Indian food services sector is expected to grow at a CAGR (compounded annual growth rate) of 8.1 per cent between 2024 and 2028 on the back of rapid urbanisation, robust GDP growth, a rising younger population, and greater exposure among consumers, said a new report. The India Food Services Report-2024, brought out by the National Restaurants Association of India (NRAI), states that the sector contributes 1.9 per cent to India's GDP and is projected to grow to Rs 7.76 trillion by 2028 from Rs 5.69 trillion currently.
Zoya Akhtar's popular film Zindagi Na Milegi Dobara turned 13 on July 15, and that sent its cast -- Katrina Kaif, Hrithik Roshan, Farhan Akhtar and Abhay Deol -- down memory lane.
Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in the April-June quarter of 2024-25 (FY25). Current and savings account (CASA) deposits continue to face pressure. Private-sector lenders YES Bank, Bandhan Bank, and RBL Bank saw their deposit growth contract by 0.5 per cent, 1.5 per cent, and 2 per cent, respectively.
Everyone is talking about the tight slap that Armaan Malik gave Vishal Pandey on Bigg Boss OTT 3.
The country's largest private lender HDFC Bank on Saturday reported a 6.51 per cent decline in its consolidated net profit to Rs 16,474.85 crore in the April-June quarter compared to the previous January-March quarter. The city-headquartered lender, which merged its mortgage major parent HDFC into itself in July last year, had reported a net profit of Rs 17,622.38 crore in the March quarter. On a standalone basis, the net profit declined to Rs 16,174.75 crore in April-June 2024-25 from Rs 16,511.85 crore in January-March 2023-24.
The April-June quarter (Q1) of the current financial year (FY25) may be soft for banks with loan growth moderation, net interest margin (NIM) pressures, and higher staff and credit costs inching up, according to analysts. Credit growth could ease due to the lagged impact of the Reserve Bank of India (RBI) tightening and deposit growth has weakened, and the current account and savings account (CASA) ratio has declined 10-370 basis points (bps) quarter-on-quarter (Q-o-Q) for many banks.
James Anderson has taken 700 Test wickets, behind only Sri Lankan spinner Muttiah Muralitharan (800) and Australia's Shane Warne (708) on the all-time list
'We spoke about taking time and enjoying our batting but it didn't pan out that way.'
Despite steady loan growth, the banking sector is expected to report subdued margins in the quarter ending June 2024 (Q1FY25), driven by high demand for deposits amidst tight liquidity conditions. However, according to Bloomberg analysts, listed banks are forecasted to see a 14.5 per cent year-on-year (Y-o-Y) increase in net profit. Estimates showed that banks' net interest income (NII), and revenues from interest minus interest expenses might grow 11.9 per cent Y-o-Y.
Government officials believe that central bridge projects perform better than state projects due to stricter checks and balances.
Investors should view the increase in the LTCG tax rate in conjunction with the increase in capital gains exemption from Rs 1 lakh to Rs 1.25 lakh, which will provide some relief.
Chennai Super Kings batter Sameer Rizvi credited Mahendra Singh Dhoni for his small but quick and impactful knock in his first IPL match, saying the talismanic former India skipper advised him to play his natural game when he went out to bat against Gujarat Giants.
'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
The meeting took place in Lahore where Young is on a private visit.
'We found certain banks having lakhs of such accounts with apparently no valid reason.'
'It was not a love affair, it was much more.'
This is the kind of film to watch with friends and maybe a six-pack. It has some risqu bits but nothing so vulgar that the pause button would need to be hit if Mummyji walks into the room, notes Deepa Gahlot.
There has been no change in Tata Steel's strategy on operations in the United Kingdom (UK), company chairman N Chandrasekaran has told shareholders. The statement comes amid growing concern about the restructuring plan in the face of change in government in the UK. Tata Steel's plan for the UK entailed a 1.25 billion investment plan agreed upon by the Conservative party-led government in September last year.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
Looking under the hood, I see India on the terrible, but commonplace, road to prosperity failure, warns Rathin Roy.
Bhavish Aggarwal, founder and chief executive officer of Ola, is encouraging developers to switch from Google Maps to Ola Maps. Ola is offering developers a year of free access to Ola Maps on the company's Krutrim Cloud and over Rs 100 crore in free credits. This initiative comes after Ola replaced Google Maps with its own Ola Maps, leading to annual savings of around Rs 100 crore.
'If I was running for a drop shot, I was limping there more than running.'
MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.
Spain's path to European Championship success was forged the hard way thanks to a remarkable collective effort, with several squad players coming off the bench at key moments to make decisive contributions when the team needed them the most.
'It was the early days of my 5th standard school vacation, and my mother asked me, 'Robotics classes or swimming classes for the weekends?' I chose robotics classes because technology fascinated me.'
With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. In the report 'How Urban India Pays', Kearney-Amazon Pay said strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours, fuelling offline adoption as well.
Mentor Yuvraj Singh was very happy when I got out for duck, he must be proud now: Abhishek Sharma
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
If there's one thing the full-of-beans star knows, it's how to stay happy, observes Dinesh Raheja.
'We are sure FY25 is going to be better...But to call out that all problems are behind us is a bit early.' 'The underlying business sentiment has not changed significantly.'
The Reserve Bank of India (RBI) on Monday said 97.87 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,581 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 7,581 crore at the close of business on June 28, 2024.
The burly Guyanese all-rounder turned on the beast mode to hammer four sixes and two fours in the final over off South African pacer Anrich Nortje to collect 32 runs
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
Hours after India's triumph in the T20 World Cup at the Kensington Oval in Bridgetown, Barbados and other islands in the West Indies prepared for the onslaught of the expected fury of Hurricane Beryl.
From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.
One stellar IPL season of 19 wickets in Kolkata Knight Riders' triumphant campaign brought pacer Harshit Rana into the national reckoning.
A group of 91 retired bureaucrats has appealed to the Centre to withdraw the Green Credits programme, which they claimed may facilitate diversion of forest land to private entities. "Quick, smooth and easy diversion of our forest lands in favour of user agencies is apparently the sole intention of this set of Green Credits rules. "We urge the MOEFCC to recognise this danger and withdraw the Green Credits notification expeditiously," the group of former civil servants wrote in an open letter to the Ministry of Environment, Forest and Climate Change (MoEFCC).
The Proteas were in the hunt but in the end, fell just short in a chase of 176.
India surpassed that mark when Richa Ghosh hammered a four in the first ball of the 109th over bowled by Annerie Dercksen.
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