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.
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.
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.
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.
Mumbai: 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%.
National Stock Exchange of India Ltd (NSE) on Wednesday launched futures and options contracts on the Nifty Next 50 Index today.
New York/IBNS: JPMorgan Chase & Co.'s CEO, Jamie Dimon, has commended Prime Minister Narendra Modi for his “an unbelievable job in India” in India, noting that despite criticism from the liberal media in the US, Modi has successfully lifted 400 million people out of poverty.
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.
Mumbai/IBNS: The Indian benchmark indices opened in the green on Wednesday (Apr 24) following global cues.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tesla chief Elon Musk has postponed his scheduled visit to India, media reports said on Saturday.
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.
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.
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.
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.
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.
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.
