Reliance Jio surpasses China Mobile as world's largest mobile operator
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.
Finance
DishTV India expects to touch 30 percent market share at the end of current financial year, says CEO Manoj Dobhal
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 Q1 2024
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
Mumbai: 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
National Stock Exchange of India Ltd (NSE) on Wednesday launched futures and options contracts on the Nifty Next 50 Index today.
JPMorgan CEO praises PM Modi for doing 'unbelievable' job in India
New York/IBNS: JPMorgan Chase & Co.'s CEO, Jamie Dimon, has commended Prime Minister Narendra Modi for his “an unbelievable job in India” 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 grow 11% to Rs 13,089 cr
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.
Reserve Bank of India bans Kotak Mahindra Bank from onboarding new customers online, issuing credit cards
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
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
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
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
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
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
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
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
Mumbai: Cash-strapped Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO) has been fully subscribed, giving a much-needed push strong enough 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
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
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.
IRDA removes health insurance age limit, makes big changes in pre-existing disease policies
New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has ended the age limit, effective April 1, 2024, for buying health insurance policies, signalling a crucial change in India’s insurance sector.
Singapore orders recall of 'Everest Fish Curry Masala' over pesticide issue
The Singapore Food Agency (SFA) has issued a recall order for India’s ‘Everest Fish Curry Masala’ due to the presence of ethylene oxide, an unauthorized pesticide found over acceptable limits.
HDFC Bank's net profit up 37 percent in Q4
Private sector bank HDFC Bank announced on Saturday its net profit jumped by 37.1 percent to touch Rs 16,511.85 crore for fourth quarter (January-March) of FY2023-24.
Elon Musk postpones visit India: Reports
Tesla chief Elon Musk has postponed his scheduled visit to India, media reports said on Saturday.
Key catalysts behind Indian and global market trends: A week in retrospect
This week’s market update takes a deep dive into the dynamic landscape of both domestic and international markets, offering insights into the pulse of investor sentiment from April 13 to April 19, 2024.
Cred gets RBI's in-principle approval to operate as payment aggregator
Mumbai: Bengaluru headquartered firm Cred, a top third-party app for credit card bill settlements in India, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment app, said media reports.
India's forex reserves contract by $5.4 billion to $643.16 billion
Mumbai: India's foreign exchange reserves decreased by $5.4 billion to reach $643.16 billion as of April 12, according to the latest data released by the Reserve Bank of India (RBI) on Friday.
Ola Cabs IPO likely on the cards to raise $500 million: Report
Mumbai: Indian ride-hailing company Ola Cabs is gearing up for an Initial Public Offering (IPO) to secure $500 million with a company valuation of approximately $5 billion, media reports said.
Wipro's headcount drops 9.5% to 2,34,054 in FY24
Mumbai: India’s fourth largest Indian IT service firm Wipro Friday said it experienced a decrease in its headcount by 9.5% during fiscal year 2024.
Wipro Q4FY24: Net profit drops 8% Rs 2,835 cr
Mumbai: IT company Wipro Ltd on Friday announced a drop of 8 percent in its net profit for the fiscal fourth quarter ending March 31, 2024, amounting to Rs 2,835 crore, surpassing expectations.
Jio Financial Services Q4FY24 net profit at Rs 310 cr; NII Rs 280 cr
Mumbai: Jio Financial Services registered a net profit of Rs 310 crore for the January-March quarter of the fiscal year 2023-24.
UN chief Antonio Guterres appeals for maximum restraint in the Middle East
Recent escalations in the Middle East make it even more important to support efforts towards lasting peace between Israel and a fully independent, viable and sovereign Palestinian state, UN Secretary-General António Guterres told the Security Council on Thursday.