Gaurav Bansal

[ad_1] MANESAR: India's electronics manufacturing and export prowess have grown multi-fold in the last decade driven by enabling policies and incentives and the Made-in-India products now command global recognition, given their reliability and respect for IP rights, Union minister Ashwini Vaishnaw said on Friday.Vaishnaw said electronics manufacturing in India has risen five-fold in the last decade topping Rs 11 lakh crore. Exports have grown six times during this period, crossing Rs 3.3 lakh crore. The entire ecosystem has spurred 25 lakh jobs, Vaishnaw, minister for electronics and IT said. "In global market, Indian products, given their reliability and respect for IP rights, have an advantage, and it is being recognised globally."India's design capabilities have paved the way for complex products - from AI cameras to automobile electronics and telecom network equipment to power electronics - being designed here, adding to […]

[ad_1] ICICI Bank board has recommended a dividend of Rs 11 per share for the financial year 2024-25, following a robust financial performance in the fourth quarter. The bank’s board recommended the dividend after reporting a strong 18% year-on-year growth in standalone net profit, which rose to Rs 12,630 crore for the January-March quarter, compared to Rs 10,708 crore in the same period last year.On a consolidated basis, the net profit increased by 15.7%, reaching Rs 13,502 crore. This growth was supported by a steady rise in lending and healthy net interest income. The bank’s core net interest income (NII) rose 11% year-on-year to Rs 21,193 crore, driven by a 13.3% increase in the loan book and a marginal expansion in the net interest margin (NIM) to 4.41%, up from 4.40% in the year-ago period.However, the bank signalled that margins […]

[ad_1] HDFC Bank has announced a final dividend of Rs 22 per equity share for the financial year 2024-25. This translates to a 2,200% pay-out on the face value of Re 1 per share and is subject to approval by shareholders.The bank has fixed June 27, 2025, as the record date to determine shareholders eligible to receive the dividend.“The Board also recommended a dividend of Rs. 22 per equity share of Re. 1/- each fully paid up (i.e. 2200 %) for the FY 2024-25, subject to the approval of the shareholders. The record date for determining the eligibility of members entitled to receive the said dividend is Friday, June 27, 2025,” HDFC Bank’s filing to the stock exchanges read.Under the T+1 settlement cycle followed in Indian stock markets, investors must purchase HDFC Bank shares before the ex-dividend date, which is […]

[ad_1] BENGALURU: The National Company Law Appellate Tribunaldismissed attempts by Byju's founder Byju Reveendran's brother Riju Ravindran and cricket body BCCI to withdraw insolvency proceedings against the edtech firm without creditor approval.This decision reinforces the authority of the committee of creditors (CoC) in thecorporate insolvency case.NCLAT upheld an earlier decision by the Bengaluru bench of the National Company Law Tribunal (NCLT), which declined to immediately approve the out-of-court settlement between BCCI and Byju's. The appellate tribunal stated that since the settlement proposal came after the formation of the CoC, it cannot proceed without the consent of 90% of the creditor group, in line with Sec 12A of Insolvency and Bankruptcy Code.The CoC includes GLAS Trust, a US-based trustee representing lenders to whom Byju's owes $1.2 billion, and Aditya Birla Finance. Based on admitted claims, GLAS Trust holds a 99.4% voting […]

[ad_1] Private sector lender Yes Bankon Saturday reported a 63.3% year-on-year (YoY) increase in standalone net profit to Rs 738 crore for the March quarter. Net interest income (NII) also rose by 5.7% YoY to Rs 2,276.3 crore.Both net profit and NII exceeded Street estimates.During the quarter, the bank’s interest income grew by 2.3% YoY to Rs 7,616 crore. Net non-performing assets (NPA) improved to 0.3%, down from 0.5% in the previous quarter. Yes Bank’s gross NPA remained unchanged sequentially at 1.6%, while provisions increased 23% quarter-on-quarter to Rs 318.1 crore. Advances grew 8.1% YoY to Rs 2.46 lakh crore, and the deposit base rose 6.8% YoY to Rs 2.85 lakh crore in Q4."The Bank exited the year with a quarterly RoA of 0.7%, achieved 100% PSL compliance, improved Gross and Net NPA ratios to 1.6% and 0.3% respectively — […]

[ad_1] ICICI Bank on Saturday announced a 15.7% year-on-year increase in its consolidated net profit for the January–March quarter, reaching Rs 13,502 crore.On a standalone basis, the private sector lender’s net profit rose by 18% to Rs 12,630 crore, compared to Rs 10,708 crore in the same quarter last year.The bank’s core net interest income (NII) grew by 11%, rising to Rs 21,193 crore, up from Rs 19,093 crore in the year-ago period.Meanwhile, non-interest income (excluding treasury gains) saw a strong 18.4% increase, totalling Rs 7,021 crore for the quarter.Provisions for the quarter stood at Rs 891 crore, higher than the Rs 718 crore reported during the same period last year.Asset quality also improved, with the gross non-performing assets (GNPA) ratio declining to 1.67% as of March 2025, down from 1.96% at the end of December 2024. [ad_2] Source link

[ad_1] Robert Kiyosaki, the author of the best-selling personal finance book Rich Dad Poor Dad, has issued a stark warning to Americans and global investors: the financial collapse he has long predicted is now underway.In a recent public statement shared on social media, Kiyosaki pointed to several alarming trends—including record-high credit card debt, surging US national debt, rising unemployment, and struggling retirement funds—as signs that the United States is slipping into what he calls a “Greater Depression.”“The crash I warned of in Rich Dad’s Prophecy is happening now,” Kiyosaki wrote. “Millions may be pushed into poverty. But those who take action could become very rich.”Investment advice: Gold, silver, bitcoinKiyosaki reiterated his long-standing investment advice, encouraging people to purchase what he calls “real assets”: gold, silver, and Bitcoin. While critics have previously dismissed his repeated calls to buy these commodities, he […]

[ad_1] HDFC and ICICI Bank to announce Q4 results today HDFC Bank and ICICI Bank, two of India’s largest private sector lenders, are set to announce their financial results for the fourth quarter of FY2024-25 on Saturday, according to BSE calendar. As of March 31, 2025, HDFC Bank’s period-end advances stood at Rs 27.73 lakh crore, up 7.7 per cent year-on-year from Rs 25.76 lakh crore last year, according to report by IIFL Capital.On a quarterly basis, advances rose 3.3 per cent from Rs 26.83 lakh crore in December 2024. Retail loans grew 9 per cent year-on-year, while commercial and rural banking loans increased 12.8 per cent. However, corporate and other wholesale loans declined 3.6 per cent, moderating the overall loan growth. Gross advances were Rs 26.43 lakh crore, up 5.4 per cent from Rs 25.08 lakh crore in March […]

[ad_1] BENGALURU: Infosys terminated 240 trainees at its Mysuru campusafter they failed to clear an internal assessment. This decision came after the trainees were given three attempts to qualify. The company gave them ample preparation time and arranged several mock assessments and doubt-clearing sessions.Despite these efforts, the trainees were unable to meet the required standards. This marks the third instance of such terminations at the IT firm's Mysuru facility in recent times.In Feb, Infosys terminated around 350 freshers after they failed to clear internal assessments. In March, the company dismissed 45 trainees for the same reason.On completing a separation and general release agreement, the company said it will offer one month's salary, a relieving letter, and a 12-week training programme for potential roles in the BPM sector. Infosys has also partnered with NIIT and UpGrad to assist the affected trainees […]

[ad_1] BENGALURU: For over two decades, IT companies have been the biggest hirers of engineering and technology talent. However, amid uncertainty, IT companies are treading cautiously when it comes to workforce expansion.With increased adoption of AI and automation, there is greater focus on productivity.The top three Indian IT firms added 1,438 employees during the March quarter, reversing a decline of 936 in headcount in the Dec quarter. TCS added 625 people, while Infosys and Wipro added 199 and 614 employees, respectively, during Q4.However, the top five Indian IT firms saw a collective net headcount reduction of 2,587 in the Dec quarter, contrasting sharply with the Sept quarter's addition of 15,033 employees. IT firms are bracing for a bleak hiring forecast due to the overhang of macroeconomic headwinds reshaping demand environment, leading to a dent in the job market. Firms are […]