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«Yes, so if you look at the dealer inventories, the dealers have also been stocking up in order to meet the festival demand, which will start in the early third quarter,» says Vivek Karve, CFO, Mahindra Finance.I was going through your disbursement numbers, and it is again a wealthy, healthy set that has come in so far. Is it fair to assume that the quarterly run rate will continue to be around the Rs 13,000 crore mark for Q2 FY24?While I will not be able to give a very specific quarterly guidance, what we are quite confident about is about continuing of the momentum.

“Indian services companies achieved a remarkable milestone in August, as they welcomed a series record surge in new export business. Several regions contributed to the upturn, including Asia Pacific, Europe, North America and the Middle East,” said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence. The seasonally adjusted S&P Global India Services PMI Business Activity Index also recorded a consecutive 25-month of expansion in new business, as advertising and robust demand kept the index above the 50-mark. A value of above 50 denotes expansion. “Demand strength also fostered a heightened sense of optimism regarding the outlook, boding well for economic growth prospects,” De Lima said. Strong services growth and capital spending pushed India’s GDP growth to a four-quarter high of 7.8% for the first quarter of FY24, according to data released last week. Financial, real estate & professional services grew in double digits at 12.2% in Q1, whereas trade hotels, transport, communication and services related to broadcasting expanded 9.2%. Among the four sub-sectors of PMI services index, finance & insurance led growth of both total new business and output in August. The employment situation was better, as the rate of job increase was fastest since November. On the inflation front, output inflation rose at the joint quickest pace in nearly six years. “Anecdotal evidence indicated that robust demand conditions facilitated the passing on of cost increases to clients,” the report indicated.

Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), and Ircon International rallied up to 14% in Tuesday's trade. Shares or RVNL jumped 5.6% to Rs 163 after the RVNL-MPCC joint venture emerged as the lowest bidder (L1 bidder) for all civil engineering works tenders from the Vadodara division of Western Railway. The cost of the project is Rs 174 crore, and JV will complete the order in two years. In the joint venture, the RVNL share is 74%, and the MPCC share is 26%. On Saturday last week, RVNL also received a letter of acceptance from Madhya Gujarat Vij Company.

Paytm on Tuesday announced its business operating performance metrics for quarter to date (July-August period). The fintech giant continues to solidify its leadership of payment monetisation with 87 lakh devices deployed.

divorce case can be very hard on the pocket as well, especially for a person who has to pay not only an interim maintenance but also a big alimony. Since this legal fight often goes on for long, the location of the court where the case is being fought will decide how convenient it is for the parties to attend the hearings frequently.

Also read: Rishabh IPO allotment tomorrow - Latest GMP, here's how to check allotment status The earnings growth is a function of multiple factors, e.g., (a) capacity (production capability); (b) demand environment (market leadership); (c) competitive landscape (pricing power, cost advantage); (d) innovation and technology advantage; (e) resource availability (raw material, labor, capital, managerial bandwidth, etc.), etc. The price-earnings ratio (PER), one of the most popular equity valuation criteria, is the ratio between the earnings of a company and its market value. It broadly signifies that at the current rate of earnings how many years it will take for the company to add the value that an investor is paying today.

The NSW government will begin talks with Origin Energy on a deal to keep the giant Eraring power station open past 2025, after a report found that prices would spike and the state would face reliability risks if the plant was switched off.

Qantas chief executive Alan Joyce will depart the airline on Wednesday, bringing forward his retirement by two months amid a firestorm engulfing the company over allegations of illegal ticket sales and undue influence over government.

The big four accounting firms earned 99.3 per cent of audit fees paid by Australia’s 200 largest listed companies last year, a proportion described as “to be expected” in any competitive market.

The corporate regulator will launch legal action against Westpac on Tuesday alleging it failed to respond to requests from hundreds of its customers struggling with loan repayments over a seven-year period, who wanted to enter hardship arrangements with the bank.

Japan's service sector activity expanded at its quickest pace in three months in August, underpinned by robust consumer spending as inbound tourism regained momentum, a private-sector survey showed on Tuesday. The relatively upbeat service sector conditions contrast with the manufacturing industry's shrinking activity and subdued business sentiment amid slowing global demand. The final au Jibun Bank Japan Services purchasing managers' index (PMI) grew to 54.3 last month from 53.8 in July, in line with the flash reading and stayed above the 50-benchmark dividing expansion from contraction for 12 consecutive months. «A stronger improvement in new orders received by Japanese service firms underpinned an acceleration in business activity growth,» said Usamah Bhatti, an economist at S&P Global Market Intelligence. «That said, service providers signalled a steeper increase in inflationary pressures during August,» he said, underlining some of the challenges faced by the broad business sector across the country. The subindex measuring outstanding businesses swung back above the 50.0 threshold in August helped by the re-acceleration of new orders. Survey respondents noted stronger consumption thanks to higher customer numbers and demand on the back of a surge in inbound tourists.

stock market rally is strong enough to withstand another leg higher for bond yields, according to the latest Markets Live Pulse survey. With the soft-landing narrative for the world's biggest economy gaining traction, the majority of 331 respondents expect losses for S&P 500 Index to be contained to less than 10% should yields on the 10-year Treasury resume their climb and hit 4.5%. That would allow the US equities benchmark to hold on to some of its 18% year-to-date gains. «If we get higher interest rates and bond yields, it will probably be because the macro economy surprises on the upside,» said Christopher Hiorns, portfolio manager at EdenTree Investment Management Ltd.

BOGOTA (Reuters) — Colombia's government and industry associations called on the central bank to lower interest rates on Monday and urged business leaders to resume investment decisions, in a bid to shore up the economy.

Drug major Cipla on Monday said its unit has inked a pact to acquire South Africa-based Actor Pharma. Cipla South Africa, a wholly-owned subsidiary of the Mumbai-based drug major, has inked a binding term sheet with Actor Holdings (Pty) Ltd to acquire 100 per cent of the issued ordinary shares of Actor Pharma, the drug major said in a regulatory filing. This development underpins Cipla's commitment and investment in its over-the-counter (OTC) business and supports its journey to be a leading healthcare player in South Africa, he added.

Since assuming the position of Chair at the Securities and Exchange Commission (SEC), Gary Gensler's stance on cryptocurrencies has undergone a notable shift.

Advancement in technology has raised the ability of credit data companies to access information about bank customers enhancing the dependability of the data, but it leaves out vital portions of an individual's financial life that would make a difference to his cost of borrowing. Information bureaus that compile credit scores depend on data from banks that show how as a borrower one had behaved — whether one paid dues on time or missed payments leading to delays, or whether the borrower has defaulted. The score fails to consider the personal wealth, financial investments or even the savings lying in banks that determine a person's ability to meet obligations.

banking sector regulator approves a proposal submitted by banks to include stamp duty and other registration charges in the project cost, said people with knowledge of the matter. Lenders reached out to the Reserve Bank of India (RBI) after internal deliberations in a meeting held last month, they said. At present, such charges are not covered in the home loan amount.«We are hoping that the RBI will take a favourable decision, and this will increase the loan amount to an individual. Since the housing loan is backed by collateral, it will not add to any undue risk,» said a senior bank executive, who did not wish to be identified. If the RBI approves the proposal, for a project costing ₹1 crore, including stamp duty and registration charges of ₹20 lakh, a borrower will be eligible for a loan of ₹75 lakh, against ₹60 lakh under the existing loan-to-value (LTV) ratios prescribed by the RBI.

Mint takes a closer look at the issue, the challenges it throws up, its merits and demerits. Ever since Narendra Modi led the BJP to victory in 2014, the government has been talking about the need for simultaneous election to the Lok Sabha and all the state assemblies. A strong pushback from the opposition kept the issue in abeyance.

Johnson & Johnson plans to tap billions in proceeds from the recent split-off of its consumer-health business to fuel growth in pharmaceuticals and medical technology through capital allocation, which could include new acquisitions and investments in product offerings and robotics. The New Brunswick, N.J.-based healthcare giant in May sold shares in Kenvue, which owns brands such as Band-Aid and Tylenol, through an initial public offering that netted J&J $13.2 billion in cash. In August J&J shed about 80% of its Kenvue shares through a roughly $40 billion split-off, whereby some investors chose to trade in their shares of J&J for Kenvue ones.

NEW DELHI : India’s National Investment and Infrastructure Fund Ltd (NIIF) and private equity firm Actis Llp are among four contenders vying to acquire Macquarie Asset Management’s Green Investment Group platform Vibrant Energy, two people aware of the development said. Vibrant Energy has a 1.5-gigawatt (GW) portfolio in the commercial and industrial (C&I) sector. JP Morgan is managing the transaction with four bidders being shortlisted from among the non-binding offers submitted for the deal valued at around $250 million.

Shriram Finance Ltd was born. Shriram Capital, Shriram Transport Finance Company and Shriram City Union Finance merged, creating one of the largest domestic non-bank financiers. Today, it is the No.