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Kotak Equities expects the country’s largest lender’s operating profit to nearly double, primarily as the base quarter had higher operating costs pertaining to retirement costs.Asset quality is likely to improve further in the quarter gone by, but analysts expect provisions for bad loans to go up sequentially.

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RateGain with a market capitalization of around Rs 3,100 crore was founded in 2004. The company is a provider of SaaS solutions and one of the world’s largest processors of electronic transactions and price points for travel and hospitality.

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The Rs 137-crore order is for designing, supplying, erecting, testing and commissioning for OHE Modification Work in the existing 25 kV OHE.Rail Vikas Nigam stock in the last 1-year has gained by over 25%.

NFTs are programmable as per user requirements. They are special assets that cannot be substituted by any other kind of token as a result

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The report concludes the key to whether India will be able to take advantage of its demographic dividend depends on an improvement in the quality of its workforce, changes in India’s ground-level infrastructure, continuing reforms by the government, and the flow of savings that can support a growing elderly population.

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The company, on a recent basis, announced its plans to acquire 100-plus new drones as a part of its expansion plan. Further, the company plans to train 500 plus pilots and 25 instructors annually starting in 2023.Being a 40-plus people team, we are now embarking on a 2.0 vision of growth and value creation – with our listing and investment plans fortified.

Indian digital assets ecosystem needed a crypto-native voice. As India Blockchain Forum, we look forward to cooperating with BWA to foster an inclusive development of the Indian web3 ecosystem," he added.The dismantling of BACC dampened the mood of the crypto ecosystem in India during a crypto market downturn at the same time as stiff new taxes and macroeconomic factors were hurting the industry and its consumers.

Shipping Corp Q2 net drops 49 pc to Rs 124 cr

Updated at : 2022-11-04 21:30:04

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SCI said the shareholders of the company have approved dividend of Rs 0.33 per equity share of face value Rs 10 each.It said the proposed strategic disinvestment of SCI is being handled by the Department of Investment and Public Asset Management (DIPAM) with the engagement of necessary advisors.

Cipla reported a multi-quarter high of $179 million in revenue and 25% YoY growth led by the successful launch of a generic version of the immunomodulatory drug Revlimid and continued market share expansion of Lanreotide used for the treatment of growth hormonal disorders.

ECB President doubles down on rate increases

Updated at : 2022-11-04 21:30:04

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ECB President Christine Lagarde said in a lecture at the central bank of Estonia that "we will not let high inflation become entrenched" by allowing expectations of higher prices to become baked into wages and costs, creating a spiral of ever-higher inflation.

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