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21 April, 2018 2:53 PM HDFC Bank profit rises 20%

Advances grow 18.7% in fourth quarter aided by retail and corporate portfolios HDFC Bank, the second largest private sector lender, reported 20.3% year-on-year growth in net profit to ₹4,799.3 crore for the quarter ended March 31, 2018. The net profit was in line with analysts’ expectation. The profits were boosted by both interest and non-interest-income 38

16 April, 2018 4:59 PM WPI inflation eases to 2.47% in March

Inflation based on wholesale prices slipped marginally to 2.47% in March on falling prices of food items, especially vegetables and pulses. On the basis of the Wholesale Price Index, inflation had quickened to 2.48% in February and to 5.11% in March last year. According to government data, food articles witnessed deflation after about eight months as vegetables 33

16 April, 2018 6:59 AM India's WPI inflation edges down to 2.47% in March

Wholesale food prices in March fell 0.07 % year-on-year. India's annual wholesale price inflation slightly eased in March, helped by a fall in food prices, government data showed on Monday. Annual wholesale price inflation last month eased to 2.47 % from a year earlier, a shade lower than a provisional 2.48 % rise in February, and below a 2.58 % increase 32

7 April, 2018 6:01 PM Colleges challenge new MBBS fee structure

Panel fixes fee of ₹5,60,000 per student for 2018-19 The new fee structure for MBBS in self-financing medical colleges fixed by the Admission and Fee Regulatory Committee for Medical Education for the academic year 2018-19 has been challenged in the Kerala High Court. The committee had fixed the fee at ₹5,60,000 per student for the academic year after 36

2 April, 2018 3:23 PM Prices of 869 formulations to go up by 3.44%: NPPA

Prices of 869 formulations, including antibiotics, cancer and cardiovascular disease treatment drugs and two types of coronary stents, have gone up by 3.44 percent, according to the government. The development follows a price revision as per annual wholesale Price Index (WPI) at the rate of 3.44 percent increase, the National Pharmaceutical Pricing Authority 35

20 March, 2018 4:04 PM ICICI Bank raises Rs 4,000 cr via bonds

Private sector lender ICICI Bank today said it has raised Rs 4,000 crore from bonds to fund growth. "The Committee of Executive Directors of the bank at its meeting held today has approved the allotment of 40,000 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs 4000 crore on private 60

18 March, 2018 9:29 AM Fire breaks out in automobile spares shop in Salem

A fire broke out in a wholesale automobile spare parts marketing shop at Mittapudur area in Salem city on Sunday. According to police sources, the people residing nearby spotted smoke emanating from the shop, functioning on the first floor, in the morning and alerted the fire and rescue services personnel. As the engine oil stock also caught fire, thick 24

14 March, 2018 4:11 PM Wholesale inflation eases in Febuary

Seven-month low of 2.48% in February on cheaper food articles, including vegetables. Inflation based on wholesale prices eased to a seven-month low of 2.48% in February on cheaper food articles, including vegetables. On the basis of Wholesale Price Index (WPI), inflation was 2.84% in January and 5.51% in February 2017. WPI inflation at 2.48% in February 44

14 March, 2018 7:47 AM Wholesale inflation eases to 7-month low of 2.48 % in February

Inflation based on wholesale prices eased to a seven-month low of 2.48 % in February on cheaper food articles, including vegetables. On the basis of Wholesale Price Index (WPI), inflation was 2.84 % in January and 5.51 % in February 2017. WPI inflation at 2.48 % in February is the lowest in seven months. The previous low level was recorded in July at 1.88 %. According 32

2 March, 2018 4:04 AM Sensex, Nifty shut on account of Holi festival

The country’s pioneer stock exchanges, BSE and the National Stock Exchange (NSE) are shut on Friday on account of Holi festival. As a result, there will be no trading in the equity market. Along with it, all wholesale commodity markets, including those of metals and bullion, are closed. The forex and commodity futures markets will also not conduct 48