PROVISION
Delhi water crisis: Atishi requests Centre to ensure provision for release of spare water from UP, Haryana to Delhi
Delhi Water Minister Atishi has requested the Centre to ensure a provision for the release of spare water from either Uttar Pradesh or Haryana to address the national capital's "unprecedented water crisis".In a letter to Union Jal Shak...
ICICI Bank Q2 Results Preview: PAT may rise 28% YoY on lower provisions; key factors to watch out for
ICICI Bank is expected to report strong double-digit growth in net profit for the quarter ended September, on the back of steady growth in loan books and lower provisions. However, margins are likely to have contracted due to pricing competition in ...
US Supreme Court restores Donald Trump to ballot, rejects Capitol accountability
The U.S. Supreme Court delivered a significant win to Donald Trump on Monday, overturning a ruling that had excluded him from Colorado's ballot under a constitutional provision related to the Jan. 6, 2021, Capitol attack.US Supreme Court restores Donald Trump to ballot,...
Stricter provisions for animal cruelty needed in BNS: Poonam Mahajan, Hema Malini to Amit Shah
BJP MPs Poonam Mahajan and Hema Malini strongly raised the issue of cruelty to animals in Lok Sabha on Dec 20, 2023. Here's what they said.Stricter provisions for animal cruelty needed in BNS: Poonam Mahajan, Hema Malini to Amit Shah
IndusInd Bank Q4 Results: PAT zooms 50% YoY to Rs 2,040 cr, NII up 17%; asset quality remains stable
IndusInd Bank's standalone net profit rose 50% to Rs 2,040 crore for the fourth quarter ended March. It was Rs 1,361 crore in the same period last year. The profit beat the estimate of ET Now Poll, which expected the figure to be around Rs 2,000 cror...
President Droupadi Murmu gives assent to Delhi Services Bill passed during monsoon session
The Digital Personal Data Protection Bill, The Registration of Births and Deaths (Amendment) Bill, The Jan Vishwas (Amendment of Provisions) Bill, and Government of National Capital Territory of Delhi (Amendment) Bill have now been signed into law.President Dr...
'Threat to economic security of India is terrorism': Key provisions of new criminal law bills
Union Home Minister Amit Shah introduced three amended criminal law bills in Lok Sabha on December 12, 2023, which will replace the Indian Penal Code, Code of Criminal Procedure, and Indian Evidence Act. The definition of terrorism has been updated to inclu
Kotak Mahindra Bank Q3 Results: Profit rises 31% YoY to Rs 2,792 cr, beats estimates; NII up 30%
Private sector lender Kotak Mahindra Bank today reported 31% on-year jump in its standalone profit after tax (PAT) at Rs 2,792 crore in the December quarter. The net interest income (NII) rose 30% YoY to Rs 5,653 crore. In an exchange filing, the bank an
ICICI Bank Q3 Results: Profit zooms 34% to Rs 8,312 cr, beats estimates; NII up 35%
India's second largest private sector lender ICICI Bank today reported 34.2% year-on-year (YoY) increase in its standalone profit after tax to Rs 8,312 crore in the December quarter. The bank's net interest income (NII) increased by 34.6% YoY to Rs 16,465 crore in Q3
Bharatiya Nagarik & Sakshya Bill replacing CrPC & Evidence Act passed in Lok Sabha: Key provisions
Parliament Winter Session 2023 Live Updates, Day 17: The Bharatiya Nyaya (Second) Sanhita, 2023 bill, Bharatiya Nagarik Suraksha (Second) Sanhita, 2023 and Bharatiya Sakshya (Second) Bill (BSB) 2023 have been passed in the Lok Sabha. Bharatiya Nagarik
Sedition law to be repealed, but provisions of punishment for endangering unity of India: Amit Shah
Union Home Minister Amit Shah on Friday said in Lok Sabha that the new bill on the Indian Penal Code (IPC) will completely repeal the offence of sedition. Shah introduced three bills in the Lok Sabha to replace the IPC, Code of Criminal Procedure (CrP
Digital Personal Data Protection Bill passed in Lok Sabha: Key provisions
Lok Sabha passed the Digital Personal Data Protection (DPDP) Bill, 2023, on Monday, August 7. The Bill allows for the handling of digital personal data in a way that respects individuals' right to protect their data while fulfilling lawful purposes. Here are the key provisions
Crypto under money laundering provisions: What lies ahead for cryptocurrency startups
The government, on Wednesday brought crypto businesses under the Prevention of Money Laundering Act (PMLA). With this, crypto startups will have to report their financial statements to the government and will also come under the radar of investigating agencies. Wha
ICICI Bank Q1: Net profit rises 78% to Rs 4,616 cr as provisions fall
NEW DELHI: Private lender ICICI Bank on Saturday reported a 78 per cent year-on-year (YoY) rise in standalone net profit at Rs 4,616 crore for June quarter compared with Rs 2,599 crore in the same quarter last yearICICI Bank Q1: Net profit rises 78% to Rs 4,616 cr as provisions fa
SBI net profit soars 80% YoY to Rs 6,451 cr; provisions drop
MUMBAI: State Bank of India the country's largest lender by assets, on Friday reported an 80 per cent year-on-year rise in net profit to Rs 6,450.75 crore for the quarter ended March, slightly above analysts’ estimatesSBI net profit soars 80% YoY to Rs 6,451 cr; provisions drop
Centre approves National Quantum Mission with a budget provision of Rs 6,003 crores, says Anurag Thakur
While addressing the press briefing on April 19, Union Minister Anurag Thakur informed that the cabinet approved the National Quantum Mission with a budget provision of Rs 6,003 Crores. He shared that the time period of the Mission is from 2023-24
Vivo India in fresh trouble, DRI detects customs duty evasion of Rs 2,217 cr; show cause notice issued
The Directorate of Revenue Intelligence (DRI) has detected customs duty evasion of around Rs 2,217 crore by smartphone maker Vivo India, a subsidiary of China-based Vivo Communication Technology, a Finance Ministry statement issued Wednesday said.
SBI Q4 Results: Profit rises 41% YoY but misses estimates; NII jumps 15%, provisions decrease
State Bank of India on Friday reported a 41.27 per cent jump in standalone net profit for the quarter ending March at Rs 9,113.53 crore, up from Rs 6,450.75 crore in the same quarter a year ago. This is significantly lower that Rs 10,000 crore that an ET No
Decided to re-examine, reconsider sedition law: Centre to SC
The Central government on Monday informed the Supreme Court that it has decided to re-examine and reconsider the provisions of Section 124A which criminalises the offence of sedition and requested it not to take up the case till the matter is examined by the government.Decided to re-examin
IndusInd Bank Q1 result: Net profit dips 64% to Rs 510 cr
Private sector IndusInd Bank reported a 64.37 per cent year-on-year (YoY) fall in consolidated net profit at Rs 510.34 crore for the quarter ended June. The lender had posted a net profit of Rs 1,432.50 crore in the corresponding quarter last year. Analysts in an ET Now poll had estimated the
YES Bank Q1 net profit plunges 60% YoY to Rs 45 crore; total provisions at Rs 1,087 crore
YES Bank on Tuesday reported a 60.05 per cent year-on-year (YoY) fall in net profit at Rs 45.44 crore for the quarter ended June 30. The lender had posted a net profit of Rs 113.76 crore in the corresponding quarter last year. The total provisions for Q1FY21 st
AAP trust vote: Punjab Governor cancels special assembly session cites legal provision
Punjab governor Banwarilal Purohit on Wednesday withdrew his order summoning a special assembly session on September 22 for the AAP government to move a confidence motion.AAP trust vote: Punjab Governor cancels special assembly session cites legal provision
PM Modi suggests seven pointers from budget provisions to make Indian agriculture 'modern and smart'
Emphasising that the agriculture budget allocation this year is much more than previous years, Prime Minister Narendra Modi on Thursday said it is aimed at the complete modernisation of the sector and suggested seven pointers from the budget provisio
SBI Q4 earnings: Net profit jumps four-fold to Rs 3,581 crore
Government-owned State Bank of India (SBI) on Friday reported a four-fold jump in its net profit at Rs 3,581 crore during the quarter ended March. This was supported by a one-time gain of Rs 2,731 crore from the stake sale in SBI Cards and Payment Services done during Q4 FY20. The country
Kotak Mahindra Bank Q4 earnings: Profit falls 10% YoY to Rs 1,267 cr
Kotak Mahindra Bank on Wednesday reported a 10 per cent year-on-year (YoY) fall in standalone net profit at Rs 1,267 crore for the March quarter against Rs 1,408 crore posted in the same quarter last year. The figure, however, beat ET NOW poll estimate of Rs 1,200 crore profit for
SC upholds stringent provisions of the Prevention of Money Laundering Act, says not a political issue
The Supreme Court on Wednesday upheld ED’s power to arrest, attach and search and seizure under the Prevention of Money Laundering Act (PMLA). According to the proceedings, ED is not required to share the case report anymore.SC upholds stringent pro
SBI Q2 results: Net profit beats estimates, surges 67% YoY to Rs 7,627 cr
State Bank of India on Wednesday reported a 66.7 per cent year-on-year (YoY) rise in net profit to Rs 7,626.6 crore for the quarter ended September 2021, which was higher than analysts’ estimate of Rs 7,450 crore. The lender’s bottomline performance was strong for the said qua
HDFC Q3 profit jumps 4 times; provisions spike
Mortgage lender HDFC Ltd on Monday reported a 24.3 per cent rise in consolidated net profit to Rs 4,196.48 crore for the third quarter ended December. It had posted a net profit (before adjustment for minority interest) of Rs 3,377.05 crore during the corresponding October-December period of 2018-19. To
Chhattisgarh High Court: Sexual intercourse between man and wife is not rape even if by force
In a shocking decision, the Chhattisgarh High Court on Thursday dismissed a case by a wife against her husband reporting rape. During the plea hearing, the High Court said that even forced sexual act with wife does not account for rape. Under the rape law,
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