Spice Money's user network grows 12.67% in West Bengal in 2023
Kolkata: Rural fintech company Spice Money, a subsidiary of DiGiSPICE Technologies, has launched the Spice Money Guarantee Drive in West Bengal.
Finance
India Energy Week: PM Modi announced $67 billion investment plan
New Delhi: Prime Minister Narendra Modi announced an unprecedented investment initiative of $67 billion in the natural gas supply chain over the next 5-6 years during his address at the second edition of the India Energy Week in Goa on Tuesday.
Ministry of Corporate Affairs serves notice to BharatPe seeking evidence of its allegations against Ashneer Grover in courts
New Delhi: Fintech unicorn BharatPe has been served a notice by the Ministry of Corporate Affairs (MCA) under Section 206 of the Companies Act, asking the company to furnish details regarding legal actions taken against its founder, Ashneer Grover.
Titagarh Rail Systems Q3FY24 PAT grows 91% YoY to Rs 75.03 cr
Kolkata: Titagarh Rail Systems Ltd, formerly known as Titagarh Wagons Ltd, reported a standalone net profit of Rs 75.03 crores in the quarter ending December 31, 2023, an increase of 91% over Rs 39.22 crore in the same period of the last financial year.
Amid crisis after RBI restrictions, Paytm founder meets Nirmala Sitharaman
New Delhi: Paytm founder and CEO Vijay Shekhar Sharma on Tuesday met Finance Minister Nirmala Sitharaman amid the crisis in the company's banking arm, following Reserve Bank of India’s (RBI), media reports said, citing sources.
Govt expected to receive $2 billion in dividends from PSBs in next fiscal year
New Delhi: The public sector banks are reporting substantial profits and are likely to produce $2 billion in dividends for the next financial year, starting on April 1, media reports said.
Sensex surges 454.67 pts at closing, Nifty above 21900
The BSE Sensex on Tuesday rallied 454.67 pts to close high at 72,186.09 on the strength of Oil and Gas, IT, Telecommunications and Energy stocks.
Tech industry slashes 32000 jobs since January
Tech industries are witnessing another wave of layoffs in 2024 continuing the trend which was witnessed late last year.
A visionary stride for women-led development in India’s 2024 budget
Indian Finance Minister Nirmala Sitharaman has offered a progressive vision for the nation’s women through the interim budget which prioritized empowering women ("Nari Shakti") through entrepreneurship, making their lives easier, and ensuring their dignity.
Adani Group to invest $1.2 billion to build largest copper manufacturing plant in Gujarat's Mundra
Vadodara: Billionaire Gautam Adani-led ports-to-power conglomerate Adani Group is constructing the world's largest copper manufacturing plant in Mundra, Gujarat at an investment of $1.2 billion, media reports said.
Ola Electric to install 10,000 fast charging points by next quarter
Ola Electric has announced plans to ramp up its fast-charging network rapidly to 10,000 points by next quarter.
AI has changed skilled jobs and hiring new recruits: Nirmala Sithraman
New Delhi: Artificial Intelligence (AI) has disrupted the requirement for skilled jobs and hiring equally, apart from the current situation of global economic slowdown, Finance Minister Nirmala Sitharaman told Network18 Editor-in-Chief Rahul Joshi in an interview.
Jana Small Finance Bank IPO of Rs 570 cr
Mumbai: Jana Small Finance Bank will launch an initial public offer (IPO) on February 7.
Comparing mutual fund returns with a mutual fund calculator
Most banks and financial institutions host online mutual fund calculators on their sites to help investors calculate their mutual fund returns online. Investors can use mutual fund calculators to assess their investment strategies by checking if their expected returns match the returns calculated by the calculator.
State Bank of India Q3FY24: Net profit declines 35%YoY to Rs 9,164 cr; NII grows 4.59%
Mumbai: Public sector lender State Bank of India (SBI) reported a net profit of Rs 9,164 crores, down 35.49% year-on-year compared to Rs 14,205 crores.
Rashi Peripherals Ltd to launch Rs 6,000 million IPO on Feb 7
Tata Motors Q3FY24 net profit grows to Rs 7,100 cr
Mumbai: Tata Motors Limited (TML) reported a profit before tax improved by Rs 4,400 crore, reaching Rs 7,600 crore, and the net profit for the quarter was Rs 7,100 crore.
Govt open to divesting stake in SBI, ONGC: Nirmala Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the government is open to the concept of disinvesting equity stakes in prominent Public Sector Undertakings (PSUs), including the likes of State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC).
IndiGo Q3FY24 net profit jumps to Rs 29,981 million
Gurgaon, February 2, 2024: InterGlobe Aviation Ltd, the parent company of India's largest airline IndiGo reported a net profit of Rs 29,981 million for the quarter that ended December 2023, compared to Rs 1,418 crore in the year-ago period.
Reasons for RBI's crackdown on Paytm Payments Bank: Report
Mumbai: The Reserve Bank of India (RBI) started a major crackdown on Paytm Payments Bank, citing complete neglect by the company for regulatory standards and compliance requirements, media reports said.
Sensex, Nifty ends in green as market closes
The BSE Sensex on Friday posted huge gains of 440.33 pts to close high at 72,085.63 on the strength of oil and gas, metal, and IT stocks.
'Growth, welfarism and fiscal restraint': NSE MD on Interim Budget
The Interim Budget FY25 presented by Finance Minister Nirmala Sitharaman focused on growth, welfarism and fiscal restraint, while ensuring continuity on policies and taxation.
Bandhan Bank appoints Santosh Nair as Head – Consumer Lending & Mortgages
Kolkata: Bandhan Bank appointed Santosh Nair as Head – Consumer Lending & Mortgages, a press release said.
Ambuja Cement Q3FY24 net profit soars 123% YoY to Rs 1090 cr
Mumbai: Ambuja Cement, owned by Gautam Adani, reported a 123 percent increase in consolidated net profit for the December quarter, reaching Rs 1,089.55 crore compared to Rs 487.88 crore the previous year. This surge was attributed to price hikes and strong demand for building materials.
DIPAM Secretary explains why Budget FY25 has no fixed disinvestment target
New Delhi: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Thursday said the government has intentionally not set up a specific disinvestment target for the fiscal year 2024-25, media reports said.
Anand Mahindra praises Interim Budget, lauds Nirmala Sitharaman for high tax-GDP ratio
Mumbai: Mahindra Group Chairman Anand Mahindra took to social media to laud the Interim Budget presented by Finance Minister Nirmala Sitharaman on Thursday.
Over 95% of Rs 2,000 currency notes back in banking system: RBI
Mumbai: Over 95 percent of the Rs 2,000 currency notes in circulation as of May 19, 2023, are back in the banking system, the Reserve Bank of India (RBI) said on Thursday.
Adani Enterprises Q3FY24 net profit more than doubles to Rs 1888 cr
Mumbai: Adani Enterprises Ltd. reported a massive surge in net profit in the quarter ended December 2023 profit, more than doubling 2.3 times to Rs 1888.4 crore, driven by the success of its newer business ventures.
Interim Budget 2024-25: Govt raises Capex allocation to Rs 11.1 lakh cr
New Delhi: Finance Minister Nirmal Sitharaman announced an allocation of Rs 11.1 lakh crore as capital expenditure for the next fiscal year in the Interim Budget FY-25, emphasising the continuation of India’s focus on infrastructure development.
FM Nirmala Sitharaman presents Interim Budget 2024-25: Industry reacts
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said India's economy is undergoing a profound shift as she presented the final budget of the Narendra Modi government before the Lok Sabha polls scheduled for May. Emphasising the government's commitment, Sitharaman highlighted a focus on enhancing conditions for marginalised groups, including the poor, women, youth, and farmers, laying the groundwork for forthcoming welfare schemes in these sectors during her Budget 2024 address.