#JustIn | Airtel (airtel India) surpasses 1 million #customers on its #5G network

Why this could be India’s decade Morgan Stanley Ridham Desai Ridham Desai lists Three big pillars
1. Offshoring - India is becoming office & factory to the world
2. Indiastack as a public utility
3. Energy change #OnTheRecord #India #CNBCTV18Market

Discretionary consumption will surprise on the upside in India. Effective social distribution using technology has been a key factor for the political success of the BJP says Morgan Stanley Ridham Desai Ridham Desai #OnTheRecord #India #CNBCTV18Market

Themes, sectors to bet on over the decade based on Morgan Stanley bull case on #India says Ridham Desai Ridham Desai
1. Banks & financials
2. Consumer discretionary
3. IT services
4. Industrials including defence

#OnCNBCTV18 | #EBITDA margin at 27% includes impact of adverse currency movements. Will focus on maintaining #margin . Have guided for higher single-digit, lower double-digit revenue growth, says C S Muralidharan of Sun Pharma

#OnTheRecord | #GDP growth will be robust for #India in the next 10 years. Hope that there is no negative surprise in 2024 #elections , says Ridham Desai (Ridham Desai) of Morgan Stanley (@MorganStanley) in a #CNBCTV18Exclusive interview with Shereen Bhan

#Construction activities have been stopped across #Delhi due to pollution, says Delhi CM Arvind Kejriwal

#ArvindKejriwal

#CNBCTV18Market | DLF in focus

Construction activities have been stopped across Delhi due to pollution: Delhi CM

LIC Housing 🏡 Finance -10%

Management guides for improvement from here on
🏠 Loan growth expected at 15% in FY23
🏡 Credit costs approx 45 bps to 50 bps
🏡 NIMs will improve & could move to 2.3%

#StockMarket #Nifty

#OnCNBCTV18 | Not overstocking channel inventories due to erratic weather patterns. Focussing on high value & high margin products. Weather in #Europe has been particularly dry this year, says Jai Shroff of #UPL

#OnCNBCTV18 | Net Interest Margin will see improvement in coming quarters. Credit cost will be 45-50 bps in #FY23 . Confident of achieving 15% growth in loan book for FY23, says Y Viswanatha Gowd of LIC Housing Finance

#OnCNBCTV18 | Cognizant of higher interest rates hence cautious of revising #FY23 #guidance . We will exceed our sales guidance of ₹11,500 cr in #FY23 . Average realisation is at ₹12,000/sf, have seen 2% price hike across projects, says Sushil Kumar Modi of Macrotech Developers

#2QWithCNBCTV18
Karnataka Bank
Asset quality – QOQ
Slippages at Rs303cr, down 46.8%
GNPA ratio at 3.36% vs 4.03%
NNPA at 1.72% vs 2.16%
PCR at 49.9% vs 47.4%
Restructured book at 6.22% vs 7.37%

Biz momentum:
Deposits at Rs81634cr, up 6.13%YOY & 1.31%QOQ

#2QWithCNBCTV18
Cholamandalam: Strong business momentum, doesn’t translates to P&L growth
Disbursals a Rs14623cr, up 68%YOY & 9.7%QOQ
AUM at Rs91841cr, up 22.35%YOY & 5.9%QOQ
Operating profits at Rs1040.3cr, up 16.8%YOY & down 2.1%QOQ
NIM at 7.6% vs 7.7%YOY & vs 8%QOQ