RBI issues directions on Internal Ombudsman rules for banks, NBFCs
Mumbai, Dec 29 - The Reserve Bank of India (RBI) on Friday released a master direction on the Internal Ombudsman norms for banks and big NBFCs to harmonise the instructions applicable to various regulated entities on the Internal Ombudsman (IO) mechanism.
LinkedIn ad revenue rises as advertisers leave Elon Musk’s X
San Francisco, Dec 29 - Professional networking platform LinkedIn is raking in ad revenue as Elon Musk-run X continues to lose advertising revenue.
Finance Ministry sees GDP growth comfortably surpassing 6.5% in 2023-24
New Delhi, Dec 29 - The government expects the Indian economy's GDP growth rate in 2023-24 to "comfortably" exceed its forecast of 6.5 percent despite the risks to growth and stability outlook that mainly emanate from outside the country, according to the Finance
Musk returns as world’s richest man; net worth of richest persons up $1.5 trillion
New Delhi, Dec 29 -Tesla and SpaceX CEO Elon Musk has returned as the world's richest man, recapturing the title from French luxury tycoon Bernard Arnault.
Musk returns as world’s richest man; net worth of richest persons up $1.5 trillion
New Delhi, Dec 29 - Tesla and SpaceX CEO Elon Musk has returned as the world's richest man, recapturing the title from French luxury tycoon Bernard Arnault.
Hydropower major SJVN secures Rs 10,000 crore loan for renewable projects
Shimla, Dec 29 - Hydropower public sector SJVN has secured Rs 10,000 crore ($1.2 billion) construction finance facility to fund upcoming renewable power projects from domestic and international lenders, its Chairman and Managing Director Nand Lal Sharma said on Friday.
Core sector industries post 7.8% growth in Nov
New Delhi, Dec 29 - The eight core sector industries, which include coal, steel and electricity, posted a growth of 7.8 per cent in November compared to the same month last year, official data released on Friday showed.
Fiscal deficit for April-Nov stands at Rs 9.07 lakh crore
New Delhi, Dec 29 - India's fiscal deficit for the first eight months of the current financial year (April-November) stood at Rs 9.07 lakh crore, or 50.7 per cent of the annual estimate, according to government data released on Friday.
India cybersecurity market reaches $6 bn, to have 5% global share by 2028
New Delhi, Dec 29 - Cybersecurity market in India reached $6 billion in 2023, growing at a compound annual growth rate (CAGR) of over 30 per cent during 2019-23, a new report showed on Friday.
Nifty ends 2023 higher by 20%
Mumbai, Dec 29 - Nifty corrected after rising for five sessions on Friday, but closed the week higher by 1.79 per cent.
Gold expected to move much higher in 2024
New Delhi, Dec 29 - The price of gold is expected to test levels from $2,060 to $2,090 per ounce, and on any correction if $2035 holds, the prices may target $2,115 level in the current up-move, as per a report by Emkay
NSE chief cautions investors on pitfalls of high risk derivatives
New Delhi, Dec 29 - Ashishkumar Chauhan, MD & CEO, National Stock Exchange (NSE) on Friday asked the investors to avoid the pitfalls of high-risk derivatives or frequent trading in stock market.
Pine Labs logs Rs 1,588 cr revenue in FY23, trims losses by 12.3%
New Delhi, Dec 29 (IANS) Leading merchant commerce platform Pine Labs has reached Rs 1,588 crore in revenue in the fiscal year ending March 2023, from Rs 1,017 crore in FY22 which is a 56.15 per cent growth.
Aamir Khan’s sea-facing building to be redeveloped by MICL Group
Mumbai, Dec 29 - Man Infraconstruction Ltd will redevelop a building partly owned by Bollywood mega-star Aamir Khan in the posh Pali Hill area of Bandra west, a statement said here on Friday.
Physics Wallah’s revenue up 3.4x to Rs 798 cr in FY23, expenses grow to Rs 777 cr
New Delhi, Dec 29 - Edtech platform Physics Wallah (PW) on Friday reported a total revenue of Rs 798 crore in FY23, up 3.4 times from the previous financial year.
Govt likely to cut petrol, diesel prices ahead of LS polls
New Delhi, Dec 29 - The government is likely reduce the petrol and diesel prices ahead of the Lok Sabha polls as crude oil prices have also come down in the international market which will enable the oil marketing companies to bear the
Cypherock X1 hardware wallet awarded highest rating by Coin Bureau
New Delhi, Dec 29 - Cypherock, the pioneering web3 security startup, on Friday announced that its groundbreaking product, the Cypherock X1 hardware wallet, has been awarded an exceptional rating of 4.8/5 by Coin Bureau, the foremost influencer in the web3 and blockchain space.
Tata Motors stock doubles in a year
New Delhi, Dec 29 - Tata Motors stock has doubled in the last one year compared to a little over 19 per cent returns for the Nifty.
Kotak Mahindra Bank shares plunge on GST woes
Mumbai, Dec 29 - Shares of Kotak Mahindra Bank plunged on Friday, a day after an order by the GST authorities issued a demand order to the mid-sized bank to pay pay up Rs 57.2 lakh as tax dues.
Meesho reduces losses to Rs 1,675 cr in FY23, revenue up 77%
New Delhi, Dec 29 - Homegrown social commerce platform Meesho has lowered its losses by 49 per cent to 1,675 crore in FY23 from Rs 3,251 crore in FY22.