WhatsApp Financial News
13.10 / 10:27
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HDFC Bank Q2 Results Preview: Margin contraction seen after merger; here’s what to expect
HDFC Bank after it was merged with mortgage lender Housing Development Finance Corporation (HDFC) effective July 1. The overall banking sector is expected to see healthy credit growth in the quarter ended September, but margins are likely to compress due to cost catch-up and the impact of Incremental Cash Reserve Ratio (ICRR). Analysts expect the creation of excess liquidity could affect the net interest margin of HDFC Bank in Q2FY24.
13.10 / 09:53
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HDFC Life Q2 Results: Net profit grows 15% YoY to ₹378 crore
₹378 crore for the second quarter of FY24, registering a growth of 15% from ₹329 crore in the same quarter last fiscal. The company’s net premium income in Q2FY24 increased 13% to ₹14,797 crore from ₹13,138 crore in the year-ago period. The first-year premium registered a growth of 6% at ₹2,566 crore as compared to ₹2,423 crore, YoY.
13.10 / 09:53
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NOT
Buying a house this festive season? Top reasons for not opting for a joint home loan
home loan can lead to legal complexities, making it essential to have clear documentation in place. “Additionally, joint loans limit borrowing flexibility until the loan is repaid, which may affect individual financial goals," added Gupta The joint home loans have their disadvantage for both the applicants. "When one applicant voluntarily or involuntarily decides to move out of the repayment potential (that is due to the job loss).
13.10 / 09:53
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share price
Plaza Wires share price locked in 5% upper circuit, gains 56% in two sessions
₹84.24 apiece on BSE today. Plaza Wire shares were listed at a premium on the bourses on Thursday.
13.10 / 09:53
IPO
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prevention
fraud case
Taksheel solutions IPO scam: ED arrests three people under PMLA in ₹80 crore fraud case
₹80 crore IPO fraud case. The ED arrested Nirmal Kotecha, Pavan Kuchana and Kishore Tapadia under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 on October 11.
13.10 / 09:53
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country
'What freebies? Modiji's ₹15 lakh...': Congress on allegations of promising freebies in elections
Congress has raked up their effort in winning the upcoming assembly elections, being considered the semi-finals before the 2024 Lok Sabha Polls. The Bhartiya Janata Party (BJP) has been hitting out the grand old party in their election rallies, targeting what the former calls ‘freebies’ or poll guarantees. The saffron party has been alleging that Congress was promising ‘freebies’ in poll-bound states in order to gain votes.
13.10 / 09:45
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travelers
recommendations
What's the forex rate?
Whether you are planning overseas travel or want to send money abroad, it is always a good idea to shop around for the best forex exchange rate. From banks, travel aggregators to money changers, various small and big players sell foreign exchange.
13.10 / 09:11
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reports
Stocks to buy: Centrum picks 4 infrastructure stocks for up to 35% upside
Also Read: Stocks to buy: Zomato, Nykaa, PB Fintech among JM Financial’s top picks in internet sector ahead of Q2 results Among the infra stocks, Centrum Broking has a Buy rating on G R Infraprojects, HG Infra Engineering, KNR Constructions and PNC Infratech. Centrum Broking builds in 5% and 2% YoY increase in Revenue and PAT for GR Infraprojects on account of weak order inflow in FY23. The order inflow momentum has not picked up yet with only 2 order wins aggregating to ₹1,820 crore, YTDFY24.
13.10 / 09:11
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Casino Siteleri – Güvenilir Casino Slot Siteleri
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13.10 / 09:11
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beautiful
WomenCart Limited IPO opens on Monday, issue price set at ₹86. Check GMP, review, other details
₹86. The face value of equity shares is ₹10 each and the issue price is 8.6 times of the face value of the equity shares.
13.10 / 09:11
COST
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Qualcomm
information
reports
Qualcomm plans to layoff over 1,200 employees in California: Report
Bloomberg reported. In the notifications, the company informed that the job reductions will begin around mid-December. The San Diego-based company is required to make the filings under California rules.
13.10 / 09:11
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Experts
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Fixed-income investments: Three factors to consider when rebalancing your portfolio
Fixed-income investments are investments that provide a fixed or stable return on investment over a specified period of time. These can be used by investors to diversify their portfolio given these are not as risky as derivatives and equities. Because the returns in fixed-income investments are reliable, it is particularly popular amongst senior citizens.
13.10 / 09:11
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Death
Inside
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Israel-Hamas war news: Israel airstrikes on Gaza kills 13 Israeli, foreign hostages
Israel-Hamas war news: At least 13 Israelis and foreign hostages were killed in the airstrikes by Israel Defence Forces (IDF) on the Gaza Strip as per the militant arms Hamas. The hostages were part of around 150 Israeli and foreign nationals who were taken hostage by Hamas after their brutal assault on Israel on Saturday. Ezzedine al-Qassam Brigades, the military wing of Hamas released a statement informing about the death of 13 hostages in the airstrikes by Israel Defence Forces (IDF).
13.10 / 07:57
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Rupee trades flat against US dollar amid likely RBI intervention
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) On the domestic front, India's headline retail inflation rate, or the Consumer Price Index (CPI), cooled down to a three-month low of 5.02% in September led by drop in vegetable prices, according to data released by the Ministry of Statistics and Programme Implementation on Thursday. Inflation print for August was 6.83%.
13.10 / 07:57
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exclusive
Hindu Undivided Family: Why you should go for a full partition of your HUF?
HUF then continues with my 4 family members. Post the partial partition my brother and his family will have no claim in the HUF. Later at any given time, I can fully partition the HUF amongst my family after taking the ITO assessing officer’s concurrence.
13.10 / 06:59
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Qualcomm
MacRumors
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Leak
iPhone 16 Pro leak: 5G Advanced network with Snapdragon X75 modem expected, reveals tipster
iPhone 16 Pro Max are likely to get the tetraprism zoom lenses which would let them capture 5X optical zoom pictures. Now, a recent leak from Jeff Pu has surfaced which indicates that the next generation of iPhone Pro models will support the 5G Advanced network. This will be further aided with the help of Qualcomm Snapdragon X75 modem.
13.10 / 06:45
FIVE
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Chhattisgarh Assembly elections 2023: Arvind Kejriwal-led Aam Aadmi Party (AAP) releases third list of candidates
Congress is yet to announce its nominees. The Election Commission has announced that the first phase of polling for 20 seats in Chhattisgarh will be held on November 7, and the remaining 70 seats in Chhattisgarh will go to polls on November 17.
13.10 / 06:45
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President
Celebrity
PM Modi highlights India's achievements at G20 Parliamentary Speakers' Summit, says ‘G20 ensured festivities’
G20 Parliamentary Speakers' Summit (P20) and said that the G20 presidency ensured festivities in India throughout the year. He cited an example of India's successful landing on the Moon. “India landed on the Moon.
13.10 / 06:45
COST
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UBS
Costs
UBS downgrades SBI to ‘Sell’, cuts target price on credit costs, margins concerns
State Bank of India (SBI) to ‘Sell’ from ‘Buy’ amid concerns over higher credit costs, narrowing margins and anticipated declines in Return on Asset (RoA) and Return on Equity (RoE) by the financial year 2025. The foreign brokerage has also slashed the target price of SBI to ₹530 from ₹740 earlier. UBS expects retail loan delinquencies to rise, driving up credit costs in FY25.
13.10 / 06:45
SoftBank
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reports
2024
China’s Didi Global plans Hong Kong listing in 2024: Report
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Days after its debut in New York, the Cyberspace Administration of China (CAC) had launched an investigation into Didi, citing a need to protect national security and the public interest. The company was fined $1.2 billion in July 2022 over data-security breaches and was banned by Chinese regulators from taking on new users and its app not available from mid-2021 until January 2023, the report said.
13.10 / 06:45
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Excise policy case: Delhi HC agrees to hear AAP leader Sanjay Singh's plea against arrest. Details here
ED custody till 13 October. The ED's money laundering case stems from the CBI FIR. "Exciting news! Mint is now on WhatsApp Channels
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