These banks including the banking sector leaders such as HDFC Bank and ICICI Bank account for a majority share in service sector credit at 51% in FY24. In retail credit, public and private sector banks account for equal share at 49% each.
According to the term sheet, the German firm is likely to sell at a floor price of Rs 14,980, a 13.3% discount to Tuesday’s closing price Rs 17,277.15. The deal is expected to fetch Rs 1,423 crore to the promoter . Citigroup is the banker to the deal.
There can be positive surprises, I do not rule it out. But I think, you see we give a number when we are totally convinced about it and our approach is not to sort of gamble by giving a higher number. Our overall approach as a central bank is always very conservative in the sense that when we are absolutely sure about a particular number, we give it.
A tragic incident occurred in Bihar as a section of the bridge over the Bakra River in Araria collapsed. The video capturing the bridge collapse has circulated widely on social media. This bridge had previously collapsed in 2020 due to heavy rainfall, causing 12 individuals, including four motorcyclists, to fall into the Bakra River near Udahat, under the jurisdiction of Jokihat police station.
The domestic brokerage firm also stated that the bank managements are already adopting various means including driving staff KRAs and incentivizing employees towards higher deposit augmentation and the recent branch expansion of most banks in semi-urban/rural areas will drive the CASA deposits momentum
Digi Yatra is currently used by air travellers for paperless movement through airport checkpoints. In this procedure, biometrics such as a facial scan are used instead of a boarding pass. As of now, this facility is available at 14 airports in India, and 15 more airports are set to have it by 2024-end.
The deal is valued at up to $ 1.09 billion, according to the term sheet.
Israeli Prime Minister Benjamin Netanyahu has disbanded his war Cabinet, consolidating his influence over the Israel-Hamas war and potentially diminishing the chances of a cease-fire in the Gaza Strip. The move came days after his chief political rival, Benny Gantz, withdrew from the three-member cabinet. Major war policies will now be approved by Netanyahu's security Cabinet, a larger body dominated by hard-liners who oppose the U.S.-backed cease-fire proposal and want to press ahead with the war.
The Nifty IT index closed 0.59 per cent up at 34802.95.
The fund house had an allocation of 5.5% each in both these banks in May. It added 14.41 lakh shares of HDFC Bank, leading to an increase in weight by 0.3% from the previous month
Indian defence sector firms are showcasing their products at the EUROSATORY 2024 defence show in France. The exhibition features Indian products such as the Pinaka multi-barrel rocket launcher system and the LCA Tejas fighter aircraft. The India pavilion was inaugurated by Indian Ambassador to France, Jawed Ashraf. The Defence Research and Development Organisation (DRDO) showcases 11 major defence technologies and products.
Prime Minister Narendra Modi, during his visit to Varanasi, released the 17th instalment of the PM Kisan Samman Nidhi Yojana on Tuesday. The scheme aims to benefit more than 9.26 crore farmers with financial assistance totaling over Rs 20,000 crore. This initiative, launched in 2019, provides Rs 6,000 per year in three installments to land-holding farmers through Direct Benefit Transfer (DBT).
PM Kisan 17th installment: Prime Minister Narendra Modi released the 17th installment of PM Kisan Samman Nidhi benefits to the beneficiary farmers in Varanasi during his one-day visit. Under the PM Kisan scheme, a direct payment of Rs. 6000 per year will be transferred in three equal installments of Rs. 2000 every four months
The Nifty Realty index closed 1.88 per cent up at 1150.3.
Himachal Pradesh CM Sukhvinder Singh Sukhu approved one-year age limit relaxation for 1226 Constable recruitment. State Cabinet meeting chaired by Sukhu granted the relaxation.
The highly anticipated wedding will take place on July 12 at the prestigious Jio World Convention Centre in Bandra Kurla Complex (BKC), Mumbai.
The rupee rose after drifting in a 10 paisa range last week, with multiple interventions by the Reserve Bank of India that prevented it from falling to its lifetime low of 83.5750, hit in April
The NEET 2024 results, released on June 4, have sparked controversy over alleged malpractice and discrepancies, particularly with an unprecedented number of perfect scores and suspicions of paper leaks. Educational figures like Alakh Pandey and Vivek Bindra have voiced concerns, with Bindra highlighting issues such as dummy candidates and center problems.
Punjab Chief Minister Bhagwant Mann announced strict measures against police officials involved in drug trade, stating they would be dismissed and traffickers' properties attached. He also revealed plans for mass transfers of lower-level police officials, recruitment of 10,000 personnel, and reforms in the police department to combat the drug menace.
A Chinese military enthusiast found confidential military documents in discarded books bought for less than $1. China's Ministry of State Security commended Mr. Zhang for reporting his discovery, highlighting the potential dangers if the documents had fallen into malicious hands.
Generative AI startup Ayna raises $1.5 million led by Inflexor Ventures to enhance AI capabilities for product photography accessible to businesses.
The 30-share BSE Sensex closed up 308.37 points at 77301.14
National Security Advisor Ajit Doval emphasized the crucial role of India and the US in leading technological advancements to safeguard their respective values and strategic interests. His remarks came during the iCET (India-US initiative on Critical and Emerging Technology) industry roundtable, where he highlighted the progress and significance of collaboration under iCET. Doval's comments followed recent initiatives unveiled with US counterpart Jake Sullivan to deepen cooperation in artificial intelligence... Читать дальше...
The Congress party will start consultations to strengthen its organization and plan strategies for the upcoming state elections in Jharkhand, Maharashtra, Haryana, and Jammu and Kashmir. Congress leaders Mallikarjun Kharge and Rahul Gandhi will hold strategy meetings starting June 24. The party aims to build on its Lok Sabha performance and secure victories in the assembly elections later this year.