HDFC’s core lending franchise is currently valued at 1.3x FY24e BVPS (adjusted for the value of its subsidiaries). The lending business of HDFC generates a core RoE of 12-13%. Impediments to an improvement in the core RoE are (i) incremental loan growth being driven by the individual segment, which is a low spread business; (ii) …
As anticipation mounts for the upcoming Jabalpur North Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Jabalpur North Constituency Assembly Election 2023 that every voter should be …
LPG Prices Slashed (August 1, 2022): The price of a commercial LPG cylinder was reduced on Monday, in line with weakening international rates. The price of liquefied petroleum gas (LPG) used in commercial cylinders was cut by Rs 36 per 19-kg cylinder. Following the latest price reduction, the 19-kg commercial cylinder will now cost Rs …
At least 22 people were killed and 50 to 60 wounded on Wednesday in mass shootings at multiple locations including a bowling alley and a bar in Lewiston, Maine, NBC News reported, citing a Lewiston police source. The Lewiston Police Department on Facebook identified a person of interest in the mass shooting at the bar …
The Indian Rupee is likely to remain flat on Friday as volatility for the domestic currency will remain high following increasing tensions between China and Taiwan. Moreover, traders will also remain cautious ahead of the RBI’s monetary policy decision. USDINR pair is expected to trade within a broad range of 78.80 and 79.80. In the …
Indian Railways is working tirelessly to improve its connectivity across the country. It has undertaken several projects including laying of new railway tracks, doubling of lines, electrification, redevelopment of stations, construction of ROBs, launching of new trains etc. In this context, the Ahiran-Sujnipara doubling project of West Bengal deserves special mention. The Ahiran-Sujnipara rail project …
Blackstone Inc. is seeking to raise as much as 31.8 billion rupees ($400 million) through the sale of shares in Indian automotive component maker Sona Comstar, according to terms of the deal seen by Bloomberg News. An affiliate of the US firm is offering the shares in Sona BLW Precision Forgings Ltd., as it is …
Asian stocks and US equity futures stabilized Wednesday as investors assessed whether an escalating economic slowdown will lead the Federal Reserve to temper the pace of monetary tightening. South Korea led modest early gains among Asian bourses, while S&P 500 contracts fluctuated after the gauge posted a small loss on Tuesday. The latest data showed …
The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates.At the third fortnightly review, the government raised the windfall profit tax on the …
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended near the day’s high in a highly volatile session with Nifty settling shy of 17,700. The BSE Sensex index closed 130.18 points or 0.22% up at 59,462.78, and the NSE Nifty 50 shut shop 39.20 points or 0.22% higher at 17,698.20. …