Paytm announces leadership change to double down on payments & financial services offerings
New Delhi, May 4 - The One97 Communications Limited (OCL), which owns Paytm, on Saturday announced to expand its leadership team to build a large and profitable payment and financial services distribution business.
IDBI Bank registers 44 per cent jump in net profit for Jan-March quarter
Mumbai, May 4 - The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of
Kotak Bank’s Q4 net profit rises 18 pc to Rs 4,133 crore
Mumbai, May 4 - Mid-sized private sector lender Kotak Mahindra Bank on Saturday reported an 18 per cent increase in net profit to Rs 4,133 crore for the January-March quarter of 2023-24, compared with the corresponding figure of Rs 3,496 crore in the
Govt lifts ban on onion exports with price rider
New Delhi, May 4 - The Government on Saturday lifted the ban on onion exports after about half a year, according to a notification from the Directorate General of Foreign Trade (DGFT).
Adani Ports & SEZ eyes significant expansion into the Philippines
New Delhi, May 4 - Adani Ports and Special Economic Zone (APSEZ) is planning to invest significantly in the Philippines, and is looking at Bataan for its port development plan, the Philippines government has said.
Indian tech companies begin to create global impact: SAP’s Manish Prasad
New Delhi, May 4 - The last decade has transformed the IT and technology landscape in India and some of the homegrown technology enterprises, mid-market firms and startups are now creating an impact globally as well, says Manish Prasad, President and Managing Director
RBI tweaks rules to cut risk banks face in exposure to capital markets
Mumbai, May 3 - The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs).
Raymond posts 18 per cent jump in Q4 net profit at Rs 229 crore
Mumbai, May 3 - Gautam Hari Singhania-led Raymond on Friday reported an 18 per cent rise in its January-March quarter profit on the back of a strong performance in its real-estate and apparel segments.
Italy’s jobless rate falls to 7.2 pc, lowest in over 15 years
Rome, May 3 - Italy's unemployment rate decreased to the lowest level in more than 15 years in March after rising slightly in the previous month, the statistical office ISTAT reported on Friday.
Titan posts 7 per cent increase in Q4 net profit, declares dividend of Rs 11 per share
Mumbai, May 3 - Titan Company on Friday reported a standalone net profit of Rs 786 crore for the March quarter, a growth of 7 per cent from Rs 734 crore in the year-ago period.
Godrej Properties posts 14 per cent rise in Q4 net profit at Rs 471 crore
Mumbai, May 3 - Godrej Properties on Friday reported a 14 per cent growth in its consolidated net profit at Rs 471 crore for the January-March quarter of 2023-2024 compared to the corresponding figure of Rs 412 crore in the same period of
PhonePe showcases its services powered by UPI at a special event in Nepal
Kathmandu, May 3 - PhonePe India on Friday showcased its services powered by the Unified Payments Interface (UPI) platform at a special event held in Nepal.
Gold production from Indian mines surges by 86 pc in Feb, copper output up 29 pc
New Delhi, May 2 - The production of gold from Indian mines surged by 86 per cent in February this year to 255 kg while that of copper increased by 28.7 per cent to 11,000 tonnes, according to data released by the Ministry
India’s coal output rises 7.4 per cent to 73.26 million tonnes in April
New Delhi, May 2 - India's coal production increased by 7.4 per cent in April to 78.69 million tonnes compared to the corresponding figure of 73.26 million tonnes for the same month last year, the Ministry of Coal said on Thursday.
India, New Zealand to strengthen links in pharma, agriculture sectors
New Delhi, May 2 - India and New Zealand have decided to strengthen bilateral trade and collaboration in the pharma, agricultural, and processed food sectors, the Commerce and Industry Ministry said on Thursday.
Fears of complete economic meltdown rising in Pakistan
Islamabad, May 2 - Fears that Pakistan is moving towards a complete economic meltdown are rising in the country.
Mizoram reports record GST collections in April, 4 NE states see negative growth
Aizawl, May 2 - Mizoram recorded its highest proportion growth at 52 per cent in Goods & Services Tax (GST) collections in April, while four of the eight northeastern states -- Sikkim, Arunachal Pradesh, Nagaland, and Meghalaya -- registered negative growth in the
Decline in battery costs boosting green energy projects: ICRA
New Delhi, May 2 - The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, including large hydro, to 40 per cent of the all-India electricity generation by FY2030 from less than 25
India’s manufacturing sector keeps up robust growth pace in April: HSBC survey
New Delhi, May 2 - India's manufacturing sector continued to grow at a robust pace in April on the back of strong demand although it was a tad lower than the record-high that it touched in March, according to an HSBC survey released
During Covid, no hike in taxes was PM Modi’s clear message: FM Nirmala Sitharaman
New Delhi, May 1 - Finance Minister Nirmala Sitharaman on Wednesday took to X to inform that the Goods and Services (GST) collections have crossed Rs 2 lakh crore benchmark for the year, on the back of strong momentum in the economy.