The bank's net interest income went up from Rs 807.77 crore to Rs 865.77 crore, up 7.18 % on a year-on-year basis. Gross advances grew by Rs. 8,478 crore from Rs. 74,102 to Rs. 82,580 Crore, up 11.44 percent on a year-on-year basis.
The rise in the level of wastewater viral activity is in line with a growing number of COVID-19 patients showing up in emergency rooms. The CDC report suggests that the District of Columbia and 26 states are now seeing "substantial increases" in COVID-19 emergency room visits.
The Indian government has assured there will be no default on MTNL's bond dues as its operations transfer to BSNL. Telecom Minister Jyotiraditya Scindia emphasized the government's support behind the sovereign guarantee bonds and ongoing asset monetization to settle liabilities. The government has paid Rs 92 crore towards immediate bond dues and plans to pay another Rs 64 crore for upcoming interest obligations. This intervention prevents a potential financial crisis for MTNL, which has struggled with debt and declining revenue. Читать дальше...
Israeli Prime Minister Benjamin Netanyahu visited Rafah, a city in southern Gaza, just days before he was set to give a speech to the US Congress. The visit was announced hours after Israel's far-right national security minister, Itamar Ben-Gvir, visited Jerusalem's most sensitive holy site. Ben-Gvir, an ultranationalist settler leader, said he went to the flashpoint site to pray for the return of Israeli hostages "without a reckless deal, without surrendering."
Ashneer Grover, founder of BharatPe and Third Unicorn, criticizes lengthy hiring processes, advocating for a "hire fast, fire fast" approach. Speaking on the 'Limitless with Ishan Sharma' podcast, Grover emphasized that traditional recruitment methods waste valuable time and resources. He suggests faster hiring and quicker performance assessments to optimize recruitment efficiency. Industry peers like Asish Mohapatra support this view, highlighting the benefits of molding fresh talent and fostering a collaborative work environment.
England yet again lost out on a Euro championship just like the last edition, when they went down in the finals. A Brazilian psychic, also known as the 'Living Nostradamus' had already predicted England's loss in the finals along with the reason why. Here's some details around the prediction.
Telecom minister Jyotiraditya M Scindia announced the government will notify rules of the Telecommunications Act in 180 days. He said BSNL will have to meet daily 4G rollout targets, monitored by PMU with Tejas, TCS, CDoT, and telecom secretary Neeraj Mittal.
India has approved a significant plan to enhance its defense capabilities by building military airfields in the Lakshadweep islands. This includes constructing a new airbase on Minicoy island and expanding the existing airfield on Agatti island. These dual-purpose airfields will accommodate all types of fighter and transport aircraft, as well as long-range drones, and will also be used by commercial airlines. This move aims to counter growing Chinese activities in the region and extend India's surveillance reach in the Arabian Sea. Читать дальше...
Tata Communications reported a 12.8% YoY increase in PAT for Q1FY25, with revenue surging to Rs 5,633.4 crore. The CEO AS Lakshminarayanan is confident of medium-term growth, having expanded product capabilities and increased customer relevance.
Air India's non-flying employees on fixed-term contracts are unlikely to receive their service agreements renewed due to their inability to secure a place in the company during the fitment exercise for the merger of Vistara with it. These employees, who have been working with Air India for 10-15 years, have been getting their employment contracts renewed.
Donald Trump's speech at RNC 2024 is keenly awaited by Republic voters and supporters of the former US President.
China's Communist Party under President Xi Jinping's leadership adopts reforms aiming for socialist modernisation by 2035. Emphasis on building a high-standard socialist market economy and improving national security. Plans to strengthen military and enhance Party's leadership. Focus on economic growth and market efficiency.
West Bengal's Governor, CV Ananda Bose, has called on state Chief Minister Mamata Banerjee to provide an immediate report on the objectives of a seven-member panel to review three new criminal laws. The panel, led by a retired judge of the Calcutta High Court, will review the new criminal laws and suggest state-specific amendments. The Trinamool government is expected to move two resolutions on alleged irregularities in NEET and the "hurried" implementation of the new criminal laws.
HDFC Bank's successful merger with HDFC Limited has brought significant benefits, as discussed by Atanu Chakraborty in a shareholder address. Within a year, seamless integration has led to expanded home loan offerings in semi-urban and rural areas and established robust risk management and compliance. Both HDFC Bank and the Indian economy showed resilience amidst global uncertainties and inflation, backed by timely RBI interventions and sound policies. Adjusting to evolving liquidity, India’s GDP grew 8.2% last year... Читать дальше...
The RBI's July Bulletin notes that deposits are India's preferred savings method, with market instruments gaining traction. Prakash et al. detail financial assets/liabilities and net wealth from 2011-12 to 2022-23, which surged during the pandemic and normalized by March 2023. Listed equity peaked end-Dec 2021. By end-March 2023, financial assets were 135% GDP, liabilities 37.8%, net wealth 97.2%.
Protests erupt in Manikchak, West Bengal due to prolonged electricity disruptions, resulting in injuries to three police personnel and vandalism of police vehicles. Locals claim clashes with police and allege use of force. Authorities seek report on the incident for further investigation.
The Democrats who were finding a replacement and who were busy trying to convince Joe Biden to stand down, are in for a surprise. A new poll finds that Senator Mark Kelly from Arizona leads against Biden and the party may have found its replacement. Kamala Harris is not a favorite.
Sanstar is aiming to raise ₹510 crore through its IPO, consisting of a fresh issue of ₹397 crore and an offer for sale of up to 1.19 crore shares at a face value of ₹2 each. The company has set a price band of ₹90-95 per share, with investors able to bid for a minimum of 150 shares per lot.
The SVANidhi scheme provides Rs 50,000 collateral-free loans. Madhya Pradesh was 'Best Performing State,' Assam was second. Awards were given by Manohar Lal Khattar and Tokhan Sahu. Delhi led 'Best Performing ULBs,' followed by Bruhat Bengaluru Mahanagara Palike and Ahmedabad. Kerala led SPARK ranking under DAY-NULM, followed by Uttar Pradesh and Rajasthan.
Probationary IAS officer Puja Khedkar faces scrutiny over her disability and OBC status claims, along with her parents' alleged criminal activities. Her mother has been arrested for rioting and carrying a gun, while her father is under investigation for unaccounted wealth of Rs 40 crore. Puja's entry into the civil services using an OBC certificate is being investigated, adding to the controversy surrounding her family.
"The industry witnessed subdued consumption due to prolonged heat waves, elections, fewer weddings and inflation... This has impacted our profits, however, we have a strong recovery plan," Shoppers Stop Managing Director and CEO Kavindra Mishra said.
In an opinion poll conducted recently, AP-NORC Center for Public Affairs Research has found about 65% of Democrats and 70% of Americans want Biden to step aside. What will happen in US Presidential Election 2024? Who will take on Republican contender Donald Trump?
The number of Americans filing new applications for unemployment benefits rose more than expected last week, while initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 243,000 for the week ended July 1.