Here’s the guidance on purchasing it.

The price of the iPhone 15 has been significantly reduced, and it is now available in India for less than ₹65,000.

 To purchase the device at this price, customers can take advantage of discounts offered by HDFC bank and various other banks, bringing the effective price down to ₹64,999. 

Additionally, customers can further reduce the cost by trading in their old devices through Flipkart’s ‘Buy with Exchange’ option, with discounts of up to ₹54,990 available depending on the condition and model of the phone.

 The iPhone 15 offers a new Dynamic Island technology, a 6.1-inch display with high brightness, an enhanced camera system, and features like Smart HDR and automated Portrait photo capture.

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 This increase applies to private banks, small finance banks, payment banks, and wholly owned subsidiaries of foreign banks.

 The RBI made this revision in recognition of the important role that non-executive directors play in the efficient functioning of bank boards and their committees.

 The aim is to attract qualified individuals to serve on the boards of these banks. 

The banks must have criteria in place for determining fixed remuneration for non-executive directors, with the approval of the board. 

The board may choose to set a lower amount within the maximum limit based on factors such as the size of the bank and the experience of the directors.

 Private banks must also obtain regulatory approval for the remuneration of part-time chairmen.

 Banks are required to disclose the remuneration paid to directors annually in their financial statements.

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According to a report from the Economic Times, Paytm’s parent company, One97 Communications Limited, is negotiating with the National Payments Corporation of India (NPCI) to operate as a third-party app (TPAP) for the Unified Payments Interface (UPI) system. 

This move comes after Paytm Payments Bank Limited (PPBL) was restricted by the Reserve Bank of India (RBI) from accepting customer deposits after February 29.

 As a result, Paytm plans to partner with three or more banks to issue new virtual payment addresses (VPAs) to its customers. 

Currently, Paytm’s UPI payments use VPAs ending in ‘@paytm’, but after March 1, these VPAs may be changed to a different bank’s handle. 

Paytm is not the first TPAP to operate on UPI, as there are already 22 others, including Amazon Pay, Google Pay, and PhonePe, in addition to several banks that support multiple fintechs.

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JP Morgan analysts predict that the stock market will experience a decline of 20-30% from its peak in 2024.

They warn of volatility and high risks in the market this year and highlight reasons such as economic recession and a steep yield curve for this anticipated decline.

 They also caution that large caps may reach inflated values and note the historically low yield spreads despite interest rate hikes.

 Despite this outlook, investing in small caps may be favorable.

 ICICI Direct predicts a significant spike in the Indian stock market due to the 2024 elections and advises investors to embrace market dips during February-March.

 They also expect the outperformance of PSU Bank stocks and suggest keeping an eye on IT stocks.

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Previously, the company allocated around 4% to 5% of its annual revenue for capex, which amounted to Rs 471 crore in FY23 (with annual revenue at Rs 5809 crore).

Indian Hotels Company (IHCL), one of India’s largest hotel operators, has earmarked a capital expenditure (capex) of Rs 750-800 crore for FY25, significantly higher than its typical annual spend, as it looks to spend on greenfield properties.

Giridhar Sanjeevi, executive vice president and CFO, IHCL, said in a post earning call, “For capex for the next year, our guiding principle is that as far as renovation is concerned, we will be in line with our requisition numbers and our greenfields on top. Between the two, it will probably be in the range of around Rs 750 to Rs 800 crore.”

New greenfield properties of the company are coming up at Lakshadweep and Ekta Nagar, Gujarat (near the Statue of Unity). Besides, it is relaunching Taj Malabar, Cochin and also opening the Taj Cochin International Airport.

While the Tata group company historically incurred capex spends between 4% to 5% of its annual revenue (FY23 revenue stood at Rs 5809 crore), its FY23 capex went up to Rs 471 crore. During the first nine months of the year, IHCL incurred a capex spend of Rs 470 crore.

The company, which has the Taj, Seleqtions, Vivanta and Ginger brands under it, had 200 operational properties and 85 under-development by the end of December. The company said it is on track to have 20 property openings in FY24.

Some of the key renovations the company carried out this year were those of Taj Mahal, New Delhi, Taj Lands End, Mumbai, Usha Kiran Palace, Gwalior and Tajview, Agra. Of the 85 properties that it has in the pipeline, 76% are under management contracts and the rest are owned or leased.

One of the biggest corporate decisions made by IHCL in recent months has been about its plans to introduce yet another hotel brand. The company is looking to have new, full-service hotel brands that will cater to the tier-2 and tier 3 markets. This decision comes six years after the company announced the phasing out of the Vivanta and Gateway brands. Vivanta, however, was reintroduced as ‘Vivanta by Taj’.

Puneet Chhatwal, managing director and CEO, IHCL, said, “The price point (of the new hotel brands) will be somewhere close to Vivanta. We’re looking at more like Rs 8,000-9,000 average rate positioning. So, higher than Ginger but lower than Taj, somewhere in between, but a full-service brand.”

While Vivanta is positioned as an upscale brand, IHCL has envisaged the new brands to be stylish, vibrant but not a mass market offering. “We need a brand alongside Vivanta, which will help us cater to the mass market of 400 to 500 million Indians who are not in metros but in tier-2 and tier-3 cities,” he said.

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