HDFC Bank Q4 profit rises 9.1% to Rs 19.2k crore

NEW DELHI: HDFC Bank, the country’s largest private lender, has recorded a net profit of Rs 19,221 crore during the fourth quarter of last financial year, up 9.1% from Rs 17,616 crore a year ago, while full-year net profit rose to Rs 74,671 crore from Rs 67,347 crore, an increase of 10.9%. The board recommended…

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ACs, TVs, smartphones to get more expensive? Here’s why consumer electronics may cost more again this month

Prices of consumer electronics such as air conditioners, refrigerators, washing machines, televisions and smartphones are set to rise again by the end of April, marking the third round of increases in four months amid sustained cost pressures on key inputs.Industry executives, cited by ET, said elevated prices of crude-linked derivatives like plastics, along with a…

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Cabinet clears Rs 24,815 crore rail projects; UP, Andhra Pradesh to get 601 km network expansion

The Cabinet Committee on Economic Affairs has approved two multi-tracking railway projects worth Rs 24,815 crore covering Uttar Pradesh and Andhra Pradesh, aimed at easing congestion and boosting freight and passenger movement, a government release said.The two projects–Ghaziabad-Sitapur 3rd and 4th line, and Rajahmundry (Nidadavolu)-Visakhapatnam (Duvvada) 3rd and 4th line–are targeted for completion by 2030-31….

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India remains among best-performing major economies: S&P Global

New Delhi: S&P Global has reaffirmed confidence in India’s growth outlook, saying the country continues to be one of the best-performing major economies globally despite ongoing geopolitical uncertainties.Saugata Saha, president of S&P Global Market Intelligence, said India remains a critical hub for the company, supported by a strong talent base, prompting further expansion of its…

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NaBFID signs pact with PDCOR to expand advisory support for state projects

The National Bank for Financing Infrastructure and Development (NaBFID) has signed a Memorandum of Agreement with Projects Development Company of Rajasthan Limited (PDCOR) to strengthen advisory services for state and city-level infrastructure projects.The agreement will also allow both institutions to jointly explore financing and transaction advisory opportunities, including transaction structuring, commercial and technical due diligence,…

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Govt says El Nino risk to farm output manageable, cites irrigation, reservoirs, seed buffers

The government on Saturday said the threat posed by a possible El Nino this year is unlikely to cause major damage to agriculture, pointing to stronger irrigation systems, higher reservoir storage and better preparedness than in past drought-linked years.The assurance came after Agriculture Minister Shivraj Singh Chouhan chaired a review meeting ahead of the Kharif…

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