Federal Bank Q1FY24 profit up 38.8% at Rs 880.12 crore, beats estimates
Federal Bank on Thursday posted its fiscal first quarter profit for the financial year 2023-24 at Rs 880.12 crore, up 38.8 per cent in comparison to Rs 634.22 crore during the same quarter last year, beating analyst expectations. According to a CNBC TV 18 poll, it was expected to post a profit of Rs 837.9 crore. The private sector bank earned an interest of Rs 5349.77 crore during the quarter as against Rs 3843.09 crore in Q1FY23. Federal Bank’s total income for the?quarter?was at Rs 6091.08 crore while the total expenditure for Q1FY24 was reported at Rs 4723.95 crore.?
LTIMindtree secures entry in Nifty 50 index; stock jumps over 2% today
LTIMindtree, the global technology consulting and digital solutions company formed through the merger of L&T Infotech (LTI) and Mindtree, has achieved a significant milestone in its growth journey by being included in the Nifty 50 index of the National Stock Exchange of India Ltd (NSE). This recognition underscores LTIMindtree’s rapid consolidation and emergence as a leading player in the market since the merger and its commitment to delivering value to stakeholders. LTIMindtree share price jumped 2% to Rs 4,913.45 today.
Why you should not start SIP in a top-performing mutual fund (always)
Like cricket, the mutual fund market is also a great leveller. While in cricket, a top player or a team doesn’t always remain on top of his game, and on many occasions fails, in mutual funds also, top-performing schemes do not always remain the top-performer. The probability of maintaining the top position by a scheme over the long term is less, data shows.
No matter how good it feels to read about top-performing mutual fund schemes, starting a SIP in them on the basis of past performance alone is not always beneficial. You may end up inviting losses when you base your investment decision on the one, three or five-year returns of a fund.
PM Modi France Visit | India Bolsters Naval Might: Approval granted for 26 Rafale M fighters and 3 Scorpene Submarines
With Prime Minister?Narendra Modi‘s visit to Paris, the Defence Acquisition Council (DAC) has given its approval for the procurement of 26?Rafale-M fighters and three additional Scorpene submarines for the Indian Navy. This decision marks a significant step in strengthening India’s naval capabilities.
The approval encompasses 22 fighter jets and four trainers, highlighting the government’s commitment to enhancing the?Indian Navy’s aviation fleet. Additionally, the DAC’s endorsement of three Scorpene Class Submarines underscores the importance of bolstering India’s underwater and anti-submarine warfare capabilities.
How to generate a secure credit & debit card PIN and keep it safe
Have you kept your credit and debit cards PINs unchanged for years? This is not a good habit. It can cost you dearly if your security PINs get compromised. You don’t even remember how many places and vendors you would have entered your security PIN to make transactions. Therefore, it is critical to set your PINs correctly and keep changing the same every three months, if possible.
As technology is advancing at an unprecedented rate, it is essential to protect yourself from potential threats. For many, credit and debit cards have become important. To protect yourself from becoming a victim, it is crucial to set up a security PIN for your card.
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OEM sales to drive demand, tyre sales to grow by upto 8% in FY2024 says ICRA
Credit rating agency ICRA has maintained its domestic tyre demand growth forecast for FY2024 at 6-8 percent YoY on the back of favourable demand from the original equipment manufacturer (OEM) segment and expected revival in replacements.?
It finds that an improved product mix and range-bound input costs are expected to enhance the margins by 200-300 bps in FY2024.
India considers banning most rice exports as local prices surge
India, the world’s biggest rice shipper, is considering banning exports of most rice varieties, a move that may send already lofty global prices of the food staple higher as the disruptive El Ni?o weather pattern returns. The government is discussing a plan to ban exports of all non-Basmati rice, according to people familiar with the matter. Authorities want to avoid the risk of more inflation before elections, said the people, who asked not to be identified as the information is not public.
Meet the Agarwals, family behind your favourite Haldiram Bhujia; know about their lifestyle, property dispute, net worth & more
In the vast and competitive landscape of the Indian food industry, there is one name that has stood the test of time and risen to unparalleled success – Haldiram. What started as a small sweet shop in Bikaner, Rajasthan, has blossomed into a multi-crore company, redefining the way people perceive traditional Indian snacks and sweets.
With a vision to offer high-quality traditional Indian snacks and sweets, Haldiram’s embarked on a journey that would eventually lead to its status as one of the most renowned food brands in India. The brand gained popularity for its delectable range of namkeens, including bhujia, sev, and a variety of traditional sweets. The consistent quality and flavours of Haldiram’s products soon earned the trust and loyalty of customers across India.
Invicto Vs Innova Hycross: How Maruti managed to price it lower than Toyota?
With the launch of Invicto last week, Maruti Suzuki ventured into the premium segment of the passenger vehicle market. The MPV is the first model to fall under the Rs 20-30 lakh price bracket. Despite its premium pricing, Invicto is significantly cheaper than Toyota Innova Hycross, on which it is based.
For reference, the top-spec Alpha+ 7-seater variant of Invicto is Rs 87,000 more affordable than the equivalent ZX 7-seater variant of Innova Hycross, priced at Rs 28.42 lakh and Rs 29.62 lakh (both ex-showroom), respectively. Let us take a look at 5 reasons why Maruti Suzuki Invicto is cheaper than its Toyota cousin.
Decline in India Inc’s auto sector deal activity; PE dominates amidst EV boom
Primarily influenced by the private equity (PE) segment, India Inc saw 16 deals amounting to USD 98 million in Q2 2023 in the auto sector. According to the Grant Thornton Bharat Dealtracker Report, Q2 2023, there has been a substantial decline in overall deal activity, with a 92% decline in values and 36% decrease in volumes.?
Hospital Administrator
1 年Can anyone frankly tell me, exactly what has happened to my IRCTC iMudra - Federal Bank Credit Card ending with 8128 and expiring on 09/24? Dr.Santanu Sanyal
Hospital Administrator
1 年Completely perplexed by the delay.
Hospital Administrator
1 年Completely unexpected. Unable to understand what has happened to my IRCTC iMudra - Federal Bank Credit Card issued long back and expiring on 09/24 even after raising this issue to the Customer Care. Card # XXXX XXXX XXXX X8128. Dr.Santanu Sanyal