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No lumpy slippage gives us confidence: Shyam Srinivasan MD & CEO Federal Bank

GENERAL NEWS /

Our provisioning policy continues to be very conservative so that the balance sheet remains strong. Federal Bank reported an 8.3% year-on-year decline in its net profit for the first quarter. Following are excerpts from a post-result virtual press meet by Shyam Srinivasan, MD & CEO. Provisioning is seen higher for the quarter. Are the slippages […]

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Q1 Performance: ICICI Bank net profit surges 78% to Rs 4616 crore

GENERAL NEWS /

The bank claims to have made higher than required provisioning due to change in policy for non-performing advances. Private lender ICICI Bank on Saturday reported a 78% year-on-year (y-o-y) jump in its net profit to Rs 4,616 crore during the June quarter (Q1FY22). The bank was able to report a strong bottomline mainly on account

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You can enjoy the 2021 virtual Ooty flower show from anywhere in the world

GENERAL NEWS /

A drone shot at the Government Botanical Garden in Udhagamandalam captures the sprawling expanse of greenery, where 2,500 flower pots have been arranged to read: “COVID-19 Vaccinate Yourself”. (Subscribe to Science For All, our weekly newsletter, where we aim to take the jargon out of science and put the fun in. Click here.) This visual

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Shivan & Narresh launch art wallpapers that bring a slice of their travel diaries to homes

GENERAL NEWS /

The prints are drawn from five of their collections, namely Seoul, Araki, Edomer, Patu and Wilding 20s Whenever he walks into a room, Narresh Kukreja notices the walls first. “Consciously or unconsciously, your eyes always [go to] the largest surface area, more than the furniture or rugs,” says Kukreja, one half of Delhi-based designer duo

Shivan & Narresh launch art wallpapers that bring a slice of their travel diaries to homes Read More »

Jeffery Vardon’s kusamono kokedama and terrariums can make any room greener

GENERAL NEWS /

The Chennai-based dancer was introduced into these last year, during the lockdown “If you like Nature and art, you will love kusamono. It brings the greenery of a garden into your home,” promises Jeffery Vardon, dancer and choreographer from Chennai. He came to know of this ancient Japanese method last year during the lockdown. “The

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Nykaa Fashion adds home décor to its portfolio

GENERAL NEWS /

Nykaa Fashion Home launches with a selection of interior must-haves and statement accessories, besides videos guides and tailored content There is a lot happening at Nykaa Fashion. Complementing the parent company’s unicorn status (which it hit last year, with a fresh ₹100 crore funding from Steadview Capital), the multi-brand, e-commerce platform is growing fast. It

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Shutterbugs from Kerala focus on flora, fauna and the familiar in their neighbourhood

GENERAL NEWS /

Actor Mammootty, a keen photographer, recently shared a photograph of him clicking the birds around his home on Instagram. It is not just him; many keen photographers have been focussing on feathered visitors to their homes during the lockdown. For them it has been a discovery of the world in birds, flowers, raindrops, leaves, insects

Shutterbugs from Kerala focus on flora, fauna and the familiar in their neighbourhood Read More »

In Kerala’s Palakka, farmers launch ‘Support A Farmer’ an initiative to recoup business

GENERAL NEWS /

The venture sells farm produce at a fair price, in addition to offering consultancy services for those interested in farming The pandemic has highlighted farming like never before. Support A Farmer, an initiative by a group of farmers and agriculture enthusiasts in Palakkad, Kerala, is a case in point. The collective sells farm produce and

In Kerala’s Palakka, farmers launch ‘Support A Farmer’ an initiative to recoup business Read More »

CREDAI alleges cartelisation by cement industry; may move CCI

GENERAL NEWS /

Realtors’ body Confederation of Real Estate Developers’ Associations of India (CREDAI) has said that cement prices have gone up by Rs 60-70 per bag of 50 kg in the last week and it is looking at approaching the Competition Commission of India (CCI) alleging cartelisation by cement producers. “CREDAI will consider going to CCI seeking

CREDAI alleges cartelisation by cement industry; may move CCI Read More »

Delhi government initiates process of revising circle rates, Real Estate News

GENERAL NEWS /

NEW DELHI: The Delhi government has started the process for revising the circle rates of properties, seeking feedback from public, officials said on Monday. A committee of senior officials of the Revenue department is evaluating the circle rates of different kinds of landed properties and is likely to submit its report to the government within

Delhi government initiates process of revising circle rates, Real Estate News Read More »

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