Yes Bank net profit doubles to Rs 452 crore in Jan-March quarter
Mumbai, April 27 - Yes Bank on Saturday reported a more than two-fold jump in net profit to Rs 452 crore for the January-March quarter of the financial year 2023-24, compared to Rs 202.43 crore in the same quarter of 2022-23.
RBI issues draft guidelines on digital lending to give borrowers a better deal
Mumbai, April 26 - The RBI on Friday released draft guidelines on digital lending to ensure transparency in the aggregation of loan products from multiple lenders by lending service providers (LSP) so that borrowers get prior knowledge about all credit offers that are
India’s forex reserves dip by $2.83 billion to $640.3 billion
Mumbai, April 26 - India's forex reserves contracted by $2.83 billion to $640.33 billion as of April 19, the latest data released by the RBI on Friday showed.
RBI issues FAQs on default loss guarantee in digital lending
Mumbai, April 26 - The Reserve Bank of India (RBI) on Friday issued frequently asked questions (FAQs) to provide more clarity on its guidelines for default loss guarantee (DLG) in digital lending, which were first issued in June 2023.
Maruti Suzuki posts 48 pc jump in Q4 net profit
New Delhi, April 26 - The country’s leading carmaker Maruti Suzuki India Ltd on Friday reported a 48 per cent jump in net profit to Rs 3,878 crore for the January-March quarter of 2023-24 compared to the same quarter of 2022-23.
Govt working on setting up Maritime Development Fund akin to Power Finance Corp, REC
New Delhi, April 26 - Ministry of Ports, Shipping and Waterways (MoPSW) is actively working on establishing a dedicated Maritime Development Fund akin to established sectoral financial institutions such as Power Finance Corporation, REC and IRFC, a senior ministry official has confirmed.
Sensex extends losses to more than 500 points
New Delhi, April 26 - BSE Sensex extended losses to more than 500 points on Friday amid selling in financials.
Tech Mahindra shares jump more than 8 per cent on turnaround strategy
New Delhi, April 26 - Heavyweight IT stock Tech Mahindra jumped more than 8 per cent on Friday on its new growth strategy.
RBI issues alert against prepaid payment instruments by illegal entities
Mumbai, April 25 - The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities.
CBDT extends deadline for filing Form 10A/10AB by taxpayers to June 30
New Delhi, April 25 - The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing Form 10A/Form 10AB by trusts, institutions, and funds under the Income-tax Act till June 30, 2024.
SJVN inaugurates India’s first multipurpose Green Hydrogen pilot project
New Delhi, April 25 - Power major SJVN Ltd has achieved a significant milestone with the inauguration of India's first multipurpose Green Hydrogen Pilot Project at its 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Himachal Pradesh’s Jhakri, the Ministry of Power
Nifty closes above 22,550, Sensex up 487 pts on another day of gains
Mumbai, April 25 - The Nifty rose for the fifth consecutive session even as the volatility index inched up on Thursday, while the Sensex also made gains of over 480 points.
Widening of conflict in Middle East could impact India macros
New Delhi, April 25 - A sustained flare-up in geopolitical tensions in the Middle East, and the consequent increase in crude oil prices, would negatively impact Indian macros, ratings agency ICRA said on Thursday.
Adani Group’s ACC Limited logs highest-ever annualised PAT at Rs 2,337 crore in FY24
Ahmedabad, April 25 - ACC Limited, a subsidiary of Ambuja Cements, on Thursday announced lifetime high annualised profit after tax (PAT) at Rs 2,337 crore in FY24, up a staggering 378 per cent (year-on-year).
Kotak Bank goes into damage-control mode after RBI ban
Mumbai, April 25 - The top management of Kotak Mahindra Bank has gone into damage-control mode after RBI barred the lender on Wednesday from taking new customers online and issuing fresh credit cards with immediate effect.
RBI crackdown triggers crash in Kotak Bank shares
Mumbai, April 25 - Shares of Kotak Mahindra Bank crashed by as much as 12 per cent in morning trade on Thursday to Rs 1,620 on BSE as investors dumped the stock following the RBI crackdown on the lender.
Kotak Bank promoter donated electoral bonds worth Rs 60 cr, but RBI cracks down on lender to protect customers
New Delhi, April 24 - Infina Finance, one of the promoter group entities of Kotak Mahindra Bank which was barred by the RBI on Wednesday from onboarding new customers, had donated electoral bonds worth Rs 60 crore to the BJP.
Axis Bank clocks net profit of Rs 7,130 crore for Jan-March quarter
Mumbai, April 24 - Axis Bank on Wednesday reported a net profit of Rs 7,130 crore for the January-March quarter of 2023-24 compared to a loss of Rs 5,762 crore in the same quarter last year after it acquired Citi Bank's consumer business
RBI issues red alert on illegal entities in forex market
Mumbai, April 24 - The Reserve Bank of India (RBI) on Wednesday issued an alert against unauthorised entities offering foreign exchange (forex) trading facilities to Indian residents with promises of exorbitant returns.
REC okays Rs 1,869 crore loan for Kiru hydro project in J&K
Gurugram, April 24 - REC Limited, a Maharatna public sector company and a leading NBFC, has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) for providing a term loan of Rs 1,869.26 crore.