Kuntluru / LB Nagar: CISCE AP and Telangana Regional Girls Kabaddi Tournament (Girls Under 14, 17 and 19) started on July 15, 2024 under the auspices of Johnson Grammar School, Kuntluru. Johnson Grammar School, Kuntluru had the distinct honor of hosting the Regional Kabaddi Tournament (Girls) for two days (15th and 16th July). 350 students from different CISCE schools from two Telugu states are participating in this tournament. The tournament ends tomorrow.
The celebrations began auspiciously, followed by the ceremonial lighting of the Jyoti, followed by floral tributes to the founder of the Pujya, Swargiya Sri SRN Mudiraj.
“This girls kabaddi tournament is being organized with the aim of making girls, on par with boys, a part of sports at the school level said Kuntluru and LB Nagar Johnson Grammar School Chairman Dr. B. Mallikarjun Rao He said that especially through sports like Kabaddi comes agility and physical fitness, which is very necessary for the growing boys and girls. He expressed his happiness for hosting AP and Telangana Regional Girls Kabaddi Tournament.
This grand event was graced by Honorable Kuntluru and LB Nagar Johnson Grammar School Chairman Dr. B. Mallikarjun Rao was present. Telangana Kabaddi Association General Secretary Jagadishwar Yadav was the Chief Guest, AP and Telangana Region President, Sports and Games Joint Coordinator and Principal Johnson Grammar School, Habsiguda T. Anil Israel, Rangareddy Kabaddi Association Secretary Shri Ravi Kumar, school students, teachers and staff were present.
తెలుగు సూపర్ న్యూస్,హైదరాబాద్,జూలై 9,2024: ఐక్యరాజ్య సమితి గుర్తింపు పొందిన 1యం1బి (వన్ మిలియన్ ఫర్ వన్ బిలియన్) ఫౌండేషన్, తెలంగాణకు చెందిన 1యం1బి గ్రీన్ స్కిల్స్ అకాడమీ నుంచి ఐదుగురు యువ ఆవిష్కర్తలను ఎంపిక చేసింది.
వారు ప్రపంచ వేదికపైకి ప్రవేశించి, ఈ డిసెంబర్‌లో ఐక్యరాజ్యసమితి ప్రధాన కార్యాలయం న్యూయార్క్‌లో జరిగే ప్రతిష్టాత్మక 8వ వార్షిక 1యం1బి యాక్టివేట్ ఇంపాక్ట్ సమ్మిట్‌కు హాజరవుతారు. హైదరాబాద్‌లో జరిగిన గ్రీన్ స్కిల్స్ అకాడమీ – లెవరేజింగ్ ఏఐ గ్రాండ్ ఫినాలేలో ఐదుగురు యువ ఆవిష్కర్తల విజేతలను ప్రకటించారు.
ఐదు నెలల నాయకత్వ, సమస్య పరిష్కార నైపుణ్యాల శిక్షణ తర్వాత, తెలంగాణ వ్యాప్తంగా ఉన్న 200 మంది ఫైనలిస్టుల పోటీలో యువ ఆవిష్కర్తలు ఎంపికయ్యారు. ఐదు గురు విజేతలు మీత్ కుమార్ షా (వయస్సు 22), విజ్ఞాన భారతి ఇన్స్టిట్యూట్ ఆఫ్ టెక్నాలజీ, హైదరాబాద్ నుంచి అతని ప్రాజెక్ట్- అప్నాఇంటర్వ్యూ క్రాకర్; నారాయణం భవ్య (వయస్సు 20) మల్లా రెడ్డి కాలేజ్ ఆఫ్ ఇంజినీరింగ్ ఫర్ ఉమెన్, హైదరాబాద్ నుండి ఆమె ప్రాజెక్ట్- మ్యానిఫెస్టింగ్ మ్యాన్‌హోల్స్; నిర్మల్ టౌన్‌లోని దీక్షా డిగ్రీ కళాశాల నుంచి మనల్ మునీర్ (వయస్సు 21) తన ప్రాజెక్ట్ ఇంటెల్నెక్సా కోసం; హైదరాబాద్‌లోని మల్లా రెడ్డి కాలేజ్ ఆఫ్ ఇంజినీరింగ్ ఫర్ ఉమెన్‌కి చెందిన పెమ్మసాని లిఖిత చౌదరి (వయస్సు 18) టెక్ వాసలియు ప్రాజెక్ట్ కోసం,హైదరాబాద్‌లోని మల్లా రెడ్డి కాలేజ్ ఆఫ్ ఇంజినీరింగ్ ఫర్ ఉమెన్ నుంచి సత్యవతి కోలపల్లి (వయస్సు 19) తన ప్రాజెక్ట్ – నారు పోషణ కోసం.
ఈ సంవత్సరం ప్రారంభంలో, డిపార్ట్‌మెంట్ ఆఫ్ ఇన్ఫర్మేషన్ టెక్నాలజీ, ఎలక్ట్రానిక్స్, కమ్యూనికేషన్స్ తెలంగాణ, 1యం1బి (వన్ మిలియన్ ఫర్ వన్ బిలియన్) సహకారంతో భారతదేశపు మొట్టమొదటి 1యం1బి గ్రీన్ స్కిల్స్ అకాడమీని ప్రారంభించింది.
పర్యావరణ వ్యవస్థ భాగస్వాములైన తెలంగాణ అకాడమీ ఫర్ స్కిల్ అండ్ నాలెడ్జ్ (టాస్క్), టి-హబ్ & టి-వర్క్స్ ద్వారా తెలంగాణలోని కళాశాల యువతలో గ్రీన్ స్కిల్స్‌ను వేగవంతం చేయడం ఈ చొరవ లక్ష్యం. ఈ కార్యక్రమం 18–22 సంవత్సరాల వయస్సు గల యువకులలో ఇప్పటికే ఉన్న నైపుణ్యాల అంతరాన్ని తగ్గించడానికి రూపొందించింది తద్వారా వారికి సైద్ధాంతిక పరిజ్ఞానం, గ్రీన్ స్కిల్స్, సస్టైనబిలిటీ,AIలో అనుభవాన్ని అందించడం.
1యం1బి గ్రీన్ స్కిల్స్ లెర్నింగ్ పాత్‌ను ఉపయోగించుకోవడం ద్వారా, ఈ అకాడమీ యువకులకు అవసరమైన గ్రీన్ స్కిల్స్‌తో సాధికారతను అందించడమే కాకుండా గ్రీన్ ఎకానమీ ఉపాధి అవకాశాలకు కీలకమైన అనుసంధానాలను ఏర్పరుస్తుంది. 2030 నాటికి తెలంగాణ నుంచి 10 లక్షల మంది యువతకు శిక్షణ ఇవ్వాలని ఈ భాగస్వామ్యం లక్ష్యంగా పెట్టుకుంది.
శ్రీధర్ బాబు, తెలంగాణ ప్రభుత్వ ఐటీ శాఖ మంత్రి వ్యాఖ్యానిస్తూ, “1యం1బి గ్రీన్ స్కిల్స్ అకాడమీ యువతపై దాని ప్రభావం చూపుతూ, ఇలాంటి వినూత్న కార్యక్రమాల ద్వారా సుస్థిర అభివృద్ధిని పెంపొందించడానికి తెలంగాణ నిబద్ధతను పునరుద్ఘాటిస్తున్నందుకు నేను సంతోషిస్తున్నాను. మన రాష్ట్రంలోని అకాడమీ కేంద్రం మన యువతకు అవసరమైన హరిత నైపుణ్యాలను సమకూర్చే దిశగా మా ప్రయాణంలో ఒక ముఖ్యమైన మైలురాయిని సూచిస్తుంది” అని అన్నారు.
1యం1బి వ్యవస్థాపకుడు మరియు చీఫ్ మెంటర్ మానవ్ సుబోధ్ మాట్లాడుతూ, “1యం1బి గ్రీన్ స్కిల్ అకాడమీ ప్రోగ్రామ్ మొదటి ఎడిషన్‌లో పాల్గొనేవారి సంఖ్యను చూసి మేము ప్రేరేపించబడ్డాము. తెలంగాణ యువత కొన్ని నెలల్లో కష్టపడి అద్భుతమైన ప్రాజెక్టులను అందించారు. మేము ప్రస్తుతానికి టాప్ 5 విద్యార్థులను షార్ట్‌లిస్ట్ చేసాము.
రాబోయే కొద్ది నెలల్లో మరో 5 మంది విద్యార్థులను ఎంపిక చేస్తాము. 1యం1బి గ్రీన్ స్కిల్స్ అకాడమీ తెలంగాణ యువత నైపుణ్యం సాధించడానికి భారతదేశపు గ్రీన్ వర్క్‌ఫోర్స్‌లో చేరడానికి సిద్ధంగా ఉండటానికి ఒక పెద్ద అవకాశం వేదిక అని నేను నమ్ముతున్నాను. భారతదేశంలో గ్రీన్ స్కిల్లింగ్‌లో 1యం1బి పతాకధారిగా మారినందుకు మేము గర్విస్తున్నాము.”
తెలంగాణ ప్రభుత్వ ఐటీ,ఈ&సీ ప్రత్యేక ప్రధాన కార్యదర్శి జయేష్ రంజన్ మాట్లాడుతూ, “ఈ గ్రాండ్ ఫినాలేతో మేము 1యం1బి గ్రీన్ స్కిల్స్ అకాడమీ మొదటి ఎడిషన్‌ను ముగిస్తున్నందున, గ్రీన్ స్కిల్స్ సుస్థిరతను స్వీకరించడంలో మా యువత అద్భుతమైన విజయాలను మేము జరుపుకుంటాము.
ఈ కార్యక్రమం వారి తెలివితేటలను ప్రదర్శించడమే కాకుండా, తెలంగాణా అంతకు మించిన స్థిరమైన భవిష్యత్తును రూపొందించడంలో కీలకమైన వారి అంకితభావం వినూత్న స్ఫూర్తికి నేను ప్రతి ఒక్కరినీ అభినందిస్తున్నాను.
Telugu super news, Kadapa, June 2024: Joyalukkas, the world’s favouritejeweller, is proud to announce the grand reopening of its refurbished showroom in Kadapa. This exciting event marks a new chapter in the brand’s commitment to providing anexceptional jewellery shopping experience, featuring a state-of-the-art showroom, curated collections with millions of designs, unmatched facilities, and superior customer service.
To celebrate the grand reopening, Joyalukkas is offering anexclusive inaugural offer of flat50% off on all making charges of gold, diamonds, precious and silver jewellery. This incredible offer is valid till14th July 2024, making it the perfect time for customers to indulge in the irfavourite jewellery pieces at unbeatable prices.
Speaking of the reopening, Mr.JoyAlukkas, Chairm and MD of Joyalukkas said: “We are delighted to reopen our Kadapa showroom, now more splendid than ever. Our customers can expect an elevated shopping experience, with a stunning array of designs and anambience thatre flects our dedication toquality and service. We invitee veryone to join us and maket hemos to four exclusive inaugural offers.”
There furbished showroom in Kadapa is designed to provide a sophisticated and comfortable shopping environment. Customers can explore an extensive range of jewellery, from timeless classics to contemporary designs, all crafted with the finest materials and meticulous attention to detail.
Don’t miss the grand reopening of Joyalukkas in Kadapa and the chance to enjoy exceptional deals on your jewellery purchases. Visit Joyalukkas from 14thJune 2024 and be part of this extraordinary celebration.
· Industry’s first smartphone to carry three IP ratings: IP66, IP68, IP69 for all-round waterproofing.
· Protected against drop and shock damage with OPPO’s 360-degree Armour Body backed by MIL-STD-810H Method 516.8 and Swiss SGS Premium Performance 5 Stars Drop Resistant certification.
· The F27 Pro+ 5G will be available from20th June on Flipkart, Amazon, OPPO Store, and mainline retail outlets with accidental and liquid damage protection worth INR 1199 for up to 6 months.
India, 2024: OPPO India has introduced the F27 Pro+ 5G – the country’s first IP66, IP68 and IP69-rated Super-Rugged, Monsoon-Ready smartphone. The F27 Pro+ will be available in two colours—Dusk Pink and Midnight Navy—and retails at INR 27,999 with 128GB storage and INR 29,999 for the 256GB variant. The smartphone boasts OPPO’s full-device protection solution—a damage-proof 360-degree Armour Body—that shields the device from drops and scratches. This is in addition to a four-year durable 5,000mAh battery.
Commenting on the launch, Savio D’Souza, Director of Product Communications at OPPO India, said, “The OPPO F27 Pro+ 5G meets the needs of customers who are always on the move, and demand a durable smartphone that can keep up with them, whether rain or sunshine. It is the only smartphone to carry all three—the IP66, IP68 and IP69—ratings and meets the highest standards against dust and water damage. Additionally, its 360° Armour Body provides inside-out protection, certified by the Swiss SGS Premium Performance standard and MIL-STD-810H Method 516.8. All that and essentials like a vivid, borderless display, stellar cameras, and a very capable processor are packed into a slim, lightweight, and stylish build that is sturdy and flaunt-worthy in equal measure.”
Waterproof and Ultimate Durability
The OPPO F27 Pro+ 5G is the first phone to boast all three ratings of the highest levels of dust ingress and water resistance with IP66, IP68 and IP69; these standards specifically certify that the phone can withstand high-pressure, high-temperature water jets and even water immersion for up to 30 minutes at a time.
The phone’s durability goes beyond dust and water ingress protection owing to its damage-proof 360-degree Armour Body protection, which is made possible by internal dampening materials like sponges to enhance drop resistance, a high-strength, high-thermal conductivity aluminium alloy to protect the motherboard, and Corning Gorilla Glass Victus 2 on the screen.
The OPPO F27 Pro+ 5G’s focus on endurance is validated by the Swiss SGS Premium Performance 5 Star rating for passing multi-angle drop tests and for its extreme high shock and frequency shock resistance. The smartphone has also passed the MIL-STD-810H Method 516.8 standard that tests for functional shock, transportation shock, fragility, transit drop, and crash hazard shock.
The device has undergone 10 major design enhancements, including a fully waterproof screen and waterproofing on openings like the microphone, speaker, SIM card slot, and USB port to meet the rigorous rating standards. The microphone and earphone speakers are protected by a waterproof breathable film that keeps
Specifications
Design & Dimensions
Dimensions: 7.89mm; 177g
Damage-Proof 360-degree Armour Body protection
Corning Gorilla Glass Victus 2
Display
120Hz 3D Curved AMOLED Display
93% screen-to-body ratio
10-bit colour with 950nits brightness
Performance
Octa-core MediaTek 7050 SoC
8GB RAM + 128GB/256GB
Colour OS14, based on Android 14
Camera
64MP main camera, 2MP depth camera & 8MP selfie camera
Certifications
IP66, IP68, and IP69 rating
Swiss SGS Premium Performance 5 Stars Drop Resistance
MIL-STD-810H Method 516.8 certification
water at bay while allowing audio permeability. Similarly, the USB port is equipped with a silicone sealing ring to ensure waterproofing.
The OPPO F27 Pro+ 5G also uses a new waterproof circuit design that protects against critical damage to the motherboard in heavy monsoon downpours.
An Ultra-Slim New Look
The F27 Pro+ 5G pushes the boundaries of design with the first-ever 3D Curved AMOLED display in the F Series. The 120Hz AMOLED display sports super-narrow bezels and a 93% screen-to-body ratio for a near-borderless viewing experience. Its 10-bit panel and 950nits of overall brightness ensure a visually stunning multimedia experience with natural colour reproduction. Furthermore, five layers of eye protection work around the clock for all-around vision protection. OPPO’s Splash Touch technology ensures that the screen remains usable even with water droplets on the display or when using wet hands.
The OPPO F27 Pro+ sports a svelte 7.89mm slim profile and weighs a lightweight 177g. Its stain-resistant vegan leather back is yet another design choice that enhances grip and comfort. The phone is available in two stunning colours: Dusk Pink and Midnight Navy. The Dusk Pink variant exudes warmth and is inspired by sunset landscapes, while the Midnight Navy colour reflects the serene waves under the moonlight of the night sky. OPPO’s Cosmos Ring design for its camera module is inspired by luxury mechanical watch dials and adds a touch of elegance and sophistication.
Smooth Performance
The OPPO F27 Pro+ 5G packs an octa-core MediaTek 7050 SoC that comprises ARM Cortex-A78 cores clocked at up to 2.6GHz, and Cortex-A55 efficiency cores to strike the perfect balance between effortless multitasking, efficient power management, and all-day battery life.
The smartphone packs 8GB RAM, and 128GB/256GB of UFS 3.1 storage. Demanding users can expand the RAM by an additional 8GB using OPPO’s proprietary RAM expansion technology. Performance is further enhanced by OPPO’s latest ColorOS 14—based on Android 14—which introduces a new Aqua Dynamics interface with quality-of-life additions like a File Dock feature. The phone has passed OPPO’s 50-month Fluency Protection test which guarantees a smooth and seamless user experience for at least four years.
Keeping the phone going all day long and beyond, is a 5,000mAh battery with 67W SUPERVOOC Flash Charge technology. The OPPO F27 Pro+ 5G can be charged up to 56% in 20 minutes and 100% in 44 minutes. The battery can retain 80% of its original capacity even after four years with a regular daily charge cycle.
Capture Impressive Moments With AI Ultra-Clear Camera System
The OPPO F27 Pro+ 5G brings flagship-grade AI features to the mainstream with a Gen-AI-powered AI Eraser and AI Portrait Retouching. The AI Eraser makes removing unwanted objects and subjects in photographs as simple as touching a button.
The AI-based Portrait Retouching feature removes facial imperfections in portrait shots and can remove blemishes such as spots and acne while reducing noise and improving overall lighting and clarity. Trained on extensive datasets, the AI algorithm backing Portrait Retouching enhances low-light portraits by intelligently reducing noise and clarifying facial features.
The phone is equipped with a 64MP main camera, a 2MP depth camera, and an 8MP selfie camera that allows users to capture stunning landscapes and natural-looking portraits. Features like Flash Snapshot which instantly triggers a short exposure to quickly capture moving objects—supported by AI Shutter Algorithm, and a Night Portrait mode that enhances shooting performance in low-light conditions through a combination of multi-frame noise reduction and HDR technology—further assist with capturing creative photos.
Pricing, Availability, Offers
The OPPO F27 Pro+ 5G will be available in India from 20th June 2024. The 128GB model will be priced at INR 27,999, while the 256GB model will retail at INR 29,999.
During the pre-order period from 13th June to 19th June, customers can avail the following exclusive offers at Amazon,Flipkart, OPPO store and mainline retail outlets:
· Enjoy worry-free protection against accidental and liquid damage worth INR 1199 for up to 6 months.
· Avail no-cost EMI for up to 6 months and consumer loans for up to 9 months without any down payment with leading partners.
· Upgrade to the OPPO F27 Pro+ and receive an exchange bonus of INR 1000. Existing OPPO customers will also receive an additional loyalty bonus worth INR 1000.
· Get a flat 10% instant cashback on credit and debit cards from leading banks including HDFC Bank, SBI, and ICICI Bank. (T&C apply)
This launch will redefine banks’ operations with a competitive edge to grow exponentially and further the Digital India goal
Telugu super news, Mumbai, India, June 13th, 2024: Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, announces the launch of the Intellect Digital Core for Cooperative Banks in India. This comprehensive, enterprise-grade banking technology suite is composed of eMACH.ai, the world’s largest open finance platform engineered by the ‘First Principles’ Thinking for financial institutions to design future-ready technology solutions. Drawing on the composable and contextual core banking technology that runs some of the world’s largest banks, Intellect brings the same expertise for cooperative banks as a Digital India initiative.
With three decades of domain expertise and ‘Design Thinking’ at our core, we have launched Intellect Digital Core, tailored for Cooperative Banks.
In the contemporary banking landscape, customers’ expectations have evolved, and they now demand digital front-end layers from the banks they engage with. This includes the ability to perform UPI transactions and leverage Internet banking services. It is imperative for cooperative banks to cater to the aspirations of the younger generation of customers by providing these value-added services. Intellect
Digital Core for Cooperative Banks enables them to embrace digital transformation and incorporate modern technologies to meet evolving customer demands and stay competitive. The enterprise-grade banking technology suite meets customers’ evolving needs in tier-2 and tier-3 cities.
Commenting on the launch, Ramanan SV, CEO-India & South Asia, Intellect Design Arena, said, “We are excited to bring Intellect Digital Core to revolutionise the way Cooperative Banks operate in India. Being made in India, we understand the patterns of the Indian market and the evolving demands and expectations of customers in Tier 2&3 cities. The technology is built on the ‘First Principles’ Technology Suite eMACH.ai, enabling the banks to become Digital Enterprise, thereby driving exponential growth. With a legacy spanning three decades and guided by an institutionalised Design Thinking approach, Intellect continues to reinforce its technology leadership in the financial technology space – this product specifically designed for Cooperative Banks is testimony to that.”
“With 12+ Industry-ready integrations available, banks can enjoy plug-and-play functionality to get started quickly and focus on what really matters – growing the business. Intellect Digital Core also supports a wide range of regional languages, ensuring the message is accurately conveyed to the target audience,” he added.
Telugu super news,Hyderabad,June 3,2024 : Prega News, India’s leading pregnancy detection card with 85 per cent Market share from the house of Mankind Pharma launched its expert pregnancy care solution partner with Kajal Agarwal for Southern market.
Speaking on the launch, Kajal Agarwal, regional brand ambassador (South) highlighted the crucial role of early pregnancy detection in safeguarding the health and well-being of both mother and baby.
“Motherhood is a beautiful journey that begins with the joy of discovering you are pregnant. During this phase, it is important that an individual relies on an accurate pregnancy detection tool. Prega News has been one of the most trusted pregnancy detection kits in India for decades, and it’s an honor for me to represent this esteemed brand” she said.
Prega News is known for providing the most accurate results, and with production expansion, the brand provides a comprehensive reproductive range. She also shared her thoughts with the audience about the wide array of unbranded products available in the market that provide inaccurate and unreliable results.
The brand’s expert pregnancy care solution partner’ comes in three different pregnancy phases, which come with six products. The product range offers a holistic pregnancy care solution for pre, during, and post-pregnancy phases.
Telugu super news,April 20,2024:The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and year ended March 31, 2024, at its meeting held in Mumbai on Saturday, April 20, 2024. The accounts have been subjected to an audit by the statutory auditors of the Bank.
CONSOLIDATED FINANCIAL RESULTS:
The Bank’s consolidated net revenue grew by 133.6% to ₹ 807.0 billion for the quarter ended March 31, 2024 from ₹ 345.5 billion for the quarter ended March 31, 2023. The consolidated profit after tax for the quarter ended March 31, 2024 was ₹ 176.2 billion, up 39.9%, over the quarter ended March 31, 2023. Earnings per share for the quarter ended March 31, 2024 was ₹ 23.2 and book value per share as of March 31, 2024 was ₹ 600.8.
The consolidated profit after tax for the year ended March 31, 2024 was ₹ 640.6 billion, up 39.3%, over the year ended March 31, 2023.
STANDALONE FINANCIAL RESULTS:
Profit & Loss Account: Quarter ended March 31, 2024
The Bank’s net revenue grew by 47.3% to ₹ 472.4 billion (including transaction gains of ₹ 73.4 billion from stake sale in subsidiary HDFC Credila Financial Services Ltd) for the quarter ended March 31, 2024 from ₹ 320.8 billion for the quarter ended March 31, 2023.
Net interest income (interest earned less interest expended) for the quarter ended March 31, 2024 grew by 24.5% to ₹ 290.8 billion from ₹ 233.5 billion for the quarter ended March 31, 2023. Core net interest margin was at 3.44% on total assets, and 3.63% based on interest earning assets.
Other income (non-interest revenue) for the quarter ended March 31, 2024 was ₹ 181.7 billion as against ₹ 87.3 billion in the corresponding quarter ended March 31, 2023. The four components of other income for the quarter ended March 31, 2024 were fees & commissions of ₹ 79.9 billion (₹ 66.3 billion in the corresponding quarter of the previous year), foreign exchange & derivatives revenue of ₹ 11.4 billion (₹ 10.1 billion in the corresponding quarter of the previous year), net trading and mark to market gain of ₹ 75.9 billion, including transaction gains of ₹ 73.4 billion mentioned above (loss of ₹ 0.4 billion in the corresponding quarter of the previous year) and miscellaneous income, including recoveries and dividend of ₹ 14.4 billion (₹ 11.3 billion in the corresponding quarter of the previous year).
Operating expenses for the quarter ended March 31, 2024 were ₹ 179.7 billion, an increase of 33.5% over ₹ 134.6 billion during the corresponding quarter of the previous year. Operating expenses for the quarter ended March 31, 2024 included staff ex-gratia provision of ₹ 15 billion. The cost-to-income ratio for the quarter was at 38.0%. Excluding certain transaction gains and the ex-gratia provision, cost to income ratio for the quarter was at 41.3%.
The credit environment in the economy remains benign, and the Bank’s credit performance across all segments continues to remain healthy. The Bank’s GNPA at 1.24% has shown an improvement over the prior quarter. The Bank has considered this as an opportune stage to enhance its floating provisions, which are not specific to any portfolio, but act as a countercyclical buffer for making the balance sheet more resilient, and these also qualify as Tier 2 Capital within the regulatory limits. Therefore, the Bank has made floating provisions of ₹ 109.0 billion during the quarter.
Provisions and contingencies for the quarter ended March 31, 2024 were ₹ 135.1 billion (including the floating provisions of ₹ 109.0 billion mentioned above). Provisions and contingencies, excluding the floating provisions, for the quarter ended March 31, 2024 were ₹ 26.1 billion as against ₹ 26.9 billion for the quarter ended March 31, 2023.
The total credit cost ratio (excluding the floating provisions mentioned above) was at 0.42%, as compared to 0.67% for the quarter ending March 31, 2023.
Profit before tax (PBT) for the quarter ended March 31, 2024 was at ₹ 157.6 billion. Profit after tax (PAT) for the quarter, after certain tax credits, was at ₹ 165.1 billion, an increase of 37.1% over the quarter ended March 31, 2023.
Balance Sheet: As of March 31, 2024
Total balance sheet size as of March 31, 2024 was ₹ 36,176 billion as against ₹ 24,661 billion as of March 31, 2023.
Total Deposits were at ₹ 23,798 billion as of March 31, 2024, an increase of 26.4% over March 31, 2023. CASA deposits grew by 8.7% with savings account deposits at ₹ 5,987 billion and current account deposits at ₹ 3,100 billion. Time deposits were at ₹ 14,710 billion, an increase of 40.4% over the corresponding quarter of the previous year, resulting in CASA deposits comprising 38.2% of total deposits as of March 31, 2024.
Gross advances were at ₹ 25,078 billion as of March 31, 2024, an increase of 55.4% over March 31, 2023. Grossing up for transfers through inter-bank participation certificates and bills rediscounted, advances grew by 53.8% over March 31, 2023. Domestic retail loans grew by 108.9%, commercial and rural banking loans grew by 24.6% and corporate and other wholesale loans (excluding non-individual loans of eHDFC Ltd of approximately ₹ 807 billion) grew by 4.2%. Overseas advances constituted 1.5% of total advances.
Year ended March 31, 2024
For the year ended March 31, 2024, the Bank earned net revenues (net interest income plus other income) of ₹ 1,577.7 billion, as against ₹ 1,180.6 billion for the year ended March 31, 2023. Net interest income for the year ended March 31, 2024, crossed ₹ 1 trillion and was ₹ 1,085.3 billion, up 25.0%, over the year ended March 31, 2023.
Profit after tax for the year ended March 31, 2024 was ₹ 608.1 billion, up by 37.9% over the year ended March 31, 2023.
Capital Adequacy:
The Bank’s total Capital Adequacy Ratio (CAR) as per Basel III guidelines was at 18.8% as on March 31, 2024 (19.3% as on March 31, 2023) as against a regulatory requirement of 11.7%. Tier 1 CAR was at 16.8% and Common Equity Tier 1 Capital ratio was at 16.3% as of March 31, 2024. Risk-weighted Assets were at ₹ 24,680 billion.
DIVIDEND
The Board of Directors recommended a dividend of ₹ 19.5 per equity share of ₹ 1 for the year ended March 31, 2024. This would be subject to approval by the shareholders at the next annual general meeting.
NETWORK
As of March 31, 2024, the Bank’s distribution network was at 8,738 branches and 20,938 ATMs across 4,065 cities / towns as against 7,821 branches and 19,727 ATMs across 3,811 cities / towns as of March 31, 2023. 52% of our branches are in semi-urban and rural areas. In addition, we have 15,182 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,13,527 as of March 31, 2024 (as against 1,73,222 as of March 31, 2023).
ASSET QUALITY
Gross non-performing assets were at 1.24% of gross advances as on March 31, 2024, as against 1.26% as on December 31, 2023, and 1.12% as on March 31, 2023. Net non-performing assets were at 0.33% of net advances as on March 31, 2024.
SUBSIDIARIES
Amongst the Bank’s key subsidiaries, HDFC Life Insurance Company Ltd and HDFC ERGO General Insurance Company Ltd prepare their financial results in accordance with Indian GAAP and other subsidiaries do so in accordance with the notified Indian Accounting Standards (‘Ind-AS’). The financial numbers of the subsidiaries mentioned herein below are in accordance with the accounting standards used in their standalone reporting under the applicable GAAP.
HDB Financial Services Ltd (HDBFSL), in which the Bank holds an 94.6% stake, is a non-deposit taking NBFC offering wide a range of loans and asset finance products. For the quarter ended March 31, 2024, HDBFSL’s net revenue was at ₹ 22.9 billion as against ₹ 22.6 billion for the quarter ended March 31, 2023, a growth of 1.2%. Profit after tax for the quarter ended March 31, 2024 was ₹ 6.6 billion compared to ₹ 5.5 billion for the quarter ended March 31, 2023, a growth of 20.3%. Profit after tax for the year ended March 31, 2024 was ₹ 24.6 billion compared to ₹ 19.6 billion for the year ended March 31, 2023. The total loan book was ₹ 902 billion as on March 31, 2024 compared to ₹ 700 billion as on March 31, 2023, a growth of 28.8%. Stage 3 loans were at 1.90% of gross loans. As on March 31, 2024, total CAR was at 19.2% with Tier-I CAR at 14.1%.
HDFC Life Insurance Company Ltd (HDFC Life), in which the Bank holds a 50.4% stake, is a leading, long-term life insurance solutions provider in India. For the quarter ended March 31, 2024, HDFC Life’s total premium income was at ₹ 209.4 billion as against ₹ 196.3 billion for the quarter ended March 31, 2023, a growth of 6.7%. Profit after tax for the quarter ended March 31, 2024 was ₹ 4.1 billion compared to ₹ 3.6 billion for the quarter ended March 31, 2023, a growth of 14.8%. Profit after tax for the year ended March 31, 2024 was ₹ 15.7 billion compared to ₹ 13.6 billion for the year ended March 31, 2023.
HDFC ERGO General Insurance Company Ltd (HDFC ERGO), in which the Bank holds a 50.5% stake, offers a complete range of general insurance products. For the quarter ended March 31, 2024, premium earned (net) by HDFC ERGO was at ₹ 24.2 billion as against ₹ 21.3 billion for the quarter ended March 31, 2023, a growth of 13.7%. Loss after tax for the quarter ended March 31, 2024 was ₹ 1.3 billion, as against profit after tax of ₹ 2.1 billion for the quarter ended March 31, 2023. Profit after tax for the year ended March 31, 2024 was ₹ 4.4 billion compared to ₹ 6.5 billion for the year ended March 31, 2023.
HDFC Asset Management Company Ltd (HDFC AMC), in which the Bank holds a 52.6% stake, is the Investment Manager to HDFC Mutual Fund, one of the largest mutual funds in India and offers a comprehensive suite of savings and investment products. For the quarter ended March 31, 2024, HDFC AMC’s Quarterly Average Assets Under Management were approximately ₹ 6,129 billion, a growth of 36.3% over the quarter ended March 31, 2023. Profit after tax for the quarter ended March 31, 2024 was ₹ 5.4 billion compared to ₹ 3.8 billion for the quarter ended March 31, 2023, a growth of 43.8%. Profit after tax for the year ended March 31, 2024 was ₹ 19.5 billion compared to ₹ 14.2 billion for the year ended March 31, 2023.
HDFC Securities Ltd (HSL), in which the Bank holds a 95.1% stake, is amongst the leading broking firms in India. For the quarter ended March 31, 2024, HSL’s total revenue was ₹ 8.6 billion, as against ₹ 4.9 billion for the quarter ended March 31, 2023. Profit after tax for the quarter was at ₹ 3.2 billion, as against ₹ 1.9 billion for the quarter ended March 31, 2023, a growth of 64.2%. Profit after tax for the year ended March 31, 2024 was ₹ 9.5 billion compared to ₹ 7.8 billion for the year ended March 31, 2023.
Telugu super news, Hyderabad, 19 April 2024: Shiv Nadar Institution of Eminence, Delhi-NCR on Friday held an interaction with media in Hyderabad about the admission process, research-based courses it offers, and its brilliant track record with placements.
The university is currently accepting applications to 17undergraduate programs across its four schools in Engineering, Natural Sciences, Management and Entrepreneurship, and Humanities and Social Sciences for 2024-25.
The University’s research-intensive undergraduate program provides global perspectives,through its multidisciplinary approach based on the foundations of value, ethics, and leadership.
Home to over 150 labs equipped with state-of-the-art facilities, the undergraduate programsempower students with the expertise to thrive in an evolving landscape. Tutored by faculty drawn from the best universities in India and across the world, students are given a firm grounding in research and critical thinking making them a globally competitive talent.
Graduates from university pursue higher education in top institutions in India and abroad, some even securing direct entry to PhD programs after their undergraduate degrees.
Understanding the symbiotic relationship between education and placements, the university’s Career Development Center trains and provides students with job opportunities. The university’s strong links with multinationals like Google, Microsoft, Dell, Goldman Sachs, L&T, UBS Group, S&P Global, IBM, Airbus, HCLTech, Tata Poweramong others provide an array of job opportunities.
Interacting with the media, Dr. Rajeev Kumar Singh, Associate Professor and Chairperson,Admissions at Shiv Nadar University Delhi-NCR said, “Students from Telangana and the city of Hyderabad constitute a sizeable number in our diverse and inclusive campus. We are hopeful that like the previous years, this year too we will see an overwhelming response from Hyderabad for all our programmes.”
The application form isavailable on the university’s official website (http://www.snu.edu.in/home). For 2024-25, the university has introduced a new scholarship for students who top in academic performance in their respective schools in Grade 12. Details about the scholarships are available here: scholarship@snu.edu.in
Established in 2011, the university is spread across a 286-acre residential campus with approximately 3000 students and 250+ faculty. It was awarded the ‘Institution of Eminence’ status in 2022.
MULTIPLE BENEFITS FOR STUDENTS
The University has globally distinguished faculty members with rich and diverse experience in their respective fields. The opportunities to learn extend well beyond the classroom, with 50+ clubs and societies. Some of the popular clubs include collaborative design for sustainability, Model United Nations, artificial Intelligence, photography, robotics and many more.
Sports and physical well-being are an integral part of learning and growth at the University. It is home to world-class sporting infrastructure and offers a choice of activities to students. These include a 90,000-sq. feet grand Indoor Sports Complex and 5,71,410 square feet of international standard outdoor playing fields and multiple options including squash, badminton, equestrian training etc.
Telugu super news,National,April 18,2024: Share.Market, a PhonePe product, today announced the launch of its Futures and Options (F&O) segment. This addition marks a significant milestone in the platform’s mission to empower traders with comprehensive trading tools and resources which will facilitate an enhanced trading experience with a dedicated focus on the Intelligence layer.
Within seven months of the launch of the business, total Share.Market lifetime customers are over 1.55M with over 1.4M monthly active MF SIP transactions. In addition, Share.Market has been able to provide access to Intelligence to over 75,000+ users (daily app engagement) with 1.5L demat accounts.
The introduction of F&O capabilities on Share.Market enhances the platform’s offerings, with a comprehensive Option chain analysis to track Options. Futures and Options contracts across various Indices and Stocks play a role in Investor and Trader journey to manage risk, hedge positions, and enhance the overall return profile through efficient portfolio management. To bring more Intelligence, trader focused data points around greeks and strategy building with effective money management will be rolled out.
Key features of the F&O offering include:
Robust Trading Interface: A user-friendly interface designed to streamline the trading process, enabling Traders to execute F&O trades with ease and efficiency. Effective risk management capabilities around tracking and managing orders includes optimal capital allocation and timely exits.
Evolving Intelligence layer: Enhanced Option Chain with Max Pain, Put Call Ratio (PCR) and easy visualization of Open Interest (OI) change, together with charting capabilities of individual Future and Option instruments has been launched. Many more features around hedging, mechanics for strategy selection, building blocks behind strategy execution and management are all in the pipeline.
Leveraging Pledge for Margin Trading: For seasoned traders, there is an option of getting collateral margin through pledging of existing holdings.
Educational resources: Along with an Intelligence layer on the platform, augmenting with access to educational resources, tutorials, and webinars to help traders deepen their understanding of F&O trading strategies and concepts.
Talking about the launch of F&O, Ujjwal Jain, CEO, Share.Market said, “As Investors and Traders empower themselves to Invest and Trade better, Share.Market has been able to take the ambitious steps to elevate Discount Broking powered by Intelligence.” He further added, “With the launch of Futures and Options trading to our platform, we are further expanding our suite of offerings. This addition will further strengthen our efforts to empower investors and traders with the tools and resources they need to navigate today’s dynamic financial markets.”
The launch of the F&O feature underscores Share.Market’s dedication to innovation and customer-centricity. By continuously enhancing its platform with new features and capabilities, Share.Market remains at the forefront of the industry, catering to the evolving needs of investors and traders.
Launched in August end 2023, Share.Market elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and a great customer experience for investors and traders alike. It provides a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio. Share.Market offers stocks (intraday and delivery), Exchange-Traded Funds (ETFs), Mutual Funds, and WealthBaskets.
Telugu super news,April 10, 2024: In a major ruling on April 2nd, 2024, Vihaan Direct Selling (India) Pvt. Ltd, the exclusive franchise of QNET in India, secured a crucial court order from the City Civil & Sessions Court of Bangalore. The order effectively puts a stop to the smear campaign orchestrated by the FINANCIAL FRAUD’S VICTIMS WELFARE ASSOCIATION and its members GURUPREET SINGH INDERJEETSINGH ANAND, PHANIDRA, ANUJA KOTECHA and SURENDRA MUKAITRA against QNET’s operations in India.
The court’s interim order prohibits the Association and its members from making false and unverified statements regarding QNET’s business activities. Specifically, they are barred from organizing press conferences or disseminating defamatory content aimed at tarnishing the reputation of Vihaan and its business partners. For over a decade, the defendants have employed criminal intimidation tactics and baseless allegations to undermine QNET and Vihaan’s credibility. Their efforts included social media campaigns and public demonstrations aimed at damaging the QNET brand and impugning the professionalism of Vihaan’s employees.
The court’s ruling comes in response to the Association’s recent press conference in Hyderabad on March 17th, 2024 where they sought to discredit QNET’s business operations in India. The April 2nd order unequivocally rejects these allegations and condemns the Association’s propaganda tactics.
The court denounced the defendants’ actions as blatant blackmail and emphasized that freedom of speech does not extend to making defamatory statements against legitimate businesses operating within the bounds of the law. “The words expressed by the defendants are extreme, and shocking. Which is clear cut case of blackmailing the company, which is working by registering under the provisions of the law of this court. In fact, the defendants on the guise that they have a right to speak cannot make such a defamatory derogatory statements against anybody, never-the-less against the plaintiff company”, observed the court.
The court also uncovered attempts by the Association to disrupt QNET’s supply chain by pressuring service providers like TCI Corporation and logistic partners like Blue Dart and India Post. However, investigations revealed that services continue uninterrupted, debunking the Association’s claims. It was observed that as per the High Court of Karnataka order, in favour of Vihaan – W.P. 7603/2024, dated 13/03/2024, the services of India Post continue.
Furthermore, the court remarked that previous legal proceedings have already dismissed allegations of QNET operating illegal pyramid or ponzi schemes in India. Both the Supreme Court’s Stay Order (as early as March 2017) and the High Court of Karnataka’s FIR- Quashing order (February 2017) point towards the legitimacy of Vihaan’s business operations, refuting any insinuations of wrongdoing.
Any allegation linking QNET or Vihaan to tragic incidents, such as suicides, is baseless and without merit. QNET, with its 26-year legacy, remains committed to delivering high-quality products and supporting its independent distributors across India.
This court order marks a significant victory for QNET and underscores the importance of upholding truth and fairness in public discourse. As QNET continues its mission to empower individuals through entrepreneurship, it remains steadfast in its dedication to integrity and transparency.
