India’s export of premium-quality basmati rice up 22% till Feb 2024
Apr 27, 2024, at 06:44 am
New Delhi: India’s exports of premium-quality basmati rice saw a rise of 22 percent, reaching a total value of $5.2 billion from April 2023 to February 2024, propelled by strong demand, particularly from West Asia, a media report said.
Small Finance Banks can now apply to become universal banks under the on-tap licesning norms: RBI
Apr 27, 2024, at 05:50 am
Mumbai: The Reserve Bank of India (RBI) on Friday said that small finance banks (SFBs) meeting certain criteria can now seek approval from the regulator to transition into universal banks under the on-tap licesning norms.
Difference Between Demat and Trading Account
Apr 27, 2024, at 05:05 am
SBI Cards Q4FY24 net profit grows 11% YoY to Rs 662.37 cr
Apr 27, 2024, at 04:53 am
Mumbai: SBI Cards and Payment Services on Friday reported a net profit increase of 11.05 percent to Rs 662.37 crore in the March quarter of the financial year (FY) 2023-24, up from Rs 596.47 crore recorded in the corresponding period last year.
RBI issues new norms for LSPs to facilitate informed decisions by borrowers
Apr 27, 2024, at 04:45 am
Mumbai: The Reserve Bank of India (RBI) on Friday said that lending service providers (LSPs), operating as representatives of banks should disclose all available loan offers to borrowers to facilitate informed decision-making.
Stock market opens in green with Nifty near 22,600
Apr 26, 2024, at 04:28 pm
Mumbai/IBNS: The Indian benchmark indices, led by positive cues from global peers, opened in the green on Friday (Apr 26).
Vedanta Ltd Q4FY24 net profit drops 27% YoY to Rs 1,369 cr
Apr 25, 2024, at 11:30 pm
Mumbai: Vedanta Ltd, a global diversified natural resources company posted a 27 percent fall in net profit at Rs 1,369 crore for the fourth quarter of FY2023-24.
Swiggy gets shareholders' nod for $ 1.2 billion IPO
Apr 25, 2024, at 10:42 pm
New Delhi: Bengaluru-based food tech company Swiggy has obtained approval from its shareholders for its upcoming $1.2-billion initial public offering (IPO).
HUL Q4FY24 profit drops 6% YoY to Rs 2,406 cr
Apr 25, 2024, at 09:48 pm
Mumbai: Hindustan Unilever Ltd reported a 6% decrease in standalone net profit for the fiscal fourth quarter, amounting to Rs 2,406 crore compared to Rs 2,552 crore in the previous year.
Stock market opens in red, Kotak Mahindra Bank shares plunge 10% on RBI curbs
Apr 25, 2024, at 04:28 pm
Mumbai/IBNS: The Indian benchmark indices opened on a negative note on Thursday (Apr 25), following global peers down as a rout in tech stocks dragged the US benchmark indices down after disappointing forecasts by Facebook's parent Meta.
Credit card spending grows 27% YoY to Rs 18.26 trillion in FY24: RBI
Apr 25, 2024, at 07:36 am
Mumbai: Credit card spending increased by 27% year-on-year to Rs 18.26 trillion in the financial year 2023-24 (FY24), up from around Rs 14 trillion in the previous year, according to the latest data from RBI.
Mahindra Tractors crosses milestone by selling 40 lakh tractor units
Apr 25, 2024, at 07:13 am
Mumbai: Mahindra Tractors, a part of the Mahindra Group, has achieved a milestone by selling the brands 40th lakh tractor, inclusive of exports in March 2024.
Reliance Jio surpasses China Mobile as world's largest mobile operator
Apr 25, 2024, at 06:47 am
Mumbai: Reliance Jio, India's leading telecom operator, has surpassed China Mobile to become the world's largest mobile operator in data traffic consumption, media reports said.
Apr 25, 2024, at 06:39 am
A top official of DTH service provider DishTV India on Wednesday said the company aims to touch 30 percent of customer market share at the end of the current financial year.
PwC India Report: M&A deal grew by 60% to reach $19.6 billion in Q1CY 2024
Apr 25, 2024, at 06:22 am
Mumbai: The value of merger and acquisition (M&A) deals surged by 60 percent to reach USD 19.6 billion in January-March 2024, while private equity (PE) deal value experienced a slight decline, according to a report from PwC India.
DCB Bank Q4FY24: PAT grows YoY 9% to Rs 156 cr
Apr 25, 2024, at 04:26 am
Mumbai:Private sector lender DCB Bank on Wednesday reported Profit After Tax (PAT) for Q4 FY 2024 at Rs 156 crore, up from Rs 142 crore recorded in the same period of the previous fiscal year, indicating a robust growth of 9%.
NSE launches Derivatives on the Nifty Next 50 Index today
Apr 25, 2024, at 04:02 am
Mumbai/IBNS: National Stock Exchange of India Ltd (NSE) on Wednesday launched futures and options contracts on the Nifty Next 50 Index.
JPMorgan CEO praises PM Modi for doing 'unbelievable' job in India
Apr 25, 2024, at 03:38 am
New York/IBNS: JPMorgan Chase & Co.'s CEO, Jamie Dimon, has commended Prime Minister Narendra Modi for his an "unbelievable" job in India, noting that despite criticism from the liberal media in the US, Modi has successfully lifted 400 million people out of poverty.
Axis Bank Q4FY24: Net profit at Rs 7,130 crore; NII grows 11% to Rs 13,089 cr
Apr 25, 2024, at 03:15 am
Mumbai: Axis Bank posted a net profit of Rs 7,130 crore in the fourth fiscal quarter, a significant turnaround from the Rs 5,762 crore loss in the same period last year following its acquisition of Citi Bank's India consumer division.
Apr 25, 2024, at 12:19 am
The Reserve Bank of India on Wednesday (April 24, 2024) barred private lender Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect.
Stock market opens in green with Sensex 200 points up, Nifty atop 22,400
Apr 24, 2024, at 03:48 pm
Mumbai/IBNS: The Indian benchmark indices opened in the green on Wednesday (Apr 24) following global cues.
How global dynamics are fuelling gold price surges in India
Apr 24, 2024, at 08:44 am
New Delhi: Gold holds a special place among household assets in India as it has proven its value over time, offering significantly favourable returns in comparison to alternative asset categories.
TCS links variable pay to office attendance
Apr 24, 2024, at 06:48 am
Bengaluru: Tata Consultancy Services (TCS) has recently implemented a policy that ties a portion of employees' variable pay (bonus) to their office attendance, media reports said.
Govt receives 4 bids for Advanced Chemistry Cell manufacturing PLI scheme
Apr 24, 2024, at 06:13 am
New Delhi: The Ministry of Heavy Industries (MHI) has received seven bids for its Production Linked Incentives (PLI) scheme for Advanced Chemistry Cell (ACC) manufacturing.
ICICI Prudential Life Q4FY24 net profit at Rs 174 cr
Apr 24, 2024, at 05:38 am
Mumbai: ICICI Prudential Life Insurance Tuesday announced a 26% decrease in net profit, amounting to Rs 174 crore for the quarter ending March 31, 2024, down from a net profit of Rs 235 crore reported in the same period last year.
Tata Consumer Products Q4FY24 profit down by 19% YoY to Rs 217 cr
Apr 24, 2024, at 04:36 am
Mumbai: Tata Consumer Products Ltd, the company behind Tetley tea and Ching's Secret noodles, recorded a net profit (attributable to owners) of Rs 217 crore in the fourth quarter of FY24, marking a 19 percent decline from Rs 269 crore in the corresponding period last year.
PayU gets RBI's in-principle approval to operate as Payment Aggregator
Apr 24, 2024, at 03:40 am
Mumbai: After a wait of nearly 15 months, the Reserve Bank of India (RBI) has granted initial approval to PayU, a fintech firm backed by Prosus, to operate as a Payment Aggregator (PA) and resume the process of onboarding new merchants.
Vodafone Idea's successful FPO likely to end Reliance Jio and Airtel's dominance: Report
Apr 24, 2024, at 02:54 am
Mumbai: Cash-strapped Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO) has been fully subscribed, giving a much-needed push to enable the telco to compete with Reliance Jio and Bharti Airtel, media reports said.
Stock market opens in green with Nifty above 22,400, Sensex near 73,900
Apr 23, 2024, at 03:37 pm
Mumbai/IBNS: The Indian benchmark indices opened in the green on Tuesday (Apr 23), following Asian peers higher as investors' focus shifted to companies results for the quarter (Q4) ended March 31.
Stock market opens in the green with Nifty above 22,250
Apr 22, 2024, at 03:10 pm
Mumbai/IBNS: The Indian benchmark indices opened in the green on Monday (Apr 22) with Nifty above 22,250 and Sensex near 73,500, as investors shifted focus from the easing tensions between Israel and Iran to the company earnings.