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21 July, 2018 10:04 AM HDFC Bank Q1 net profit up 18.2%, NPAs rise marginally

Net interest income grew by 15.4 percent to Rs 10,814 crore in the first quarter The country’s largest private sector lender (by market capitalization), HDFC Bank posted an 18.2 percent year-on-year (YoY) increase in its first quarter net profit at Rs 4,601.44 crore missing expectations on the back of lesser than expected growth in interest income 46

21 July, 2018 8:42 AM ED files chargesheet against ex-HP CM's son

The Enforcement Directorate (ED) today filed a charge sheet in a Delhi court against Virbhadra Singh's son Vikramaditya in a money laundering case also involving the former Himachal Pradesh chief minister. Special Judge Arvind Kumar fixed the matter for consideration on July 24, when he will decide on whether to take cognisance of the final report 60

20 July, 2018 3:23 PM Over 20% Of Rajdhani, Shatabdi Trains Ran Late In The Last 2 Months

The punctuality of trains was affected due to large scale maintenance work on the tracks, Minister of State for Railways Rajen Gohain said. Railways' premium trains Shatabdi and Rajdhani ran around 30 per cent and 22 per cent late respectively during the last two months, Minister of State for Railways Rajen Gohain informed Rajya Sabha today. The minister 33

20 July, 2018 8:06 AM HDFC Life Insurance Q1 net profit rises 20.2% YoY to Rs 380 crore

The company's total premium income came in at Rs 5,060 crore for the quarter under review, 37 percent higher than in the June quarter last year Private life insurer HDFC Life Insurance posted a 20.2 percent year-on-year rise in its net profit for the June quarter to Rs 380.18 crore on the back of healthy growth in premium income. The life insurance company 31

18 July, 2018 7:35 AM How Tata Steel is reversing its sunk cost fallacy

Tata Steel is rectifying its capital allocation to tap opportunities in the domestic market and strengthen its competitive edge as competitors gain power The world’s most astute investor and businessman Warren Buffett once admitted to losing a huge sum of money letting sunk cost fallacy (infusing more and more capital to salvage an original investment) 38

17 July, 2018 11:38 AM Minimum Balance Rules, Penalty For Insufficient Balance In SBI Savings Accounts

Minimum balance requirements, charges: State Bank of India (SBI) requires customers to maintain a certain minimum balance in its savings accounts. State Bank of India (SBI), the largest lender of the country, requires customers to maintain a certain minimum balance in its savings accounts, except for some like the basic savings bank deposit account 45

17 July, 2018 11:12 AM Do your research before investing in ICOs:Â CFTC

The CFTC had earlier said that it considers cryptocurrencies such as bitcoin to be commodities. An advisory has been issued by the Commodity Futures Trading Commission (CFTC) on initial coin offerings (ICO) and crypto-assets warning the future buyers to do proper research and study about the company before investing in any firm. The official warning 38

17 July, 2018 7:28 AM Federal Bank Q1 net profit up 25%; asset quality remains stable

Asset quality and provisions remained stable. Federal Bank posted a 25% hike in its net profit for the quarter ended June 30, 2018 on account of lower provisions. The bank posted net profit of Rs 262.71 crore for Q1FY19 compared to Rs 210.15 crore YoY. Provisions decreased to Rs 199.15 crore compared to Rs 236.44 crore. The bank’s net interest income 42

16 July, 2018 11:50 AM Global regulators set out monitoring system for crypto-assets

Global regulators have published a framework for "vigilantly" monitoring risks from crypto-assets like bitcoin and ether, even though they don't pose a major risk to financial stability for now. The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies (G20), said the framework focuses on how risks from crypto-asset 39

16 July, 2018 7:12 AM As Bhushan Power & Steel lenders meet, operations creditors approach NCLT

The National Company Law Appellate Tribunal had last week asked the lenders to go ahead with the resolution process and select one of the bids Bhushan Power & Steel's Committee of Creditors will meet on Monday to take a call on the bids presented by Tata Steel and Liberty House. While many expect the lenders to take a favourable view of Tata Steel's 67