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Lava launches new Z-series customisable smartphones in India




Domestic smartphone maker Lava Mobiles on Thursday unveiled the world’s first customisable smartphone that allows customers to choose the component.

The handsets, Lava Z1, Z2, Z4 and Z6, are aimed at the budget category with prices starting at Rs 5,499.

The Lava Z1 comes in Blue and Red colours, is priced at Rs 5,499 and will be available from, and offline stores starting from January 26.

The Lava Z2, Z4 and Z6 come in Blue and Red colours, are priced at Rs 6,999, Rs 8,999 and Rs 9,999, respectively and will be available from, and offline stores starting from January 11.

Lava has announced a customise option for their users where one can customise their smartphones through a new programme called My Z.

The My Z program will allow users to select specifications like camera, memory storage capacity and colour on their phone as per their choice on select devices only.

There is Z Up programme as well which is only valid for Z2, Z4, and Z6 smartphones. This programme will allow you to upgrade your phone with more RAM and storage for an incremental price without having to replace the phone.

Lava Z1 features 5-inch display with 480X854 pixel resolution and Corning Gorilla Glass 3 protection. It is powered by 1.8GHz Quad-Core MediaTek Helio A20 processor. The phone has 2GB RAM, 16GB internal storage and expandable memory up to 256GB with microSD.

It has a 5MP rear camera and a 5MP front-facing camera with dual-LED flash. The smartphone is powered by a 3100mAh battery and it runs on XOS 6.2 based on Android 10 Go Edition.

Lava Z2 features a 6.51-inch HD+ display with a screen resolution of 1600 x 720 pixels, 20:9 aspect ratio and Corning Gorilla Glass 3 protection. The device is powered by 2.3GHz Octa-Core MediaTek Helio G35 processor coupled with 2GB of RAM and 32GB.

The device features a dual-camera setup of 13MP primary lens and a 2MP depth sensor. For the front, there is an 8MP camera.

Lava Z4, as well as Z6 feature 6.51-inch HD+ 20:9 2.5D Curved glass display and Both, are powered by a 2.3GHz octa Core MediaTek Helio G35 processor with IMG PowerVR GE8320 GPU.

The Lava Z4 has 4GB RAM and 64GB storage while the Lava Z6 has 6GB RAM and 64GB storage.

For the camera, the Lava Z4 and Z6 sport triple camera setup with 13MP rear camera with f/1.85 aperture, LED flash, 5MP ultra-wide camera and 2MP depth sensor.

For the front, both have 16MP front camera with f/2.0 aperture, LED flash. They run Android 10 and pack 5000mAh battery.

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Cyclicals to drive Q3FY22 earnings growth: MOFSLA





Corporate earnings growth for the third quarter of FY22 is expected to be led by cyclical stocks, Motilal Oswal Financial Services (MOSFL) said in a report.

Earnings growth is anticipated to be driven by metals, oil and gas and BFSI (Banking, Financial Services and Insurance) sectors.

In its report, MOSFL said that economic recovery backed by festive demand, higher commodity prices and improvement in asset quality in financials are expected to back this trend.

“There remains a clear divergence in 3QFY22 earnings growth. Global cyclicals, such as oil and gas and metals, continue to drive aggregate earnings growth, while BFSI profits are led by improvements in asset quality and credit growth,” the report said.

“Technology is likely to continue its momentum, propelled by strong revenue growth,” it added.

The auto and cement sectors are anticipated to drag earnings down, led by poor demand and higher commodity prices.

“Consumer, healthcare, capital goods, consumer durables and specialty chemicals are predicted to report single-digit YoY profit growth. Input cost pressures continue to weigh on gross margins for cement, specialty chemicals, autos, consumer staples and durables sectors,” the report said.

The report pointed out that Asian Paints, Bharti Airtel, BPCL, IOC, Tata Steel, JSW Steel, Titan, Hindalco and ONGC have seen an upgrade in their FY22 earnings.

“Companies that have seen downgrades to their FY22E earnings are Tata Motors, Maruti Suzuki, Ultratech Cement, Hero Motors, Shree Cement, Coal India, Axis Bank and HUL,” it said.

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HDFC Bank’s Q3FY22 YoY net profit up 18.1%




 Lending major HDFC Bank on Saturday reported a year-on-year rise in net profit of 18.1 per cent for the third quarter of FY22.

The bank’s net profit increased to Rs 10,342.2 crore during the period under review over the quarter ended December 31, 2020.

Besides, the bank’s net interest income (income earned less interest expended) for the quarter under review grew by 13 per cent to Rs 18,443.5 crore from Rs 16,317.6 crore for the quarter ended December 31, 2020.

The lender’s net revenues (net interest income plus other income) increased by 12.1 per cent to Rs 26,627 crore from Rs 23,760.8 crore for the quarter ended December 31, 2020.

“Advances grew at 16.5 per cent, reaching new heights driven by relationship management, digital offering and breadth of products. Core net interest margin was at 4.1 per cent. New liability relationships added during the quarter remained at an all-time high,” HDFC Bank said in a statement.

“This continued focus on deposits helped in the maintenance of a healthy liquidity coverage ratio at 123 per cent, well above the regulatory requirement, which positions the bank favourably to capitalise on growth opportunities,” it added.

As per Q3FY22 results, provisions and contingencies for the quarter rose Rs 2,994 crore (consisting of specific loan loss provisions of Rs 1,820.6 crore and general and other provisions of Rs 1,173.4 crore) as against total provisions of Rs 3,414.1 crore for the quarter ended December 31, 2020.

“Total provisions for the current quarter included contingent provisions of approximately Rs 900 crore,” it said.

“The total credit cost ratio was at 0.94 per cent, as compared to 1.30 per cent for the quarter ending September 30, 2021 and 1.25 per cent for the quarter ending December 31, 2020,” it added.

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Lenders expected to exhibit strong Q3FY22 results




 Listed lenders in India’s equity markets are expected to report ‘optically’ strong earnings growth for Q3FY22, said HDFC Securities in a report.

Accordingly, the brokerage house expects its coverage universe of 23 lenders to report 51 per cent YoY growth during the period under review.

This trend, the report said will come largely on the back of expected normalisation of provisions.

“The pace of collections and recoveries continues to improve, which, concurrent with normalised economic activity, is likely to moderate the stressed pool,” the report said.

“Disbursements are likely to witness healthy growth, driven by seasonal pick-up in retail loans as large corporate Capex remains elusive.”

As per the report, the revival in business momentum is likely to drive a 10.4 per cent YoY loan growth for the brokerage house’s coverage universe, with large private banks and large NBFCs (BAF) continuing to clock market share gains.

“The third wave of the pandemic is unlikely to impact Q3 earnings except in underlying sectors like travel and tourism that are already under stress.”

“However, we expect most lenders to maintain a surplus provisioning buffer for potential asset quality issues. We tweak our FY22E-FY24E forecasts for select lenders to factor in lower credit growth and marginally higher credit costs.”

Besides, HDFC Securities continue to prefer large banks with strong balance sheets and formidable deposit franchises.

Furthermore, it cited that business momentum continues to gather pace.

“In a quarter relatively unaffected by the pandemic and near-normal resumption of economic activity, we expect to see strong sequential growth in disbursements, particularly in retail and SME segments, riding on seasonal and pent- up demand.”

“Provisional filings suggest that banks within our coverage universe continue to gain market share as reflected in loan growth at 12 per cent YoY compared to system-wide YoY credit growth at 7 per cent.”

At present, the brokerage house has 23 lenders in its coverage universe including ICICI Bank, SBI, Bajaj Finance, SBI Cards, and Axis Bank.

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