RBI permits ICICI-Pru AMC and ICICI-Pru Life to acquire up to 9.95% stake in RBL Bank
New Delhi, Dec 28 - The Reserve Bank of India (RBI) has given its approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and ICICI Prudential Life Insurance Company Limited (I-Pru Life) to acquire “aggregate holding” of up to 9.95 per cent
Brand Tata must be recognisable across all companies: Chandrasekaran
New Delhi, Dec 28 - Brand Tata must be recognizable across all companies, Tata Sons Chairman N. Chandrasekaran's said in a letter to group employees for New Year.
Big 5 tech giants like Apple, Microsoft added $3.9 tn to their stock value this year: Report
New Delhi, Dec 28 - The Big Five tech giants Apple, Microsoft, Alphabet, Amazon and Meta collectively added a whopping $3.9 trillion to their stock value in 2023, the highest figure in the market's history, a new report revealed on Thursday.
Bad loans of banks fall to multi-year low of 0.8%: RBI report
Mumbai, Dec 27 - The net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent in September 2023, reflecting the strength of the country’s financial sector, according to the RBI’s Financial Stability report.
FB, Insta, YouTube & others collectively made $11 bn in ad revenue from youth: Study
San Francisco, Dec 28 - Social media giants like Facebook, Instagram, Snapchat, TikTok, X (formerly Twitter), and YouTube collectively made nearly $11 billion in advertising revenue from US-based users younger than 18 years of age in 2022, a new study has revealed.
RBI ups weight of SBI, HDFC Bank in too-big-to-fail list
Mumbai, Dec 28 - The Reserve Bank of India has upgraded the weightage of SBI and HDFC Bank on its list of three Domestic Systemically Important Banks (D-SIBs) for 2023 which includes ICICI Bank as well.
Ayodhya airport: A new era in airport excellence
Ayodhya (UP), Dec 29 - The Ayodhya Airport, set to be inaugurated by Prime Minister Narendra Modi on Saturday, marks a new era in Airport excellence and cultural identity, propelling India's growth story skywards.
9 out of top 15 stocks traded on NSE belong to PSU category
Mumbai, Dec 28 - Nifty ended on a record high for the fifth consecutive session on Thursday.
India’s economy is on stable high growth path backed by stronger banks: RBI
Mumbai, Dec 28 - Amidst a challenging global macroeconomic environment, the Indian economy is exhibiting “a quickening growth momentum,” with resilience and financial stability, according to the RBI’s Financial Stability report released on Thursday.
Future of Reliance belongs to Akash, Isha, Anant and their generation: Mukesh Ambani
New Delhi, Dec 28 - Mukesh Ambani, Chairman and Managing Director at Reliance Industries, has said the future of Reliance belongs to Akash, Isha, Anant and their generation.
Oil & gas stocks shine as markets hit fresh highs
Mumbai, Dec 28 - The benchmark index maintained its optimism and hit fresh highs owing to ease in Red Sea issue and reversal of FII inflows, Vinod Nair, Head of Research at Geojit Financial Services, said on Thursday.
Global PC industry sales to drop to $219.2 bn in 2024, third year of decline
New Delhi, Dec 28 - Facing a third year of decline, the global PC industry outlook for 2024 does not look optimistic and its revenue is expected to drop by $1.3 billion, pushing the total three-year loss to almost $11 billion, a report
Centre extends customs duty exemption on tur, urad dal till March 2025
New Delhi, Dec 28 - The central government has extended the customs duty exemption on tur and urad dal imports by another year, till March 31, 2025 in order to keep food inflation in check.
Ahmedabad tops list for affordable homes, Pune & Kolkata tie at 2nd spot
Mumbai Dec 28 - Ahmedabad, Pune and Kolkata are the country’s most affordable cities for home buyers while Mumbai continues to be the most expensive followed by Hyderabad, according to the latest Affordability Index report by real estate consultancy firm Knight Frank India.
Xiaomi forays into automotive sector, unveils its 1st EV
New Delhi, Dec 28 - Global technology brand Xiaomi on Thursday announced its entry into the automotive industry by unveiling its long-awaited first electric vehicle.
IIL begins work on animal vaccine manufacturing unit in Hyderabad
Hyderabad, Dec 28 - Leading biotechnology company Indian Immunologicals Limited (IIL) has started construction of its new greenfield veterinary vaccine facility at Genome Valley in Hyderabad.
Very little value in most parts of market after recent run-up in mega-cap names, says brokerage
New Delhi, Dec 28 - There is very little value in the market across the capitalisation spectrum after the recent run-up in the mega-cap. names, the last bastion of value in the market until recently, says a report by Kotak Institutional Equities.
Tesla may set up EV plant in Gujarat, Musk likely to visit India next month
New Delhi, Dec 28 - Elon Musk’s Tesla may finally end its dry run in India and announce to set up an Electric Vehicle (EV) supply system manufacturing plant in Gujarat during the ‘Vibrant Gujarat Global Summit’ next month. The announcement is likely
Sterlite Power acquires Neemrana II Kotputli Transmission from PFC
New Delhi, Dec 28 - Sterlite Power announced the acquisition of Neemrana II Kotputli Transmission Limited, a Special Purpose Vehicle (SPV) from PFC Consulting Limited (PFCCL).
NBFC’s vehicle loan AUM to vroom to Rs 8.1 lakh cr by 2025
Chennai, Dec 28 - Credit rating agency CRISIL Ratings Ltd on Thursday said the vehicle financing assets under management (AUM) of non-banking finance companies (NBFC) would rise to Rs 8,10,000 crore by March 31, 2025.