HDFC Bank will be growing its advances slower than the deposits, and focus on getting the credit-deposit ratio to the pre-merger levels, according to a top bank official. In the annual report of the country's largest private sector lender, its managing director and chief executive Sashi Jagdishan suggested that profitability will also be a core aspect of its strategy. Jagdishan said the bank which merged its home loan-focused parent HDFC Ltd with itself last July is passing through a phase of "adjustment"... Читать дальше...
The report, however, said the views expressed in the bulletin article are of the authors and do not represent the views of the RBI
The Central Board of Direct Taxes (CBDT) on Thursday signed a multi-year contract with telecom major Bharti Airtel, under which the latter will provide network and connectivity solutions for CBDT's Taxnet-2.0 programme. This contract is an extension as Airtel has been the network partner to CBDT since 2008 in Taxnet-1.0. "The formal Letter of Award was handed over to Bharti Airtel by the Central Board of Direct Taxes (CBDT) and the Letter of Acceptance has been given by Bharti Airtel to CBDT. The occasion was graced by Mr. Читать дальше...
Big-hitting batter Suryakumar Yadav was on Thursday named captain of the Indian T20 team for the three-match series against Sri Lanka starting July 27, while ODI skipper Rohit Sharma and Virat Kohli were included for the 50-over series against the same team next month. Shubman Gill has been named vice-captain for both the formats. Riyan Parag, who scored seven half-centuries in the Vijay Hazare Trophy, and Delhi speedster Harshit Rana are the two new faces in the ODI squad. T20I Squad: Suryakumar Yadav (C)... Читать дальше...
Sanam Sutirath Wazir's The Kaurs of 1984 brings alive the stories of Sikh women caught in the spiral of politics and violence that engulfed Punjab and spread to Sikhs outside state that bloody year
Government must strategically expand the fiscal space to face any exogenous shocks
AI, exports, private sector participation, and manpower rationalisation must lead the initiatives
There has been a 33 per cent increase in the hiring and the creation of posts of chief digital and information officers (CDIOs) in the recent past following rapid advancements in technology, according to a study. The spike has been triggered by the transformation of the roles of chief information officers (CIOs) into those of CDIOs, it said. The study is based on WalkWater's analysis drawn from a survey among profiles of 310 CIOs and CDIOs across 272 companies. In the landscape of modern business... Читать дальше...
Retail chain Shoppers Stop Ltd on Thursday reported a consolidated net loss of Rs 22.72 crore in the June 2024 quarter, hit by subdued consumption due to prolonged heat waves, elections and inflation. The company posted a consolidated net profit of Rs 14.49 crore in the corresponding period last fiscal, Shoppers Stop said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 1,069.31 crore as against Rs 993.61 crore in the year-ago period, it added.... Читать дальше...
R&D will help lower import dependence
Both Centre and states need to reduce deficit
He will partner Rana Daggubati, Apurva Salarpuria and Anuj Kejriwal for the venture
Flipkart, India's homegrown e-commerce marketplace, on Thursday announced its first-ever G.O.A.T (Greatest of All Time) sale, slated for July 20-25, with early access starting on July 19, offering attractive deals on a wide array of products such as large home appliances. "With the tagline 'G.O.A.T Bano. Bakra Nahi', the sale will have some of the most reputed brands spanning various large appliances categories such as TVs, washing machines, refrigerators, and others laden with many attractive offers... Читать дальше...
Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Thursday asserted that people should work relentlessly for the welfare of mankind, since there is no end to the pursuit of development and human ambition. In the course of self-development, a man may want to become 'superman', then 'Devta' and 'Bhagwan' and aspire for 'vishwaroop', but nobody is certain what lies ahead, Bhagwat said. Addressing a village-level workers meeting, organised by a non-profit organisation Vikas Bharti here, he also said that some people... Читать дальше...
A loosening labour market and ebbing inflation position the Federal Reserve to cut interest rates in September, with financial markets anticipating additional cuts in November and December
For larger volumes, despite recent price adjustments by Google, Krutrim said it is offering prices which are 50 per cent of Google Maps' reduced rates, ensuring value for the users
Investor interest in AHFCs has increased, given expectations of measures in the Budget to boost the affordable housing market as well as the growth trajectory
The report said to enhance global competitiveness of exporters and offset the cost disabilities, govt should introduce a special credit package with fiscal incentives for the e-commerce export sector
Testing and reimbursement scheme for startups & MSEs announced
Expresses desire to share expertise, seeds and technology to make India's National Oil Palm Mission a success
The report has stated that only a third of the Dalits voted for the BJP. It said that the decline in the BSP's vote share benefitted the INDIA bloc, which in UP comprised the SP and the Congress
Erstwhile housing finance major HDFC Ltd. merged into HDFC Bank on July 1, 2023, creating a financial behemoth
Dr. Reddy's will market Vonoprazan tablets under its own brand Vono, and it will be available in two strengths, 10 mg and 20 mg
The current government, right from 2014, has shown an inclination to maintain fiscal discipline, he says
The central bank's clearance will be seen as an important milestone for the bank's strategic disinvestment
