Booking Financial News

Small ticket borrowers are slowly starting to miss their repayments and seen to be delaying repayments beyond a month of the scheduled date. For consumers having at least one small-ticket personal loan, the balance-level delinquency rate or the percentage of borrowers missing a repayment was 5.4% in Q2’ 2003-24, up 120 bps (basis points) since Q2 2022-23 a report by credit bureau Transunion Cibil notes. During Q2’ 2023, overall balance-level serious delinquencies (measured as 90 days or more past due) improved across product categories, except for credit cards and personal loans according to the report. But delinquencies on small-ticket personal loans have a marginal impact on the overall retail loan portfolio, which looks at the outstanding balances of all retail products including home loans, auto loans, credit cards, personal loans, and others. Small-ticket personal loans of less than Rs 50,000 account for 0.3% of the total retail loan book size at an industry level. Even though delinquencies on small-ticket personal loans have a marginal impact on the personal loan portfolio, these need to be monitored closely, especially because consumers may prioritize other payment obligations ahead of personal loan payments, which in turn may be a wider indicator of financial stress, the credit bureau report said. The credit industry landscape has changed significantly over the last four years.

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“Thank you to all the fans who made #TheWomanInMe a #1 @nytimes bestseller,” Spears tweeted along with a mind-blown emoji. “It means the world to me!!! Love you all [three kiss emoji] !!!” Spears has refrained from engaging in traditional promotional activities for the book, such as late-night appearances and interviews. She has only used her social media platforms to promote it. On the day of its release, the singer claimed on Instagram that the book had achieved the title of «the highest-selling celebrity memoir in history.» However, according to the Associated Press (AP), it was noted that this claim did not hold true, as it wasn't even the best-selling memoir of the current year. In fact, Prince Harry's memoir, titled "Spare," had sold 1.6 million copies in the U.S. during its first week on sale in January. In a statement released by publisher Gallery Books on Wednesday, Spears expressed her gratitude to her fans and readers around the world for their unwavering support. She mentioned, «I poured my heart and soul into my memoir.» The book delves into Spears' journey to stardom, her connection with fellow child star Justin Timberlake, which involved her experiencing a pregnancy and subsequently undergoing an abortion while they were together. It also sheds light on her life during a 13-year conservatorship marked by stringent control. The anticipation surrounding the book additionally boosted Spears' music catalog, leading to a 21% increase in streaming activity in the days preceding its launch.

Sectorally, buying was seen in realty, telecom, metal, and public sector stocks. Stocks that were in focus include names like REC which was up nearly 7%, Power Finance Corporation which rose more than 6% and Global Health which closed with gains of nearly 2%. All stocks hit fresh all-time highs. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Here's what analyst CA Bijay Kumar Sharma (SEBI RA, Regn No – INH000011282) had to say: REC REC stock has seen multiple breakouts.

Britney Spears' memoir «The Woman in Me» has sold over 1.1 million copies within the US alone in its first week. According to a statement released by Gallery Books, a division of Simon & Schuster, Spears stated that she has poured her heart and soul into her memoir. She went on to say that she was grateful to her fans and readers around the world for their «unwavering support».

₹3,789.90 crore versus ₹2,732.12 crore. “Owing to the improving asset quality, increase in lending rates and effective management of Finance Cost, REC is able to record its highest ever quarterly profit," the state-owned power sector financing company said in a statement. The stock surged as much as 8.6 percent to its new record high of ₹307.35 in intra-day deals today.

Largecaps: ICICI Bank, Maruti Suzuki India, State Bank of India, Varun Beverages, Bank of Baroda, and ITC. Midcaps: Lupin, Federal Bank, Ashok Leyland, Relaxo and Footwears Smallcaps: CIE Automotive India, Westlife Foodworld, CreditAccess Grameen, JTL Industries, PNC Infratech and Kirloskar Brothers. The brokerage has booked profit in CCL products and added Westlife Foodworld.

ACCC chairwoman Gina Cass-Gottlieb said Qantas’ “bundle of rights” defence does not answer the competition watchdog’s main lawsuit claim that the airline misled customers by selling tickets on cancelled flights, and signalled she will not back down from fighting the case in court.

ICICI Lombard General Insurance Company Ltd. rose 0.76 per cent to Rs 1367.25 in Thursday's trade as of 12:32PM (IST) even as the benchmark Nifty ruled at 19087.55, up 98.4 points. The scrip had closed at Rs 1356.9 in the previous session.

Skipper jumped 7.4% to Rs 252.3 in Thursday's trade on BSE after the firm won orders worth Rs 924 crore from Power Grid Corporation of India and for several other domestic T&D projects, including Telecom. Skipper said in an exchange filing that the firm won orders in the domestic T&D business of Rs 788 crore from Power Grid Corporation of India Ltd (PGCIL), and orders worth Rs 136 crore for several other domestic T&D projects including Telecom. At 11.22 a.m., the scrip was trading 3.2% higher on BSE. Meanwhile, Skipper has also given multibagger returns to its investors as the stock has gained nearly 110% in the last six months, while it has gained over 220% in the last two years and over 400% in the last three years. Sharan Bansal, Director Skipper, said, «We are pleased with the new order inflows of Rs 924 crore from PGCIL and other customers, the consistent order inflows in the T&D business have led to a total order in-flow YTD of Rs 2,727 crore, registering an impressive ~220% growth over last year till date.» Bansal further added, «Going forward, the marketplace looks exciting and ripe with opportunities.

Sidhartha Mallya! The actor-author's Instagram timeline was filled with congratulatory messages after he proposed to his girlfriend Jasmine. Sidhartha, the son of businessman Vijay Mallya, posted a series of pictures on Instagram Stories. In Halloween costume, he can be seen going down on one knee as he popped the question to Jasmine. The lady is Halloween-ready in a witch costume while Mallya Jr wore a pumpkin outfit.

Wells Fargo has liquidated its local inventory finance business, leaving it with commercial and some investment banking capabilities in the country.

ICICI Bank. The stock has underperformed benchmark indices in the last one year. It has given muted returns, up just 0.8 percent in the last 1 year as against a 5 percent gain in Nifty Bank and a 6 percent jump in Nifty.

Tata Motors Q2 Results: Tata Motors, the passenger cars and commercial vehicle manufacturer, is set to announce its financial results for the quarter ended September 2023 today. The automobile major is expected to remain profitable during the quarter as against reporting a net loss in the corresponding quarter of last fiscal.

NRI to invest their foreign income is a Rupee deposit dubbed as NRE Fixed Deposits. In such deposits, overseas income is fully repatriable, and you can borrow up to 90% of your deposit at competitive interest rates. You can also earn substantial tax-free income with this type of account. While the minimum tenor starts from 1 year in most banks. Here is a quick comparison of NRE fixed deposits 2023 of banks such as SBI, HDFC Bank, ICICI Bank, Canara Bank and PNB. Over 9% FD interest rates for senior citizens:Check these 7 banks

LTIMindtree Ltd. traded 0.8 per cent up at Rs 5037.35 on Thursday at around 11:26AM (IST), while the benchmark BSE Sensex advanced 412.15 points to 64003.48. As many as 4,693 shares changed hands on the counter with a total value of Rs 2.38 crore.

Maratha reservation protestors burn tyres on the Pune-Bengaluru highway near Navale bridge in Maharashtra's Pune city on Wednesday. Police have booked approximately 400-500 people. 1) Internet services have been suspended in Chhatrapati Sambhajinagar district – both rural and urban areas – of Maharastra on Thursday, November 2 in connection with the Maratha reservation protest.

top wealth creators in the Indian share market. It had a rock-solid balance sheet, close to zero non-performing assets (NPA), and the company doled out consistent dividends even during times of distress. Not to mention its resilience stock price performance.

Ambuja Cements Ltd reported a four-fold jump in its standalone net profit for the quarter ended September 2023. The same was helped by the good improvement in operating performance, led by lower energy costs and cost-saving measures. The reported Earnings before interest, tax, depreciation and amortization (Ebitda) during the quarter surged to ₹771.5 crore from ₹313 crore, while Ebitda margin improved by 70 basis points (bps) to 11.9% from 11.2%, YoY.

₹1,701 crore, which comprises fresh issue of shares worth ₹365 crore and offer for sale of 4.12 crore shares by promoters and investors.The IPO will see the sale of 3,186,300 shares by Honasa promoter Varun Alagh and up to 100,000 shares by his wife Ghazal Alagh. Mamaearth IPO has been subscribed 70% on day 2.

Reliance Industries: Reliance Industries is mulling over raising ₹15,000 crore via the sale of a local-currency bond, reported CNBC-TV 18 citing Bloomberg. The company shares closed 0.35% higher at ₹2296.65 per share on BSE on Wednesday. The giant conglomerate had raised $4 billion in U.S.