Drones allowed to spray pesticides for one more year
The government has extended the interim approval given to plant protection companies for use of drones for spraying specified pesticides. The approval has been extended for one more year starting from April 18, 2024. All other terms and conditions for the use of drones for spraying plant protection chemicals including the standard operating procedures etc. will remain the same.
The Delhi high court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors. This means that the airline will have to give back all 54 aircraft to the lessors if its resolution professional (RP) does not challenge the order or ask for a stay. Justice Tara Vitasta Ganju also refused the request of the RP, represented by advocate Diwakar Maheshwari, to keep the operation of the order in abeyance for a week to enable them to file an appeal before the division Bench of the court.
Yes Bank Q4 profit doubles to Rs 452 crore
Yes Bank on Saturday reported over two-fold jump in standalone net profit at Rs 452 crore for March quarter 2023-24, primarily due to benefits on the provision front. In the year-ago quarter, the bank logged a profit of Rs 202.43 crore. The private sector lender benefitted from write-back on income tax and interest on income tax returns, but the profits were limited by its inability to comply with the mandatory priority sector lending (PSL) requirements, its management said.
'Aim to double individual first-year premiums'
'Currently, our individual first premium would be in the Rs 3,000-Rs 3,200 crore range. We want to take that to about Rs 6,000 crore in three years.'
'We will grow at about 20% over the next few years'
'Private General insurers are poised to grow at 17 per cent - 18 per cent over the next 5 to 7 years and we will grow faster.'
Jaquar Introduces Qloud: first of its kind intuitive and cutting-edge shower technology
Touch, the most intimate and intuitive of all human senses, now extends its power to your shower experience with Jaquar's latest innovation Qloud. Designed to revolutionize the way we interact with our showers, Jaquar Qloud brings the joy and simplicity of touch to your daily routine. Touch- An All-Pervading Stimulus Touch is not just a sensation; it's a gateway to our world. It connects us, empowers us, and makes the virtual tangible. With Jaquar Qloud, this power is harnessed to redefine your showering experience. Imagine stepping into your shower and effortlessly controlling your showering environment with just a gentle touch. Introducing Qloud Jaquar Qloud is more than just a shower; it's a complete solution designed to provide you with the finest showering experiences at your fingertips. Whether you crave the indulgence of a rainshower, the exhilaration of a waterfall soak, dreamy mist to envelop you, or the precise coverage of a hand shower, Qloud delivers it all with a touch. It responds instantly to your commands, making showering a natural and intuitive experience, much like the touch interfaces we use daily in our lives from our phones to our appliances, gadgets and cars. As a thermostatic shower mixer Jaquar Qloud offers precise regulation over temperature, water flow volume, and shower mode selection.Engineered for ease of operation and reliable performance, it combines the best of analogue and digital control systems to ensure an unmatched showering experience every time. Key Functionality Features of Jaquar Qloud With Qloud, controlling your shower environment is effortless. Set the temperature and flow with a simple twist of a knob, and then let your fingertips do the rest. The system also includes safety features such as temperature lock and electronic valves for worry-free showering, along with a battery backup to ensure uninterrupted operation even during power outages. Behind the elegant interface of Jaquar Qloud lies a robust system engineered to withstand tough Indian operating conditions and provide dependable performance. From hardy sensors to super-responsive electronic valves, every aspect of Qloud is designed to enhance your showering pleasure. Choose the Qloud that Fits Your Needs Jaquar Qloud comes in various configurations to suit your preferences. Whether you opt for a shower with a single mode or multiple modes, or prefer a hand shower or body shower, Qloud has you covered. Its trim plate can accommodate up to four touch buttons, allowing you to customize your showering experience according to your desires. To complement your bathroom dcor, Jaquar Qloud is available in a range of 6 exciting colour finishes, allowing you to choose the perfect aesthetic for your space. Jaquar Qloud is now available for purchase, offering a revolutionary showering experience that combines elegance, functionality, and innovation like never before. For more information, please visit www.jaquar.com. Tata Motors is bringing electric version of Safari in India, know when it will be launched Maruti's new micro SUV is coming to spoil the game of Tata Punch, know what is the company's planning Skoda preparing to launch 3 new SUVs in India, an electric model will also be included
IDFC First Bank's net profit dips to Rs 724.35 cr, asset quality improves marginally
IDFC First Bank reported an interest income of Rs 8,219.21 crore in the January-March quarter, which was higher than Rs 6,424.35 crore reported in the year ago period.
IDFC First Bank Q4 Results: Standalone PAT declines 10% to Rs 724 crore
IDFC First Bank Q4 Results: IDFC First Bank announced a net profit of Rs 724.35 crore for the quarter ending on March 31, marking a decrease from Rs 802.62 crore reported in the corresponding period last year. In the January-March quarter, IDFC First Bank recorded an interest income of Rs 8,219.21 crore, showing an increase from Rs 6,424.35 crore reported in the same period a year ago. This signifies a 28% rise on a year-on-year basis.
ICICI Bank Q4 results: Profit jumps 17% to Rs 10,708 cr, dividend of Rs 10 a share recommended
Gross NPA stood at 2.16 percent, down from 2.81 percent in the same quarter last year. The net NPA for the quarter stood at 0.42 percent compared to 0.48 percent last year.
Yes Bank recorded 5 mn UPI transactions per month after Paytm tie-up: CEO Prashant Kumar
Yes Bank MD and CEO Prashant Kumar said it recorded 3.3 million before the partnership.
D-street ended with moderate gains amid global market fluctuations. What lies ahead?
The BSE Sensex surged 642 points, or 0.88%, at 73730.16 during the week ended on April 26, 2024. While the Nifty50 index gained 273 points, or 1.23%, to 22419.95.
RBL reports 30 percent growth in net profit in March quarter
RBL Bank reported a 30% year-on-year growth to Rs 353 crore in the March 24 quarter, with the full-year net profit reaching Rs 1168 crore. The bank's board proposed a dividend of Rs l.50/- per share for FY 2023-24.
Alphabet, Microsoft lead technology stocks surge with AI-driven earnings
The stellar earnings reports from both tech giants assuaged concerns regarding the profitability of their significant AI investments, following Meta's tepid forecast.
RBL Bank's net profit grows at 30% in Q4 FY24, Rs 1.50 dividend declared
RBL Bank's net profit was at Rs 353 crore for the quarter as against Rs 271 crore reported in the year ago period. The total revenue for the reporting quarter was Rs 2,475 crore, which is 7% growth QoQ
In a move to protect depositors, the Federal Deposit Insurance Corporation (FDIC) has appointed Fulton Bank, N.A. of Lancaster, Pennsylvania, to assume substantially all deposits and purchase most assets of the failed Republic First Bank, based in Philadelphia.
Can scientists save your morning cup of coffee?
A warming planet threatens the worlds favourite drug
Mahindra Lifespace FY24 profit falls marginally to Rs 98 crore
According to a regulatory filing on Friday, the company's total income fell to Rs 279.12 crore last fiscal from Rs 659.56 crore in 2022-23.
Event-Driven Investing: Making the most of corporate actions and news events
The persistence of mispricing opportunities in the stock markets challenges the notion that they are entirely rational and efficiently priced in all material information.
How to build a global business empire in the 21st century
Disney, Ford, Microsoft and the age of the quasi-merger
Gold ends its five week winning streak as inflation concerns resurface
The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up nearly 1% to finish the week higher, whereas the 2-year US yields at 4.99% were up nearly one bps on the week, but down nearly one bps Friday.
Swiggy takes confidential route for $1.25-billion public listing. Here's what that means
As per a Bernstein note from January, Zomato held a roughly 54% share in the food delivery from a gross merchandise value perspective as of the first half of calendar year 2023, while Swiggy held the rest.
Mastering Investment Success: Carl Icahn's 9 Key Principles
Icahn adopts a patient outlook on investing, adhering to the value-investing methodology.
How to stay protected from pig butchering financial scams? Here are 7 key steps
Pig butchering, a form of smishing, is on the rise in India's cyber fraud landscape. Scammers build trust through social media, offering fake job roles and investments to drain victims' finances. Here's how to avoid them
YES Bank Q4 results preview: Here are the expectations from five brokerages
Brokerage firms tracking YES Bank said the lender may report a strong performance in the terms of bottomline, but the net interest income and asset quality may remain under pressure
These stocks will trade ex-dividend next week. Do you own any?
Here is a look at stocks that will trade ex-dividend next week between April 29 and May 3.
Apollo 24/7 secures Rs 2,475 cr investment and 12.1% Advent stake in mega merger with Keimed
The combined entity is valued at Rs 22,481 crore, positioning it as a leading retail health company in India. The merger aims to deliver substantial industry benefits and a pan-India presence, enhancing access to genuine medicines for 1.4 billion Indians within 24 hours.
YES ahead of Q4 results preview: Here are the expectations from five brokerages
YES Bank Ltd is set to announce its earnings for the quarter and financial year ending on March 31, 2024 on Saturday, April 27.
Beyond bull runs: How to pinpoint mean levels in markets
Following each bull run, the index retraces back to its moving average line before initiating another upward trend. This observation underscores the significance of moving averages in determining market trends and mean levels.
Tortured Poets Department: 5 valuable money lessons from Taylor Swifts new album
Taylor Swift's new album Tortured Poets Department is a hit among fans. Smart investors can learn from her songs about heartbreak and resilience. Having a backup plan is crucial in the financial world, just like knowing when to move on from bad investments.
ICICI Bank Q4 results preview: Analysts expect net profit to go up, NII growth to dip
The net profit for the March quarter is expected to surge up to 18% year-on-year (YoY), most brokerages predicted. The Profit After Tax (PAT) is expected to reach Rs 10,323.3 crore.
Wall Street Week Ahead: Lofty US stocks leave investors punishing earnings disappointments
Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.
IPO calendar: 3 issues, 4 listings to grab investors' attention next week
However, 3 SME issues and 4 listings are still going to grab investors' attention. The public offer of JNK India, which received a healthy subscription of over 28 times, will also see its shares listed at the bourses.
Apollo Health to open 70 new diagnostic labs, to double down on clinic network
Apollo Health offers a comprehensive range of diagnostic services, from basic tests to specialised and super-specialised genetic testing. With over 100 labs currently, Apollo Health plans to add approximately 70 more labs in the next 12 to 18 months.
RBI shares guidelines norms for voluntary conversion of SFBs into universal banks
The central bank has said the SFBs aspiring to become a universal bank need to have scheduled status with a satisfactory track record of performance for a minimum period of five years.
Missing Link Trust raises 1.2 crore on NSEs Social Stock Exchange
Missing Link Trust is a non-profit organisation working to prevent child abuse and exploitation
Bank holiday today: Are banks open this Saturday, April 27?
Bank holiday on April 27: Essential banking services such as ATMs and Internet banking will continue to operate as normal. This closure aligns with the banks' usual operational schedule.
IREDA granted 'Navratna' status
These companies have the autonomy to invest up to 1,000 crore. IREDA is a Non-Banking Financial Institution engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation.
Bajaj Finance's margin pressures make brokerages bearish
The average analyst price targets on Bajaj Finance after the fourth quarter results stood at 8,477 implying an upside of 20.6% over Friday's closing.
ATC Telecom Infra sells 2.8% stake in Voda Idea for Rs 1,840 crore
ATC Telecom Infrastructure sold a 2.8% stake to Vodafone Idea, worth 1,840 crore, in an open market transaction. Citigroup Global bought shares worth 611 crore, with other buyers remaining unknown. Last month, ATC converted debentures allotted by Vodafone Idea into equity, and in January 2024, Canada's Brookfield acquired ATC's India unit in a $2.5 billion deal. Vi recently raised 18,000 crore through a follow-on public offer, priced at 10-11 per share.
NDTV earning jumps 59%, digital traffic up 39%
News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Consolidated net loss of Rs 8.74 crore in January-March compared with loss of Rs 1.35 crore profit in the same period a year back, according to a stock exchange filing by the company. Loss, however, narrowed from Rs 10.13 crore in the December quarter as its digital footprint expanded and gained traction.
HCL Tech Q4 net profit flat at Rs 3,986 cr
India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. However, the company posted an 8.4 per cent decline in net profit on a sequential basis, amid rising employee cost and tightening IT spends around the world. The company described the performance as decent in view of the global macroeconomic conditions.
Porsche AG Q1 Results: Operating profit drops 30% to $1.37 billion on ramp-up costs
Porsche finance chief Lutz Meschke said that while demand in China remained challenged the company would not compromise on margins by steering clear of a price war that has gripped the local market.
Swiggy gets one step closer to $1.25 bn IPO
Food delivery major Swiggy has received approval from its shareholders for a $1.25 billion initial public offering (IPO), according to filings made with the Registrar of Companies sourced by Tofler. The Bengaluru-based firm plans to raise as much as Rs 3,750 crore (around $450 million) via a fresh issue and up to Rs 6,664 crore (around $800 million) through an offer-for-sale (OFS) component, the filings stated.
ET Market Watch: Sensex drops over 600 points, Nifty at 22,419
India's forex kitty drops $2.28 bn to $640.33 bn
India's forex reserves decreased $2.282 billion to $640.33 billion for the seven days ended April 19 in the second consecutive week of drop in the kitty, the Reserve Bank of India (RBI) said on Friday. The reserves had dropped $5.40 billion to $643.16 billion in the previous reporting week, ending a multi-week trend of an increase, which also saw the overall reserves touching a new all-time high of $$648.56 billion for the week ended April 5.
These 6 capital goods stocks hit fresh 52-week highs; rallied up to 21% in a month
The significance of the 52-week high lies in marking a stock's peak value over the preceding year, which holds importance for traders and investors.
RBI sets eligibility rules for SFBs seeking universal banking licence
RBI said that listed and profitable small finance banks with gross non-performing assets ratio less than 3% for last two fiscals can apply for universal banking license. Additionally, they need to have a net non-performing assets ratio less than 1% for the last two financial years. They also need to be profitable for the last two fiscals.
NFRA bans Brightcom, CMIL auditors, imposes penalties for lapses
The National Financial Reporting Authority (NFRA) has barred auditors of M/s Brightcom Group for up to ten years and imposed heavy monetary penalties on them, citing professional misconduct in auditing the company between FY20 and FY22.
SBI Card Q4 results: Profit surges 11% to Rs 662 cr, total revenue rises 14%
The SBI credit card arm said that its interest income surged by 28% to Rs 2,139 crore in the January-March quarter and its fees and commission income grew by 6% to Rs 2,209 crore in the fourth quarter.
Aditya Birla Sun Life MF Q4 net up 53 per cent
The fund house has announced a dividend of 13.50 a share
Reading the markets through volatility index
Time to have VIX based on Bank Nifty too
Eveready Q4 Results: Company back in black with Rs 8 crore net profit
Eveready Industries India announced a fourth-quarter profit of Rs 8 crore for the period ended March 2024, compared to a loss of Rs 14.39 crore in the corresponding quarter of FY'23, amidst a marginal dip in operational revenue to Rs 281 crore.
CSB Bank Q4 Results: Net profit drops marginally to Rs 152 crore on higher provisions
Fairfax-backed CSB Bank on Friday reported a marginal fall in net profit for the March quarter at Rs 152 crore, owing to higher provisions to cover credit losses.
Patanjali Foods gets proposal to acquire non-food business from Patanjali Ayurved
Earlier this week, Patanjali Foods incorporated two wholly owned subsidiaries, Contemporary Agro and Rishikrishi Farming in India.
Intel shares slump over 12% as AI competition hurts forecast
Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.
Adani Enterprises, Nestle India among 5 stocks with top long unwinding
Indian housing market outlook bullish, consumer sentiments positive: Report
Indian housing market outlook bullish, consumer sentiments positive: Report
Sebi asks BSE to pay regulatory fee on options contract
BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay differential regulatory fee for the past periods with applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.
India cenbank lays out roadmap for small lenders to achieve universal bank status
The criteria include a five-year track record of satisfactory performance, a net worth of 10 billion rupees, meeting capital requirements, recent profitability and limited non-performing assets, the Reserve Bank of India (RBI) said. Existing promoters can continue without new additions and approved shareholding plans will remain unchanged, while diversified loan portfolios are favoured, the central bank said.
Demat Account: 10 crucial things you should keep in mind as a beginner
When opening a demat account, consider factors like broker reputation, account opening charges, and AMC. Choose brokers with intuitive trading platforms and research tools. Evaluate brokerage fees, customer support, account features, and security measures.
Home Loans: Top 5 banks including HDFC, SBI with lowest rates of interest check full list
HDFC Bank charges interest rate on its home loan in the range of 9.4 to 9.95 percent per annum. SBI charges a rate that hovers between 9.15 percent and 9.75 percent based on the borrowers CIBIL score.
RBI releases draft regulation for web aggregation of loan products in digital lending
The RBI said banks and NBFCs should ensure that their LSPs provide a so-called digital view of all the loan offers available to the borrower from all the willing lenders that the LSP has arrangements with.
Demat Account: What is loan against securities and what are its benefits?
A loan against your demat shares allows you to obtain credit by using your shares as collateral. This enables you to leverage your investments without having to sell your shares to access the capital. The loan requires no additional collateral beyond the shares already held in your demat account.
Apollo Health Co signs pact to raise Rs 2,475 crore from Advent
Apollo 24/7 is valued at an enterprise value of Rs 14,478 crores. Keimed is valued at an enterprise value of Rs 8,003 crores. Following merger, Keimed shareholders would hold a maximum of 25.7% stake in the combined entity, while AHEL would continue to remain the largest controlling shareholder with at least 59.2% stake.
HCL Technologies Q4 earnings: Net profit rises to Rs 3,995 crore, board announces dividend
HCL Technologies Q4 earnings: The board declared an interim dividend of Rs 18 per shareequity share of Rs2/- each of the company for the financial year 2024-25. The payment date of the said interim dividend shall be May 15, 2024.
HCL Tech Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
Union Bank, PNB among 5 stocks that saw highest FPI additions in Q4
Let's look at the stocks that saw the highest additions of FPIs in Q4.
Delhi HC asks DGCA to deregister aircraft of Go First airline lessors in 5 working days
The court ordered that all maintenance tasks in respect of the aircraft shall be undertaken by the lessors and all of their authorized representatives up to and until the time the aircraft are de-registered and exported, in pursuance of Rule 32A of the Aircraft Rules.
4 fixed income sources every Gen Z needs for stability
Gen Z faces financial uncertainty due to global crises, student debt, and rising costs. A fixed income helps in budgeting, credit building, and planning for the future, empowering them to pursue long-term goals.
Demat Account: What is futures trading and how does it work? MintGenie explains
To trade futures, ensure your demat account is enabled, understand futures contracts and margin requirements, choose a brokerage platform, fund your trading account, place orders according to your strategy, monitor positions closely, and be aware of the risk of capital loss.
Axis Bank, Indus Towers among 5 stocks with top short covering
Short covering signals a shift in sentiment on a security from extreme bearishness to bullishness.
Maruti Suzuki Q4 net rises 48% to Rs 3,877.8 cr
The country's largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices.
Stock market update: Nifty Pharma index advances 0.62%
The Nifty Pharma index closed 0.62 per cent up at 18994.65.
Gainers & losers: Tech Mahindra, LTTS among 6 stocks that hogged limelight today
For more such web stories click on the ET icon below
Markets snap 5-day rally; Sensex tumbles over 600 pts
Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets. Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said.
Centre to allocate higher sales quota to sugar mills in May to tame prices
The government fears that rising prices at the mill level may lead to a spike in retail prices if not curbed immediately by releasing higher stocks of sugar.
Motilal Oswal announces issue of bonus shares in 1:3 ratio; shares zoom 4%
Motilal Oswal shares jumped 5% to Rs 2,566 on BSE in Friday's trade after the company board recommended the issuance of bonus shares to the eligible shareholders of the company in the 1:3 ratio. Subject to the shareholders' approval, the bonus shares will be credited to the eligible shareholders on or before June 25, 2024.
Maruti Suzuki Q4 results: Net profit rises to Rs 3,878 crore, board recommends highest ever dividend
Maruti Suzuki Q4 results: Net profit rose to Rs 3,877.8 crore in the March 2024 quarter. The board of the firm recommended a final dividend of Rs 125 per share, its highest ever.
Sensex, Nifty close lower after five sessions: Key factors behind the market crash today
Sensex closed 609 points lower at 73,730 and Nifty lost 150 points to end at 22,419 today. Market cap of BSE-listed firms fell to Rs 404.46 lakh crore.
Shriram Finance shares rebound 7% from day's low post Q4 results, dividend
The consolidated net interest income (NII) for the fourth quarter rose 22.27 per cent to Rs 5,543.47 crore compared with Rs 4,533.63 crore in the same period last year, Shriram Finance said.
How to consolidate multiple demat accounts? Here's a step-by-step guide
Consolidating your demat accounts involves a straightforward process, provided your shares are unencumbered and you have settled any outstanding payments to your broker.
Attractive risk-reward? Emkay upgrades Hero MotoCorp stock to 'Buy'; details here
Emkay Global has upgraded the stock to 'Buy' from 'Reduce' earlier with a revised target price of Rs 5,100 from Rs 4,800.
Nifty April rollovers lower at 65%. Check how FIIs are positioned for May
April rollover for the Nifty Index futures were lower at 65.12%, significantly lower compared to the previous month's 69.77% and the three-month average of 71.40%, states a report by SBI Securities.
PAN-Aadhaar linking: Tax Department defers penalty on TDS till May 31. Here is how to link both
Providing relief to those taxpayers who failed to link their PAN and Aadhaar by the June 30, 2023 deadline, the Tax Department has relaxed the deadline for imposing penalties and no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31
ICICI Bank Q4 Result Preview: PAT likely to rise nearly 18% YoY, NII growth seen at 4-8%
ICICI Bank Q4 Result Preview: The net profit for the March quarter is expected to surge by up to 18% year-on-year (YoY), based on the average estimate of four brokerages. Various brokerages estimate NII growth to range between 4% to 8%, reflecting the disparity in projections.
CSB Bank shares crash 8% on Q4 results. Here's why
CSB Bank shares fell 8.3 per cent to hit a low of Rs 371.05 on BSE. The bank said its net interest income (NII) rose 11 per cent YoY to Rs 386.03 crore from Rs 348.45 crore. Gross NPA percentage was up sequentially.
GMR Airports Infra shares jump 9% today; here's what technical charts hint at
GMR Airports Infra share price: The stock surged 8.50 per cent to trade at a high value of Rs 92.34 in Friday's deals. It saw heavy trading volume on BSE today.
ACC shares fall 2% post stellar Q4 earnings, check details
ACC stock slipped 2.53%to Rs 2514 against the previous close of Rs 2579.70 on BSE. Market cap of the firm fell to Rs 47,604 crore.
Nearly 2,000% rally in 1 year! This multibagger reports over 1,000% growth in net profit in FY24
Shares of Jai Balaji Industries jumped to Rs 1086.95 on April 25, 2024, from Rs 53.03 on the same day a year ago.
Shriram Finance Q4 Results: PAT jumps 49% YoY to Rs 1,946 crore, NII rises 20%
The NBFC announced a final dividend of Rs 15 per share which will be paid to eligible shareholders before August 28.