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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.

Sensex jumps up 599 points ending losing streak for several sessions

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

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

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

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

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

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

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

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

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

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

IMF Executive Director has said India will remain a driver for global growth in the foreseeable future.

Stock Market opens in the green, Nifty near 22,250, Sensex up 290 points

Mumbai/IBNS: Indian benchmark indices opened on a positive note on Thursday (Apr 18) with Nifty near 22,250, shaking off the fading hopes of an early US rate cuts and geopolitical tensions in the Middle East due to the last week's Iranian attack on Israel that continued to weigh on investor sentiment.

Paytm starts migrating its users to PSP banks

Mumbai: One 97 Communications (OCL), the company that operates Paytm, has been granted permission by the National Payments Corporation of India (NPCI) to migrate its users to different banks for UPI transactions.

Premier Energies Photovoltaic Ltd secures export order from Amara Raja Infra for Bangladesh project

Kolkata: Premier Energies Photovoltaic Private Ltd, a wholly owned subsidiary of integrated solar cell and solar module manufacturer Premier Energies Limited (PEL) has secured a 140 megawatt (MW) Solar PV Modules supply export order from Amara Raja Infra Private Limited for an EPC project in Bangladesh.

Vodafone Idea raises Rs 5,400 cr from over 70 anchor investors

Mumbai: Vodafone Idea has garnered Rs 5,400 crore from 74 anchor investors, according to a statement released on Wednesday.