specified 410 tariff lines besides raising the subvention rate to 5% for MSME manufacturers exporting under any tariff line. «Considering the rise in the repo rate from 4.4% to 6.5%, we have requested to restore the interest subvention rate to 3% for the specified 410 tariff lines. We also requested that for Micro, Small, and Medium Enterprises (MSME) manufacturers exporting under any tariff line, the interest subvention rate be increased to 5%. Merchant exporters have low-profit margins, and the cost of credit affects their viability significantly. Therefore, we have requested to extend the Interest Equalisation Scheme to merchant exporters with a 3% subvention rate,» EEPC India chairman Arun Kumar Garodia said. According to Trade Notice No 07/ 2024-25, the Interest Equalization Scheme has been extended for two months but only for MSMEs. It also says that the claims from non-MSME exporters will not be accepted beyond 30th June 2024.

Lok Sabha, saying that he mentioned "tumse na ho payega" in his speech when 140 crore Indians had told his government the same thing in the just-concluded general election. Prime Minister Modi mounted a stinging counterattack on Leader of Opposition Rahul Gandhi as he mocked him as «balak buddhi» (childish mind), accusing him of linking Hindus with violence and making false claims in Lok Sabha. Modi also sought stringent action against Gandhi to protect parliamentary democracy. Replying to nearly 18-hour long discussion on the Motion of Thanks on the President's Address in the Lower House, Modi said the Congress and its «ecosystem» are working day and night to impress upon people that the BJP-led NDA has been defeated in the elections despite voters handing his government a historic third-term for stability and continuity. Congress president Mallikarjun Kharge slammed Modi for calling the party «parasite» and claimed that the prime minister had used the term for farmers as well in 2021.

credit cards, and the latest data on delinquencies and expenditures showed they remain relative stragglers in a revenue stream dominated by privately owned banks. But, at the same time, the state-run players are learning the tricks of the trade — and have a very limited value at risk. For PSU banks, non-performing assets (NPAs) of credit cards outstanding are the highest among all retail sub-sectors — at 11.3% — as of March 2024. The comparative figure is about 2% for private sector and foreign banks, Reserve Bank of India data showed.

worldcup winning team.A cake has been prepared in the colours of Team India jersey and topped with the T20 trophy recreated in chocolate.Executive chef at ITC Maurya, Chef Shivneet Pahoja, told news agency ANI its a tribute to the World Cup winning team“The cake is in the colour of the Team's jersey. Its highlight is this trophy, it may look like an actual trophy but this is made out of chocolate...This is our welcome to the winning team...We have arranged the breakfast in the special venue and we will offer them a special breakfast.." he said.

Madras Fertilizers Ltd.(up 8.43%), National Fertilizers Ltd.(up 4.07%), Mangalore Chemicals & Fertilizers Ltd.(up 2.20%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.37%), Rama Phosphates Ltd.(up 1.06%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.05%), Madhya Bharat Agro Products Ltd.(up 0.66%), Zuari Agro Chemicals Ltd.(up 0.46%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.29%) and Aries Agro Ltd.(up 0.07%) stood among the top gainers.

revenue secretary Sanjay Malhotra will initiate the process of selection and appointment of judicial and technical members for the Goods and Services Tax Appellate Tribunal (GSTAT) after the presentation of the budget, officials said. The central government is aiming to make the tribunal functional by the end of November and has already initiated the process of shifting anti-profiteering cases to the GSTAT principal bench from the Competition Commission of India (CCI). «We are putting all efforts to make the principal bench operational by the end of November and the process of selection and appointment will start immediately after the budget,» a senior government official told ET. Separately, a technical team is working on a dedicated online portal for electronic filing of appeals, officials said, adding that the portal will be ready by September.

Much of north India has witnessed an intense heatwave in recent weeks, with several heatstroke-related deaths being reported. Monsoon rains could not have arrived any sooner. The effects of air pollution and climate change on human health are profound and increasingly palpable.

Riyadh: Ace Indian cueist Pankaj Advani fell short in his quest to secure a hat-trick of titles, losing 2-5 to compatriot Dhruv Sitwala in the final of the 2024 Asian Billiards Championship here on Saturday. Dhruv set the tone for the match with an impressive start, scoring 103 points, while Advani struggled to get on the board, finishing with no points. Advani managed to improve his game, scoring 36 points, but Dhruv maintained his dominance with another 100. Advani found his rhythm in the third frame and outplayed Dhruv, achieving a remarkable 101. Dhruv, however, had an off-frame, scoring only two points. Advani continued his momentum and scored a perfect 100, while Dhruv managed only 11 points. Dhruv's consistency shone through as he scored 100 again.

hybrid cloud, which combines private cloud (on-premises data centre) with public cloud. Hybrid cloud helps in cost reduction, supports remote work and creates workplace efficiency. US-based IT firm Hewlett Packard Enterprise (HPE) has come up with various solutions around the hybrid cloud for Indian SMEs. Bhawna Agarwal, Country Head-Strategy & Growth, Hewlett Packard Enterprise, India, says that SMBs are increasingly prioritising high-performance cloud computing solutions that can handle intensive workloads efficiently and reliably. Secondly, there is a growing emphasis on the rapid deployment of cloud computing services. “SMBs seek solutions that can be quickly implemented and operationalised to adapt swiftly to market changes and business needs. Additionally, SMBs place a high value on security and data privacy in cloud solutions,” she says.

₹11.5 trillion, or 4.3% of the 2022-23 GDP, over the seven-year period. India’s informal sector consists of a vast network of small businesses, street vendors, and independent workers, operating outside the formal legal framework, and their sheer size—three-fourths of the workforce—means they play a critical role in job creation. The latest survey covered 458,938 informal sector enterprises between October 2022 and September 2023.

same is shared by The Board of Control for Cricket in India (BCCI) on its official social media handle X.Fans turned up in huge numbers, danced to celebrate India's success and welcomed the arrival of the T20 World Cup-winning team during the victory parade. Not just this, Wankhede stadium was too filled with fans to meet the World Champions.Yesterday, after a 16-hour long flight, Team India first started their day with breakfast at ITC Maurya, then headed to meet Prime Minister Narendra Modi. PM Modi interacted with the them at his residence.

Hum Saath Saath Hain. “Growing up, I never had any ambition to pursue entrepreneurship. One didn’t even know what such a life entailed.

Titan Ltd registered 9% year-on-year growth in its business for the first quarter ended June 2024. The company had added a total of 61 stores during the reporting period, taking the company's total retail presence to 3,096 stores. Segment wise, jewellery domestic operations rose 8% year-on-year. The company said the week of Akshaya Tritiya witnessed double-digit growth compared to the same period last year.