Investors poured in a record Rs 15,813 crore in August through systematic investments plans (SIPs) route offered by mutual fund players, an industry body said on Monday.
The firm also expects the growth of Akasa Air and the potential revival of SpiceJet to add to the competitive dynamics in the domestic market.
The volume of card transactions also rose to 3,200 lakh in October from 2,970 lakh in September but declined to 2,739 lakh in November. The number of credit cards also jumped to 960 lakh as of November 2023 as against 806 lakh a year ago, according to RBI data.
HDFC Bank Q1 results: This is the first earnings announcement by HDFC Bank after its merger with parent Housing Development Finance Corporation.
IDFC FIRST Bank’s Economist Gaura Sengupta said the deflator, with a higher weight of WPI, was favourable for manufacturing than the services sector, which has a higher weight of Consumer Price Index (CPI) inflation.
The rupee gained as the American currency weakened after US Inflation eased to its lowest level since September 2021
Under this, during times of excess energy, water will be pumped from lower reservoir to higher reservoir, and during peak demand, the stored water will power turbines, thereby generating electricity.
Shobha Gangwal is the wife of Rakesh Gangwal, the co-founder of the company, which is the parent of the country’s largest airline IndiGo.
Such an entity will help the country reduce its vulnerabilities to any international sanctions and pressures, she said while speaking at the Global Maritime India Summit 2023.
Penalty has been imposed on state-owned insurer for violation of sections 271(1)(c) and 270A of the Income Tax Act, 1961, it said.