Booking Financial News
04.08 / 22:32
markets
Waves
Booking
Election
show
cover
reports
Banks' profits healthy, but margins may shrink and deposits could disappoint
stress in unsecured retail, micro finance and some rural advances as seasonal impact of the heatwave, election season slowdown and higher risk weights led to increase in slippages during the first quarter. However, analysts do not expect asset quality to be a challenge yet. Instead, most observers believe that Indian lenders will have to contend with falling margins and slow deposit growth this year. Data from the results of 40 listed banks analysed by ET showed that though net profit increased a healthy 21%, margins continued to be weak and deposit growth still lagged credit demand. There was a notable increase in stress in some micro finance and personal loan accounts. State Bank of India's fresh slippages increased to ₹7,903 crore in June 2024 from ₹7,659 crore a year ago and was double the ₹3,867 crore reported in March 2024 mainly as ₹3,000 crore of loans to individuals slipped during the quarter and was the largest chunk of fresh slippages, followed by ₹2,500 crore of agriculture loans. Chairman Dinesh Khara attributed the slippages to some delay in salaries by some state governments during the quarter.
04.08 / 14:05
UPS
Booking
Trade
War
Freedom
rights
Why Viktor Frankl is the father of the self-help genre
Man’s Search for Meaning (published in German in 1946, followed by an English translation in 1959), has long occupied a peculiar niche in the publishing industry. Part memoir, part moral philosophy and part psycho-social treatise, you are most likely to find the book in the all-encompassing self-help section, right next to the Dale Carnegies and the Steven Coveys of the world. And in a sense, Man’s Searchis indeed an amalgamation of all the above genres.
04.08 / 09:15
Booking
Research
prevention
symptoms
International
How Israel’s ‘poisoned toothpaste assassination’ method took decades to expose
Israel-Palestine conflict has been marked by numerous controversial tactics, one of the most notorious being the 'Hannibal Directive,' which allows for the use of excessive force to prevent the capture of Israeli soldiers, even if it endangers hostages. Another controversial tactic was the 1978 assassination of Palestinian leader Wadie Haddad by Mossad agents using poisoned toothpaste. Wadie Haddad, head of the Popular Front for the Liberation of Palestine (PFLP), was implicated in several high-profile attacks, including the 1976 hijacking of Air France Flight 139, known as the Entebbe Hijacking. The plane, diverted from Tel Aviv to Paris, was then taken to Libya and Uganda. Israel’s response, Operation Thunderbolt, was a successful rescue mission led by Lt Col Yonatan Netanyahu, who tragically lost his life in the operation. Mossad’s Mission
04.08 / 06:49
markets
COST
UPS
Booking
reports
rights
After record profits, fuel retailers see profit slump in Q1
record profits, state-owned fuel retailers Indian Oil Corporation (IOC), BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell and they booked under-recovery on the sale of domestic cooking gas LPG at government-controlled rates. IOC, the nation's largest oil firm, reported 81 per cent drop in standalone net profit in April-June — the first quarter of current 2024-25 fiscal year — to Rs 2,643.18 crore as opposed to a profit of Rs 13,750.44 crore a year back, according to a company filing. Net profit also declined sequentially, when compared to an earning of Rs 11,570.82 crore in March quarter. Hindustan Petroleum Corporation Ltd (HPCL) posted 90 per cent drop in profit to Rs 633.94 crore as compared to an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.
04.08 / 01:36
UPS
Booking
Career
Opinion
social
Colleges
Is Bal Gangadhar Tilak the original Hindutva icon?
Tilak: The Empire’s Biggest Enemy, in a sense, completes the triumvirate of the three interrelated historical legacies that have shaped modern Maharashtra and dramatically impacted national life. As Tilak’s last major biography in English appeared perhaps half a century ago, this fresh evaluation of his political career is timely given the tectonic shifts that have since taken place in India’s pollical culture.
03.08 / 16:51
03.08 / 16:03
Booking
Netflix
film
stage
audience
stars
reports
Enola Holmes 3: When will it release and is Henry Cavill returning as Sherlock Holmes?
Enola Holmes 3 is officially happening, with production set to begin in early 2025. The third installment in the successful franchise, based on the Nancy Springer novels, promises to bring back the beloved characters and introduce new mysteries. Here’s what we know about the upcoming film so far.
03.08 / 15:39
Booking
WhatsApp
electronic
information
reports
Department
Schools
Aadhaar cards forged with toe prints, school kids' retina scans for Rs 25,000; CBI lodges FIR
CBI has registered an FIR into a major racket of making Aadhaar cards allegedly using forged documents and fingerprints for Rs 25,000 in Rajasthan, officials said, adding that three persons have been booked. In some cases, fingerprints and retina scans of school kids, even toe prints were used to make the Aadhaar cards, they said. The matter came to light through a news report after a complaint was filed with police by a programmer in the department of information technology and communication, Manohar Lal, in Sanchore, they said.
03.08 / 14:02
Booking
wellness
consequences
reports
shock
International
Bill Gates' 'infidelity' saw Microsoft management keep young interns away from the tech mogul? Here's what we know about this shocking development
Microsoft had to safeguard itself and their founder's repute by taking one rather unusual steps, starting with keeping young interns away from Bill Gates due to his 'flirty' nature, that could have landed him and the employees at the workplace in a bit of a problem.
03.08 / 09:53
Booking
Align
Gemini
Research
testing
rights
orienteering
Most chatbots inherently 'left-leaning,' but with capacity to 'learn' bias, study finds
chatbots were tested for their political inclination, most of them revealed a left-of-centre stance, a study has revealed. However, when the chatbots, including ChatGPT and Gemini, were tested after being «taught» a certain political inclination — left, right or centre — they produced responses in alignment with their «training,» or «fine tuning,» David Rozado, a researcher from Otago Polytechnic, New Zealand, found. This shows that chatbots can be «steered» towards desired locations on the political spectrum, using modest amounts of politically aligned data, the author said in the study published in the journal PLoS ONE. Chatbots are AI-based large language models (LLMs), which are trained on massive amounts of textual data and are, therefore, capable of responding to requests framed in the natural language (prompts).
03.08 / 09:10
03.08 / 05:25
Booking
Entertainment
Remark
Celebrity
performer
audience
actress
Bigg Boss OTT 3: Is Sana Makbul getting married? Know all about her rumored boyfriend
Sana Makbul, the name has been synonymous with drama, and entertainment in recent weeks. The actress, known for her roles in Hindi television and South Indian cinema, has cemented her place in the hearts of millions as the undisputed queen of Bigg Boss OTT 3. The grand finale, a spectacle of performances and emotions, saw Makbul emerge victorious, her name echoing through living rooms across the nation. The journey to the crown was paved with challenges, as the actress candidly shared her battles with non-alcoholic hepatitis and the scars of a traumatic dog attack. Yet, her spirit, unwavering and determined, resonated with audiences, making her a relatable and inspiring figure. While the confetti was still falling and the cheers echoing, whispers of a potential wedding began to circulate. A casual remark about booking the dynamic duo, Meet Brothers, for a future celebration, coupled with co-contestant Kritika Malik's playful teasing, ignited speculation. Adding fuel to the fire was YouTuber Armaan Malik's heartfelt promise to attend Makbul's wedding. Could the Bigg Boss house have been the backdrop to the inception of a new love story?
02.08 / 21:19
Booking
Entertainment
wellness
film
classical
pop
Features
Book Review: 'The Future Was Now' is a brilliant look back at the groundbreaking movie summer of '82
In “The Future Was Now,” former Entertainment Weekly film critic Chris Nashawaty explores the significance of the summer of 1982, which featured the release of eight groundbreaking science fiction and fantasy films
02.08 / 16:33
Booking
security
information
Department
Courts
Investigations
Puja Khedkar case: Delhi Police writes to Maharashtra govt, IAS academy, AIIMS for info
Delhi Police has sought information from the Maharashtra government, the IAS training academy in Mussoorie and AIIMS Delhi on former IAS prohibitionary officer Puja Khedkar in connection with a cheating and forgery case, sources said on Friday. Khedkar was booked by the Delhi Police Crime Branch on July 19 for wrongly availing OBC and PwD (person with disabilities) quota benefits to secure her candidature in the civil services exam. On Thursday, a Delhi court denied her anticipatory bail, saying there were serious allegations against her which «require a thorough investigation». Khedkar, who has not been arrested in the case, had approached the court through her lawyer, saying she faces «immediate threat of arrest».
02.08 / 15:44
Booking
security
information
travelers
prevention
guidelines
Some passengers use fake letterheads to avail emergency quota: Railway Minister Ashwini Vaishnaw
Railway Minister Ashwini Vaishnaw on Friday informed the Rajya Sabha that there have been cases where passengers tried to secure accommodation under the emergency quota using fake authority letters purporting to be from high dignitaries and railway officials. He made this statement in response to inquiries from Samajwadi Party MP Javed Ali Khan about the misuse of the emergency quota by touts. «Some instances of attempts to get accommodation released out of emergency quota on the authority of fake letter heads of high dignitaries and some railway officers have come to notice,» Vaishnaw said in his written reply. «With a view to prevent malpractices and to confirm genuineness of requests, checks are conducted from time to time. Also, instructions are issued at regular intervals to prevent unscrupulous elements from misusing the system,» he added. According to the railway minister, approximately 36 per cent of the berths or seats earmarked under emergency quota were utilised on an average during the financial year 2023-24.
02.08 / 15:41
Booking
CEO
WhatsApp
Trade
reports
Buffett's sales of Bank of America top $3.8 billion
Berkshire Hathaway, run by billionaire Warren Buffett, extended its selling of Bank of America shares, and has shed over $3.8 billion of the second-largest U.S. bank's stock since mid-July. Berkshire sold approximately 19.2 million Bank of America shares for $779 million between July 30 and Aug. 1, according to a Thursday night regulatory filing.
02.08 / 13:06
FIVE
Booking
WhatsApp
show
Courts
Videos
Mother of former probationary IAS officer Puja Khedkar gets bail in criminal intimidation case
Manorama Khedkar, mother of former probationary IAS officer Puja Khedkar, was granted bail by a Pune court in criminal intimidation case on Friday. The bail comes after Manorama completed 14 days in judicial custody after having served a four-day police custody. She was arrested from a lodge at Hirkaniwadi village near Mahad in Raigad district on July 18. Police had launched a search for Manorama and her husband, Dilip Khedkar, after a video surfaced showing her allegedly threatening some persons with a gun over a land dispute at Dhadwali village in Pune's Mulshi tehsil in 2023.
02.08 / 10:24
markets
UPS
Target
MET
Booking
recommendations
Tempted to book profits? Here are three types of stocks you should never sell.
While evaluating Dixon Technologies recently, I realised that even the slightest slowdown in growth could deliver a huge blow to the stock’s valuation. A price-to-earnings ratio of 200 means that if you were to buy 100% of the company's shares, it would take 200 years for you to earn back your initial investment through its profits. Dixon is not the only Indian stock that’s soaked in excess liquidity in recent months.
02.08 / 06:04
markets
Booking
Gap
Software
WhatsApp
Trade
Tata Elxsi shares drop 0.3% as Sensex falls
Tata Elxsi Ltd. traded at Rs 6919.4 on BSE at 10:40AM (IST) on Friday, down 0.3 per cent. The stock quoted a 52-week low price of Rs 6406.6 and a high of Rs 9191.1. Earlier in the day, the stock saw a gap down opening.
02.08 / 03:39
UPS
Booking
Aviat
Airlines
JetBlue
Department
Proposed US rule would ban airlines from charging parents additional fees to sit with their children
The U.S. Department of Transportation is proposing a new rule that would ban airlines from charging parents to sit with their young children
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