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Subscribe to enjoy similar stories. State Bank of India Ltd (SBI) has reported an impressive jump of 51% year-on-year (y-o-y) in its September quarter (Q2FY25) standalone pre-provisioning operating profit (PPoP) to ₹29,295 crore. But a closer look reveals that the results are not as strong.

Subscribe to enjoy similar stories. New Delhi: Foreign Direct Investment (FDI) equity inflows in the non-conventional energy sector surged in the first three of months of this financial year, making it the tenth-largest FDI destination of all time, underscoring rising global interest in India’s green energy initiatives.

Subscribe to enjoy similar stories. The National Financial Reporting Authority (NFRA) has kicked off an epic overhaul of the way auditors verify the truthfulness of corporate financial information, in a change of regime from the current system where auditing standards issued by Institute of Chartered Accountants of India (ICAI) are deemed to be final.

Subscribe to enjoy similar stories. Nations, businesses and civil society are set to discuss ways to tackle the climate crisis at yet another Conference of Parties to the UN Framework Convention on Climate Change, The 29th meet (COP29) is in Baku, Azerbaijan, on 11-14 November. Mint explains the agenda: The summit will discuss a climate finance deal for countries and communities to transition to clean energy and other low-carbon solutions.

Subscribe to enjoy similar stories. Higher government spending, and wedding and festival season uptick in sales could enable Nifty to notch the Street estimated earnings of ₹1,059 per share in the current fiscal. The real worry is the FY26 Nifty 50 EPS estimate of ~ ₹1,200-1,250, an 18% growth over that in FY24, which looks tough, given an estimated 5% earnings growth in the current fiscal, believes Nilesh Shah, managing director (MD) of Kotak Mahindra Asset Management Co.

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State Bank of India (SBI) has a 35-basis-point cushion on its benchmark marginal cost of funds-based lending rate (MCLR) that it can choose to pass on to borrowers if deposit rates harden further, Chairman CS Setty told analysts in a post-earnings call. One basis point is a hundredth of a percentage point. India's largest lender has hiked its MCLR by 30 basis points in the first half of this fiscal, responding to higher costs of deposits. The last hike by the bank was effective from October 15. The bank's one-year MCLR rate is currently at 8.95%. One basis point is 0.01 percentage point.

Reserve Bank of India (RBI) Governor Shaktikanta Das has said the October inflation print could exceed September's 5.5%, and odds have lengthened on a durable win against inflationary pressures after the Trump victory raised the likelihood of both higher US borrowing and consumer prices — a combination that limits headroom to lower rates more quickly in the world's biggest economy.

Indian aviation space will come down to just one from five in a span of over 17 years. Also, the merger-which will see Vistara's 49% owner Singapore Airlines holding 25.1% stake in Air India post the merger-will mark the sunset of another Indian airline jointly owned by an overseas carrier after the liberalisation of foreign direct investment norms. In 2012, Prime Minister Manmohan Singh-led UPA government allowed foreign airlines to buy up to 49% in a domestic carrier, which later resulted in the now defunct Jet Airways securing 24% stake from Gulf carrier Etihad besides the birth of AirAsia India and Vistara.

A year ago, sales had grown 15% while profit expanded 26%, indicating that P&G's growth rate halved amid falling demand in the Indian consumer goods market after the pandemic-induced boom. P&G India reported sales of ₹17,429 crore and net profit of ₹1,583 crore in FY24 across its four companies-pharmaceuticals firm P&G Health, shaving products maker Gillette, P&G Health & Hygiene and P&G Home Products. In India, P&G competes mostly with Unilever's local unit Hindustan Unilever (HUL), which is over three times its size.

HDFC Capital, the real estate private equity arm of HDFC Group, has formed a partnership with realty developer Runwal Enterprises to set up a platform for developing residential projects for affordable, mid-income and upper mid-income families. As per the terms of the pact, HDFC Capital will be investing more than '1,150 crore to support the development of sustainable housing projects in Mumbai. These projects will have an estimated revenue potential of more than $1 billion. «HDFC Capital is committed to forging long-term partnerships with leading developers like the Runwal Group, with a proven track record of development and delivery. Through this collaboration, we aim to address the growing demand for sustainable, high-quality homes for affordable and middle-income families in India,» Vipul Roongta, managing director and CEO, HDFC Capital, told ET.

Logan Paul and MrBeast arrived early Sunday morning, sending fans and paparazzi into a frenzy. Their presence in the entertainment capital was the talk of the town, as anticipation built not only around their work commitments but also their highly awaited brand launches. Their visit also attracted celebrities like Kareena Kapoor Khan, Genelia D’Souza, Saif Ali Khan and Malaika Arora.

Indian Hotels Company (IHCL) will be releasing a new 'strategic matrix' in the near future that will be more aggressive than the previous ones and accelerate the pace of growth from a high base, IHCL CEO Puneet Chhatwal told ET. Looking at the chain's last ten quarters, as well as the immediate visibility into the current and upcoming quarters, Chhatwal said he is 'confident' of the outlook. «It's notable that Q2 has surpassed Q1, a trend we don't typically see as Q2 usually dips. This has been an exceptional outcome, particularly considering that the previous quarter was impacted by elections held in extreme summer conditions,» he said. «The market guidance for double-digit growth is well within reach-and by double-digit, we aren't talking about 10%, it could well be 12%, 14%, or potentially higher,» he added. IHCL posted a consolidated net profit of ₹583 crore in the September quarter, an over-threefold increase from ₹179 crore a year earlier.

TA Associates will acquire the Bengaluru- and US-based revenue cycle management (RCM) services provider Vee Healthtek for $250 million (about ₹2,100 crore), said sources aware of the development. TA will own a significant majority stake, while the promoter — Chennai-based Valliappa family — will retain a minority stake, added sources. Vee Healthtek, owned by South India-based Sona Group, provides a range of services, including revenue cycle management, professional billing, and IT services to hospitals, health systems, pharmaceutical companies, and physician groups globally. The company boasts a workforce of 5,000 employees worldwide, and is expected to post $100 million in revenue in FY25.

KL Rahul it is all in the mind. Someone who has scored hundreds in South Africa, England and Australia obviously has the potential. If he could come back from injury and keep wickets as well as he did in the 2023 World Cup, there is little doubt he has the ability. His problem is he is periodically low on confidence. Ravi Shastri and Virat Kohli (as coach and captain) were able to get the best out of him from time to time. Then, Rohit Sharma and Rahul Dravid did the same. Now, it is on Rohit and Gautam Gambhir to give him the confidence to step up in Australia,” that was how former India wicketkeeper and later chief selector MSK Prasad summed up KL Rahul. This was just moments after Rahul was dismissed in the most bizarre manner in the second innings of the India A game at the Melbourne Cricket Ground. There were no real alarms in the 43 balls he played and it seemed he was getting set for a long innings. That’s when a delivery from off spinner Corey Rocchiccioli, which would have missed leg stump, was actually padded by Rahul towards the off stump after he offered no shot. It was a freakish dismissal but with Rahul such things seem to happen far too often. “He is more invested in being perfect than in scoring runs. It is a kind of obsession with him. The number of times he shadow bats, perfects his stance, practices getting behind the line of the ball, you know that he is trying to be as perfect as is humanly possible,” said one of the Duleep Trophy commentators.

HDFC Capital, the real estate private equity arm of HDFC Group, has entered a partnership with realty developer Runwal Enterprises to set up a platform focused on the development of residential projects for affordable, mid-income and upper mid-income families. As per the terms of the agreement, HDFC Capital will be investing over Rs 1,150 crore to support the development of multiple sustainable housing projects across the country’s commercial capital. The portfolio of projects to be developed through this partnership is estimated to generate a revenue potential over $1 billion.

YS Jagan Mohan Reddy on Sunday alleged that Chief Minister N Chandrababu Naidu will don many avatars to 'cheat' people and called the recent seaplane demo flight as one such. He alleged Naidu had been going around for two decades claiming that he had 'invented' cell phones and computers. «Chandrababu Naidu will conjure up tricks and con people to ultimately cheat them. To this end, he will don any number of avatars. The recent seaplane visit from Vijayawada to Srisailam was a similar one,» said Reddy in a post on X. According to the opposition leader, there is nothing new with the seaplane as they were being operated since 114 years while Kerala first started seaplane operations in 2013 in India but stalled them later.

Tan Sri Ananda Krishnan, one of Malaysia’s most influential and wealthiest individuals, has built an empire that spans multiple industries, from telecommunications to multimedia, with a net worth of ₴45,339 crore (US$5.8 billion). As the country’s fourth-richest person, according to Forbes, he is a name synonymous with strategic vision, entrepreneurial success, and philanthropy. Ananda Krishnan’s rise to prominence began with a consultancy firm, MAl Holdings Sdn Bhd, which helped shape his entrepreneurial career.

Maharashtra Congress President Nana Patole on Sunday suspended 16 rebel candidates of the party for six years. The suspended leaders include Anandrao Gedam, Sonal Kove, Abhilasha Gavature, Premsagar Ganvir, Ajay Lanjewar, Vilas Patil, Hanskumar Pandey, Kamal Vyavhare, Mohanrao Dandekar, Mangal Bhujbal, Manoj Sinde, Vijay Khadse, Shabir Khan, Avinash Lad, yajnavalkya jichkar, and Rajendra Mulak. This comes days after Congress leader Ramesh Chennithala had said all the party rebels contesting against the official candidates of the Maha Vikas Aghadi (MVA) had been suspended for the same time period.

Nathan McSweeney is all set to be veteran Usman Khawaja's opening partner for the highly anticipated Border-Gavaskar Trophy against India, solving the World Test Championship (WTC) title holder's highly-debated opening conundrum. Australia included uncapped batter Nathan McSweeney as the national side announced a 13-member squad for the much-awaited Border-Gavaskar Trophy 2024-25 against India for the opening Test of the five-match series in Perth. McSweeney won a bat-off for the opening slot among him, Sam Konstas and Australian veterans Marcus Harris and Cameron Bancroft during the recently concluded two-match unofficial Test series between Australia A and India A at home. He top-scored in the series with 166 runs in four innings at an average of 55.33, with best score of 88 in the first match at Mackay.

ballistic missile which would be able to hit moving warships or aircraft carriers at distances of over 1,000 kms. The ballistic missile is expected to be tested in the next few days by the Defence Research and Development Organisation, defence sources told ANI. The anti-ship ballistic missile would be capable of being launched from both warships and shore-based locations, the sources said.