UPS Financial News

Bank of Baroda on Friday reported a 2.3 per cent growth in its standalone net profit of Rs 4,886 crore for the March quarter, restricted by a hit due to its exposure to the grounded airliner Go First and also setting aside money towards pension liabilities. On a consolidated basis, the lender's net profit declined to Rs 5,132 crore from Rs 5,255 crore in the year-ago period. For 2023-24, the same rose to Rs 18,767 crore from the Rs 14,905 crore in the year-ago period. For the reporting quarter, the core net interest income rose 2.3 per cent to Rs 11,793 crore on the back of a 12.5 per cent increase in advances, and a 0.26 per cent decline in net interest margin to 3.27 per cent. The non-interest income rose 20.9 per cent to Rs 4,191 crore on the back of an increase in treasury income and fee income, and supported the overall profit growth.

brick-and-mortar push. Companies such as Licious, Noise, and Wakefit.co are looking to hire those with hyperlocal understanding, knowledge of online and offline landscapes, and experience in digital, ecommerce, and supply chain, besides sales and on-ground staff.

insurance companies garnered a premium income of Rs 2,89,738 crore in 2023-24, around 13 per cent higher than that of the year ago. Non-Life insurance industry had collected a premium of Rs 2,56,894 crore in the preceding year, according to data posted by Gebneral Insurance Council. Of this, 35 general insurance firms reported an increase of 14 per cent in their premium at Rs 2,45,433 crore during the year against Rs 2,14,833 crore in the previous year. Five standalone health insurers together collected a premium of Rs 33,116 crore during the year, up 26 per cent from Rs 26,244 crore a year earlier, the data showed.

Cholamandalam Financial Holdings Ltd on Friday reported a 26.9 per cent growth in its consolidated profit after tax at Rs 1,143.75 crore for the March 2024 quarter, the company said. The city-based company, part of the diversified conglomerate Murugappa Group, had registered net profits of Rs 900.77 crore during the corresponding period of last year. For the year ending March 31, 2024, the consolidated net profits grew by 37 per cent to Rs 3,850.56 crore, from Rs 2,809.62 crore registered a year ago.

₹554 crore, while Premji Invest, and its associates, will pick up the remaining 19.26% equity for another ₹132 crore. According to a company statement, the transaction is subject to approvals from the Competition Commission of India, and the Reserve Bank of India. JM Financial acted as the financial advisor to Home Credit India Finance, while Khaitan & Co.

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ugcnet.nta.ac.in and apply for the same. As per notification, the NTA will conclude the online registration process of the UGC – NET June 2024 on May 15, 2024. Registered candidates can make fee payments till May 12, 2024 up to 11:50 pm through credit card/ debit card/ net banking/ UPI.

Are you on the hunt for the most promising crypto investments for 2024? With the dynamic shifts in the blockchain landscape, pinpointing the best opportunities becomes crucial. BlockDAG , Shiba Inu, and Fantom are three names that have been generating significant buzz. But what makes them stand out in the crowded market?

GT Verse. The GT Verse encompasses both the GT 20 Pro mobile and the GT Book laptop, alongside an array of gaming accessories such as the MagCase, Finger Sleeves, cooling fans, RGB mat, RGB headphones, and RGB mouse. The GT 20 Pro smartphone, recently announced globally, comes with a large 6.78-inch FHD+ AMOLED display, featuring a peak brightness of 1,300 nits and a 144Hz refresh rate, ideal for high-speed gaming.

EXIM Bank finances and facilitates India's international trade. Fitch Ratings said it has affirmed the bank's Long-Term IDR at 'BBB-' and its Government Support Rating (GSR) at 'bbb-'.

Reserve Bank of India and finance ministry, as the stiff provisioning norms can potentially dry up bank finance for infrastructure projects and make loans costlier. The immediate concern for the sector is whether the changes would derail MoRTH’s plan to revive BoT (build operate transfer) projects for highways, where private investment is expected to come after a long interval.

Bharatiya Janata Party’s candidate from Chandni Chowk Lok Sabha seat. With a membership of 42 retail associations, FRAI organised an event in New Delhi to support Praveen Khandelwal on May 10. The FRAI representatives said that they want Khandelwal to highlight the interests of retailers in the Parliament.

₹939.04 crore for the March quarter, up 78.64% year-on-year due to higher demand in key markets. The company's consolidated revenue during the quarter rose 7.4% YoY to ₹6,163.24 crore, according to a filing with the exchanges. While the net profit beat profit estimates given by Bloomberg’s poll of analysts, the revenue was below expectation.

If you buy an electric vehicle rather than one with a gas engine, will it help the economy? The more common question is whether EVs help the environment. The answer is that they do, in terms of carbon emissions, albeit with wide variation depending on how the electricity that powers it is generated and where its battery materials come from. This has long underpinned government support in many countries, including the U.S.

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I received my 2023 Notice of Assessment this week and it contained the full details of my tax assessment, an explanation of changes and other important information, along with a one-page detailed registered retirement savings plan (RRSP) deduction limit and available contribution room statement. What it did not contain, however, was a similar statement about my available tax-free savings account (TFSA) contribution room.

Bank of Canada officials are monitoring pockets of increasing leverage and “stretched” asset valuations that could pose a threat to financial stability in the event of major price swings, but see no signs that a repeat of the 2008 Financial Crisis is imminent.

Average fixed mortgage rates tiptoed slightly lower this week, but the leading offers didn’t budge.

JSW Energy Ltd.(up 7.41%), Indo Tech Transformers Ltd.(up 5.00%), NTPC Ltd.(up 2.74%), Power Grid Corporation of India Ltd.(up 2.57%), Inox Wind Energy Ltd.(up 2.49%), Transformers & Rectifiers(India)Ltd.(up 2.40%), NLC India Ltd.(up 2.12%), Gujarat Industries Power Company Ltd.(up 2.04%), Jaiprakash Power Ventures Ltd.(up 1.97%) and Jyoti Structures Ltd.(up 1.89%) stood among the top gainers.

To help you find a barcode scanner that is within your budget, we have curated this list of the best barcode scanners under 2000 in India. All of these barcode scanners are equipped with the latest technology and you can place your order using the buying links shared in the article below.

Shares of Bandhan Bank Ltd.(up 2.33 per cent), Federal Bank Ltd.(up 1.85 per cent), Punjab National Bank(up 1.44 per cent), Au Small Finance Bank Ltd.(up 1.14 per cent) and IDFC First Bank Ltd.(up 0.93 per cent) ended the day as top gainers in the pack.