Cycling Financial News

BBC. The science fiction has Time Lord played by Ncuti Gatwa and it remains still a very British show. Which show are we referring to? This is ‘Doctor Who’ we are referring to. The latest episode has been penned down by Russell T Davies and continues its unpredictable streak in terms of viewership. Recently, 'Doctor Who: 73 Yards' has been released on May 25. Here are some questions that are answered.

Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago period.

Mint. Other venture capital firms such as Kae Capital and Westbridge Capital are also considering similar moves, another person said. "We are in discussion with institutional investors and waiting for market interest to build up before we open the fund to a larger set of local investors," India Quotient's Anand Lunia said. Others did not respond to Mint's request for comment.

When the Reserve Bank of India (RBI) is expected to cut down repo rate towards the end of the year, investors are recommended to lock their investments in fixed deposits (FDs) in order to make the most of the prevailing high interest rates.

Stressed Assets Stabilisation Fund (SASF) of IDBI Bank, which is targeting a recovery of 11.59% by selling non-performing loans worth ₹6,151 crore, has received 18 expressions of interest (EoIs) from asset reconstruction companies (ARCs). The reserve price for the auction is set at ₹713 crore and the sale has drawn interest from large ARCs including Arcil, JC Flowers ARC, Edelweiss ARC, JM Financial ARC and ACRE. Others include Kotak-backed Phoenix ARC, UV ARC, Prudent ARC, Omkara ARC and CFM ARC. The last day for submitting EOIs was May 22. The auction date will be announced after the entities that submitted EoIs complete due diligence on the accounts. The sale will be 100% cash-based, with EY as the process advisor. The portfolio up for assignment and sale comprises 239 cases, with 81 backed by tangible securities and guarantees, having a gross principal outstanding of ₹2,179.51 crore. The remaining 158 cases are supported by guarantees and claims, with an outstanding of ₹3,971.65 crore.

₹22,046 crore worth of Indian equities and the total outflow stands at ₹17,848 crore as of May 24, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt inflows stand at ₹2,009 crore so far this month.

You may be saving more money for retirement — and not even know it.

Applying for your first credit card is a significant financial milestone. It can help you build your credit history, manage expenses, and even earn rewards. A credit card is a financial tool issued by banks that allows you to borrow interest-free money up to a certain limit to make purchases or withdraw cash. However, you must repay the borrowed amount within a stipulated period, usually with interest, if not paid in full by the due date.

1. Lifelong FitPro The Lifelong FitPro LLTM09 is a versatile motorised treadmill designed for home use, featuring a 2.5 HP peak motor and manual incline.

Also Read: How can using a credit card for emergencies affect your financial health?Since the card is 100% digital, customers can avail it only through the app. The ‘PIXEL Play’ card is available for salaried persons between 21 years and 60 years of age with a monthly income of ₹25000.

The Uniswap (UNI) price just dipped to $9.0, just as hopes had been rising that it was about to reach for the $10 mark, with UNI now around 10% down from earlier session highs in the $9.80s.

U.S. prosecutors are pushing for a 5 – 7 year sentence for former FTX executive Ryan Salame on charges stemming from his time at Sam Bankman-Fried’s (SBF) doomed crypto exchange, according to a sentencing memorandum filed late Tuesday.

Canadian households have gotten good news on the cost-of-living front so far in 2024, with monthly inflation figures showing prices are rising below three per cent annually for the first four months of the year.

Often, I am asked by promoters why they are being asked to explain everything to shareholders, despite owning a majority of the company’s equity and having built it from scratch to scale. I have worked most of my professional life with Indian promoters, and I find that their ability to take investment decisions on a long-term view of a business or industry cycle is unparalleled.

Current valuation discounts in large private banks seem to be completely oblivious to the positive surprises and improved earnings momentum outlook, says Santanu Chakrabarti, Analyst – Banking and Finance at BNP Paribas. “This dichotomy appears incongruous as we also note best-in-decades balance-sheet hygiene, ample loan growth and materially higher operating costs already baked into the financials,” he says. HDFC Bank is the top pick of the brokerage within the banking space with a target price of Rs 2,470. Edited excerpts from a chat: What are your key takeaways from the overall earnings season as far as the financial services sector is concerned? How has the outlook changed now for FY25? Santanu Chakrabarti: The only headline negative surprise in 4QFY24, among our largecap banking coverage, was HDFC Bank.

With its base layer tokens and meme coins outpacing Ethereum ($ETH) so far for the year, Solana ($SOL) has been doing great. That could mean the younger Ethereum rival will outperform for all of 2024, but it may be Ethereum memes next as the cycle turns and the pendulum swings back to the leading DeFi blockchain.

simulation gaming arena, long dominated by The Sims, is about to witness a new contender. Paradox Tectonic's Life by You promises groundbreaking simulation depth, aiming to dethrone the reigning champion. Here's a comprehensive look at what this newcomer has in store. Features

higher studies abroad than before, but the US continues to be their preferred destination. In 2022-23, the US issued over 1.4 lakh student visas in India, more than in any other country. A major jump is expected.

financial savings to 6% of GDP in FY24 from 5.1% in the previous year, Goldman Sachs said in a report on Wednesday. “This (increase in net financial savings) is mainly driven by our estimate of higher gross financial savings of 12.5% of GDP (vs 11.0% of GDP in FY 2023) owing to our estimate of higher bank deposit growth,” it said. The global investment bank’s research unit noted that gross financial savings are expected to outpace the increase in household financial liabilities in FY24.

Paytm has paused its distribution of postpaid loans completely since February, signalling a notable shift in its lending approach. The value of postpaid loans distributed plunged over 90% to Rs 720 crore in the March quarter of FY24, from Rs 7,496 crore in the previous quarter, as per the company’s quarterly earnings release.