Located at the prime address of No. G6,3-3-26 and 27, Ground Floor, Mahanagar Garland Complex, Opp. Vysya Hostel Main Gate, Kachiguda Main Road, Hyderabad, the new franchise offers a comprehensive range of travel services. These include flight and hotel reservations, bus and railway tickets, luxurious vacation packages, cruises, and group travel bookings, along with visa-related assistance. With its inviting interiors and customer-focused services, the store exemplifies EaseMyTrip’s ethos of providing seamless and personalised travel experiences.
Australian markets rise marginally (07-10-2024)
Across the Tasman, New Zealand’s benchmark S&P/NZX-50 index slipped 0.18 percent to 12,596.87.
Japanese stocks lead regional gains, Nikkei up 1.80% (07-10-2024)
After Friday’s blowout payrolls report, traders now price in only a quarter-point cut in interest rates at the Federal Reserve’s next policy announcement on Nov. 7, with a small chance that the policy rate stays unchanged.
Rupee settles flat at 83.99 against US dollar (07-10-2024)
At the interbank foreign exchange, the rupee opened at 83.96 against the US dollar and touched an intra-day high of 83.95 and a low of 83.99
Stock market update: Nifty Bank index falls 1.91% (07-10-2024)
The Nifty Bank index closed 1.91 per cent down at 50478.9.
Gold jumps Rs 250 to hit fresh all-time high of Rs 78,700/10 gms (07-10-2024)
Gold prices appreciated by Rs 250 to hit a fresh all-time high of Rs 78,700 per 10 grams on Monday on account of consistent buying support from jewellers and firm trends in the overseas markets. The precious metal had settled at Rs 78,450 per 10 grams in the previous close on Friday.
Rural Elect Corp (07-10-2024)
No absolutely agree on that Sunil.
The challenge is that as per revised norms RBI reuires 5% upfront provisioning – the the point of disbursement. That on a perfectly fine/healthy loan. See ECL model is based on “Expected credit loss” – so you make sufficient provision on the day any loan gets delayed or gets pushed into SMA 2. But the revised norms earlier suggested by RBI are beyond onerous.
The disclosures historically have been quite good as the management has always shared specific project details on NPAs etc. Also under no circumstances can a company keep classifiying a project as an NPA if it stops paying given all this is now much closely monitored by RBI.
To you earlier point reversal of provisions – these loans are of longer duration – 5/10Y – introducing such lumpiness creates a situation wherethese companies will start reporting EV/VNB like metrics in growth phase which doesnt make sense per my view.
Gainers & Losers: Adani Ports among 6 stocks that hogged limelight today (07-10-2024)
Domestic indices Sensex and Nifty50 declined for the sixth consecutive session, impacted by geopolitical tensions.