COST Financial News

airport had cost her ₹193. For the uninitiated, a 70g pouch of the instant noodles costs around ₹14. Sejal shared a screenshot of the bill on Twitter while expressing her surprise.

₹710 crore, the new integrated terminal building will play a key role in boosting connectivity of the union territory, it added. With a total built-up area of around 40,800 sqm., the new terminal is capable of handling about 50 lakh passengers annually.

HDFC Bank reported a 30% year-on-year (YoY) growth in net profit for the quarter ended June to Rs 11,952 crore, which was higher than an ET Now poll of Rs 11,000 crore. The total income for the quarter increased 39% YoY to Rs 57,817 crore. This is the first earnings of the bank following the merger with parent Housing Development Finance Corporation.

World Cup frenzy has already got India in its firm grip — and the India-Pakistan match is at the center of it all. All roads, and air-routes, lead to the Motera stadium in Ahmedabad, which is set to host the most-awaited match between India and Pakistan on October 15. And this is one time when being the early bird gets you nothing.

«What happens during an up cycle is growth surprises in terms of the momentum and as a result, the kind of margin upside and operating leverage which comes in, that is really not built in by analysts and investors there,» says Renu Baid, IIFL Institutional Equities.Let us first start with your understanding of the numbers which have come out so far. We have heard from big IT companies, TCS, Wipro, Tech Mahindra, do you think there is reason to get excited about what you have heard from these managements? I think IT companies, probably investors had weighed down on these stocks.

Nifty50 Q1 consolidated PAT is forecasted to grow by more than 20% YoY. This is a transformed perspective compared to the subdued presumption the market had a couple of quarters ago. The domestic market was presumed to face the dark side of the global recession, imprinting a slowdown in the domestic economy.

emerging market averages but trailing the global reading (+28%). The net balance is derived by subtracting the percentage of respondents expecting a decrease or deterioration in a variable over the next twelve months from the percentage expecting an improvement or increase. Nevertheless, India emerged as one of only four countries to witness a rise in output prospects, while confidence dwindled in the remaining eight countries with comparable data, added the report.

Hydrogen (H2) is an industrial fuel with multiple applications such as the production of ammonia, steel, electricity, and refineries. Currently, hydrogen is produced through natural gas and coal, leading to carbon dioxide emissions (CO2) into the atmosphere. The hydrogen produced through this method is known as grey hydrogen.

First six months of 2023 have been much better for logistics companies. The oil prices have stabilized at a higher level, customers of these logistic companies have also adjusted to higher transportation costs in their business and a new normal is in place for the pricing of logistics companies.

NDRF) of India this time. The disaster management agency has been quite busy of late due to widespread floods and other disasters due to unprecedented rains. During its ongoing rescue effort, it stumbled upon a bull worth Rs 1 crore! The prized bull named 'Pritam is valued at an estimated Rs 1 crore ($121,836) due to its prestigious lineage.

The record date for the merger of HDFC Ltd with HDFC Bank was 13 July. The record date is the cut-off date set by a company to determine the eligibility of shareholders to receive dividends and distributions. As per the share exchange ratio of the merger, for every 25 shares of HDFC, 42 shares of HDFC Bank were issued to the former’s shareholders. If we break this down to per share level, one can say that the ratio is 1.68 shares of HDFC Bank for every 1 share of HDFC.

₹7,000 crore during the financial year 2022-23. These impairments were primarily attributed to issues with the carrier's faulty aircraft and engines, as well as losses incurred by low-cost airline AirAsia India, The Economic Times (ET) reported. However, despite these challenges, Air India managed to reduce its losses and achieve positive earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs (EBITDAR) at an operating level, the publication reported.

“We expect equity returns to be modest as earnings growth will get eaten away by moderation in valuations. 2H2023 will be driven by how earnings are panning out,” says Ruchit Mehta, CFA, Head of Research at SBI Mutual Fund. In an interview with ETMarkets, Mehta said: “There has been a marginal uptick in valuations of the Nifty with the recent rally. The Nifty was trading around the 17-18x range in December 2022 and currently is at the 18-19x range” Edited excerpts: Sensex hit record highs while Nifty was above 19500 levels. How do you see the Indian market performing for the rest of 2023? We have been cautious on equity markets, primarily because of the high valuations.

Q1 results 2023: Amid stock market trading at record highs, company results hold key for Dalal Street mood. For further upside, market requires strong Q1 earnings season and hence, both investors and market observers are eagerly awaiting company earnings after the end of April to June 2023 quarter. A total of eleven listed companies are going to declare their Q1 results today and those eleven companies include HDFC Bank, Tata Elxsi, LTIMindtree, Central Bank of India and CRISIL.

Commonwealth Bank chief executive Matt Comyn says incoming Reserve Bank governor Michele Bullock’s job will be easier than it was for Philip Lowe, given the cash rate is forecast to peak after one more interest rate increase.

Every few years a disruptive technology comes out of left field and entirely changes the future of the global energy system, smashing into our consciousness like a thunderclap.

Alzheimer's disease experts are revamping the way doctors diagnose patients with the progressive brain disorder — the most common type of dementia — by devising a seven-point rating scale based on cognitive and biological changes in the patient. The proposed guidelines, unveiled by experts on Sunday in a report issued at an Alzheimer's Association conference in Amsterdam, embrace a numerical staging system assessing disease progression similar to the one used in cancer diagnoses. They also eliminate the use of terms like mild, moderate and severe. The revamp — replacing guidelines issued in 2018 — was prompted by the increased availability of tests detecting key Alzheimer's-related proteins such as beta amyloid in the blood and new treatments that require confirmation of disease pathology prior to use. The new system is designed to be more accurate and better reflect a person's underlying disease, according to Dr. Clifford Jack of the Mayo Clinic in Rochester, Minnesota, lead author of the report sponsored by the Alzheimer's Association and the National Institute of Aging, a part of the U.S. government's National Institutes of Health. The change comes at a time when doctors are preparing to identify and treat patients with Eisai and Biogen's drug Leqembi, which won Food and Drug Administration approval this month, and Eli Lilly's experimental drug donanemab, which is now under FDA review.

Gold prices on Monday edged lower on Monday as the dollar strengthened, while investors largely bet on the U.S. Federal Reserve hitting the brakes soon on interest rate hikes. * Spot gold edged 0.1% lower to $1,952.58 per ounce by 0028 GMT.

HDFC Bank: India's largest private sector lender, is gearing up to announce its financial results for the April-June period on Monday. Analysts predict that the bank will register a standalone net profit of ₹11,580 crore for this period, indicating a substantial 25.9% increase from the same period the previous year.

Uber Technologies Inc., is a “profitable business for us now," Aggarwal said in last week’s interview in Delhi. He didn’t comment on any renewed attempts to list, nor did he mention a date for a possible Ola Electric IPO.

«Of course, IT as a sector has been underperforming for quite a while. So, if you look at the numbers that have come out from three major IT companies, the numbers by and large by themselves have been largely in line with estimates,» says Shibani Sircar Kurian, Kotak Mahindra Asset Management.Have to talk about IT, does it come as a surprise that the market is actually willing to give the sector the benefit of doubt that maybe the worst could be behind with Q1?Of course, IT as a sector has been underperforming for quite a while.