Companies & Sectors
Housing finance companies may see higher interest margin in H2: report

Higher asset re-pricing during second half of FY13 along with stable borrowing costs are likely to drive a rebound in spreads from the September quarter, says a research report


Mumbai: Housing finance and power finance companies are likely to have better time going ahead while finance companies engaged in the retail sector may see moderation in demand growth, reports PTI quoting a research report by Avendus Securities.

 

Housing finance companies may see higher net interest margin (NIM) during the second half of the current financial year on the back of higher asset re-pricing coupled with stable borrowing cost, the report said.

 

"Higher asset re-pricing during H2 of FY13 along with stable borrowing costs are likely to drive a rebound in spreads from the September quarter," the report said.

 

The NIM of major housing finance companies like HDFC and LIC Housing Finance had witnessed a drop of 0.4% and 0.36%, respectively on sequential basis (June quarter over March quarter) due to higher cost of funds.

 

The report also said that business momentum for the housing finance companies would remain strong.

User

India orders blocking of over 230 Internet pages, user-accounts for spreading hate

All these sites, including Facebook, Google and Twitter were found hosting inflammatory and hateful content, spreading rumours and inciting violence targeting the people from north-east

New Delhi: Stepping up its drive against 'erring' portals, government of India has ordered blocking of more than 250 websites in which morphed images and videos were uploaded to incite Muslims leading to exodus of people belonging to the northeast from Karnataka and some other states, reports PTI.

Home ministry officials said more than 130 websites have been blocked till now while the rest will be blocked shortly. "We are planning to block some more sites," an official said.

Government is also contemplating to take up the CERT-In (Computer Emergency Response Team-India) findings at the international forum as it has turned out to be the biggest instance of cyber warfare on India in recent times.

 

All these sites were found hosting inflammatory and hateful content, spreading rumours and inciting violence targeting the people from north-east, government sources said.

 

On Saturday, the government had issued instructions to block 76 Internet sites, which included web-pages and some websites, and had said that bulk of the rumours that triggered panic among people of North-eastern states in Karnataka, Tamil Nadu and Maharashtra were sourced from Pakistan.

 

"We have found inflammatory and objectionable contents on some pages of Facebook and Google. Some user-accounts at Twitter were also found spreading similar contents. All together, around 80 such pages and accounts have been ordered to be blocked today," the sources said.

 

The rumours about a possible attacks have led to mass exodus of people from northeast from many places including Bangalore, Chennai, Mumbai and Pune.

 

India's Home Minister Sushil Kumar Shinde on Sunday asked his Pakistani counterpart Rehman Malik to crackdown on elements based in that country that were using social media networking sites to whip up communal sentiments and spreading hate in India.

 

According to a report prepared by the Home Ministry, a Pakistan-based hardliners group is suspected to have been involved in doctoring images and spreading them across social networking sites to create panic among people of north-eastern region living across India.

 

Most of the online content started getting posted from 13th July and fake profiles were created for spreading morphed pictures, according to a Home Ministry report prepared in the wake of mass exodus of people belonging to the north east from Bangalore, Pune, Chennai and Mumbai following rumours about possible attack on them.

User

COMMENTS

shibin

5 years ago

Any blocked websites either by government or Internet service provider can be accessed through
proxy servers.Indian ISPs filtering have not been entirely effective because blocked content will be quickly migrated
to other Web sites and users will find ways to circumvent filtering. And i deeply feel ashamed of our government because
of their poor understanding of internet technology!!

Pakistan suspends mobile services to stop possible attacks

Millions of people in Lahore, Multan, Karachi and Quetta were unable to use their mobile phones since 8pm last night as cellular operators suspended all services on the directions of the Interior Ministry

 
Islamabad: Against the backdrop of intelligence reports about possible terror attacks during the Eid holidays, cellular services have been suspended in four major Pakistani cities, including Lahore and Karachi, to prevent bombings triggered by mobile phones, reports PTI.
 
Millions of people in Lahore, Multan, Karachi and Quetta were unable to use their mobile phones since 8pm last night as cellular operators suspended all services in most parts of these cities on the directions of the Interior Ministry.
 
After being briefly restored in parts of the cities early this morning, cellular services were again suspended between 7am and 10am as special prayers for Eid-ul-Fitr were held across the country.
 
Residents of Lahore and Karachi said services were restored in some parts of the cities at around 10am.
 
The move was criticised by people across Pakistan, who said they were unable to wish friends and relatives on the occasion of Eid.
 
Many Pakistanis took to social networking sites to criticise Interior Minister Rehman Malik and the suspension of mobile services, saying people would be unable to contact police or rescue services in any emergency.
 
"We have done it to stop bombings using mobile phones," Malik told reporters when he made a surprise inspection of security at a market in Islamabad late last night.
 
He said the Interior Ministry had made arrangements to suspend cellular services in Islamabad too in the event of any emergency.
 
"The objective of the Pakistan government is to save lives. There will be some inconvenience due to the lack of mobile services but I will request the people to bear with it," he said.
 
The decision to suspend cellular services was made following intelligence reports of possible terror attacks during the Eid holidays, Malik said.
 
"There have been instances of mobile phones being used as detonators in bomb attacks," he said.
 
Referring to the terrorist attack on the Kamra airbase, a bombing in Karachi and a suicide attack on security personnel in Quetta over the past few days, Malik claimed some elements had drawn up a "blueprint to destabilise Pakistan."
 
Nine terrorists and two security personnel were killed in the attack on the Kamra airbase and seven persons were killed in the strikes in Karachi and Quetta.
 
Malik claimed the investigation into the attack on the airbase was on in "full swing" and the attackers had been identified.
 
He said some persons had been arrested but refused to give details on the grounds that this could affect the probe.
 
Though the Tehrik-e-Taliban Pakistan had claimed responsibility for the attack on the Kamra airbase, Malik said he would accept this only if the outfit's chief Hakimullah Mehsud came forward and acknowledged the group's role.
 
Malik pointed out that all major terrorist attacks, including the 2007 assassination of former premier Benazir Bhutto, had been traced back to North and South Waziristan.
 
Punjabi militants, members of banned organisations and foreign fighters were based in Waziristan, he said.
 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)