Federal Bank Q4 profit rises marginally to Rs 906 crore
Federal Bank on Thursday reported a marginal rise in March quarter net profit at Rs 906 crore, impacted by pension provisions. In the year-ago period, profit was Rs 903 crore. In the full fiscal year FY24, profit increased to Rs 3,720 crore from the year-ago’s Rs 3,010 crore. The private sector...
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Digital payment has transformed financial landscape: Airtel Payments Bank CEO
03 May 2024 | PTI -
SK Finance files draft papers with Sebi to garner `2,200 crore via IPO
03 May 2024 | PTI -
India among fastest growing markets with potential to be among top 10: Airbnb CBO
03 May 2024 | PTI -
Stock markets rebound as GST revenues hit record in April
03 May 2024 | PTI -
Adani Ports Q4 net profit jumps 77 pc to Rs 2,014.77 crore
02 May 2024 | PTI -
Kotak Mahindra Bank shares decline over 4 pc; hit 52-week low
02 May 2024 | PTI -
GST collection breaches Rs 2 lakh cr-milestone; at Rs 2.10 lakh crore in April
01 May 2024 | PTI
Adani Energy Solutions' Q4 net profit falls 13 pc to Rs 381 cr
Adani Energy Solutions Ltd (AESL) on Tuesday posted a 13.26 per cent fall in its consolidated net profit to Rs 381.29 crore during the quarter ended March 2024 on account of increased expenses. Its net profit after tax was at Rs 439.60 crore in the January-March period of the preceding 2022-23...
India's gold demand up 8 pc in Jan-Mar to 136.6 tonne despite high rate
India's gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India's gold...
Patanjali Foods gets show cause notice for GST dues
Patanjali Foods has been served a show cause notice by the GST intelligence department, asking the company to explain why input tax credit worth Rs 27.46 crore should not be recovered from it. The Yoga guru Ramdev-led Patanjali Ayurved Group firm, which is mainly into the edible oil business, has received...
Rupee falls 10 paise to settle at 83.48 against US dollar
The rupee declined 10 paise to close at 83.48 (provisional) against the US dollar on Monday, as investors remained cautious ahead of the US Federal Reserve’s monetary policy decision. A robust sentiment in the domestic equity market and softening crude prices in the international market, however, cushioned the downfall in the...
Infant food formulation done on global basis, racial stereotype charges unfortunate: Nestle
Nestle India Chairman & Managing Director Suresh Narayanan on Monday asserted that the company’s infant food formulation for children below 18 months is done on a global basis and the allegation that “it is racially stereotyped is unfortunate” and untrue. Addressing reporters here, he said the amount of sugar content in...
Urja Arpan conclave organised
Tata Power Delhi Distribution Limited (Tata Power-DDL), a leading power utility supplying electricity to a populace of 7 million in North Delhi, hosted the second edition of Urja Arpan Conclave on April 24, 2024, to commemorate the World Earth Day. The conclave focused on the Demand Side Management journey of Tata...
Good growth, cloud migration, GenAI gaining traction: HCLTech CEO
HCL Technologies’ FY25 guidance of 3-5 per cent represents a “good growth” in current environment, CEO C Vijayakumar said, adding cloud migration and GenAI projects are gaining traction but financial services vertical could face ‘headwinds’. Vijayakumar told PTI in an interview that HCL Technologies (HCLTech) is keen on acquisitions in areas...
