SBI Cards Q3 FY24 PAT grows 8% YoY to Rs 549 cr
Jan 27, 2024, at 09:00 am
Mumbai: SBI Cards experienced a substantial 30% YoY increase in total revenue, reaching Rs 4,742 crore in Q3 FY24, up from Rs 3,656 crore in Q3 FY23.
Punjab National Bank logs 253 jump in net profit in Q3FY24
Jan 27, 2024, at 07:49 am
New Delhi: Public sector Punjab National Bank (PNB) on Thursday reported a 253.41% jump in net profit at Rs 2,223 crore for the October-December quarter (Q3) of the current financial year 2023-24.
UK's antitrust watchdog probes Vodafone-Hutchison merger
Jan 27, 2024, at 07:33 am
London: The antitrust watchdog in Britain has started an investigation into the $19 billion merger between Vodafone's UK operation and CK Hutchison's Three UK, examining whether the deal could negatively impact competition, media reports said.
Young Liu, CEO of Taiwanese electronics firm Foxconn, bestowed with Padma Bhushan
Jan 27, 2024, at 06:53 am
New Delhi: In a notable acknowledgment of his distinguished contributions to the tread and industry sector, Young Liu, the Chief Executive Officer and Chairman of Foxconn, the Taiwanese multinational electronics contract manufacturer, has been honoured with the prestigious Padma Bhushan award.
Airbus and Tata Group ink deal to manufacture H125 single-engine helicopters
Jan 27, 2024, at 06:20 am
New Delhi: Airbus and the Tata Group have inked a deal to manufacture the H125 single-engine helicopters from the European aircraft maker and establish a Final Assembly Line (FAL) for commercial purposes in Vadodara, Gujarat.
Nirmala Sitharaman to match Morarji Desai's record when she presents sixth straight budget on Feb 1
Jan 27, 2024, at 06:01 am
New Delhi: Finance Minister Nirmala Sitharaman is all set to match the record of former Prime Minister Morarji Desai when she presents her sixth straight budget on February 1.
Ola founder Bhavish Aggarwal's AI start-up Krutrim becomes India's first AI unicorn
Jan 27, 2024, at 03:40 am
Bengaluru: Artificial intelligence (AI) startup Krutrim, founded by Ola founder Bhavish Aggarwal, has attained unicorn status by securing $50 million in funding from investors, including Matrix Partners India.
Jan 26, 2024, at 02:55 am
Mumbai: SBI Life Insurance reported a New Business Premium of Rs 26,000 crores for the period ended on December 31, 2023 vis-a-vis Rs 21,512 crores for the period ended December 31, 2022.
Jan 26, 2024, at 01:05 am
Adani Group chairman Gautam Adani has said that his conglomerate has "emerged stronger" as he reflected on the Hindenburg episode.
Customary halwa ceremony held to mark final stage of budget preparation
Jan 26, 2024, at 12:25 am
New Delhi: The Central government organised the customary halwa ceremony on Wednesday, which marks the final stage of the budget preparation process for the Interim Union Budget 2024.
JSW Steel USA to enhance slab casting infra at Ohio Plant in partnership with Primetals Technologies
Jan 25, 2024, at 07:12 pm
Primetals Technologies and JSW Steel USA have entered into an agreement to upgrade the slab casting infrastructure at its Mingo Junction, Ohio, plant, a press release said.
Canara Bank Q3FY24: Net profit grows 27% to Rs 3,656 cr; NII stands at Rs 9,417 cr
Jan 25, 2024, at 06:58 pm
Bengaluru: State-owned lender Canara Bank announced a net profit of Rs 3,656 crore for the October-December quarter of the fiscal year 2023-24, an increase of 26.87 percent compared to the Rs 2,881.52 crore reported in the corresponding period of the previous year.
Sensex down by over 500 points
Jan 25, 2024, at 04:41 pm
Mumbai/UNI: The BSE Sensex on Thursday dropped 570 points to 70,486.59 in early trade-on-profit booking by local operators.
Republic Day sales 18.7% higher than last year
Jan 25, 2024, at 09:49 am
New Delhi: E-commerce order item volume increased by 18.7%, during the Republic Day sale in 2024, as compared to last year's sale period. Unicommerce, according to an analysis.
Tata Steel opens fully automated construction service centre
Jan 25, 2024, at 08:26 am
Vijayawada/UNI: Tata Steel inaugurated its third fully automated construction service centre here on Wednesday in Andhra Pradesh to offer customized reinforcement products and solutions to India’s booming construction industry.,
Tata Steel reports net profit of Rs 522 cr in Q3FY24
Jan 25, 2024, at 06:21 am
Mumbai: Tata Steel Wednesday reported a consolidated net profit of Rs 522.14 crore for the October-December quarter, exhibiting a positive turnaround from a net loss of Rs 2,501.95 crore in the same period the previous year.
Govt allows direct listing of shares of Indian firms on GIFT City's exchanges
Jan 25, 2024, at 06:15 am
New Delhi: The government on Wednesday officially announced the direct listing of shares for Indian companies on the exchanges at GIFT City.
Cabinet approves funds for coal gasification projects worth Rs. 8,500 crores
Jan 25, 2024, at 06:07 am
New Delhi/UNI: The Union Cabinet Wednesday approved the scheme for the promotion of coal gasification projects by state-owned companies and the private sector, with an outlay of Rs 8,500 crore towards incentives for the same under three categories.
Failed ZEEL-Sony merger drains Rs 3,130 crore from MFs, insurers
Jan 25, 2024, at 04:57 am
Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.
ZEEL approaches NCLT seeking implementation of merger deal with Sony
Jan 25, 2024, at 04:21 am
Mumbai: Zee Entertainment Enterprises Ltd on Wednesday took legal actions by filing petitions with the National Company Law Tribunal in Mumbai and initiating proceedings at the Singapore International Arbitration Centre after Sony's termination of a $10-billion merger deal, media reports said.
SoftBank offloads 2% stake in Paytm for Rs 980 cr
Jan 25, 2024, at 03:20 am
Mumbai: Japanese investor SoftBank divested a 2% stake in One 97 Communications, the parent company of fintech firm Paytm.
Nirmala Sitharaman participates in pre-budget halwa ceremony
Jan 25, 2024, at 03:05 am
The traditional 'halwa ceremony', marking the final stage in the preparation ahead of the interim Union Budget 2024 presentation, was held on Wednesday evening at the Union Finance Ministry headquarters at North Block in Delhi.
Gainwell Group acquires TIL Limited
Jan 24, 2024, at 11:47 pm
Gainwell Group, through its group entity- Indocrest Defence Solutions Private Limited (IDSPL), on Wednesday acquired a dominant stake in infra equipment manufacturer TIL (formerly Tractors India) Limited.
CCI approves JSW's acquisition of up to 38 pct stake in MG Motor India
Jan 24, 2024, at 11:46 pm
The Competition Commission of India (CCI) has approved the acquisition of up to approximately 38 percent of the share capital of MG Motor India Private Limited by JSW Ventures Singapore Pte. Limited.
CCI approves merger of Fincare and AU Small Finance Bank Limited
Jan 24, 2024, at 11:42 pm
The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank Limited (Fincare) and AU Small Finance Bank Limited (AU).
Indian Overseas Bank registers 30.27 pct year-on-year rise in net profit
Jan 24, 2024, at 11:39 pm
Public sector Indian Overseas Bank on Wednesday reported 30.27% year-on-year rise in net profit at Rs 723 crore for October-December quarter (Q3) of the current financial year 2023-24.
Axis Bank net profit rises 4% YoY to Rs 6,071 cr in Q3FY24
Jan 24, 2024, at 06:31 am
New Delhi/UNI: Private sector lender Axis Bank on Tuesday reported a 4% year-on-year rise in profit at Rs 6,071 crores for the October-December quarter (Q3) of the current financial year 2023-24.
Centre to implement over 200 projects in 5 years under Parvatmala Pariyojana: Gadkari
Jan 24, 2024, at 06:21 am
New Delhi: The Central government has planned to implement over 200 projects worth Rs 1.25 lakh crore in the next five years under its National Ropeways Development Programme ‘Parvatmala Pariyojana’, Road Transport and Highways Minister Nitin Gadkari said on Tuesday.
Oxford University cancels contract with TCS iON over 'technical issues': Report
Jan 24, 2024, at 06:00 am
Oxford (UK): The University of Oxford terminated its agreement with Tata Consultancy Services iON, media reports said.
IHCL signs its third hotel in the holy town Ayodhya
Jan 24, 2024, at 05:38 am
Mumbai: Tata Group-owned Indian Hotels Company (IHCL) Tuesday announced the signing of a third hotel in Ayodhya, Uttar Pradesh, the company said in a press release.