India’s export of premium-quality basmati rice up 22% till Feb 2024
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
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.
SBI Cards Q4FY24 net profit grows 11% YoY to Rs 662.37 cr
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
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
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
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
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
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
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.