Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × State Bank of India (SBI) is likely to report strong performance for the quarter ended March 2022 when it will declare its results on May 11. Experts expect India’s largest banker to report a robust on-year growth of 50 percent for the quarter and expect its net interest income (NII) to increase 16 percent over the same period last year. According to a poll of four brokerages conducted by Moneycontrol , SBI is likely to post a net profit of Rs 10,075 crore for the quarter ended March 2022 on a NII of Rs 31,360 crore. The bank had registered a PAT of Rs 6,451 crore during the corresponding period last year with NII coming in at Rs 27,067 crore. The profit during the October – December period stood at Rs 8,432 crore when the bank had registered a NII of Rs 30,687 crore. Close … [Read more...] about State Bank of India Q4 Results Preview | Profit may surge 50% on healthy loan growth, asset quality
Expected 5g plans in india
India leading the way of innovation, one unicorn coming up every 10 days: PM Modi in Germany
PM Modi addressing the Indian diaspora in Munich, Germany, on June 26 (Image: Twitter/@DDNews) India is leading the "way of innovation", with one unicorn emerging in the country at every 10 days, Prime Minister Narendra Modi said on June 26 in Germany's Munich, where he addressed members of the Indian community. "There was a time when India was nowhere in the race of startups. Today, we are the third-largest startup ecosystem. Similarly, we used to import even the simplest phones, today, we are the second-largest mobile phone manufacturer in the world," he said. "Not only this, in India, on an average, we have a ‘unicorn’ every 10 days," Modi added. The spirit of innovation is evident in all parts of the country, Modi claimed, noting that an average of 5,000 patents are filed every month in India. Also Read: Modi at G7 in Germany | Expectations from and support for India will rise rather than fall Close The country is also matching the pace of … [Read more...] about India leading the way of innovation, one unicorn coming up every 10 days: PM Modi in Germany
Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery
Share to Twitter Share to Linkedin Adani Enterprises —controlled by Gautam Adani and his family—is pushing ahead with plans to build India’s largest copper refinery as the world’s second most populous nation seeks to reduce its reliance on metal imports. The conglomerate—which also has interests in airports, edible oils, ports, renewable energy and toll roads—said in a regulatory filing on Sunday that its unit Kutch Copper has raised 60.7 billion rupees ($775 million) in loans from a syndicate of banks led by the State Bank of India. Proceeds will be used to accelerate the construction of a greenfield copper refining plant in Gujarat, Adani’s home state in western India. “Kutch Copper aims to create the capacity for production of refined copper, which plays a vital role in strengthening the nation’s shift towards electric vehicles and renewables,” Vinay Prakash, director of Adani Enterprises said in a statement. “The project has requisite technology … [Read more...] about Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery
Food export bans, from India to Argentina, risk fueling inflation
- A + A MUMBAI/BUENOS AIRES/LONDON (June 27): It only took 24 hours last month for Prime Minister Narendra Modi's government in India — the world's second-largest producer of wheat — to shelve its plans to "feed the world". In April, Modi had said publicly that the world's most populous democracy was ready to fill part of the gap left by Ukraine in global grains markets by increasing its wheat exports, following five consecutive record harvests. India traditionally exports only a modest amount of wheat, retaining most of its crop for domestic consumption. On May 12, India's Ministry of Commerce & Industry said it was preparing to send delegations to nine countries to export a record 10 million tonnes of wheat this fiscal year — sharply up the previous season. But a barrage of alarming data changed all that. First came a downward revision to India's wheat crop in early May as a sudden heatwave hammered yields. Then data on May 12 showed inflation in the nation … [Read more...] about Food export bans, from India to Argentina, risk fueling inflation
Strategic plan to prevent stunting in children approved
Health Minister Khairy Jamaluddin (The Edge filepix by Suhaimi Yusuf) - A + A PUTRAJAYA (June 27): The Special Committee to Combat Double Burden of Malnutrition Among Children in Malaysia approved the 2022-2030 National Strategic Plan to Address the Problem of Stunting in Children in its first meeting on Monday (June 27). Health Minister Khairy Jamaluddin said the national strategic plan would be presented to the Cabinet and the Finance Ministry, so that the plan to combat malnutrition in children would be raised as a national agenda for the well-being of the Malaysian Family in the 2023 Budget. "Our target is to ensure that the problem of stunting among children can be reduced to at least eight per cent by 2030," he told a press conference after officiating the #AnakMalaysiaSihat Media Programme here on Monday. The committee comprising personnel from the Health Ministry (MOH), Ministry of Education (MOE), Ministry of Women, Family and Community Development … [Read more...] about Strategic plan to prevent stunting in children approved
Food export bans risk fueling inflation
Rajendra Jadhav, Maximilian Heath and Nigel Hunt (Reuters) (The Jakarta Post) PREMIUM Mumbai, India/Buenos Aires/London ● Tue, June 28 2022 It only took 24 hours last month for Prime Minister Narendra Modi's government in India -- the world's second-largest producer of wheat -- to shelve its plans to "feed the world". In April, Modi had said publicly that the world's most populous democracy was ready to fill part of the gap left by Ukraine in global grains markets by increasing its wheat exports, following five consecutive record harvests. India traditionally exports only a modest amount of wheat, retaining most of its crop for domestic consumption. On May 12, India's Ministry of Commerce and Industry said it was preparing to send delegations to nine countries to export a record 10 million tons of wheat this fiscal year -- sharply up the previous season. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and … [Read more...] about Food export bans risk fueling inflation
Helpline for elderly receives over 79,000 calls seeking pension, COVID support
Source: Reuters Over 79,000 calls, including those related to pension, Covid support and abuse, have been received by the national helpline for the elderly since October last year, according to official data. However, out of the total 5,07,493 calls received by the helpline since October 1 last year, 4,28,442 have been 'non serviceable calls', constituting 84 per cent of the total calls received on the helpline. The non-serviceable calls include call drops, nuisance calls, calls for services for non-elderly, calls with out of scope requests and calls outside office hours. As many as 79,051 serviceable calls have been received by the helpline over the period on issues related to pension (22,430 calls), Covid support (6,406), abuse (4,748), old age homes (2040), emotional support (1,856) and maintenance (1,326), according to official data. More calls on the toll-free number 14567 have been received from men (44,348) than women (18,363). The helpline was launched to address … [Read more...] about Helpline for elderly receives over 79,000 calls seeking pension, COVID support
US resuscitates bid at G7 to counter China’s Belt and Road
- A + A (June 27): President Joe Biden rebooted his effort to counter China’s flagship trade-and-infrastructure initiative after an earlier campaign faltered, enlisting the support of Group of Seven (G7) leaders at their summit in Germany. The Build Back Better World initiative, named after Biden’s domestic spending and climate agenda, struggled to get off the ground because not enough G7 partners contributed financially when it was unveiled a year ago, according to people familiar with its lack of progress. European officials cited the Biden administration’s inability to get its own ambitious economic legislation through Congress. “When democracies demonstrate what we can do — all that we have to offer — I have no doubt that we’ll win that competition every time,” Biden said during an event on the sidelines of the summit. The measure has been rebranded the “Partnership for Global Infrastructure and Investment” (PGII) and the US is calling on leaders to agree to … [Read more...] about US resuscitates bid at G7 to counter China’s Belt and Road
Price cap on Russian oil could shake up the market
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn't worked . Russia's government is making just as much money from energy exports as it was before the invasion. Meanwhile, inflation is surging globally, adding to political pressure on heads of state such as US President Joe Biden, British Prime Minister Boris Johnson and French President Emmanuel Macron. That's forcing leaders from top economies who have gathered in Germany for a G7 meeting to consider a new route: slapping price caps on Russian crude . "The goal here is to starve Russia, … [Read more...] about Price cap on Russian oil could shake up the market
Tiger Global leads $25 million Series A round in Battery Smart
Battery Smart, a battery-swapping network for electric vehicles (EVs), has raised $25 million as a part of its Series A funding led by Tiger Global Management, the company said on June 27. Existing investors Blume Ventures and Orios Ventures also participated in the funding round. Battery Smart will use the funds to expand to new territories, strengthen its battery-assignment technology and build team to continue scaling operations, the New Delhi-based startup said in a statement. "With this investment, we are focused on bringing our offerings to even more EV users pan-India, by increasing the number of swap stations and continuing to partner with OEMs (original equipment makers) and fleet operators. We are also looking to strengthen our technology for effective network planning and make key hires in our growing team," Battery Smart co-founder Pulkit Khurana said. Battery Smart operates a "battery-as-a-service model" that enables interoperable battery swapping for EVs. It … [Read more...] about Tiger Global leads $25 million Series A round in Battery Smart