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Analysts believe the continued aggression of banks and fintechs would make gold loan NBFCs pivot their business models to lower spreads and margin

gold

Gold prices have regained footing following some significant losses and a comparable softer US Dollar

Manappuram Finance

Asset quality worsened during the quarter as gross non-performing asset (NPA) and net NPA ratio increased by 160 basis points (bps) and 170 bps quarter on quarter (QoQ) to 3 per cent and 2.7 per cent.

gold loans

The management of Muthoot Finance is optimistic about growing the company's gold loan book further and maintains 15 per cent growth guidance for FY22.

gold, jewellery

While stocks of Muthoot Finance and Manappuram Finance fell, impact of new lending norms is limited

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Adani, Adani Group

Stocks held by Canada Pension Plan Investment Board (CPPIB), which is among the biggest FPIs investing in the domestic market, have come under pressure since developments on the India-Canada tensions

India-Canada tensions: Multi-billion economic deals at risk if rift widens

India-Canada

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

Dharavi Redevelopment Project

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source

Tesla, elon Musk

BTSC has declared 1279 ITI Trade Instructor openings for the year 2023 on btsc.bih.nic.in. The deadline of the application for the interested applicants is October 18

Bihar BTSC ITI Instructor Recruitment 2023

Since 1996 nearly every government has attempted to pass the Bill in Parliament but has failed to find consensus

women leaders

Brazil is back. That has been Luiz Inacio Lula da Silva's refrain for the better part of the last year, with the president deploying the snappy slogan to cast Brazil  and himself  as a leader of the Global South no longer content to abide the world's outdated workings.
Last year, Lula thwarted the reelection bid of the far-right Jair Bolsonaro, who showed little interest in geopolitics or diplomacy during his four years in office. Lula, by contrast, has crisscrossed the globe and visited 21 countries in recent months, from the United States to China, Italy to India, Argentina to Angola.
He has sought to boost Brazil's cred with each state visit and speech, one multilateral forum after another.
On Tuesday, his address at the UN General Assembly will mark his return to that rostrum for the first time since 2009, the last year of his previous presidency's second term.
We will see references to the Brazil is back' narrative, as Brazil seeks to more broadly project itself as a country t

Luiz Inácio Lula da Silva

The West Bengal transport department will soon come out with detailed guidelines for better regulation and safe operation of non-transport two-wheelers for commercial purposes in the state, an official said on Tuesday.
He said a meeting chaired by West Bengal Transport Secretary Saumitra Mohan with different aggregators such as Ola, Uber, Rapido, InDrive and online delivery agencies such as Amazon, Flipkart, Blinkit, Zomato and Swiggy discussed the unregulated operation of non-transport two-wheelers for commercial purposes.
In the meeting held recently, it was decided that all stakeholder aggregators, corporate houses, and agencies using non-transport two-wheelers unauthorisedly for commercial purposes must be brought under an oversight mechanism in accordance with relevant Motor Vehicle Acts and rules.
The operators requested the transport department's intervention in obtaining NOCs from financial institutions financing a number of these two-wheelers to ease the process of conversi

2-wheeler, two wheelers, bikes, motorcycles, motorbike, bajaj, automobile

This comes as the Cabinet on Monday approved the Women's Reservation Bill, sources said

Parliament, New parliament building

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

Filmmakers will have to invest in understanding the changing tastes of moviegoers, in multiplexes and single screens, in order to improve their chances of success

Cinema hall, Kashmir, South Kashmir

Prime Minister Narendra Modi was accorded a warm welcome at the BJP headquarters here on Friday by the party's women wing, a day after Parliament passed the women's reservation bill.
A large number of women, including beneficiaries of several government schemes, were present at the party office to greet him.
Modi bowed to a group of beneficiaries, who garlanded and blessed him.
BJP president J P Nadda and women Union ministers, including Nirmala Sitharaman and Smriti Irani, and other party leaders were present on the occasion.
Nadda described the bill's passage as historic and credited Modi's foresight and resolve for the feat.
The prime minister has taken numerous steps to empower women.

PM Modi

Delhi has joined the "Race to Resilience", a UN-backed campaign to catalyse a step-change in the global ambition for climate resilience, with pledges including achieving a 25 per cent green cover within the next five years.
Delhi's participation in the "Race to Resilience", announced during an event at the Climate Week NYC on Wednesday, comes with a set of commitments aimed at enhancing climate resilience while fostering sustainable development.
These include investments in circular economy to re-purpose and reduce waste and in decentralised renewable energy sources to enhance access to clean and sustainable energy.
As part of the campaign, the Delhi government has also committed to increasing the green space and tree planting, aiming to achieve a 25 per cent green cover in the next five years.
According to the India State of Forest Report, Delhi's green cover currently stands at 23.06 per cent.
The government said initiatives, such as the Delhi City of Lakes project, will rejuven

Mumbai's famous Lalbaugcha Raja Mandal received donations of over Rs one crore in two days of the Ganesh Chaturthi festival. Lalbaugcha Raja Mandal received donations worth over sixty lakh on the second day of the festival. According to the Mandal, it received over 60,62,000 on the second day taking the total to over 1,02,62,000 in two days of the festival.Lord Ganpati idol has also received an offering of 183.480 grams of gold and 622 grams of silver as a donation. Compared to the first day, the second day received more donations in cash.Earlier on Wednesday, Sudhir Salvi, the Secretary of Mumbai's Lalbaugcha Raja Sarvajanik Ganeshotsav Mandal lauded industrialist Mukesh Ambani's youngest son Anant Ambani for his support towards the Lalbaug committee's activities."Today the dialysis centre of Lalbaugcha Raja is getting started, it has 24 machines which were given by Anant Ambani and along with that we have a blood donation camp as well to help every patient. There is a lot of support

Ganesh Chaturthi will be celebrated on August 31, 2022. Source: Pexels

Ganesh Chaturthi, India, Maharashtra

The Manipur government has served a show cause notice to a private telecom company over the availability "of internet data services in mobile phones in some areas of Churachandpur and adjoining Bishnupur district on September 20" while the suspension of mobile data service is still in force, an official said.
Commissioner (Home) T Ranjit Singh, in a letter to Ashish Bansal, Chief Technical Officer, Airtel, Imphal on Thursday remarked it is "a serious lapse on the part of service provider and this lapse might have led to the dissemination of inflammatory and provocative clips and messages in various social media platforms leading to communal tension, hatred and rumours," the official said.
The letter said, "Considering the very sensitive and volatile law and order situation currently prevailing in the state, the aforesaid lapses have been viewed very seriously by the state government, and this amounts to violation of the government orders."
The state government has asked Airtel to gi

phone, internet, internet ban

It further appreciated the efforts of the co-facilitators Namibia and Germany for the Summit of the Future, as it unfolds

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gold loan stocks

Record gold price may not bring back sheen in Muthoot, Manappuram: Analysts

Gold prices gain on bargain hunting after sharp losses, softer dollar

Manappuram Finance plunges 12%, hits 2-year low on weak Q4 results

Muthoot Finance at new high on strong Q2 show; Manappuram also shines

Correction in gold loan stocks overdone