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Time of India
5 days ago
- Business
- Time of India
Federal Bank Q1 Results: Standalone net profit falls 15% YoY to Rs 862 crore; NII up 2%
Federal Bank on Saturday reported a standalone net profit of Rs 861.75 crore, down 14.6% year-over-year compared to a profit of Rs 1,009.53 crore in the corresponding quarter of last year. The bank also posted a 2% increase YoY in net interest income (NII), which rose to Rs 2,336.83 crore in the June quarter from Rs 2,291.98 crore a year ago. Explore courses from Top Institutes in Please select course: Select a Course Category Others Data Science Finance Product Management Leadership Project Management MCA Operations Management Artificial Intelligence Data Analytics Management Digital Marketing Public Policy Design Thinking MBA others healthcare PGDM Healthcare Technology CXO Degree Data Science Cybersecurity Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Glīd Secures $3.1 Million in pre-seed Funding to accelerate Its Autonomous Road-to-Rail Infrastructure Vision - TechBullion TechBullion Undo Despite the drop in bottom line, the lender posted its highest-ever other income of Rs 1,113 crore, which was up 21.6% from the year-ago period. Total income for the quarter rose 7.6% year-on-year to Rs 7,799.61 crore. KVS Manian, Managing Director & CEO of the bank, said the quarter 'reaffirmed the strength of our diversified model.' He noted that 'even in a typically soft Q1, we saw momentum in key segments like commercial banking, credit cards, and gold loans.' 'Our mid-yielding engines are firing well too,' Manian said. 'We delivered a strong operating performance, with improving productivity. Fee income hit a record high, and CASA ratios continued to improve steadily.' Live Events Deposits in Q1 The bank's total deposits grew 8.03% to Rs 2.87 lakh crore, while net advances increased by 9.24% to Rs 2.41 lakh crore. Within this, retail advances rose 15.6% to Rs 81,047 crore, commercial banking loans jumped 30.3% to Rs 25,028 crore, and corporate loans grew 4.5% to Rs 83,680 crore. The bank's CASA (current account and savings account) base expanded 12% YoY to Rs 87,236 crore. Net interest margin for the quarter stood at 2.94%, while annualised earnings per share came in at Rs 14.07. More to come...
Time of India
29-07-2025
- Politics
- Time of India
'There is now a new normal': Jaishankar states five points to battle terrorism during OP Sindoor debate in LS
External Affairs Minister S Jaishankar asserted a transformative shift in India's counter-terrorism strategy, declaring that there is now a "new normal" in combating the threat, during discussions on Operation Sindoor in the Lok Sabha on Monday. Addressing the House, the EAM outlined a five-point doctrine to combat cross-border terrorism, marking a resolute stance following India's recent military action under Operation Sindoor against nine terror camps in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK), in response to the April 22 Pahalgam terror attack that claimed 26 lives. Explore courses from Top Institutes in Please select course: Select a Course Category Data Analytics Management Leadership Data Science Design Thinking healthcare Public Policy Finance Project Management Degree Digital Marketing MBA Data Science MCA Operations Management Artificial Intelligence Healthcare Cybersecurity Product Management CXO Others PGDM others Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details "The challenge of cross-border terrorism continues but Operation Sindoor marks a new phase. There is now a new normal," the EAM said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Glīd Technologies Delivers: The World's First Autonomous Dual-Mobile Road-to-Rail Platform - TechBullion TechBullion Emphasising India's unwavering commitment to national security, Jaishankar at first dismissed the notion of terrorists as mere proxies, signalling a direct approach to holding states accountable. The second and fourth points by the EAM underscore India's readiness to retaliate and resist nuclear threats, while the third and fifth points reject simultaneous peace talks and neighbourly relations with terror-sponsoring entities, famously encapsulating the phrase "blood and water cannot flow together." "The new normal has five points. One, terrorists will not be treated as proxies. Two, Cross-border terrorism will get an appropriate response. Three, Terror and talks are not possible together. There will only be talks on terror. Four, Not yielding to nuclear blackmail. And finally, Terror and good neighbourliness cannot coexist. Blood and water cannot flow together. This is our position," Jaishankar stated. Live Events The EAM during the discussion also noted that Pakistan has crossed "red lines" with the terror attack in Pahalgam and affirmed it was important to send a "clear and strong message" to the neighbour, known for supporting cross-border terrorism. "It was important to send a clear, strong and resolute message after the Pahalgam attack. Our red lines had been crossed, and we had to make it very apparent that there would be serious consequences as a result," Jaishankar said. Highlighting all the interactions and diplomatic briefings during that period, Jaishankar affirmed that "all of this was aimed at these two objectives: zero tolerance of terrorism and the right to defend ourselves, the right to defend the people of India against the cross-border terrorism." He also outlined India's diplomatic efforts and approach in the aftermath of the attack, noting that the focus of Indian diplomacy was the United Nations Security Council. "The focus for our diplomacy was the UN Security Council. The challenge for us was that at this particular point, Pakistan is a member of the Security Council and we (India) are not (at that time)...," he said. Jaishankar highlighted India's key objectives at the UN body. He noted India aimed to secure the Council's endorsement for holding Pakistan accountable for cross-border terrorism and to bring to justice those who perpetrated this attack and expressed hope that the House acknowledges the efforts made in this regard. "Our goals in the Security Council were two: 1, to get an endorsement from the Security Council of the need for accountability, and 2, to bring to justice those who perpetrated this attack," Jaishankar said. He noted the April 25 statement issued by the Security Council and said India's goals were met. "I am glad to say that if you look at the Security Council statement of 25th April, the members of the Security Council condemned in the strongest terms the terrorist attack. They affirmed that terrorism in all its forms and manifestations constitutes one of the most serious threats to international peace and security," he added. Jaishankar further rejected claims of any third-party mediation in the cessation of hostilities between India and Pakistan and also said that at no stage, in any conversation with the US, was there "any linkage with trade and what was going on." He rejected opposition criticism of the government following US President Donald Trump's repeated claims of mediation in ending hostilities between India and Pakistan and said there was no call between Prime Minister Narendra Modi and US President Donald Trump from April 22 to June 17. However, he said that on May 9, US Vice President JD Vance called PM Modi, warning of a massive Pakistattack in the next few hours. "Prime Minister, in his response, made it very clear that if such an attack happens, it would meet with an appropriate response from us. That attack took place and was foiled by our Armed Forces, and I think the House should collectively appreciate the performance of the Armed Forces in foiling what was a massive attack on the 9th and 10th of May. Our response, which the Prime Minister promised, was delivered, and it was delivered with devastating effect. I don't have to say anything. Every member has seen satellite pictures of Pakistani airfields. You can see from the state of those airfields, which is shown by the pictures, what our answer was," the Union Minister said.
Time of India
28-07-2025
- Science
- Time of India
New baby planet twice as big as Neptune emerges from dust around sun-like star, astronomers reveal big discovery; details inside
From meteor showers to solar eclipses, astronomical events always keep us surprised and hooked. Now, in yet another new development, astronomers have found strong evidence that suggests that a baby planet is emerging deep within a swirling disk of gas and dust around the star HD 135344B. According to the online platform Live Science, the newly formed planet, according to astronomers, appears to be sculpting intricate spiral arms around its stellar host. Notably, it is the first time around that a planet has been found embedded inside a dust spiral around a star, actively shaping its environment. According to NASA , the latest discovery further strengthens the proof that the building blocks of planets emerge from protoplanetary disks, giant, doughnut-shaped disks of gas and dust that circle young stars. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science PGDM Healthcare Data Science MBA healthcare others CXO Management Digital Marketing Public Policy Data Analytics Project Management Product Management Cybersecurity Others Technology Design Thinking Leadership Degree Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details These dense, rotating clouds of material around young stars have been observed to have rings and spirals, which are suspected to be caused by baby planets, but this is the first direct evidence. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Glīd Technologies Delivers: The World's First Autonomous Dual-Mobile Road-to-Rail Platform - TechBullion TechBullion Undo Astronomers previously saw the sculpted protoplanetary disk around the star HD 135344B using the SPHERE (Spectro-Polarimetric High-contrast Exoplanet Research) instrument on the European Southern Observatory's Very Large Telescope in Chile. How did scientists discover baby planet Live Events Scientists finally discovered a new planet using a new instrument called the Enhanced Resolution Imager and Spectrograph (ERIS). The planet sits at the base of one spiral arm, exactly where models predicted a planet would need to be to create this feature, and is believed to be twice the size of Jupiter. It's located about as far from its host star as Neptune is from the Sun, roughly 30 times the distance from Earth to the Sun. What did researchers say about planet discovery "What makes this detection potentially a turning point is that, unlike many previous observations, we can directly detect the signal of the protoplanet, which is still highly embedded in the disc," Francesco Maio, a doctoral researcher at the University of Florence and lead author of a study describing the discovery, was quoted by Live Science as saying in a statement. The existence of many exoplanets, which are planets orbiting stars other than the Sun, is inferred from other data, such as a dip in a star's brightness that is believed to be caused by a planet. Seeing the planet's light, reflected from its host star, gives the discoverers of the protoplanet much greater confidence in its existence. "We will never witness the formation of Earth, but here, around a young star 440 light-years away, we may be watching a planet come into existence in real time," Maio said. Other discoveries by ERIS ERIS also played a decisive role of a similar nature in another recent discovery. Astronomers used ERIS to find an object, possibly a brown dwarf, an object halfway between a giant planet and a small star, in the protoplanetary disk around the young star V960 Mon, located 5,000 light-years away, in the constellation Monoceros.
Time of India
26-07-2025
- Business
- Time of India
Trump wants to play global peacemaker. Derailed Gaza ceasefire shows how daunting that ambition is
The United States cutting short Gaza ceasefire talks this week plunges one of President Donald Trump 's pushes to solve global conflicts into new uncertainty. The derailing of talks to solve the 21-month Israel-Hamas war is the latest blow to Trump as several of his efforts to broker agreements for fraught conflicts and complex global threats have stalled. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM Technology Public Policy MBA Operations Management Data Science Others Cybersecurity healthcare Healthcare Data Analytics Artificial Intelligence Design Thinking Finance Project Management Product Management Degree Digital Marketing Leadership Management Data Science others MCA CXO Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details Though the Republican president has only been back in office for six months, he has sought to be known as a peacemaker. In some cases, he has set ambitious goals that have fallen short, like a promise to end the still-ongoing war in Ukraine before he took office. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Glīd Secures $3.1 Million in pre-seed Funding to accelerate Its Autonomous Road-to-Rail Infrastructure Vision - TechBullion TechBullion Undo Trump has said he's seeking the deals to stop destruction and loss of life. But he has also been open about his ambition to be awarded a Nobel Peace Prize, prompting some of those seeking to cultivate favour with Trump to nominate him for the prestigious recognition. Here's a look at where some of Trump's efforts to strike peace and security deals stand. Live Events Gaza STATUS: No major breakthroughs in recent talks THE BACKSTORY: Trump's special envoy Steve Witkoff said Thursday that the US was bringing home its negotiating team from Qatar, where talks were ongoing, to assess its next steps. Witkoff said the move was made because Hamas was not showing "good faith" toward reaching a ceasefire, but US officials did not offer specifics. No major breakthroughs have occurred despite weeks of talks in Qatar, along with a visit early this month to the White House by Israeli Prime Minister Benjamin Netanyahu. Witkoff said the US would "consider alternative options to bring the hostages home," but US officials did not answer questions about what those options could include. When asked about next steps on Friday, Trump told reporters that Hamas didn't want to make a deal and said, "I think what's going to happen is they're going to be hunted down." Russia-Ukraine STATUS: War still going on THE BACKSTORY: Before he returned to office, Trump repeatedly said he would solve the Russia-Ukraine war in 24 hours - and even before he was sworn in as president. That didn't happen, and both sides remain far apart on reaching an agreement. Trump has become increasingly critical of President Vladimir Putin in recent months and is losing patience with his continued offensive in Ukraine. But Trump has resisted backing a bipartisan US bill to impose steep sanctions on Russia, instead giving Russia 50 days to accept a peace deal or face sanctions on its energy exports. The delay has given Russia a window to continue a stepped-up offensive in Ukraine. Ukrainian President Volodymyr Zelenskyy this week reiterated his willingness to meet face-to-face with Putin to end the conflict. Russia has rejected the offer, saying the countries are too far apart. Lower-level Ukrainian and Russian officials met Wednesday for talks in Istanbul, but no breakthroughs were announced. Putin has said any peace deal should include Ukraine withdrawing from the four regions that Russia illegally annexed in September 2022 but did not fully capture. He also wants Ukraine to renounce its bid to join NATO and accept limits on its military. Ukraine and its Western allies have rejected those terms. Iran STATUS: Open conflict ended for the moment. Many unanswered questions remain THE BACKSTORY: Trump was able to broker a fragile ceasefire between Israel and Iran after the US joined Israel in launching strikes on Iran's nuclear programme. But the status of Iran's nuclear programme is another unanswered question for the Trump administration. While the recent US and Israeli strikes dealt a blow to Iran's nuclear capacities, the United States has still not struck an agreement with Iran over its nuclear programme. An Iranian diplomat said Wednesday that his country was ready to engage in talks on its nuclear programme with the United States, but only after Washington takes meaningful steps to rebuild trust. Meanwhile, Iran has opened the door to a separate yet related negotiation track with Britain, France and Germany, three of the remaining members of a 2015 nuclear deal, which Trump withdrew the United States from in his first term. Foreign ministers from the four countries met in Istanbul on Friday to discuss European threats to reimpose sanctions on Iran if there is no progress on a deal to limit its nuclear programme by August. Other conflicts While deals in some of the most pressing conflicts have remained elusive to Trump, he has helped to broker agreements in the months he's been back in office. RWANDA-DEMOCRATIC REPUBLIC OF CONGO: In June, he invited leaders from Rwanda and the Democratic Republic of Congo to the White House to sign an agreement seen as a major step toward peace after decades of conflict. The US-brokered deal emphasizes the two neighboring countries' sovereignty and territorial integrity and includes a commitment to end hostilities and backing of armed groups. The deal also helps the US government and American companies gain access to critical minerals in the region. INDIA-PAKISTAN: In May, when a series of military strikes brought longtime nuclear adversaries India and Pakistan closer to war, Trump's administration intervened. Trump has said he would work to provide a "solution" to the Kashmir issue. It is not clear what progress has been made on any long-term agreement. Last month, Trump had lunch at the White House with Asim Munir, Pakistan's army chief. SYRIA-ISRAEL: Earlier this month, after Israel intervened in fighting between Syrian government forces and rival armed groups, Trump's special envoy to Syria, Tom Barrack, announced a limited ceasefire agreement between Israel and Syria. Barrack, who's also the US ambassador to Turkey, said he met in Paris on Thursday with representatives from both countries to discuss de-escalation. Barrack said on social media that "we accomplished precisely that" and that both sides committed to continuing the effort. Israel's intervention, however, caught Trump off guard and stymied his administration's push to get both countries to reach a full normalisation of diplomatic relations.
Time of India
22-07-2025
- Business
- Time of India
Can PPFAS Flexi Cap Fund handle Rs 1 lakh crore money? CEO Neil Parikh explains
One should always look at the fund-level Assets Under Management (AUM) and not the scheme-level AUM, as individual stock limits are applicable at the fund level, not at the scheme level, said Neil Parikh , Chairman and CEO of PPFAS Mutual Fund , while responding to questions on how the fund will handle a large AUM and whether they can continue delivering the same kind of returns. The CEO posted on social media platform X that, 'How will they handle such a large AUM? Explore courses from Top Institutes in Please select course: Select a Course Category Finance Project Management Leadership Technology Design Thinking Public Policy Cybersecurity Operations Management PGDM Digital Marketing Others Management Product Management Artificial Intelligence others Data Science CXO healthcare MCA Data Analytics Healthcare Data Science MBA Degree Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Look at fund level AUM and not scheme level AUM as individual stock limits are at fund level, not scheme. So the best stock idea can have good allocation in one scheme instead of allocating the same idea in multiple schemes- basically dilute your best idea with multiple equity schemes. Our overall equity AUM is still less than 5% market share of total MF equity AUM. So this is not a concern. What will change is that there will be a longer tail of small cap stocks so the number of stocks may increase over time. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Glīd Technologies Delivers: The World's First Autonomous Dual-Mobile Road-to-Rail Platform - TechBullion TechBullion Can they continue delivering the same kind of returns with all this new money? - Only time will tell' How will they handle such a large AUM? - look at fund level AUM and not scheme level AUM as individual stock limits are at fund level, not scheme. So the best stock idea can have good allocation in one scheme instead of allocating the same idea in multiple schemes- basically… — NEIL PARIKH (@npparikh6) July 21, 2025 Live Events Also Read | MF Tracker: Will Invesco India PSU Equity Fund shine again after topping 3-year charts? Neil believes that the fund house's best stock ideas can be given adequate allocation in a single scheme, rather than spreading the same idea across multiple schemes—essentially diluting it with several equity offerings. The fund house also pointed out that its overall equity AUM remains under 5% of the total equity AUM of the mutual fund industry, indicating there is still significant room to grow and that this is not a concern. The CEO added that what will change is the inclusion of more small-cap stocks, leading to a higher number of holdings over time. As for whether the fund house can continue to deliver the same level of returns with this new influx of money, the response was: only time will tell. This post by Neil Parikh came in response to a concern raised by an investor who has been investing in the PPFAS Flexi Cap Fund for the past five to six years. In response to another query regarding SEBI's new categorisation and rationalisation norms and whether PPFAS would consider launching a second scheme in the same category, Neil said, 'We will continue with one fund… not in favor of adding more complexities.' When asked how much the US exposure helped the Flexi Cap Fund, Parikh explained that foreign exposure helps lower portfolio volatility and provides downside protection. 'Overseas portfolio returns have been similar to or slightly lower than the Indian portfolio since inception,' he added. Also Read | Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend In May, the CEO informed the investors that the fund has crossed Rs 1 lakh AUM and is the first actively managed scheme to do so in India. Based on the last available portfolio (June 2025), it had an AUM of Rs 1.10 lakh crore from Rs 1.03 lakh crore in May. According to June data, PPFAS Mutual Fund had Rs 23,598 crore cash in its kitty which was 21.62% of the total AUM. The fund house had an equity AUM of Rs 93,171 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
