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RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 4 days ago

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome

Live Mint  

RBI Monetary Policy: Highlighting sticky inflation and its impact on economic growth and consumers, Reserve Bank of India Governor Shaktikanta Das announced a status quo on the repo rate and policy stance on Friday, December 6. The Monetary Policy Committee of the central bank, by a majority of 4:2, decided to keep the repo rate at 6.50 per cent for …

Policy Cent Rate Rbi Gdp Mpc Bps
Tata Motors Q1 Results 2024: Net Profit Jumps 73.7% to Rs 5,566 Crore, Revenue Up 5.7%
4 months, 3 weeks ago

Tata Motors Q1 Results 2024: Net Profit Jumps 73.7% to Rs 5,566 Crore, Revenue Up 5.7%

News 18  

Tata Motors Q1 Results 2024: Tata Motors on Thursday declared its Q1 financial results. The auto major posted a 73.77 per cent jump in its net profit to Rs 5,566 crore for the June 2024 quarter. Jaguar Land Rover’s revenues grew by 5.4 per cent to £7.3 billion, with EBIT margins of 8.9 per cent driven by favourable volume, mix …

Cent Tata Motors
HDFC Bank system upgrade alert: Services to be impacted on July 13
5 months, 2 weeks ago

HDFC Bank system upgrade alert: Services to be impacted on July 13

India TV News  

HDFC Bank has announced a scheduled system upgrade on Saturday, July 13, 2024, aimed at enhancing performance speed, increasing capacity, and improving overall system reliability. Interest rate hike HDFC Bank has announced an increase in its marginal cost of funds-based lending rates by up to 10 basis points effective July 8, 2024. Other HDFC Bank lending rates Prime Lending Rate: …

Bank Loan Interest Rate Rates Hdfc Bank Hdfc
TCS Q2 Results Today: Profit, Revenue Growth Likely To Be Muted; Know Key Things To Watch Out For
1 year, 2 months ago

TCS Q2 Results Today: Profit, Revenue Growth Likely To Be Muted; Know Key Things To Watch Out For

News 18  

TCS Q2 Results To Be Out Today: Tata Consultancy Services, India’s largest IT services provider, will on Wednesday kick-start the Q2 earnings season. Update: TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared Forecasting a single-digit growth, brokerage firm Kotak Instiutional Equities in its report said, “We forecast marginal revenue growth due …

Revenue Profit Cent Qoq Deal Yoy Tcs
Poonawalla Fincorp shares rise over 3% after strong Q1 results
1 year, 4 months ago

Poonawalla Fincorp shares rise over 3% after strong Q1 results

Live Mint  

Poonawalla Fincorp share price rose over 3% on Tuesday after the non-banking finance company reported its Q1 results. Poonawalla Fincorp recorded highest ever quarterly disbursements at ₹7,063 crore, up 143% YoY and 11% QoQ. Analysts believe consumer and small business finance, the segments targeted by Poonawalla Fincorp, have a huge market opportunity. Strong leadership teams across functions, realignment of customer …

Company Crore Yoy Poonawalla Fincorp Fincorp Share Poonawalla
JPMorgan ’overweight’ on HDFC Bank after HDFC twins merger; here’s why
1 year, 5 months ago

JPMorgan ’overweight’ on HDFC Bank after HDFC twins merger; here’s why

Live Mint  

JPMorgan is positive about HDFC Bank stock after the merger of HDFC twins as the global financial firm recently assigned an 'overweight' rating on the stock, pegging the target price at ₹2,000, citing the merger of HDFC with HDFC Bank is positive from a medium-term perspective. Our target price implies 2.6 times FY25 PB/17 times FY25 PE for the parent …

Bank Price Cent Hdfc Bank Hdfc Jpmorgan Bps
LTIMindtree shares rise over 1% ahead of Q4FY23 numbers
1 year, 7 months ago

LTIMindtree shares rise over 1% ahead of Q4FY23 numbers

Live Mint  

Shares of LTIMindtree rose over a per cent in early trade on BSE on Thursday ahead of the company's January-March quarter result of the financial year 2022-23. Brokerage firm Axis Securities expects LTIMindtree to report a 23.7 per cent year-on-year and 3.3 per cent quarter-on-quarter rise in the IT firm's revenue driven by the large deal ramp-up. As per the …

Cent Bse Firm Deal Yoy Expect Kotak
Focus on your savers instead of net zero, critics tell BP pension funds
1 year, 7 months ago

Focus on your savers instead of net zero, critics tell BP pension funds

The Telegraph  

Pension funds have been accused of abandoning their financial duty to savers amid a growing rebellion over BP’s plans to keep pumping fossil fuels. They don’t seem to be concerned about profits.” The pension funds argue that BP should have sought their views after watering down its long-term plans to shift towards cleaner energy, with less stringent targets to cut …

Oil Pension Gas Vote Pension Funds Uss Zero Critics
Pause, not pivot, says RBI governor as repo rate stays unchanged at 6.5%
1 year, 8 months ago

Pause, not pivot, says RBI governor as repo rate stays unchanged at 6.5%

The Hindu  

In a surprise move on Thursday, the Monetary Policy Committee of the Reserve Bank of India unanimously decided to keep the repo rate unchanged at 6.50% and to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. Addressing a press conference after making his statement on the monetary policy, RBI …

Inflation Financial Stability Rate Rbi Rbi Governor
ECB sticks to planned 50 bps rate hike despite banking turmoil
1 year, 9 months ago

ECB sticks to planned 50 bps rate hike despite banking turmoil

Live Mint  

The European Central Bank on Thursday carried through with a large interest rate increase to planned 50 basis points as promised to cool the economy and tamp down inflation. How global markets are reacting Wall Street's main indexes opened lower today after shares of First Republic Bank crashed amid fears of a banking crisis, while a large interest rate hike …

Inflation Rate Ecb Bank Svb
SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme
1 year, 10 months ago

SBI raises fixed deposit interest rates, introduces new 400 days tenure scheme

India TV News  

State Bank of India has raised its fixed deposit interest rates, effective from February 15, 2023. In addition, SBI has introduced a specific tenure scheme of 400 days, where it is offering a 7.10% interest rate. According to SBI's website, senior citizens can earn an additional premium of 50 basis points over and above the existing 50 bps, i.e., 100 …

Bank Interest Senior Citizens Rate Rbi Deposit Sbi
RBI likely to moderate interest hike: Experts
2 years ago

RBI likely to moderate interest hike: Experts

The Hindu  

After three back-to-back 50 basis points hike in interest rates, the Reserve Bank may opt for a lower rate increase of 25-35 bps in lending rates at its coming monetary policy review on Wednesday amid retail inflation showing signs of moderation and the need to push growth, according to experts. The Reserve Bank since May has increased the repo or …

Policy Growth Inflation Bank Interest Rates Hike Fed
ASIC sues BPS Financial Limited, company behind cryptocurrency Qoin, in Federal Court
2 years, 1 month ago

ASIC sues BPS Financial Limited, company behind cryptocurrency Qoin, in Federal Court

ABC  

The corporate watchdog has launched legal action against the company that owns Gold Coast-based digital currency Qoin, alleging it made false, misleading or deceptive representations to almost 80,000 users. Key points: ASIC has commenced civil penalty proceedings against BPS Financial Limited The director of BPS says the company will defend the matter ASIC says 79,000 people or businesses have been …

Misleading Financial Court Crypto Company Federal Federal Court
RBI MPC Meeting Highlights Today: Repo Rate Hiked 50 bps; FY23 Inflation, GDP Outlook Retained
2 years, 4 months ago

RBI MPC Meeting Highlights Today: Repo Rate Hiked 50 bps; FY23 Inflation, GDP Outlook Retained

News 18  

The RBI’s Monetary Policy Committee on Friday unanimously decided to raise the repo rate by 50 basis points to 5.4 per cent with immediate effect while focussing on the withdrawal of accommodation. It was imperative for the RBI to hike rates as it has a clear focus on getting inflation down to its ceiling of 6 per cent.’ Inflation Forecast …

India Financial Inflation Financial Services Hike Cent Rate
HDFC hikes lending rate by 25 bps; home loan to be costlier
2 years, 4 months ago

HDFC hikes lending rate by 25 bps; home loan to be costlier

India TV News  

HDFC hikes lending rates: Mortgage lender HDFC Ltd on Saturday increased its benchmark lending rate by 25 basis points, a move that will make loans dearer for both existing and new borrowers. The rate hike comes ahead of the RBI's Monetary Policy Committee meeting later next week. "HDFC increases its Retail Prime Lending Rate on housing loans, on which its …

Loans Loan Hike Rate Points Rbi Hdfc
RBI hikes policy repo rate by 50 bps, raises inflation forecast to 6.7 per cent
2 years, 6 months ago

RBI hikes policy repo rate by 50 bps, raises inflation forecast to 6.7 per cent

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Wednesday hiked the policy repo rate by 50 basis points to 4.9 per cent and raised the inflation projection for the current financial year to 6.7 per cent. RBI Governor Shaktikanta Das announced that the Monetary Policy Committee has "voted unanimously to increase the policy repo rate by 50 basis points to 4.90 …

India Policy Growth Inflation Bank Cent Quarter
Repo-rate hike likely to continue; may rise by 75 bps by March next year: Experts
2 years, 7 months ago

Repo-rate hike likely to continue; may rise by 75 bps by March next year: Experts

India Today  

The 40 basis points hike in the benchmark repo rate of the Reserve Bank od India after the off-cycle meeting of the central bank’s monetary policy committee or MPC will lead to a rise in EMIs. WHAT SBI's ECOWRAP SAYS In its latest Ecowrap, the SBI’s economic research unit said that as of December 2021, around 39.2% of the loans …

Bank Liquidity Report Rbi Increase Interest Rate Ghosh
Qoin rejects potential class action allegations of 'pyramid selling', deception, citing 'witch hunt'
3 years, 1 month ago

Qoin rejects potential class action allegations of 'pyramid selling', deception, citing 'witch hunt'

ABC  

A potential class action planned against Gold Coast digital currency Qoin has been dismissed by its governor following months of criticism about the company's future. Key points: Salerno Law has released a potential claim against Qoin and the digital currency's parent company BPS Financial Limited Qoin claims to have more than 38,000 validated merchants using its currency The BPS director …

Law Pyramid Merchants Bps Wiese Qoin Btx
RBI measures help bring 10-yr govt bond yield down by 17 bps, lowest in 3 months
4 years, 3 months ago

RBI measures help bring 10-yr govt bond yield down by 17 bps, lowest in 3 months

Live Mint  

The yield on government 10-year bonds fell over 17 basis points on Tuesday, the most in three months, after the Reserve Bank of India announced measures to allay the market fears over rising yields and higher borrowing programmes. It also announced additional open market operations worth ₹20,000 crore and term repo operations worth ₹1 trillion to infuse liquidity into the …

Market Bond Rbi Yield Bond Yield Expect Fiscal