Blog

Paytm, PhonePe to launch UPI Lite for smaller epayments soon: Report Paytm and PhonePe are likely to launch the Unified Payments Interface (UPI) Lite on their mobile applications soon, a report by the Economic Times (ET) said. On Paytm, the feature is expected to be enabled within a month. UPI Lite was introduced by ...

4 reasons Bajaj Finance is this week’s stock pick [ad_1] Bajaj Finance (BAF), a diversified NBFC, reported a strong performance in the third quarter of 2022-23 with a 40% y-o-y jump in net profit. The reported net profit was 1.7% higher than the consensus estimates of analysts compiled by Thomson Reuters-Refinitv. The performance was driven by strong customer addition, robust ...

6 building materials stocks with up to 38% upside potential [ad_1] Helped by solid growth prospects of the construction and real estate sectors, stocks of building material companies are expected to perform well in the future. Experts are bullish about the growth trajectory of different building materials like wood panels, tiles and pipes. A recent HDFC Securities report expects the ...

IDFC First Bank to raise Rs 2,196 cr via preferential allotment of shares IDFC First Bank on Saturday said its board has approved allotment of 37.75 crore shares to a subsidiary of IDFC on preferential basis for Rs 2,196 crore. Equity shares of face value of Rs 10 each fully paid-up, on a preferential basis ...

Axis Bank says it is comfortable with exposure to Adani Group entities Axis Bank on Saturday said its exposure to Adani Group entities stood at 0.94% of its net advances on Dec. 31, adding that it remained comfortable with its exposure. “Our exposure to Adani Group is primarily to the operating companies in the Ports, ...

Deductions available under new tax regime 2023| EconomicTimes [ad_1] Standard deduction As per Budget speech, “Standard deduction of Rs 50,000 to salaried individual, and deduction from family pension up to Rs 15,000, is currently allowed only under the old regime. It is proposed to allow these two deductions under the new regime also.” [ad_2]

mahila samman saving certificate interest rate: Mahila Samman Savings Certificate offers higher interest than bank FDs, most other post office schemes; check details [ad_1] The Mahila Samman Savings Certificate (MSSC) is a one-time small savings scheme for women investors that Finance Minister Nirmala Sitharaman announced in Budget 2023. All you need to know about the new Mahila Samman Savings CertificateThrough ...

BoB well placed when it comes to its exposure to Adani Group: CEO Chadha After the banks’ Q3 earnings, Sanjiv Chadha, MD&CEO, Bank of Baroda, spoke to Subrata Panda on the banks’ exposure to the Adani Group, and how its loan and deposit growth will pan out, going forward. Edited Excerpts: Is there any concern ...

RBI says banking sector remains resilient amid Adani Group’s stock rout The Reserve Bank of India (RBI) on Friday said the banking sector remained resilient in terms of its assessment, and bank exposures to companies were well within norms. This came amid concern over lenders’ financial health due to the stock rout in the Adani ...

State Bank of India books over Rs 14,000-cr profit in its best performance State Bank of India (SBI) registered its highest-ever quarterly net profit of Rs 14,205 crore in the October-December 2022 period – a jump of 68.47 per cent year-on-year (YoY). Robust growth in net profit, which beat analyst estimates, came on the back of a ...