News Archives - Page 4 of 14 -

04 Oct

HDFC Bank Q2 update: Gross advances expansion 7% to Rs 25.19 lakh crore, deposits grow 15%

Priyanka Roy0 CommentsBusiness, News

The country's largest private sector lender HDFC Bank on Friday reported gross advances growth of 7% to Rs 25.19 lakh crore as of September 30, 2024, as against Rs 23.54 lakh crore as of September 30, 2023.HDFC Bank's advances under management, which include inter-bank participation certificates, bill rediscounting and advances for securitisation/assignment, stood at Rs 26.33 lakh crore as of September 30, a growth of about 8% from Rs 24.37 lakh crore in the same quarter last year.Advances under management of the bank grew 2.3% to Rs 25.75 lakh crore as of June 30.Retail loans grew by about Rs 33,800…

03 Oct

Oil prices continue to expansion as Israel threatens retaliation after Iran attack

Priyanka Roy0 CommentsBusiness, News

October 03, 2024 (MLN): Oil prices jumped for a second day after Prime Minister Benjamin Netanyahu vowed to retaliate against Iran after it fired nearly 200 ballistic missiles at Israel, escalating the conflict in the Middle East.Global benchmark Brent rose 3% to near $75.79 a barrel after rising more than 5% on Tuesday.While the price of West Texas Intermediate Crude (WTI) rose by 3.29% to reach $72.13 per barrel.Although Israel and Iran have been at loggerheads since the war in Gaza against Tehran-backed Hamas began nearly a year ago, previous surges have been short-lived in the absence of any real…

02 Oct

GST collection inflation by 6.5 percent to Rs 1.73 lakh crore in September

Priyanka Roy0 CommentsBusiness, News

Domestic revenue grew 5.9 percent to Rs 1.27 lakh crore last month. Revenue from import of goods grew 8 percent to Rs 45,390 crore.GST Collection: According to government data released on Tuesday, the gross collection of Goods and Services Tax (GST) in the month of September grew by 6.5 percent year-on-year to around Rs 1.73 lakh crore. GST revenue was Rs 1.63 lakh crore in September last year. It was Rs 1.75 lakh crore in August 2024.Domestic tax revenue grew 5.9 per cent to about Rs 1.27 lakh crore in September, according to official data.At the same time, revenue from…

01 Oct

Manufacturing jobs rose 7.6% in FY23, salaries rose 5.5%: Government survey

Priyanka Roy0 Commentsbusiness, News

New Delhi: The manufacturing sector has shrugged off the impact of Covid-19 and posted robust growth, leading to job creation and higher incomes of workers, according to a survey report released on Monday, prompting policymakers to say that overall economic growth could pick up in the coming months.The Annual Survey of Industries (ASI) for the financial year 2022-23 showed that the gross value added (GVA) in the manufacturing sector grew by 7.4% at current prices in 2022-23 compared to 2021-22 and industrial output grew by over 21%. GVA is a measure of economic activity, defined as the added value created…

30 Sep

Aluminium futures expansion on fresh deals – PTI

Priyanka Roy0 CommentsBusiness, News

New Delhi, September 30 (Language) Aluminium prices on Monday rose by 0.84 per cent to Rs 239.50 per kg in futures trading as speculators created fresh positions amid positive sentiment in the spot market.At the Multi Commodity Exchange, aluminium for October delivery rose by Rs 2, or 0.84 per cent, to Rs 239.50 per kg in a business turnover of 3,328 lots.Analysts said fresh buying by traders amid demand from consuming industries supported aluminium prices in the futures market.

28 Sep

Gold futures price flourish by Rs 38 to Rs 75,351 per 10 grams – News

Priyanka Roy0 CommentsBusiness, News

New Delhi, September 26 (Language) Due to strong spot demand, speculators bought fresh deals, due to which gold rose by Rs 38 to Rs 75,351 per 10 grams in futures trading on Thursday.At the Multi Commodity Exchange, gold for October delivery rose by Rs 38, or 0.05 percent, to Rs 75,351 per 10 gram in a business turnover of 6,409 lots.Analysts said fresh deals by participants mainly led to the rise in gold prices.Globally, gold futures in New York rose 0.18 percent to $2,689.50 per ounce.

27 Sep

Tata Motors shares rise 2% on JLR’s £500 million electric SUV investment plan

Priyanka Roy0 CommentsBusiness, News

Shares of Tata Motors Ltd rose more than 2 per cent to Rs 986.4 in the afternoon on September 26 after its British arm, Jaguar Land Rover, announced plans to spend 500 million pounds ($669 million) on rebuilding one of its factories in England, which is set to start building electric SUVs.Jaguar Land Rover (JLR), maker of Range Rover and Land Rover vehicles, has announced plans to double its investment at its Halewood plant near Liverpool, taking total spending to £500 million over the coming years. The company has invested £250 million in the facility over the past 12 months,…

26 Sep

Bandhan Bank shares decline after chief audit executive resigns

Priyanka Roy0 CommentsBusiness, News

Shares of private lender Bandhan Bank Ltd fell on September 25 after its chief audit executive resigned to "explore alternative opportunities".In a stock exchange filing on September 24, Bandhan Bank said chief audit executive Ravi Lahoti has resigned and his last working day at the bank will be December 21, 2024."Ravi Lahoti, Chief Audit Executive of the Bank, has decided to explore alternative opportunities and has accordingly tendered his resignation from the services of the Bank vide a letter dated September 23, 2024," Bandhan Bank said in a stock exchange filing.At 10:55 am on September 25, Bandhan Bank shares were…

25 Sep

Slowdown in Indian economy will impact Asia-Pacific region’s upturn in 2025: Moody’s Analytics

Priyanka Roy0 CommentsBusiness, News

Moody's Analytics on Tuesday said that normalising growth in India will impact the performance of the Asia Pacific (APAC) region in 2025, as the Indian economy is projected to grow at 6.5 per cent in 2025 from an estimated 7.1 percent in 2024."Inflation in developing Asia will slow to 5.1 percent in 2024 and 4.9 percent in 2025, with sluggish economic inflation in China a key factor. Weak domestic demand will push Chinese domestic growth to 4.7 percent in 2024, well behind the official 5 percent target. Growth will slow to 4.6 percent in 2025," Moody's Ratings subsidiary said."Normalising growth…

24 Sep

Shares jump after NBCC bags order worth Rs 1,260 crore

Priyanka Roy0 CommentsBusiness, News

Public sector National Buildings Construction Company (NBCC) Ltd said its wholly-owned subsidiary HSCC (India) Ltd has received an order.HSCC India has received an order worth Rs 1,260 crore from the Ministry of Health and Family Welfare, Government of India for setting up All India Institute of Medical Sciences (AIIMS) at Darbhanga, Bihar.The further scope of the order and execution timeline have not been specified by the company.Earlier this month, NBCC had signed a Memorandum of Understanding with cash-strapped MTNL Ltd to develop MTNL’s positive land block of around 13.88 acres in New Delhi. The project is said to be worth…