DINESH KUMAR
Gensol crisis: The finfluencer hype that led to 95% losses for retail investors
Dinesh Kumar, like many others, faced significant losses after investing in Gensol Engineering based on social media influencers' advice. These influencers, some unregistered, promoted the stock without proper disclosures, leading unsuspecting investors into a trap. The Gensol saga highlights the dangers of relying on hype and the importance of due diligence in investment decisions, especially with unregulated financial advice.
Deposit rate cuts likely, but timing hinges on liquidity and credit growth: Dinesh Kumar Khara
Dinesh Kumar Khara welcomes the expanded scope of co-lending, now encompassing all loan types and ecosystem participants. He notes deposit rate cuts are contingent on system liquidity and credit growth, observing some banks have already reduced rates due to lower first-quarter credit growth.
Lawyers bodies to abstain from swearing-in of Justice Sharma at Calcutta HC, may not attend his court
Lawyers' bodies in Kolkata expressed their dismay at the transfer of Justice Dinesh Kumar Sharma from the Delhi High Court to the Calcutta High Court. They abstained from his swearing-in ceremony and might avoid appearing in his court, urging the Chief Justice not to assign him judicial work.
IRDAI inducts 5 new members into insurance advisory panel
India's insurance regulator has appointed five new key members to its Insurance Advisory Committee (IAC), including leaders from banking, asset management, and insurance sectors, aiming to shape future regulations. The IAC will submit its report in three months, with a new draft bill suggesting an FDI increase to 100% and a composite licence framework.
Sebi slaps Rs 20 lakh penalty on 4 entities for indulging in non-genuine trades
Capital markets regulator Sebi on Tuesday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on the BSE.
Traffic violations surge over 100% during Holi in 2025
Traffic violations in New Delhi during Holi celebrations surged significantly this year, with 7,230 challans issued compared to 3,589 last year. Drunken driving cases rose to 1,213, and helmet-related violations increased by 56%. Special measures were taken by the Delhi Traffic Police, including 84 special teams equipped with alcometers.
JM Financial has a Buy on SBI Life, revises target price to Rs 1,700
JM Financial recommends buying SBI Life Insurance Company with a revised target price of Rs 1,700. The current price is Rs 1429.8. SBI Life has reported a slowdown but is expected to see significant growth. The company aims for a 15.2% growth in the upcoming years. Promoters hold 55.38% stake.
Nithin Kamath of Zerodha named EY Entrepreneur Of The Year 2024
Nithin Kamath, CEO of Zerodha, won the EY Entrepreneur Of The Year 2024 and will compete in the global awards. Other notable winners include Pradeep Rathod and Rajesh Magow, with K.V. Kamath receiving a lifetime achievement award. Collectively, the winners generate significant revenue and employment, reflecting the transformative impact of Indian entrepreneurs.
Haryana local body elections: Voters queue up at polling booth as voting begins
Voting for Haryana local body elections began on Sunday, covering seven municipal corporations, four municipal councils, and 21 municipal committees. Measures are in place to ensure a smooth process, with results to be declared on March 12.
Buy Solar Industries India, target price Rs 13,720: ICICI Securities
ICICI Securities recommends buying Solar Industries India with a target price of Rs 13,720, noting its promising growth in defence and aerospace sectors. The company's revenue grew 37.68% YoY, reporting a net profit of Rs 336.54 crore in Q3 FY24. With strong management and strategic plans, Solar Industries is expected to see robust EBITDA growth.
Third eye: Lobbying for special leadership post, Striking a balance between babus and netas and Subsiding Euphoria
Andhra Pradesh CM N Chandrababu Naidu is dealing with tensions between bureaucrats and party leaders, highlighted by GV Reddy's resignation due to conflicts with APSFL MD K Dinesh Kumar. In response, Naidu reassigned Kumar to the General Administration Department. Meanwhile, BJP headquarters are quiet as they await a new party president.
Buy HG Infra Engineering, target price Rs 0.17: Axis Securities
Axis Securities recommends buying HG Infra Engineering, setting a target price at Rs 0.17. With a current market price of Rs 1084.9, the company's order book stands at Rs 15,080 crore. Significant government projects ensure revenue visibility for the next few years. Revenue diversification into Railways and Solar sectors augurs a projected 15% CAGR growth over FY24-26E.
Former Jindal Steel CEO Mr. Dinesh Kumar Saraogi leverages extensive expertise for his steel consultancy
Dinesh Kumar Saraogi, former CEO of Jindal Steel and Power, is celebrated by top steel industry leaders in India for his consultancy work. With 43 years of experience, his firm enhances plant efficiency and helps clients overcome challenges. Saraogi's expertise and supportive nature have significantly impacted the industry's growth, earning him widespread acclaim.
After over 6-year jail, Michel James gets bail from SC in CBI case
The Supreme Court granted bail to Christian Michel James in the AgustaWestland case, noting his six-year custody period and the ongoing investigation. Michel remains in jail pending bail in a related Enforcement Directorate case. The trial court will determine the bail conditions.
What does a rate cut after 5 years mean for the economy? Dinesh Kumar Khara explains
Dinesh Kumar Khara emphasizes that the adoption of the repo rate as an external benchmark by banks will ensure quick transmission of policy rate changes into loan rates. However, deposit rates adjustments might lag. He highlights the importance of market liquidity and other measures announced by RBI to support economic growth and address short-term liquidity concerns.
SBI will grow but not at the cost of profitability; aspires to generate Rs 1 trillion PAT: Dinesh Kumar Khara
SBI Chairman Dinesh Kumar Khara highlighted the bank's balance of stakeholder interests and profitability. He expressed satisfaction with their current growth and future goals, including a profit target of one trillion after tax. Khara addressed the rise in loan loss provisions and emphasized continued focus on corporate credit growth and loan book expansion.
Woman alleges molestation by senior Jindal Steel executive on international flight
A female passenger accused a senior executive from Jindal Steel group, Dinesh Kumar Saraogi, of molestation on a flight from Kolkata to Abu Dhabi. The incident led to the woman being relocated by the Etihad Airways team to another seat for safety. Netizens expressed support and solidarity towards the victim.
SBI can have 15% credit growth if GDP grows at about 8%: Dinesh Kumar Khara
Dinesh Kumar Khara of SBI plans to maintain deposit rates and improve advances yield. SBI sees credit availment rise due to capacity utilization. Khara evaluates RBI guidelines, aims to sustain NIMs, ROA, and ROE.
We would like to maintain gold standard of asset quality in SBI; improve upon where we left in 2023: Dinesh Kumar Khara
Dinesh Kumar Khara says: “Normally we have been seeing that we are growing about 1% to 2% more than what the growth rate in the GDP is nominal growth rate. I expect that around 14-15% growth is something which we expect within the bank. We are on track for that and hopefully we will get to see these growth numbers at the end of the financial year too.”
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