COST Financial News

ICICI Bank share price gained over a percent on Monday after the private sector lender reported better than expected earnings for the quarter ended September 2023. ICICI Bank share price gained as much as 1.32% to ₹944.80 apiece on the BSE. Private lender ICICI Bank reported a 35.8% YoY rise in its standalone net profit to ₹10,261 for the second quarter of FY24.

ICICI Bank gained over 1% on Monday to hit the day's high of Rs 944.80 on the NSE following strong September quarter earnings. The stock was the top Nifty gainer despite a lacklustre opening trade. The stock also gained on favourable views taken by a couple of top brokerages including Jefferies, Kotak Institutional Equities, Motilal Oswal and Nuvama, all of which recommended a buy on the counter.

JSW Energy and a buy on Paytm. CLSA retained an outperform rating on Kotak Mahindra Bank and Jefferies recommended a buy on ICICI Bank post Q2 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on JSW Energy: Sell| Target Rs 250 CLSA maintained a sell rating on JSW Steel but raised the target price to Rs 250 from Rs 234 earlier. CLSA on Paytm: Buy| Target Rs 1200 CLSA maintained a buy rating on Paytm but raised the target price to Rs 1200 from Rs 1050 earlier. GMV growth was good.

Mohammed bin Salman took to the stage to promise that a new era was dawning for the Middle East. “The new Europe is the Middle East,” the country’s de facto ruler, commonly known as MBS, said to applause from the crowd.

Rahul Shyam Shukla, Head — Commercial & Rural, HDFC Bank, says “agricultural lending is a higher NPA segment because it goes through weather pattern considerations, hailstorms, rains, less rains, more rains, floods, etc. If you are maintaining a GNPA somewhere between 4% and 5% and you have priced it correctly, then you are all right.” On Guidance for Commercial & Rural The guidance we always give is that, look, you should expect 25 to 30% growth rate.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com .

northern Gaza, many people there said doing so was not an option because of cost — and that it was no guarantee of safety. The Israeli military said Saturday night that it would intensify its already punishing bombardment of the besieged enclave ahead of an expected ground invasion. In Arabic-language leaflets dropped over the Gaza Strip on Saturday, it reiterated calls for people to move south, warning that anyone who did not «may be considered a partner in a terrorist organization.» But Amani Abu Odeh, who lives in the town of Jabalia in Gaza's north, said that the danger of Israeli airstrikes on the road had pushed up the cost of travel.

Sale may not be your regular crusty four-letter word, but it packs quite a punch. Within sniffing distance of festive season, it sends adrenaline racing and minds gearing to succumb to temptation. Triggering a spending mania that grips the entire nation, it knocks over well-laid budgets, disrupting cash flows and relationships, while lifting the fortunes of retailers and sellers. So, it’s no surprise that Flipkart’s The Big Billion Days sale, from 8-15 October this year, recorded 1.4 billion customer visits, with its Plus memberships reportedly witnessing a 60% increase over last year’s sale.

Infosys Technologies Ltd., India’s second-largest IT services company, is likely to report its slowest growth ever based on the current guidance of 1-2.5%, data sourced from brokerage firm BNP Paribas shows.

Bernadette Inglis thinks the so-called “mortgage cliff” was over-hyped.

NEW DELHI : A US government office is checking whether foreign banks operating in the US conformed to the G7 price cap of $60 a barrel for Russian oil, a person aware of the matter said. The US treasury department’s Office of Foreign Assets Control (OFAC) has sought details of Russian oil purchases by including those by Indian entities in the last few months, the person said on condition of anonymity. Indian banks operating in the US include State Bank of India (SBI), Bank of Baroda and Bank of India.

The restart of negotiations was announced in a joint statement Saturday from the Alliance of Motion Picture and Television Producers, which bargains on behalf of the studios, and SAG-AFTRA, the actors union. The renewal of discussions is welcome news for an entertainment industry that has largely been at a standstill for months because of dual strikes by writers, who walked out in May, and the actors, who joined them in July. On Oct.

road projects on the build-operate-transfer (BOT) model by March 2024, giving a renewed push to the public-private partnership in road construction, road transport and highways minister Nitin Gadkari has said. This shift from the existing emphasis on engineering, procurement, and contract (EPC) model will drive private players to build better quality roads because they have to maintain them for 15 years, Gadkari told Yogima Seth Sharma, Deepshikha Sikarwar and Vinay Pandey in an interview. Edited excerpts: How has the highways sector performed in the current fiscal? Our budgetary allocation for current fiscal is ₹2.7 lakh crore and we expect to use all of it.

India's top two telecom operators, Reliance Jio and Bharti Airtel, are likely to post improved profitability and cash generation through fiscal 2025, on the back of a likely moderation in 5G capital expenditure and customer churn from this quarter, FY24 onwards, said analysts. «Capex will remain elevated in 2QFY24, but we expect moderation in 2HFY24, which will help improve profitability and cash generation...Airtel and Jio are well positioned over the medium-term with growth levers such as subscriber upgrades, market share gains and tariff hikes that are just a matter of time,» BNP Paribas said in a note. Jio and Airtel managements have been guiding for a moderation in network capex from FY25 onwards with accelerated pan-India 5G rollouts likely to be concluded by December 2023 and March 2024, respectively. «Bharti's management capex guidance implies (annual) India business capex could decline to ₹20,000 crore from FY25 (versus ₹28,000 crore in FY23 and a similar guidance in FY24), though we continue to conservatively build in ₹27,000 crore for FY25,» JM Financial said. Jio, with more than 62 million 5G users, and Airtel, with over 50 million subscribers for the service, have been expanding their networks since the launch in October 2022. Loss-making Vodafone Idea (Vi) has yet to announce its 5G services launch as it is yet to close its much-delayed fundraising. Analysts, though, believe serious monetisation of 5G services is at least a year away despite Jio and Airtel recently taking first steps by launching AirFiber or 5G-based fixed wireless access (FWA) services in a few markets. Some analysts expect Jio to take the lead in hastening monetisation of its 5G-based FWA services by bundling PayTV. «Any

Carbon emissions caused by employees commuting to work or on business trips will need to be disclosed under mandatory new accounting standards being released on Monday, as activists and investors target firms over the detail of their net-zero carbon targets.

Medibank wants you to see the doctor. Street Talk understands the $9.7 billion ASX-listed private health insurance giant is negotiating with Myhealth Medical Group’s largest shareholder, founder James Liang, to buy out his stake.

Nova Scotia’s NDP party tabled a bill titled the “Family Pet Renter Protection Act” that, if successful, would prevent landlords from adding “no pet” clauses to rental agreements.Jefferson Hutt, a Halifax man who recently found a place to stay after spending the last six months in his car, said his dog Trip was a loyal companion for him during an increasingly challenging period.“Trip’s been a saviour,” he said.Hutt said being a pet owner and operating on a limited budget made the process of finding somewhere to stay quite difficult. He added that his dog recently broke his leg after being struck by a vehicle, and the medical costs associated with the recovery costed him an “unbelievable” amount of money.“I can’t let go of him right now.

NEW DELHI : India and the United Arab Emirates are looking to identify and incorporate commodities to diversify trade between the two countries, UAE ambassador to India 8said in an interview. The diversification of traded commodities can broaden the scope of economic cooperation and make local currency transactions even more versatile, Alshaali said in an email interview.

WASHINGTON—Big energy producers are sparring over billions of dollars in subsidies from last year’s climate law, a fight that pits the Biden administration’s goals for economic growth against its efforts to reduce greenhouse-gas emissions. The battle is over subsidies to produce clean hydrogen, a potential alternative to oil and natural gas in industries such as steelmaking and trucking where renewable energy and batteries alone aren’t adequate.

I recently sold a property owned jointly by my mother-in-law, my wife and me. The property was purchased with a loan taken in my name although the sale deed did not mention any proportion of our shares in the property. The buyer paid the sale amount in three equal parts to each of us and also paid tax deducted at source (TDS) of the three sellers. Is the challan or tax receipt given by the buyer proof of the advance tax paid? Is TDS certificate (Form 16B) required? To calculate long term capital gains (LTCG), can I include money spent on interiors and other work as cost of improvement? Also, what constitutes the cost of transfer? My wife and I had bought a house in 2019. The registration was completed the same year but the property is expected to be handed over this year. Can I show the purchase of flat mentioned towards exemption of LTCG tax? What is the timeline for reinvestment in residential property? Does it have to be done before filing the tax return? Then what is the 2-year window for investment? —Name withheld on request If the buyer has paid advance tax, TDS certificate is not required.

ZURICH (Reuters) — Switzerland looked set to shift to the right in its national elections on Sunday, as concerns about immigration and political correctness trumped fears about climate change and melting glaciers.