News & Updates

HDFC Bank Q1 result preview: Expect robust profits, business growth to continue; eyes on merger update

HDFC Bank, India’s largest private sector lender, is expected to report strong on-year growth in net profit and net interest income, when it announces April-June quarterly results tomorrow (Saturday). Analysts also expect HDFC Bank provisions to fall along with NPAs (non-performing assets). Investors will also keenly wait for management comments on HDFC

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Sen-sational ‘partner in crime’: Lalit Modi announces ‘new beginning’ with ‘betterhalf’ Sushmita Sen — check pics

In what can be called the ‘breaking the internet’ news of the day, businessman and IPL founder Lalit Modi announced via a social media post that he is ’beginning a new life finally’ with ‘betterhalf’ and former Miss Universe Sushmita Sen. Lalit Modi took to his Twitter and Instagram handles to make the official announcement. He shared a mushy post along with

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Data Drive: A creditable showing

The credit quality of companies has improved as upgrades by rating agencies have risen remarkably and downgrades have fallen in the last few months. Even the National Automated Clearing House’s bounce rates data for banks have been improving, though there are concerns regarding the SME segment. Asset quality of banks have improved steadily as gross

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FE Exclusive | Future of PPP in defence is bright, and a shining example of AatmaNirbhar Bharat: DRDO Chief

India’s Defence Research and Development Organisation (DRDO) has more than 50 laboratories across the country. All these laboratories are engaged in developing defence technologies in various sectors including combat vehicles, missiles, naval systems, advanced computing, aeronautics and armaments. And in over six decades this premier organisation has been

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Bajaj Finance books 7.4 million loans in Q1

Non-banking financial company Bajaj Finance on Wednesday said it had recorded the highest-ever quarterly increase in its customer franchise at 2.7 million during Q1FY23. The NBFC’s customer franchise as of June 30 stood at 60.3 million compared to 50.5 million a year ago. New loans booked by the company during Q1FY23 were 7.4 million compared to 4.6 million

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Excise waiver for biofuels widened

The government has expanded the excise duty waiver for biofuels to encourage the blending of higher proportions of ethanol and components of vegetable oil with petrol and diesel. The move follows the amendments to the National Policy on Biofuels to advance the date by which oil marketing companies have to raise the percentage of ethanol in petrol to 20% to

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