Booking Financial News

MUMBAI : State Bank of India (SBI) on Thursday expressed confidence in growing its credit book by 14-16% in the current fiscal year, reflecting the general optimism around domestic growth, after delivering stellar results for the March quarter and FY24. “Once again, we have delivered excellent numbers," chairman Dinesh Khara told media persons after announcing the bank’s financial results on Thursday. “Our net profit for the fiscal year FY24 is the highest ever." However, India’s largest lender’s projected deposit growth of 12-13% for FY25 would continue to lag its expected growth in credit, a phenomenon plaguing the entire banking industry.

shares tumbled more than 6% in early trading on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat. The Easter holiday occurring in the first quarter rather than the second and currency-exchange impacts were partly to blame for Airbnb projecting current-quarter revenue below lofty Wall Street estimates.

Hindustan Times. Her resignation comes days after Noelia Voigt resigned as Miss USA. “After months of grappling with this decision, I have made the choice to resign from the title of Miss Teen USA 2023," wrote Srivastava in a statement on her personal Instagram account. ALSO READ: 'Not only physical beauty...': 60-year-old lawyer makes history, wins Miss Universe Buenos Aires “I look forward to the rest of the year as I finish 11th grade as part of the National Honor Society and start the college application process, knowing that my academic career has been defined by my hard work, and my hard work alone," she added.

ride-hailing feature is currently in testing on the Paytm app and is accessible to a limited number of users. In recent years, Paytm has gradually expanded its presence on ONDC, launching services in various e-commerce sectors, including food delivery, grocery, fashion, and electronics. The report adds that an insider with knowledge of the project stated that extensive software testing and integration are required before each rollout.

order inflow growth at 31% year-on-year in FY24 was ahead of its 20% growth guidance. This provides robust execution visibility. While order inflows in the March quarter at Rs56,050 crore fell 8% year-on-year, led by a fall in domestic orders due to the ongoing elections, the order book at ₹4.8 trillion was at a record high.

Jewellers are expecting Akshaya Tritiya sales to pick up as the prices of gold have softened a bit from Rs 73,000 per 10 gm level and are currently hovering around Rs 71,650 per 10 gm. Demand for everyday wear diamond jewellery as well as solitaires is also set to pick up, the trade expects.

Mint. In light of the general elections in 2024, the company undertook a similar approach during FY24, as it focused on achieving the maximum output during the first nine months. It had secured around 75% of its order inflow for FY24 during the first three quarters, Raman said.

IPO) of Jamnagar-based Winsol Engineering has received bumper response from investors with an overall subscription of 460 times on the last day of the bidding process. The issue received bids for over 100 crore shares as against just 22 lakh shares on offer.

Uber has more than 1 million drivers in India, chief executive Dara Khosrowshahi said during the ride-hailing platform’s March-quarter earnings call. India is the third country behind the US and Brazil to reach the 1-million-driver mark.

IPO) of TBO Tek sailed through on the second day of the bidding process, driven by strong interest from retail and non-institutional investors. The issue closes on Friday. The categories reserved for retail and NII investors were fully booked, while that of QIBs was subscribed only 3%.

PNB Q4 results 2024: The Punjab National Bank (PNB) has declared its standalone quarterly results for the fourth quarter of the previous financial year. In a significant display of financial growth, the PSU bank reported a net profit of ₹3,010.27 crore, marking a substantial YoY rise of nearly 160 percent against the net profit of ₹crore in Q4FY23. On a QoQ basis, PNB reported a net rise of around 35 percent in its net profit, which stood at ₹2,222.81 crore in Q3FY24.

₹131 to ₹138 per share. The IPO lot size for Energy Mission Machineries is 1,000 shares. The firm provides metal fabrication solutions to the industrial sector by designing and manufacturing CNC, NC, and traditional metal forming equipment.

Marico and Dabur have jumped over 10 per cent each over the last month, while shares of Godrej Consumer Products, Britannia Industries, United Breweries and United Spirits have jumped 5-4 per cent since last month. After three consecutive sessions of gains, the Nifty FMCG index fell over a per cent in the morning trade on Thursday, May 9, on account of profit booking amid prevailing concerns over higher interest rates, sticky inflation and caution ahead of the general election outcome. Experts remain optimistic about the FMCG space as they pin hopes on revival of rural demand.

By Melanie Greenberg (2016) 1. Stress is a natural part of life. Unfortunately, many people don’t know how to deal with it or appreciate the toll it can take.

Stock market today: The Indian stock market continues to remain under the sell-off heat for the fifth straight session on Thursday. The Nifty 50 index opened lower in the early morning session and touched an intraday low of 22,184, logging more than 450 points in the last five sessions. The BSE Sensex opened lower and hit an intraday low of 72,891, recording over 1700 points loss in five days.

₹300 to ₹315 per share. Tuesday, May 7, saw the Aadhar Housing Finance IPO raise Rs. 898 crore from anchor investors.

Mayawati removes Akash Anand as her successor and BSP national coordinator She said her brother and Akash's father Anand Kumar will continue to fulfil his responsibilities as before. On April 28, Akash Anand was booked in a case of violation of Model Code of Conduct along with four others for allegedly using objectionable language at a poll rally in Sitapur.

As the demand for more meme coins with not just moon potentials, but also some utility on the Solana blockchain intensifies, a new contender, Penguiana ($PENGU) has emerged and is causing a stir in the meme coin market.

IPO, Indegene has finalised the share allotment. The issue was booked nearly 70 times at close on strong interest from institutional and non-institutional investors. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

Larsen & Toubro: The company reported a 10% rise in net profit for the March quarter, surpassing estimates with a profit of ₹4,396 crore. Despite a 5% decrease in order inflows in the last quarter, the company saw a 31% growth in order inflows for FY24, crossing ₹3 trillion. The company's consolidated order book stood at ₹4.8 trillion as of 31 March, a 20% increase from the previous year.

MUMBAI: Piramal Enterprises (PEL), the non-banking finance company of the real estate and pharma group swung to a profit in the March quarter helped by a large tax write-back even as higher funding costs and continued paring of its wholesale loan book pressured earnings. The consolidated net profit was 137 crore from a loss of 196 crore a year earlier helped by a 1,203 crore tax write-back including the carrying forward of a loss of 10,627 crore, arising from the acquisition of the insolvent DHFL two years ago. The write-back also included tax gains from investments in alternative investment funds and other reversals, CEO Jairam Sridharan said. On an annual basis, PEL swung to a loss of 1,684 crore from a profit of 9,969 crore, due to the impact of AIF provisions during the fiscal.