The country’s largest private sector lender HDFC Bank on Saturday said it will grow its loan book slower than the industry in the current financial year (FY25). The move comes as the lender looks to bring down its elevated credit – deposit (CD) ratio to pre-merger levels. “We will bring down the CD ratio faster than what we had anticipated.
Posts tagged Rediff
Karnataka likely to levy 1-2% fee on digital apps (21-10-2024)
The Karnataka government is planning to levy a fee of 1-2 per cent on aggregator platforms like Swiggy, Zomato, Flipkart, Amazon, Uber, etc., a government source said on Friday, adding that an announcement in this regard could come following a sub-committee meeting next week. “There is a sub-committee meeting scheduled in the coming week.
Sensex, Nifty pare gains; end in red (21-10-2024)
Bajaj Finserv, IndusInd Bank, Adani Ports, UltraTech Cement, Bajaj Finance, Tata Consultancy Services, Infosys, Bharti Airtel, Hindustan Unilever and JSW Steel were the other big laggards.
Global firms form ‘good rice alliance’ for farmers (21-10-2024)
Four big global companies – Bayer, GenZero (a wholly-owned arm of financial major Temasek), Shell and Mitsubishi – have decided to scale up their carbon credit programme in nine states to empower farmers. The credits are generated through the adoption of smart agriculture practices – Alternate Wetting and Drying (AWD) and Direct Seeded Rice (DSR). Since over a year, the project, which was being run on a pilot basis, has positively impacted 10,000 farmers, covering more than 25,000 hectares.
Indian banks in Canada fear biz loss amid row (21-10-2024)
If there is a decline in the number of Indian students pursuing higher studies in Canada due to the ongoing diplomatic tensions between the two countries, it may have implications for Indian banks operating in the North American country, senior bank officials said.
I-bankers earn record Rs 493 crore from Hyundai IPO (21-10-2024)
Hyundai Motor India Limited’s (HMIL’s) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore – 1.77 per cent of the issue size – in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.
Hyatt Hotels launches new luxury venue in Mumbai (21-10-2024)
Social gatherings and events held at hotels have seen an exponential rise since the pandemic and to cater to that segment, Hyatt Hotels has launched a luxury venue in Mumbai. Last week, Hyatt launched ‘The Grand Showroom’ which is a luxury venue customisable for events ranging from corporate parties, luxury weddings to high-profile occasions. This venue is an addition to its existing property in the city – Grand Hyatt Mumbai.
Lower input costs may aid pharma firms’ Q2 margins (21-10-2024)
Analysts are expecting pharmaceutical companies to post sales growth of 10-11 per cent in the second quarter this financial year while the Ebitda (earnings before interest, tax, depreciation, and amortisation) margins are anticipated to improve by about 110 basis points. Ebitda improvement will be led by lower input costs because prices of active pharmaceutical ingredients (APIs) are 5-15 per cent lower year-on-year (Y-o-Y). Axis Capital said sales growth would be around 10 per cent, of which growth in the India market would be 11 per cent or so.
The Truth About India’s Housing Prices (21-10-2024)
Housing prices in India have fallen by over a tenth in real terms. Yet, prices are unaffordable for most Indians. Middle-income Indians are seen to be able to afford houses if the price-to-income ratio is five. It is 11 in India.
What The Retail Investor Must Know (21-10-2024)
Many are attracted by the potential for large gains, but don’t necessarily seem to understand that a single trade gone wrong can wipe out their accumulated profits.