But slippages shot up 43.8 percent sequentially to Rs 5,339 crore due to lumpy corporate and stress in agri segment, with provision coverage ratio declining 300bps QoQ to 66.7 percent in the December quarter. Hence, the credit cost was the highest in last eight quarters. … [Read more...] about HDFC Bank Q3: Mixed numbers; should investors buy, sell or hold?
Given the impending elections and the political narrative of farm distress, a special package aimed at farmers was largely expected from the Budget. It primarily focused on a direct cash transfer to farmers (land holdings of up to 2 hectares) of Rs 6,000 annually, costing Rs 75,000 crore (0.36 percent of GDP) in FY20, and a partial Rs 20,000 crore (0.1 percent of GDP) in FY19. The government also announced a 5 percent interest rate subvention on the timely repayment of loans by farmers (pursuing animal husbandry and fisheries). … [Read more...] about Budget 2019: An Election Agenda?
"It's very complex to know how to tax a multinational... We desperately want it to be fair," the Apple CEO added after receiving an inaugural award from the Irish state agency responsible for attracting foreign companies recognising the contribution of multinationals in the country. … [Read more...] about Apple’s Tim Cook says global corporate tax system must be overhauled
The Frame QLED TV 55-inch, which when not in use transforms into a picture frame with over 1,200 digital artworks to choose from. Samsung said that this product was sold out before the end of the offer period during its previous sale on Flipkart, in September 2019. … [Read more...] about Republic Day: TV makers plan big offers to catch up on lost sales