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Kia in 4W Mass, BMW & Mercedes in 4W Luxury, HMSI in 2-Wheeler, Bajaj in 3-Wheeler and VECV-Eicher in Commercial Vehicles hold Pole positions New Delhi, Thursday, July 2021: Federation of Automobile Dealers Associations (FADA), the apex national body of Automobile Retail in India today announced the outcome of Dealer Satisfaction Study 2021 results which was undertaken in association with PremonAsia, a consumer-insight led consulting & advisory firm based out of Singapore. Commenting on the…

Key Highlights in Q1FY22 Strong Financial Performance: Operating Profit and Net Profit of the Bank improved by 31.45% and 254.93% respectively on YoY basis during Q1FY22. Net interest income of Bank grew by 9.53% on YoY basis during Q1FY22. Bank continues to demonstrate a strong liability franchiseThe CASA deposits have increased by 11.23% YoY. We now have a total deposits base at Rs.9,08,528 Crores as at the end of Q1FY22. CASA ratio improved to 36.39%…

Almonds considered nutritious, healthy, protein dense and vitamin loaded, which makes them a preferred healthy snack. INDIA, 30 July 2021: As the world around us changes rapidly and access to information grows exponentially, there has been a shift in the way consumers across India are viewing their lifestyle and food choices. This shift in perception is especially evident amongst younger Indians, between the ages of 18 -35 years, who have become cognizant of their lifestyles,…

Mumbai, July 30, 2021: Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India, today at the Board meeting announced its unaudited results for the first quarter of financial year 2021-22. For the quarter, the company declared Net revenue of Rs. 1301.2 Crores, a growth of 117.6 % over the corresponding quarter of the previous year. EBIDTA was at Rs. 187.1 Crores, a growth of 132.4 % over the same quarter of…

Macro developments Union Cabinet has approved amendments to the General Insurance Business (Nationalisation) Act (GIBNA). It is likely to be tabled in the Parliament in the monsoon session. As per reports, LIC’s IPO may be launched early next year and 10% stake sale will fetch Rs 1-1.5tn to the exchequer. Government is also expected to divest stake (through OFS) in National Fertilizers Ltd., Mishra Dhatu Nigam Ltd. And Rashtriya Chemicals and Fertilizers Ltd., in Q3FY22….

Mumbai, July 30, 2021: Indian multinational and global leader in Solar EPC and O&M solutions, Sterling and Wilson Solar Limited (SWSL / Company) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), has announced its plans to expand its renewable energy offerings to include EPC solutions for Hybrid Energy power plant, Energy Storage and Waste to Energy. Hybrid Energy consists of solutions involving two or more sources of energy with or without energy storage. A large part…

Nagesh Kukunoor’s City of Dreams season 2 releases on 30th July and Actors Ankur Rathee and Sriyam Bhagnani will be seen starring opposite each other. Kukunoor’s political drama series, scheduled to premiere on Disney+ Hotstar, has already received great feedback on its trailer, which captures glimpses of a power struggle between a father and daughter. Ankur Rathee who we last saw in Taish, Undekhi and Thappad will be seen alongside Shriyam Bhagnani who is known…

Shri Yashwant Sinha ( Former union cabinet Minister for finance & External Affairs and vice president All India Trinamool Congress party) will release the Hindi translation book ” Dus Vichardharayen- Gramyavad aur Udyogvad ka Beechme Mahavishsamta” of Late Shri S jaipal Reddy’s (former union cabinet Minister & “Outstanding Parliamentarian” awardee) Online( virtual) at 6 PM on Wednesday July 28 2021. “Dus vichardharayen-Gramyavad aur Udyogvad ka Beechme Mahavishsamta” is hindi translation book of Late Shri S…

Global yields fell with rising Covid cases globally. Flash manufacturing PMI also eased (except US) in major economies such as Japan, UK and Eurozone. Services PMI strengthened in Eurozone. ECB in its recent policy hinted at “persistent accommodation” changing the inflation targeting framework to “symmetric” from close or below 2% target. On the domestic front, India’s 10Y yield rose by 2bps. Indian equity markets fell due to FII outflow. Our weekly tracker moderated to 93…

Mumbai, July 26, 2021: To give an optimal claim settlement experience to its customers, SBI General Insurance, one of India’s leading general insurers, has introduced the Fastlane Claim Settlement as a value-add service to its motor insurance customers. As a part of this value-add service, customers have the option of getting their small value motor insurance claims settled almost instantly. This will enhance the customer experience with the settlement time reducing to a few minutes….