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Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",
The US-based agency said India’s robust economic growth should support borrowers’ creditworthiness and Axis Bank’s weak loans, or nonperforming loans, could decline to 2.5-3 per cent of total loans by end-March 2023, from 3.7 per cent as of March 31, 2022.",
When viewed sequentially, the operating profit margin for the December quarter expanded by 1.80 per cent over the preceding September quarter, Icra Ratings said, attributing the same to the easing in input costs and also price hikes by many companies.",
Two years after he set the Kerala box office afire with his gangster action film Bheeshma Parvam, starring Mammootty in the lead role, cinematographer-turned-filmmaker Amal Neerad has announced his return to the director’s chair, this time with a band of younger talents. Titled Bougainvillea, the makers of the movie have finally unveiled its first look poster, featuring the main cast and offering a small glimpse into the movie’s world."
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We would request you that RBI monitoring of banks should be a triad – a combination of risk-based supervision, off-site surveillance and random on-site inspections of operational systems, which, we feel, will give the best result instead of RBI totally dispensing with on-site inspections,” the union said in the letter.",
According to the complaint, Rohit Pradhan, 34, found his mother, Seema Pradhan, 62, lying unconscious on the ground floor of their rented house in Maujpur around 9 am on May 14. According to Rohit, his mother lived alone on the ground floor, and was hit with a sharp object, the police said.",
Bank stocks today witnessed heavy selling and settled with losses of up to 6 per cent as RBI indicated worsening of NPA situation.",
The Indian stock, commodity and money markets will remain shut on Thursday, May 13, 2021, on account of Eid-Ul-Fitr. They will resume trading on Friday, May 14, 2021."
When asked if paparazzi indeed turn up out of the blue or are informed beforehand about the stars’ schedules, Janhvi stated that it depends on the star in focus. “Like now, the promotions for my upcoming film Mr and Mrs Mahi are ongoing, so they were called to the airport to click my pictures. But when film promotions are not happening, when I am not going for shoots, when I want to disappear, then, if they want to put in extra effort, and this has happened many times, they follow the car because they get paid for every picture,” she said during a chat with The Lallantop."
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India’s exports declined by 2.6 per cent to USD 34.47 billion in September this year as against USD 35.39 billion in the same month last year, government data showed on Friday."
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Telegram’s latest update for Apple devices allows users to migrate their WhatsApp chat history to Telegram. The migrated chats will show up alongside your native Telegram chats but will be labelled as ‘imported’ to indicate that they have been migrated from another app. The feature will also allow you to migrate chats from other instant messaging apps like Line and KakaoTalk, reports XDA."
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