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Subscribe to enjoy similar stories. I don’t have many memories of my father, since I was only 8 when he passed away, but the ones I do have are quite vivid. One moment that stands out wasn’t tied to any special occasion.

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Bandhan Bank has reported a 30% rise in net profit for the second quarter at Rs 937 crore against Rs 721 crore in the year ago period, on account of year-on-year improvement in asset quality and higher earnings. The loan-loss provision was at Rs 606 crore compared with Rs 636 crore in the corresponding period last year. Operating profit was Rs 1,855 crore, up 17% year-on-year, backed by 21% higher net interest income at Rs 2948 crore.

JSW Steel, the country’s largest producer of steel, saw its profit plunge 85% on year in the September quarter weighed down by weaker realisations, and a one-time loss. The steel-maker clocked in a consolidated net profit of Rs 404 crore in the Jul-Sep period as against Rs 2,773 crore a year ago. Revenue from operations were down by more than 11% on year at Rs 39,684 crore.

Signify is considering moving some of its production out of China if the company is confronted with a new round of U.S. tariffs, its chief executive said on Friday. Signify, the biggest maker of lights globally, is looking at production sites in India, Indonesia and changing existing operations in Mexico, CEO Eric Rondolat said on a call with analysts after the company reported third quarter earnings. Former U.S.

income disparity coverage for those earning up to Rs 5 lakh annually between fiscal years 2013-14 and 2022-23, said a State Bank of India (SBI) report on Friday. To paraphrase the «often myth of worsening inequality» in India, the research report from the Economic Department of SBI has analysed the income disparity curves of assessment years (AY) 2014-15/FY14 and AY24/FY23. A comparison of disparity in income during AY15 and AY24 shows that there is a clear rightward shift in the income distribution curve, signifying people in lower income brackets are increasing their income to converge towards their share in population, it said. «Our analysis shows that there has been a cumulative 74.2% decline in income disparity coverage for those earning up to Rs 5 lakh. This shows the continuous efforts of Govt are reaching the bottom of pyramid — that is leading to increase in income of 'lower income group' people,» said the report titled 'How Tax Simplification has given a necessary fillip to ITR Filing'.

Nirma detergent. Karsanbhai Patel, an Indian billionaire businessman hailing from Gujarat, founded Nirma. Patel was born in Gujarat's Ruppur in 1945 in a financially constrained family but his spirit driven by determination and the relentless pursuit of excellence, helped him carve a niche foe himself in business.

Cryptocurrency prices showed a mixed performance on October 25, mirroring trends from the previous day. Major tokens such as Bitcoin, Ethereum, BNB, Dogecoin, Tron, Shiba Inu, and Chainlink experienced gains of up to 4.7%. In contrast, Solana, XRP, Toncoin, Avalanche, Polkadot, and Uniswap recorded losses of up to 3%. The global cryptocurrency market capitalization rose by 0.74%, reaching approximately $2.31 trillion over the past 24 hours. As of 3:08 p.m. IST, Bitcoin was trading at $67,492, reflecting a 0.97% increase, while Ethereum saw a slight rise of 0.1%, trading at $2,522.

Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Financial Services, says there are forces far bigger than the political circles playing into the market. The biggest force is the retail revolution, the inclusive development of the market where we are getting anywhere between 4-4.5 million customers. Last month, it was 4.35 million. The sustained flow of SIPs and even the block flows are providing a lot of resilience to the market and that is why this huge event of political upset has just gone by. Agrawal further says the real thing to watch out for the next 12 months is the earnings profile and how exactly the industries do and what are the factors which are impacting. Quarterly results might show just about 5-6% growth. All cylinders should fire in the second half. Q3 and Q4 should be better than the first half of the earnings. It has been a good Samvat here, whichever way you look at it. Raamdeo Agrawal: You cannot ask for more, in the sense that the index itself has done about 25-26% and on top of it, everybody's portfolio has done 5-6% better.

Russia’s central bank has raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation as government spending on the military strains the economy’s capacity to produce goods and services and drives...

Subscribe to enjoy similar stories. Creators are looking forward to "a wave of brand deals" headed their way with YouTube now allowing them to place product links in their videos. They can now earn a commission on sales of products that shoppers can now directly buy while watching a video, without leaving the app.

Subscribe to enjoy similar stories. Donald Trump’s businesses are as volatile as ever, but he is on firmer financial footing than he has been in recent years. Compared with 2020, however, victory or defeat in this year’s election will have more significant implications for the former president’s wealth, as well as his legal situation.

₹52,999 in India and went all the way up to ₹57,999 for the top end variant. If the leak does turn out to be true, it would signal that the iQOO 13 could be one of the only Snapdragon 8 Elite powered smartphones to not receive a price hike.

Yes Bank is expected to report a robust set of numbers in the September ended quarter aided by a growth in the lender's loan book. The net interest income could grow between 11% and 23% in the range of Rs Rs 2,129 crore and Rs 2,359 crore. Meanwhile, the net profit may rise by up to 115% to Rs 4,843 crore. The estimates have been given by JM Financial, Nomura and Kotak Institutional Equities.

Market veteran Madhusudan Kela says that within one market, a severe bear market and a severe bull market are going on simultaneously. The question is, do we have the ability to identify and spot real good sectors and real good companies? Also we have to recognise that in all of this allocation, expectation has to be moderate. From my perspective, return of capital is the first priority. Return on capital is the second priority. If you are intoxicated believing the bull market is going on and you can do anything, that phase is over. It is good to see you laughing and everybody in the last 12 months has been laughing. If you bought real estate, you have made money. If you had gold and silver, you would have been happy. And if you were in the equity market, you have every reason to smile. It has been a year of full all-round prosperity. Madhusudan Kela: It is not only one year. I would say from the COVID bottom, the last three-four years have been very good. If you look at the CAGR compounding of a small cap index or mid cap index, it is above 40%. Even Nifty from the low has compounded reasonably well. And stock pickers have had a phenomenal run in the last three-four years. It is in this context we are chatting today.

«So, it is a mix of both large as well as mid and smallcap stocks where we see that the valuation are reasonable or the growth should pick up,» says Abhijeet Bora, JM Financial Services Ltd. This Diwali has become a bit sombre with the kind of cuts we have seen in the market. It looks like 6% at the index level in this month but if you look at the smallcap, midcap and portfolio level, the cuts are much larger. Given all of that and given we have got a healthy correction, do you have a shopping list ready of some of the stocks that people can look at buying? Abhijeet Bora: Yes, we have recently released our Diwali picks where we have around 10 stocks. It is a mix of both large and midcap and across various sectors. So, starting with largecap space, we like Reliance Industries, we like Power Grid, we like Jindal Steel, we like Bajaj Finance in the largecap space. And there are a few midcap companies like Gravita is there, Ashoka Buildcon is there. So, it is a mix of both large as well as mid and smallcap stocks where we see that the valuation are reasonable or the growth should pick up.

Hindustan Petroleum Corporation (HPCL) on Friday reported that its consolidated net profit fell 97.5% year-on-year (YoY) to Rs 142.67 crore as against Rs 5,826.9 crore reported in the corresponding quarter of the last fiscal year. HPCL’s revenue for the quarter rose 5.3% YoY to Rs 1,07,754.9 crore, up from Rs 1,02,288.6 crore in the corresponding quarter of the previous year.

Falguni Nayar, founder and chief executive of beauty and fashion retailer Nykaa, said quick commerce has impacted offline channels such as general and modern trade within the personal care category, and that the Mumbai-based company would not get into multiple categories of quick commerce “just for the sake of” ultra-fast delivery. “The industry is developing in a manner…where quick commerce is taking demand from traditional neighbourhood stores,” she said in a virtual interview with ET, ahead of launching the second edition of Nykaaland, the company’s beauty and lifestyle festival where it collaborates with brands for new launches. Nayar’s comment on the fast-growing quick-commerce channel comes at a time when various retail formats — including ecommerce — is impacted by the rapid rise of platforms like Blinkit, Zepto and Swiggy Instamart besides new entrants such as Flipkart Minutes, offering deliveries as fast as in 10 minutes.

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