Financial Financial News
17.01 / 05:29
markets
IPO
FIVE
Booking
cover
Updates
Financial
HDFC Bank Q3 results: From HDB Financial IPO to distribution network - 5 important things to know from management call
₹16,372 crore in the third quarter of FY24. The bank’s net interest income (NII) in Q3FY24 rose 24% YoY to ₹28,470 crore. The bank recorded loan growth of 4% QoQ while deposits grew 2%.
17.01 / 03:51
UPS
information
reports
Courts
rights
Financial
We must make lasting moves against the mis-selling of financial products
A recent news report in The Times of India suggests that in order to curb mis-selling, “insurance agents may be required to maintain audio-visual records of [the] sales pitch" they make to prospective buyers of insurance policies. A letter suggesting the same seems to have gone from the Centre’s consumers affairs secretary to the financial services secretary.
17.01 / 02:07
markets
UPS
Google
JPMorgan
Trade
Profiles
Financial
Morning Coffee: Lavish pleasures of the dual income financial services family. London cuts likely as brokers merge
If you live in a family with a single financial services income, you may find that your life isless lavish than you'd envisaged and that you can't afford all the things you want. If you live in a family with two, though, you can buy hundreds of pairs of shoes and a custom-made closet to accommodate them.
16.01 / 19:37
social
reports
Financial
Jio Financial tweaks plans after RBI move on unsecured lending
Bajaj Finance by launching Jio Financial Services, with the venture resulting from the demerger of Reliance’s financial services business. It has already launched personal loans for the salaried and self-employed in Mumbai, besides consumer durable loans across 300 stores in India. The services are also available on the MyJio app.
16.01 / 14:09
Platform
Action
Discover
wellness
Instagram
social
reports
Financial
Despite more than $2B in fines, financial industry still uses risky communications
The use of messaging apps has become a major talking point in the financial services industry following the eye-watering fines given to some big names in the industry, totaling more than $2.5 billion.
16.01 / 10:01
markets
SUN
security
Parke
performer
information
Financial
NFO Alert: All you need to know about WhiteOak Capital Banking and Financial Services Fund
₹1,000 per plan/option and in multiples of Re 1. There is no upper limit for investment.
16.01 / 05:30
Provident
security
WhatsApp
Trade
reports
Updates
Financial
Jio Financial Services share price tanks over 6% after Q3 results
₹250.10 apiece on the BSE. The demerged entity of Reliance Industries, Jio Financial Services Ltd (JFSL) recorded a 56% quarter-on-quarter (QoQ) decline in their net profit for the third quarter of FY24 at ₹293.82 crore from ₹668.18 crore in the September quarter. The company’s revenue in Q3FY24 slumped 32% to ₹413.61 crore from ₹608.04 crore, QoQ.
16.01 / 02:49
COST
FIVE
BLOCK
cover
International
Financial
Stocks to Watch: Jio Financial Services, PNC Infratech, NALCO, Angel One
Jio Financial Services: The company recorded a consolidated profit of ₹293.82 crore for the December quarter, against ₹668.2 crore in the previous quarter. Revenue from operations came in at ₹413.6 crore against ₹608 crore during the previous one as the company had no dividend income in the quarter, against ₹216.85 crore in the previous one. NALCO & Hindustan Copper: Khanij Bidesh India Ltd (KABIL), a joint venture between NALCO, Hindustan Copper, and Mineral Exploration Co.
15.01 / 18:43
UPS
security
BlackRock
International
Financial
Jio Financial Services zooms 8x to Rs 70 crore in Dec Quarter
Reliance Industries' financial services arm Jio Financial Services said its profit increased eight times to ₹70 crore in the quarter ended December 2023 from ₹8 crore in the previous year due to higher interest income and gains on fair value changes. Total interest income at the financier, owned by India's most valued company, increased to ₹91 crore in December 2023 from ₹12 lakh a year ago. The non-banking finance company also gained from a ₹44 crore gain on fair value changes, up from ₹35 crore a year ago. The gains were added to the company's revenue.
15.01 / 14:39
Remark
performer
information
reports
International
Financial
Jio Financial Q3 Results: Net profit recorded at ₹293.82 crore, revenue at ₹413.61 crore
₹668.18 crore in Q2FY24 to ₹293.82 crore during the period under review. The quarterly revenue of Jio Financial Services slumped 32% from ₹608.04 crore during the quarter ending September 2023 to ₹413.61 crore during Q3FY24. In the nine-month period ending December 2023, Jio Financial Services witnessed a significant jump in financial performance as compared to the fiscal year ending March 2023.
15.01 / 14:39
FIVE
Digital
Align
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Metro
Diversity
reports
Financial
Women in Finance: 47% of female Indian earners in metros take independent financial decisions, says survey
DBS Bank India, said, “Ownership of financial decision making, diverse investment and borrowing choices and growing adoption of digital channels are all evidence that the modern Indian woman is not just a participant, but a planner of her journey." The financial paths of women are as varied as their individuality. The manner in which they save, borrow, and invest money depends on many factors such as age, income, cultural background, and access to resources. As per the survey, women earning in metropolitan areas demonstrate a preference for low-risk investments, allocating 51 percent of their funds to fixed deposits (FD) and savings accounts.
15.01 / 13:25
Experts
information
reports
International
Financial
Jio Financial Services Q3 Results: Consolidated PAT slumps 56% QoQ to Rs 294 crore, revenue drops 32%
Jio Financial Services on Monday reported a 56% sequential fall in consolidated net profit for the quarter ended December 2023 to Rs 294 crore. Consolidated revenue from operations fell nearly 32% from the previous quarter to Rs 413.61 crore. Total expenses for the December quarter were Rs 98.95 crore compared with Rs 71.43 crore in the September quarter. The total tax outgo for the quarter was Rs 88 crore compared to Rs 86.3 crore in the preceding quarter. The consolidated earnings of Jio Financial include that of its subsidiaries, associates, and joint ventures.
15.01 / 03:49
security
BlackRock
Research
Experts
performer
track
reports
Financial
Q3 results today: Jio Financial, Angel One among 24 companies to announce earnings
earnings season, as many as 24 companies will announce their December quarter results on Monday. Street will be keeping a track on Mukesh Ambani promoted Jio Financial Services.
14.01 / 12:59
Provident
Target
students
MCD
reports
Department
Schools
Financial
audit
Nearly 49% students in MCD schools didn't get financial benefits under welfare schemes from 2016-17 to 2022-23: Audit report
MCD schools were deprived of financial benefits under various schemes from 2016-17 to 2022-2023 session, an audit report of the municipal body's Department of Education, shows. According to the audit report dated November 11, 2023, the Municipal Corporation of Delhi's Education Department failed to provide the financial benefits under different schemes of the government of NCT Delhi to nearly 3,83,203 students due to non-opening of bank accounts required for the disbursement of funds.
13.01 / 06:27
markets
Provident
Aware
Strategy
Research
performer
information
Financial
Chasing Financial Success: Daniel Kahneman's 'Thinking, Fast and Slow' teaches 4 valuable investing lessons
investing lessons include: “The best we can do is a compromise: Learn to recognise situations in which mistakes are likely and try harder to avoid significant mistakes when the stakes are high." This statement encapsulates the essence of navigating life with an acknowledgment of both our cognitive strengths and limitations. Recognising that errors are an inherent part of the human experience marks a crucial initial stride toward becoming a more insightful and efficient individual.
12.01 / 14:55
COST
UPS
Target
Analysis
economy
show
reports
Financial
Posthaste: Bank of Canada has 'one of the toughest jobs in financial industry this year,' TD says
TD Bank economists don’t envy the job facing the Bank of Canada, calling it “one of the toughest … within the financial industry this year” as the central bank faces pressure to correctly time the first interest rate cut since its historic hiking cycle peaked in July.
12.01 / 12:39
Provident
security
Strategy
economy
love
social
recommendations
Financial
National Youth Day: How insurance products can help young Indians achieve their long-term financial goals
With India expected to have one of the youngest populations across major economies in the world till at least 2030, it is important to secure the financial and social security of the country’s youth in order to capitalise on this demographic dividend. Towards this end, it is critical that they develop the requisite financial skills that can nurture good financial practices and begin their wealth creation journey as soon as they gain formal employment.
12.01 / 09:31
Manufacturing
CEO
Platform
Sustainability
social
Investment Opportunities
Financial
Beyond financial returns: How today's youth are balancing profit with purpose with sustainable investment opportunities
renewable energy for a cleaner future, 'Make in India' for domestic manufacturing, and EV infrastructure development. Key in this arena is the rise of green infrastructure, like LEED-certified buildings, which exemplify sustainable real estate practices. ESG (Environmental, Social, and Governance) criteria further enrich this domain, enabling investors to evaluate companies on broader societal impacts.
12.01 / 06:15
markets
UPS
Platform
Experts
Freedom
information
2024
Financial
12 essential financial planning rules for a successful investment journey in 2024
outlook for gold and equities in 2024? Will gold continue to rally with geopolitical tensions rising? Will equities continue outperforming or take a backseat? This is where financial planning and asset allocation are important. As an investor, your focus should be on financial planning and not chasing returns. The new year brings a lot of enthusiasm and optimism.
12.01 / 02:01
11.01 / 20:51
UPS
pandemic
Universities
Department
Schools
NOT
Financial
Arizona will not cut sports under plan to shore up financial difficulties
The University of Arizona will not cut any sports as it tries to shore up financial difficulties prior to the school’s move from the Pac-12 to the Big 12
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