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Showing posts from May 18, 2023

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 “Great things in Business are never done Today's Headlines from : *Economic Times* ๐Ÿ“ CCI clears merger of Credit Suisse Group with UBS Group ๐Ÿ“ Infibeam looks to raise up to $50 million by listing UAE step-down arm ๐Ÿ“ PNB Housing Finance Q4 Results: Net profit zooms 64% YoY to Rs 279 crore ๐Ÿ“ India looks to build consensus at WTO to block non-trade issues ๐Ÿ“ S&P retains India credit rating; expects sound fundamentals to underpin growth ๐Ÿ“ Govt mulls setting up of eight new cities in country: Official ๐Ÿ“ Ant Group profit falls 56% amid overhaul ๐Ÿ“ Russia, Iran sign MoU to build rail link to boost INSTC ๐Ÿ“ REC plans to increase loan book by two-fold to Rs 10 lakh crore by 2030 ๐Ÿ“ Real estate buoyancy pushes land demand, Rs 26,000-cr deals clocked in 17 months ๐Ÿ“ Timex Group acquires watch retail brand Just Watches ๐Ÿ“ Nodwin Gaming raises $28 million in funding from Nazara, Sony, Krafton ๐Ÿ“ Gaming startup Rooter raises $16 million in funding led by Lightbox ๐Ÿ“ Data analytics com...

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 ╭ ╰────────────────╯  *19 May (Friday)*   *Vedic Ritu*/ Vasant (Spring) *Drik Ritu* : Grishma (Summer) *เคชเค•्เคท* :: Krishnapaksh Vikram Samvat - 2080  Shaka Samvat - 1945 *Month* :  Jyeshta 14,   (Purnimanta)  Vaishaka 29, (Amanta)   *Nakshatra*:Bharani (up to 7:29 am)Krithika ×××××××××××××××××××××××  *TODAYS TOP NEWS*  ××××××××××××××××××××××× 1.  President Droupadi Murmu on Thursday appointed Prashant Kumar Mishra, the chief justice of the Andhra Pradesh high court, as a judge of the Supreme Court. 2. PM Modi will inaugurate the newly-constructed Parliament building on May 28.  The new Parliament building can comfortably seat 888 members in the Lok Sabha chamber and 300 in the Rajya Sabha chamber.  3. Ending days of suspense, the Congress central leadership earlier on Thursday announced that Siddaramaiah would be the chief minister, while state party chief D K Shivakumar would be his only deputy.  The go...

News

๐Ÿ’   SBI Q4 Results: Net profit zooms 83% YoY to Rs 16,695 crore, beats estimates : India's largest bank State Bank of India (SBI) reported an 83% growth in standalone net profit at Rs 16,695 crore for the quarter ended March. It was Rs 9,113 crore in the same quarter last year. The Board declared a dividend of Rs 11.30 per equity share (1130%) for the financial year ended March 2023. The date of payment is fixed on June 14. Net interest income for the fourth quarter rose 29% to Rs 40,393 crore, compared with Rs 31,198 crore in the corresponding quarter of last year. Both net profit and NII were above ET Now poll estimates. The poll saw profit around Rs 15,000 crore and NII at Rs 40,000 crore. Provisions (other than tax) and contingencies fell sharply by 54% to Rs 3,316 crore for the quarter under review against Rs 7,237 crore a year ago. - economic times ๐Ÿ’   There could be some moderation in credit growth in FY24: SBI Chief Khara : State Bank of India Chairman Dine...