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.
IRDAI removes health insurance age limit, makes big changes in pre-existing disease policies
Apr 21, 2024, at 07:37 am
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
Apr 21, 2024, at 03:45 am
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
Apr 20, 2024, at 11:34 pm
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 upcoming visit to India: Reports
Apr 20, 2024, at 03:51 pm
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
Apr 20, 2024, at 07:03 am
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
Apr 20, 2024, at 06:25 am
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
Apr 20, 2024, at 05:53 am
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
Apr 20, 2024, at 05:28 am
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
Apr 20, 2024, at 04:49 am
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% YoY to Rs 2,835 cr
Apr 20, 2024, at 03:42 am
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
Apr 20, 2024, at 02:10 am
Mumbai: Jio Financial Services registered a net profit of Rs 310 crore for the January-March quarter of the fiscal year 2023-24.
Sensex jumps up 599 points ending losing streak for several sessions
Apr 19, 2024, at 10:27 pm
Ending the continuous losing streak in the past four sessions, the BSE Sensex on Friday jumped back 599.34 points to close at 73088.33 on the strength of Bankex, Metal, Financial services and Consumer Durable stocks amid weak Asian Market.
Stock market opens in the red amid reports of Israeli retaliatory strikes against Iran
Apr 19, 2024, at 03:43 pm
Mumbai/IBNS: The Indian benchmark indices opened in the red on Friday (Apr 19) as geopolitical tensions have escalated in the Middle East after Israeli missiles reportedly hit sites in Iran in a retaliatory action.
HDFC Life Q4FY24 net profit grows 14.8% YoY to Rs 411 cr
Apr 19, 2024, at 03:37 am
Mumbai: HDFC Life Insurance Thursday declared a net profit of Rs 411 crore for the January-March quarter of the fiscal year 2023-24, up 14.8 percent from the Rs 358 crore reported in the corresponding period last year.
Infosys workforce declines by 25,994 in FY24
Apr 19, 2024, at 02:57 am
Mumbai: Infosys said there has been a drop in its recruitment activities during the fourth quarter of FY24, according to its financial results declared on Thursday.
UK's Vesuvius group to invest Rs 1,000 cr in India
Apr 19, 2024, at 01:55 am
Kolkata: UK-based engineering manufacturing firm Vesuvius will invest Rs 1,000 crore in India over the next five years.
Infosys Q4FY24 net profit jumps 30% YoY to Rs 7,969 cr
Apr 19, 2024, at 01:51 am
Mumbai: India's second-largest IT services company Infosys Ltd surpassed market expectations by reporting a net profit of Rs 7,969 crore for the fourth fiscal quarter, up 30% year-on-year against Rs 6,134 crore in the same period last year. .
Indian bourses close in red amid uncertainty in West Asia; Sensex tanks 450pts, Nifty at 21,995
Apr 19, 2024, at 12:13 am
Mumbai: Indian key stock market indicators concluded the fourth consecutive session in the red under the ongoing uncertainties in West Asia and diminishing expectations of an imminent interest rate reduction by the US Federal Reserve, which dampened investor confidence in India.
Musk's Visit to India Can Be a Game-Changer for the Tech Landscape
Apr 18, 2024, at 11:54 pm
Elon Musk's upcoming visit to India on April 21-22 for Tesla and Starlink operations, and meeting with PM Narendra Modi, could turn out to be an important moment for India's tech sector.
Deepak Parekh steps down as HDFC Life's Chairman and Non-Executive Director
Apr 18, 2024, at 11:36 pm
Mumbai: Veteran banker Deepak Parekh has resigned from his positions as Chairman and Non-Executive Director of HDFC Life Insurance, the company said in an exchange filing on Thursday.
India now part of global value and supply chains, says CII chief
Apr 18, 2024, at 05:44 pm
The biggest game changer in India in the past years has been the steps taken by the government to ensure that the nation is part of the global value chains and supply chains, according to a top industry body official.
India to remain driver for global growth in the foreseeable future, says IMF Executive Director
Apr 18, 2024, at 04:13 pm
IMF Executive Director has said India will remain a driver for global growth in the foreseeable future.