ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share
Mumbai, April 27 - The country's second-largest private sector lender ICICI Bank, on Saturday reported a 17.38 per cent increase in net profit to Rs 10,707 crore for the January-March quarter of the financial year 2023-24, compared to the corresponding figure of Rs
Touched 5 mn UPI transactions monthly after Paytm partnership: Yes Bank CEO
New Delhi, April 27 - Yes Bank saw a key growth in unified payments interface (UPI) transactions monthly -- from nearly 3.3 to 5 million -- after its partnership with Paytm, its Managing Director and CEO, Prashant Kumar, said on Saturday.
Generative AI to transform legal tech market with automation
New Delhi, April 27 - Generative AI (GenAI) has tremendous potential for bringing more automation to the global legal technology sector that is likely to reach $50 billion (in value) by 2027, albeit with some riders.
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.
WhatsApp’s new filter option will let users get list of their favourites from chats tab
New Delhi, April 27 - Meta-owned WhatsApp is reportedly testing a new feature that will offer users a dedicated "filter" to quickly get a list of their favourites from the chats tab on Android.
We need time in life to stop & smell the roses: Anand Mahindra
New Delhi, April 27 - Sharing a video showing scenic views from Kalsubai Peak (a mountain in Maharashtra), Mahindra Group Chairman Anand Mahindra on Saturday said that one should definitely take the time out of their busy schedule to enjoy or appreciate the
Will pause ad sharing for creators using bots to earn more on X: Musk
New Delhi, April 27 - Elon Musk on Saturday threatened that advertisement revenue sharing will be paused for some creators “pending investigation into use of bots to spam likes, replies and direct messages (DMs)."
Meta loses billions of dollars in quest to lead AR-VR market
New Delhi, April 27 - As Meta (formerly Facebook) continues to bet big on gaming, it has lost close to $4 billion on its augmented reality/virtual reality (AR-VR) division.
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
NDTV clocks 59 per cent revenue growth in Q4, digital traffic jumps 39 per cent
New Delhi, April 26 - The NDTV Group on Friday announced 59 per cent revenue growth in the fourth quarter (Q4) of the last financial year (FY24), compared to the same period last year.
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.
Myntra India’s Trend Index report captures nation’s tryst with latest fashions
Bengaluru, April 26 - Myntra, India's favourite fashion, beauty, and lifestyle destination, on Friday launched the very first edition of the ‘Myntra Trend Index’, a report summarising some of the most outstanding fashion trends observed in the country, as exhibited by Myntra’s base
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.
O.P. Jindal Global University VC C. Raj Kumar addresses Japanese parliament
Tokyo, 26 April - At the invitation of the Japanese Parliamentary Committee of the World Federation, the founding Vice Chancellor of O. P. Jindal Global University (JGU), Professor (Dr) C. Raj Kumar addressed a caucus of over 20 distinguished Members of the Japanese
Global connected car sales to exceed 500 million in 2030, India to be among top nations
New Delhi, April 26 - Global connected car sales are likely to exceed 500 million in the 2024-2030 period, and about nine out of 10 such vehicles sold in 2030 will have embedded 5G capability, a report showed on Friday.
Won’t divest stake in TikTok: Chinese parent ByteDance tells US
New Delhi, April 26 - China-based internet giant ByteDance on Friday said it will not sell its stake in TikTok as directed by the US government in a new bill passed by President Joe Biden earlier this week to ban the short-video making
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.
Kia’s net profit up 32.5 pc in Q1; India sales drop due to aging models, geopolitical factors
Seoul, April 26 - Automaker Kia said on Friday that its first-quarter net profit rose 32.5 per cent (year-on-year), backed by increased sales of SUVs, minivans and hybrid models.