KredX starts operations at GIFT IFSC: Aims for US$ 200 Million in Export Financing this year
KredX, one of the largest supply chain finance platforms, has received the final approval from International Financial Services Centres Auth...
India's GDP grows by 7.2% in FY23: Govt data
India's gross domestic product(GDP) grew by 7.2 per cent in 2022-23 against 9.1 per cent expansion in previous fiscal, as per the govern...
Centre's fiscal deficit for 2022-23 at 6.4 pc of GDP: CGA data
The fiscal deficit for 2022-23 worked out to be 6.4 per cent of the gross domestic product (GDP), as it was projected by the finance ministr...
Deloitte flags Adani Port transactions citing lack of review
Auditor Deloitte Haskins & Sells has issued a qualified opinion on Adani Ports & Special Economic Zone Ltd’s accounts due to insuffi...
Govt mulls cutting solar panel import tax to make up domestic shortfall
India is contemplating halving the import tax on solar panels to 20% and rolling back the goods and services tax on the devices from 12% to ...
Go First now cancels all scheduled flights till June 4
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P-notes investment hits 4-month high of Rs 95,911 crore in April
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Currency in circulation rose in value, volume during 2022-23: RBI
The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with 9...
India's growth momentum likely to be sustained in 2023-24: RBI
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in...
Markets jump in early trade; Sensex reclaims 63,000-mark
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Angel tax: Startups await clarity on 'missed targets'
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Plan change: ICICI Bank to hike stake in ICICI Lombard
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14 nations clinch deal to boost supply chains, counter China
The supply chain pillar is aimed at ensuring that the countries, which are part of IPEF, co-operate to deal with situations, such as, shorta...
Passengers of Air India's Pune flight reach Delhi after 24 hours
The Air India flight (AI-850) was supposed to take off from Pune at 6.50pm and land in Delhi by 9.05pm. Muqaddas Ansari, a flyer who reached...
Sun Pharma to acquire Taro's 100% stake in all-cash
In the all cash deal, Sun Pharma will acquire the shares at a price of US $38 per ordinary share, which will be payable in full at the close...
Higher tax outgo pulls Aurobindo's Q4 net profit down 12%
Impacted by higher tax outgo, pharma major Aurobindo Pharma’s posted a 12% drop in consolidated net profit for the fourth quarter ended Marc...
Sun Pharma Q4 net profit clocks Rs 1,984 cr; dividend of Rs 4 per share approved
Homegrown pharma major, Sun Pharmaceuticals Limited on Friday announced that its consolidated net profit grew to Rs 1,984 crore in the fourt...
Sebi to issue mutual fund light regulations for passive funds
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India's forex reserves snap three-week rise, ease from near 1-year high
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Equity markets rally for 2nd day; Sensex jumps 1%
Equity benchmark indices extended their previous day's rally on Friday, with the Sensex climbing 1 per cent, amid buying in index major ...
Go First cancels all flights till May 28, citing operational reasons
Budget airline Go First has cancelled all its flights till May 28, citing operational reasons. Earlier, the airlines had cancelled flights t...
IT stocks, Reliance boost sensex, Nifty to 5-month high
Indian shares rallied on Friday, with the Nifty 50 surging to a five-month high, led by IT stocks and a surge in Reliance Industries. Both N...
India, EU to work on rules, standards for tech industry
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Vodafone Idea Q4 net loss narrows to Rs 6,419 crore in FY23
Debt-ridden Vodafone Idea on Thursday said its consolidated net loss narrowed to Rs 6,418.9 crore in the fourth quarter ended March 2023. Th...
Markets bounce back from intra-day lows; settle higher on fag-end buying
Equity benchmark indices bounced back from intra-day lows to settle in the positive territory on Thursday helped by fag-end buying. In a vol...
'Ola Electric aims for IPO by 2023-end, hires Goldman, Kotak'
Ola Electric, an electric scooter producer and backed by investors including SoftBank and Tiger Global Management, plans to launch an initia...
HDFC-HDFC Bank merger in 4-5 weeks; bank's margin to drop, say analysts
The merger between HDFC and HDFC Bank is expected to occur within the next 4-5 weeks, resulting in a lower net interest margin (NIM) for the...
Rescheduling and delays of SpiceJet flights a concern for flyers
A SpiceJet flight from Delhi to Pune (SG185) was delayed by over 7 hours frustrating many passengers on Wednesday. https://ift.tt/pfNcqKx
Facebook owner Meta starts final round of layoffs
Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday, according to a source familiar with th...
Stock markets halt three-day gaining streak on profit-taking in financials metal shares
Benchmark indices Sensex and Nifty closed lower on Wednesday, snapping their three-day gaining streak following profit-taking in financials,...
India’s economy is buzzing but weaker exports could be a drag
India's economy has shown signs of strengthening, with record tax collections and a booming services sector pushing the index measuring ...
Infosys founder Narayana Murthy to double private firm’s investments
Catamaran Ventures, the money manager of Narayana Murthy, is set to double its $1bn in investment over the next five years. The firm will ra...
'Withdrawal of Rs 2,000 notes a non-event as India's digital payments ecosystem robust'
The withdrawal of Rs 2,000 banknotes is likely to be a non-event as India has adopted digital payments on a mass scale, said SBI Research in...
India GDP crosses $3.5 trillion in 2022; bureaucracy could slow pace of investment: Moody's
Moody’s has reported that India’s GDP has crossed $3.5tn in 2022, making it the fastest-growing G20 economy over the next few years. However...
Gautam Adani stocks lift sensex, Nifty amid caution on US debt ceiling talks
Indian shares rose on Tuesday as Adani group stocks surged, and most sectoral indexes advanced, with metals jumping by 2.59%. The top gainer...
Indian banks are set for a profit boost on Rs 2,000 notes withdrawal
Indian banks’ lending margins are set to surge with the country’s highest-value currency note being withdrawn, which is leading to an increa...
Rajiv Jain raises Adani stake by about 10% for $3.5 billion bet
Rajiv Jain's GQG Partners has increased its stake in the Adani Group by roughly 10% and plans to double down on the firm's fundraisi...
Aditya Birla Fashion reports first quarterly loss in nearly 2 years
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PhonePe bags another $100 million from General Atlantic
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Stock markets climb for 2nd day on buying in IT stocks, Reliance Industries
Benchmark equity indices Sensex and Nifty rallied for a second straight session on Monday following buying in index heavyweight IT counters ...
Adani stocks power sensex, Nifty ahead of US debt ceiling talks
Indian shares rose for a second day, with the Nifty 50 index closing 0.61% higher and the S&P BSE Sensex rising 0.38%. The metals index ...
NCLAT upholds NCLT order allowing Go First's voluntary insolvency proceedings
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld an NCLT order allowing crisis-hit Go First's voluntary insolvency r...
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