NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
About 65.5 per cent of second dose eligible beneficiaries aged 18 years and above have received the second dose of Covid vaccine as per CoWIN portal, the health ministry said on Wednesday. Responding to a question of Rajya Sabha MP M V Shreyams Kumar, Minister of State for Health Bharati Pawar said as on July […]
The Indian beer industry has yet again been negatively impacted with the onset of the second wave of COVID-19 and the outlook is volatile, according to leading player United Breweries. After the second wave of the pandemic, several state governments and local authorities had imposed lockdowns to contain the spread of COVID-19 and restrictions started
Second COVID wave hits Indian beer industry outlook is volatile: UBL Read More »
More than 70% of people in eight of India’s large states are estimated to have COVID-19 antibodies, a government survey showed on Wednesday, suggesting that a second surge in infections affected many more people than the reported figures. The survey, which tested a sample of the population for the presence of COVID-19 antibodies, was conducted
Majority in India’s big states with COVID-19 antibodies: Survey Read More »
JSW Cement, part of the USD 13 billion JSW Group, on Wednesday announced a deal to raise Rs 1,500 crore from two global private equity investors – Apollo Global Management Inc and Synergy Metals Investments Holding. The company will issue convertible preference shares (CCPS) to the two global equity investors to raise the amount, which
JSW Cement to raise Rs 1500 cr from Apollo Global Management Synergy Metals Read More »
KNOWLEDGE BANK FROM B KANAGA SABAPATHY SIR LET KNOWLEDGE SPREAD Spend your lockdown period usefully. Message from B. Kanaga Sabapathy Sir – 27/07/2021 HOW TO START PRACTICING VALUATION Dear fellow valuers, 1. I enclose herewith an article “How to start practicing valuation?”. Please indicate if there are any errors. 2. This article will be a
LET KNOWLEDGE SPREAD COMMON VALUATION FORMATS COST INFLATION INDEX FOR DIFFERENT YEARS FOR CAPITAL GAIN PURPOSES Dear fellow valuers, This is an initiative of CEV INDIA GROUP to provide the various Valuation Formats of all the Banks available in our country. If you have any such format please send it to DESKCEVNEWS@GMAIL.COM. We will publish
COST INFLATION INDEX FOR DIFFERENT YEARS FOR CAPITAL GAIN PURPOSES Read More »
LET KNOWLEDGE SPREAD COMMON VALUATION FORMATS COMMON VALUATION FORMAT FOR CAPITAL GAIN PURPOSES Dear fellow valuers, This is an initiative of CEV INDIA GROUP to provide the various Valuation Formats of all the Banks available in our country. If you have any such format please send it to DESKCEVNEWS@GMAIL.COM. We will publish it with your
COMMON VALUATION FORMAT FOR CAPITAL GAIN PURPOSES Read More »
Provisions and contingencies stood higher at Rs 641.83 crore, against Rs 394.62 crore in the year-ago period. The provision coverage ratio (including technical write-offs) was strengthened substantially and stood at 78.66%. Federal Bank on Friday reported an 8.3 % year-on-year (y-o-y) decline in its net profit to Rs 367.29 crore for the first quarter of
Federal Bank Q1 net falls 8.3% on higher provisioning Read More »
Provisioning declined 41% year on year (YoY) and 88% sequentially to Rs 644 crore. The net interest income (NII) fell 26% YoY to Rs 1,908 crore, but rose 42% sequentially. Yes Bank on Friday reported a 360% year-on-year jump in its net profit to Rs 207 crore for the June quarter, on the back of lower provisions and higher
Yes Bank June quarter net jumps 360% on lower provisions higher other income Read More »
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
No lumpy slippage gives us confidence: Shyam Srinivasan MD & CEO Federal Bank Read More »
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
Q1 Performance: ICICI Bank net profit surges 78% to Rs 4616 crore Read More »
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
You can enjoy the 2021 virtual Ooty flower show from anywhere in the world Read More »