Stock market opens in red, Kotak Mahindra Bank shares plunge 10% on RBI curbs
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
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
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
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.
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
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: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
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
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
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.
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.