Schools Financial News

Mahantesh Sabarad, Independent Market Expert, says “most of the banks, like I have told you before, now have a problem related to growth because the deposit growth, which was lagging in the past, has caught up for the past three-four months but is not enough. That means that the growth on the advancing side is going to be constrained.” What is your first sense on the numbers, the profitability is a smidge lower. But if I am looking at other internals, they do not look too bad. What's your initial take? Mahantesh Sabarad: I have not been able to look at NPA numbers, let me know, because that was what was a little crucial for them to look at. And from a perspective of growth, which is the advances growth, I do not think they have achieved a great number. The net NPA percentage has come down to 0.34 versus 0.37 last quarter and net NPA stands at 1.73 versus 1.72. So there is a smidge of, you know, decline in gross NPA, but net NPAs have actually improved. Mahantesh Sabarad: I have been able to read it from a stand-alone perspective. So there is not much in terms of a material improvement in the asset quality for them. What was expected is that they were working on the asset quality related issues but that does not seem to have come down for them. As far as the top line, which is the NII is concerned, it suggests that the NIMS are steadier for them. So the result seems to be alright. But the NPAs are a little worry.

ALSO READ: AIMIM chief Asaduddin Owaisi's remark ahead of Ram Temple opening, says ‘We have lost our Masjid…’ "...the Muslims had offered namaz in that area (Babri Masjid) for 500 years. When Congress's GB Pant was the chief minister (of Uttar Pradesh), idols were placed inside the masjid at one night...but the idols were not removed from there... there was a collector named Nair.

demat accounts, ATMs, and Credit Cards. In a circular dated 12 January, the Securities and Exchange Board of India (Sebi) has planned to offer the facility of voluntary freezing or blocking of the ‘Trading Accounts’ by clients. SEBI's new security measure will allow customers to voluntarily freeze their trading accounts using various security measures, lowering the likelihood of unlawful trades.

CBSE) will conduct the first exams in the latest format from 2025, except for the one instance in 2021 when the exam was split into two due to Covid-19. The new system of twice-a-year board exams for Class X and XII will not be compulsory, according to the official as quoted by TOI. “The system aims to reduce stress on students who fear missing out on a single opportunity. If a candidate is prepared and is satisfied with the score in one set of exams, he can choose not to appear for the next exam,” he said. In 2023, a total of 38.82 lakh candidates appeared for Class X (21.86 lakh) and XII (16.96 lakh) CBSE boards.

Apple has reached an agreement to settle a US class action lawsuit, in which the company will be paying $35 million to iPhone 7 and iPhone 7 Plus users, who were prone to audio issues due to a defective chip in the devices. The company has now started notifying eligible customers by email, MacRumors reported.

Shirish Pardeshi of Centrum Broking, says “in the next two quarters, the price value led growth would be lower and which will normalize from the first quarter or even in Q4, unless there is a drastic change in the economic indicators, which can push the volume. Further Pardeshi says: “Starting from Q1, when the business is getting split into beauty and well-being and the personal care and also there is attention in terms of ad spends and promotion spends, it will definitely lift the growth momentum for the company.” A top down miss, the underlying volume growth of 2%, how are you reading into the numbers and did you anticipate this kind of a downfall for HUL? Shirish Pardeshi: Two things are very clear. We know that HUL draws a lot of business from the rural areas and there the expected recovery around the festive season has not happened. That is the first part.

Waymo, Alphabet Inc's autonomous driving unit, said on Friday it had applied to the California Public Utilities Commission to expand its driverless service in Los Angeles. A license would allow Waymo, which operates extensively in San Francisco, to fully operate its fleet in Los Angeles, California's largest city, where it is now testing rides, allowing new rides only by invitation.

The rally in rail stocks seems to be far from over, with stocks like IRFC witnessing a 41% gain in the week. “Given the trend and momentum, the stocks in this space are experiencing increasing demand every single day. I believe this momentum might carry over in the short term, and dips would be bought into. So, consider dips to get into the stocks in the railway space,” says Rupak De, Senior Technical Analyst at LKP Securities. Edited excerpts: Following the buying seen on Friday, how does the Nifty chart look like for monthly expiry ahead? How strong is the support at around the 21,300 level? Rupak De: Following a carnage on Wednesday, the bulls made a strong comeback on the last day of the week, taking Nifty back above the 21EMA.

Apple is prepared to open the iPhone's ability to tap-to-pay to rivals — in the EU — after coming under fire for keeping users in its own ecosystem, the European Commission and the company said on Friday. The commission, the European Union's market regulator, said it was weighing Apple's proposal, which was made after Brussels determined that the Cupertino company enjoys a dominant position in iOS mobile wallet transactions by shutting out competitors.

Elon Musk has said a report that his artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal is inaccurate. «This is simply not accurate,» he said in a reply to a user post about the Bloomberg article on social media platform X.

China's Henan province, the official Xinhua news agency reported Saturday. The blaze at the Yingcai School in Henan's Yanshanpu village was reported to the local fire department at 11 p.m. (1500 GMT) Friday night, Xinhua said.

Elon Musk's artificial intelligence (AI) company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, Bloomberg News reported on Friday. The artificial intelligence (AI) startup xAI is discussing a valuation of $15 billion to $20 billion, though terms could still change in the coming weeks, the report added, citing people familiar with the matter.

Microsoft said on Friday that a Russian state-sponsored group hacked into its corporate systems on Jan. 12 and stole some emails and documents from its staffs' accounts. A Russian hacking group known in the cybersecurity industry as Nobelium, or Midnight Blizzard, used a «password spray attack» starting in Nov. 2023 to breach a Microsoft platform, the company said in a blog. Hackers use this technique to infiltrate a company's systems by using the same password across multiple accounts.

Brookfield Asset Management Ltd. is in talks to invest in Dubai-based GEMS Education, one of the world’s largest private school operators, people familiar with the matter said.

Canadian cities need to relax their zoning policies if they want to tap into billions in federal funds available for new home construction. That was one of the messages delivered by Sean Fraser, the federal minister of housing, to a lunchtime audience at the Empire Club of Canada in Toronto on Jan. 17. Here are three key take-aways from the event.

Ayodhya Ram Mandir ceremony: The state and central governments, along with several other institutions, have made a slew of announcements, informing people about the closures and operation timings of public places and government offices on January 22. The nation is all set to witness the grand consecration ceremony or "pran pratishtha" of the Ram temple in Ayodhya on Monday, January 22. As the preparations to celebrate the "historic" day are underway across the country, here's a quick recap of what's open and what's closed on the day of the Ram temple ceremony.

Aileen Lee, cofounder of seed venture capital firm Cowboy Ventures. Lee, who coined the term unicorn for startups valued at $1 billion or more, said more startups are likely to join the club where unicorn valuations will trade lower.

More than 40% of all CFO searches done by Korn Ferry in recent times were around new age companies that are planning to get listed, said Rahul Kakkar, partner and India head, CFO Practice, at the leadership advisory and senior executive search firm.

Indian startups dropped about 80% on year this week, totalling $143.9 million across 26 different deals. Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.

Ajit Venkataraman, MD, Finolex Industries, says “Our profitability has improved significantly, if you see, over the past. In the normal operating condition, our profitability has improved from Rs 7.5 per kg to almost Rs 10-11 per kg. That is mainly due to a better product mix that we have had, more of non-agri contribution to the overall mix. And going forward, we expect it to be reaching almost Rs 12 per kg going forward.” Earlier you gave a volume growth guidance of 15-20% for pipes and fittings. Considering that volume has seen a decline for both these segments does this guidance then stand intact? How does FY25 look in terms of volumes? Ajit Venkataraman: The guidance was based on the basic fundamentals. You are going to see a few blips along the way. For example, the volumes in the agri segment have been fairly lukewarm since the end of Q2 and have not really picked up to the extent that we had seen last year but the fundamentals remain strong and the forecast for FY25 remains the same.

boat accident in Harni lake on the outskirts of Vadodara city in Gujarat, three persons, including a manager of a contractor, have been arrested, said a police official on Friday. Following the tragedy on Thursday afternoon, the Harni police had registered an FIR under sections 304 (culpable homicide not amounting to murder) and 308 (attempt to commit culpable homicide) of the Indian Penal Code against 18 persons, including the partners of Kotia Projects, which was given the contract to run Harni Lake Zone by the civic body. «We have already arrested the manager of the Harni Lake Zone, Shantilal Solanki, and two boat operators — Nayan Gohil and Ankit.