Booking Financial News

HDFC Bank Ltd. has sold a housing loan portfolio of about Rs 60 billion ($717 million), seeking to further lighten its credit load amid regulatory pressures on the industry. The portfolio was sold to about half a dozen state-controlled banks through private deals, according to people familiar with the matter, who asked not to be identified as the information is not yet public. The Mumbai-based bank also unloaded another pool of car loans worth about Rs 90.6 billion, securitized in a fixed income product called pass-through certificates, the people said. The lender had been engaged in talks — reported in late August by Bloomberg — to offload the pool to about a dozen local asset management companies.

technology services player Accenture on Thursday reported a 22.6% year-on-year (YoY) rise in net profit at $1.68 billion for the fourth quarter ending August 2024. This compares with $1.37 billion profit in June-August quarter 2023. The profit grew on the back of healthy growth in North America and health & public services segment aided by robust new bookings, especially generative artificial intelligence (GenAI) deals. The Nasdaq-listed IT major hiked its annual revenue growth forecast to 3-6% for 2025, including 2-3% from mergers and acquisitions (M&A). This is on the back of improvement in the macroeconomic environment and the US Federal Reserve’s recent interest rate cut of 0.5%. Accenture follows a September-August financial year. The Accenture forecast is an important indicator of the performance of key Indian IT companies as they start reporting their quarter earnings starting from Tata Consultancy Services in early October.

Subscribe to enjoy similar stories. MUMBAI : Sometimes corporates are better off raising money when they can rather than when they need. Punjab National Bank Ltd (PNB), India’s second-largest public sector bank after State Bank of India Ltd (SBI) in terms of total business and deposits, seems to have followed that logic.

Since furniture is an important element of our homes, we must choose only the best one. To help you choose the best furniture without breaking the bank, Amazon is offering huge deals and discounts on a wide range of furniture from leading brands.

Subscribe to enjoy similar stories. In 2024, India has taken the lead in global IPO volumes, with 178 companies debuting on the stock market. In the first half of 2024 alone, India accounted for 25% of global IPO activity.

equity indices closed at all-time high levels on Wednesday, as a late spurt helped the Sensex close above 85,000 and the Nifty above 26,000 for the first time. Analysts warn traders of some hurdles for these indices immediately but do not anticipate a sharp sell-off. The broader market indices, however, ended weak. Nifty gained 0.3% or 63.75 points to close at 26,004.15, while Sensex advanced 0.3% or 255.83 points to close at 85,169.87.

Discount brokers are increasingly getting into margin trade funding as they look to diversify revenue channels at a time when their core revenue-generating business of futures and options trading has come under regulatory scrutiny. Margin trade funding (MTF) – where brokers lend money to traders to buy more shares and earn interest income while keeping the financed shares as collateral – is dominated by bank-backed stockbrokers such as ICICI Securities and Kotak Securities. Bengaluru-based Zerodha, the country’s second largest stockbroker, is working to launch the product soon while rival Groww has recently gone live with this feature. Fyers is working on the beta testing stage but wants to grow this book “very carefully” even as early movers Mstock, Angel One and 5Paisa are generating significant revenue by growing their MTF books.

Michael Gove has been appointed the editor of The Spectator, one of the world’s oldest political magazines

Subscribe to enjoy similar stories. Many dreams were shattered on 22 September. About 13 million people rushed to BookMyShow for the 150,000 Coldplay tickets available.

Reasons to buyReasons to avoidAlso read: Best selling furniture and mattresses: Up to 70% off on these top picks of beds, chairs, mattresses and moreThe Lukzer Engineered Bookshelf Multipurpose Organizer is a versatile and functional addition to any home. It offers multiple storage options and a stylish design.Reasons to buyReasons to avoidAlso read: Clearance sale on furniture: Top 10 options for beds, wardrobes and more with elegant designs and durable build qualityThe DeckUp Giona Shelf Storage Finish is a functional and space-saving bookshelf cupboard with a contemporary design.

«It is important to preserve what we have made. Last two-three years the returns have been very-very good. So, maybe a little more prudent and balanced approach will ensure that we preserve these returns,» says Gurmeet Chadha, Complete Circle Consultants. Not pure play commodities, but commodity stocks definitely, and in particular metals after China talking about a slew of measures and a fair amount of rate cuts as well coming in in the remainder part of the year too, that sort of instilled a sentimental move on metals. But would you look at it from an investment point of view? Gurmeet Chadha: We got to be more tactical when it comes to metals and commodities. They have announced a host of measures which clearly tells you that now they have to resort to more stimulus to revive the economy. And also, traditionally, if you see a weak dollar in the rate cuts, I am not saying weak in like absolute sense, but a relatively weaker dollar is always positive for commodities.

Cineplex Inc. says it will appeal a record $38.9 million fine for deceptive marketing practices imposed by the Competition Tribunal.

Subscribe to enjoy similar stories. Mumbai/Bengaluru: Early-stage venture capital (VC) firm Accel is evaluating partial stake sales in a bunch of its portfolio companies, including Swiggy, Urban Company, BlackBuck and BlueStone, as part of its ongoing efforts to create liquidity. The deals are expected to be a mix of pre-initial public offering (IPO) secondary sales and offer-for-sale (OFS) transactions in upcoming IPOs, three people familiar with the strategy said.

Subscribe to enjoy similar stories. Intel has never been this cheap. That doesn’t make the storied chip maker a great deal.

1) Banking and Finance The banking industry continues to present attractive value opportunities for investors, particularly among mid-sized private banks. These institutions have been experiencing significant growth in their loan books, with many reporting an annual increase of 15% to 20%. In fact, a select number of banks are even surpassing the 20% mark, indicating a robust demand for credit. Alongside loan growth, banks have been improving their asset quality, with non-performing assets decreasing, suggesting a reduced risk of bad loans on their books.

Coldplay and its arrival in India, at the moment. The British rock band is set to perform in India on three dates at the DY Patil Stadium in Mumbai and the demand for tickets has not been anything less than mind-boggling. The rush has been such to book tickets that BookMyShow's platform couldn't handle the traffic. The Coldplay fever, which has gripped the nation, has also led to a high demand for hotel rooms for the concert dates from January 18,19 and 21.

Sweden says that Iran was behind thousands of text messages that were sent to people in the Scandinavian country calling for revenge over the burnings of Quran, Islam's holy book in 2023. Authorities in Stockholm claim that Iran's paramilitary Revolutionary Guard carried out «a data breach» and managed to send «some 15,000 messages text messages in Swedish» over the string of public burnings of the Quran. Senior prosecutor Mats Ljungqvist said that a preliminary investigation, carried out by Sweden's SAPO domestic security agency, showed that «it was the Iranian state via the Iranian Islamic Revolutionary Guard Corps, IRGC, that carried out a data breach at a Swedish company that runs a major SMS service».

Subscribe to enjoy similar stories. It has been over two years since Generative AI first burst on the scene—and I have to say that I have grown increasingly frustrated with it. I jumped onto the artificial intelligence (AI) bandwagon long before ChatGPT was launched.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says there is a case for some amount of bounce back from the technical point of view itself if I have to put it across. Still, at this point of time while we are talking, given the kind of last quarter's commentary which has come from most of these companies, their growth average is not going to be more than 15% to 20% on a year-over-year basis. One would like to buy PSU stocks, but at a corrected price with the time correction along with it. What is your take on the PSUs, given the bit of a rebound from the lows yesterday? Of course, this sector was at the forefront. Are we likely to see some sort of a synchronized rebound or is it going to be very stock-specific? Deven Choksey: I believe that the PSU companies have mostly given a significant amount of price correction. So, certainly, it was across-the-board in many of the cases where we saw the fall, be it in the capital goods segment, be it in the metal commodity space, be it in the engineering space or for that matter any other areas in which the ship building, defence, etc. Each and every one of them have given significant price corrections.

₹149 per share, according to stock market experts. This indicates that Northern Arc Capital shares are trading higher by ₹149 in the grey market than their IPO price.

Tamara Smart will portray Thalia Grace in Season 2 of Disney+'s Percy Jackson & The Olympians. Thalia, who is the daughter of Zeus, will play a key role in the upcoming season.