CATEGORIES

PNB's profit jumps 145% in Q2

State-owned Punjab National Bank (PNB) on Monday reported a 145 per cent year-on-year increase in its net profit at ₹4,303 crore for the second quarter (Q2) of 2024-25 (FY25). The net profit was ₹1,756 crore in the year-ago period.

‘We may lend to a telco if it gets AAA rating’

Punjab National Bank (PNB) has said it would consider lending to a telecom company only if it gets AAA rating. PNB Managing Director and Chief Executive Officer ATUL KUMAR GOEL said this in an online interview to Harsh Kumar while responding to a question on Vodafone Idea’s request for a fundraise. As of now, PNB has refused lending to the telco, Goel said. Edited excerpts:

Over 35% FPCs process multiple documents for registration: Survey

A study on farmer producer companies (FPCs) has found that around 36 per cent of such business entities had to process too many documents for registration, while 22 per cent indicated that they had to visit multiple offices.

Das: Positives outweigh negatives in economy

Says recent action against NBFCs in the best interest of customers

RBI sets ₹300 cr net worth rule for CCPs

The Reserve Bank of India (RBI) announced on Monday that any entity seeking authorisation or recognition as a Central Counterparty (CCP) must have a minimum net worth of ₹300 crore at the time of submitting its application.

India gets its 1st private military aircraft facility

PM says Tata-Airbus unit in Vadodara to give new direction to India-Spain ties

SBI Life least affected by new surrender norms

Following SBI Life Insurance's Q2 earnings, managing director (MD) and chief executive officer (CEO) AMIT JHINGRAN spoke with Subrata Panda and Aathira Varier in Mumbai on the insurers' road ahead. Jhingran also talked about how the company is positioned to leverage various opportunities emerging in the sector. Edited excerpts:

Ambuja Cements' Q2 net down 42%

Mirroring the price and demand weakness in the sector, Ambuja Cements reported a 42.5 per cent year-on-year (Y-o-Y) slump in its consolidated net profit (attributable to the owners of the company) for the second quarter of 2024-25 (Q2FY25), largely owing to muted growth in revenue.

People moving from affordable segment wherever there is a possibility

The Indian real estate sector witnessed a decline in affordable housing launches and overall sales in the September quarter of 2024. NIRANJAN HIRANANDANI, managing director, Hiranandani Group, in an interview in Mumbai with Prachi Pisal, spoke about the sector's prospects and the group's plans to launch a real estate investment trust (Reit) to raise funds. Edited excerpts:

Flipkart Internet's FY24 revenue grows 21%

Flipkart Internet, the marketplace arm of Walmart-owned Flipkart, reported a 21 per cent year-on-year (Y-o-Y) growth in its revenue to ₹17,907.3 crore in FY24.

Shashwat Sharma to take over as MD, CEO of Airtel

Board rejigged; Vittal named vice-chair

Sun Pharma's Q2 net rises on higher mkt share, volumes

Rise in PAT also aided by good performance in domestic, emerging markets

Higher tariffs lift Airtel's Q2 profit 168%, Arpu tops ₹230

Bharti Airtel's net profit in the July-September quarter (Q2) of FY25 rose 168 per cent year-on-year (Y-o-Y) to ₹3,593 crore as against ₹1,340 crore in the same period a year ago as a result of higher telecom tariffs imposed in early July.

Urban demand stress under watch: FinMin

Says festival season may boost consumption

Record ₹4.6 trn DII inflows fuel mkt's stellar leap in Samvat 2080

Domestic institutional investors (DIIs) have infused a record ₹4.6 trillion into Indian equities over the course of Samvat 2080, marking the highest net annual investment in any Samvat to date.

Changes in policy terms must be conveyed

Mustafa Pithawala had taken a home loan of ₹20,11,101 from Tata Capital Housing Finance on October 19, 2015. To secure its repayment, he was covered under ICICI Lombard Group Secure Mind Policy, valid from October 23, 2015, to October 22, 2020. This policy also covered personal accident and major medical illnesses and procedures such as coronary artery bypass graft surgery (CABG).

Begin early, use equity MFs, NPS and PPF to build corpus

Extending work life may not be easy: Health issues, changing workplace needs may upend plans

Sunny skies for REITs, with a high chance of growth

Home stretch for real estate investment trusts as strength of the office leasing market and Q2 results show endurance

The steady drumbeat of value creation

HSBC Value Fund, launched in January 2010, has consistently ranked in the top 30 percentile of the focused funds category in the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters up to June 2024.

Moderate rally in Samvat 2081; DIIs key drivers'

The markets are set to enter Samvat 2081 after a year where midcap and smallcap indices outperformed their larger peers. JIGNESH DESAI, chief executive officer of institutional equities at Centrum Broking, in conversation with Puneet Wadhwa in Mumbai, discusses how specific stocks in the largecap universe will continue to attract interest. He also shares his outlook on the midcap and smallcap rally, which he expects to persist over the next two to three years, albeit with intermittent corrections that could present buying opportunities. Edited excerpts:

Stop, think, then take action: PM's mantra to counter 'digital arrests'

Prime Minister Narendra Modi on Sunday flagged the issue of fraudsters targeting people with the cyber crime of \"digital arrests\" and urged people to adopt the mantra of stop, think and take action when faced with such a scam, asserting that these steps will provide digital security to them.

In a first, standard treatment norms for vets unveiled

They discourage excessive use of antibiotics in poultry and livestock

Luxe hotels curate Diwali hampers beyond the box

Season highlights: Locally sourced goodies, sustainable packaging

When deposits become 'assets' of banks

Offering a higher interest rate is an easy but costly solution. It's time for banks to innovate

SCENT OF A MAN

Why domestic telcos smell trouble if Elon Musk's Starlink gets satellite spectrum at administrative prices

India leans on tech to manage land and property

New technologies are boosting the property market and helping land management in India. As the government pushes for digitization of land records and entrepreneurs deploy new technologies in the property market, a change is coming.

Tech leaders bet on AI's India future

Why the world believes in the country's talent pool, infrastructure and 'vibrant' startup ecosystem, reports SHIVANI SHINDE

'Robots could be one of humanity's greatest opportunities'

The new buzz word in the world of artificial intelligence is Physical AI, the coming together of hardware and software on which applications are built. DEEPU TALLA, vice-president (VP) and general manager (GM) for robotics and edge computing at chipmaker Nvidia, is working to make Physical AI a reality. In an interview on the sidelines of the Nvidia AI Summit in Mumbai, he spoke with Shivani Shinde about Physical AI, robots and more. Edited excerpts:

Bridge to Berlin

Agreement can open up opportunities

Robert Fisk's last war stories

Robert Fisk was the best-known British war correspondent of his generation, thanks in part to sheer persistence. He spent more than four decades running from one Middle Eastern death zone to the next, cataloguing the horrors he saw in gruesome detail and railing against the West's complicity in them. He was something of a cult figure on the British left, where his anti-imperial and anti-Zionist convictions were widely shared.