The Budget Session of Parliament commenced today with Union Finance Minister Nirmala Sitharaman tabling the Economic Survey of India 2023-24. The voluminous report, including a statistical appendix, was placed in both Houses of Parliament. The Union Budget for 2024-25 will be presented in the Lok Sabha on July 23. This would be the first Budget […]
Economic Survey 2023-24: Key Highlights (Union Budget) Read More »
Tata Consultancy Services (TCS) has expanded its collaboration with Rolls-Royce, the British aerospace and defence giant, to advance research in hydrogen fuel technology for aviation. The partnership aims to explore hydrogen as a zero-carbon fuel alternative, addressing key challenges in fuel combustion, delivery, and system integration. TCS will contribute engineering expertise to support Rolls-Royce in
TCS Partners with Rolls-Royce for Hydrogen Research Read More »
For the quarter ended April-June of fiscal year 2025, Kotak Mahindra Bank reported an 81% rise in net profit to Rs 6,250 crore, from Rs 3,452 crore in the same quarter last year. This was helped by a Rs 3,012 crore gain on account of the sale of its stake in Kotak General Insurance to
Kotak Mahindra Q1 Profit Soars 81% to Rs 6,250 Crore on Insurance Stake Sale Read More »
HDFC Bank reported a year-on-year increase of 35.3% in profit after tax (PAT) to Rs 16,174.75 crore for the first quarter of the current financial year. But on a quarterly basis, the bank’s net profit dropped 2.1%. The bank’s gross NPA ratio increased to 1.33% as of June 30 from 1.24% in the previous quarter
HDFC Bank Q1 profit rises 35% to ₹16,174.75 crore, NPAs Increases Read More »
RBL Bank reports a 29% increase in Q1 net profit to Rs 372 crore and an improvement in asset quality. RBL Bank reported a 29% increase in net profit for the April-June quarter of fiscal 2025 at Rs 372 crore as against Rs 288 crore a year ago. The asset quality of the bank witnessed
RBL Bank Reports 29% Increase in Q1 Net Profit to Rs 372 Crore, Asset Quality Improves Read More »
Tanla Platforms saw its stock surge by over 10% after announcing a partnership with a leading global tech company to fight scams on messaging platforms. Tanla’s AI-driven anti-phishing solution, Wisely ATP, will identify fraudulent phone numbers and suspicious URLs to alert WhatsApp about potential scams. The details of the deal remain confidential, but media reports
Tanla Platforms Shares Soar 10% on Anti-Scam Deal with Global Tech Giant Read More »
Avenue Supermarts Ltd., the operator of the popular retail chain DMart, has reported its consolidated profits for the quarter ending June 2024. Profits surged to Rs 774 crore from Rs 659 crore in the same period last year, showing a healthy growth of 17.5% year-on-year. Additionally, the revenue grew by 18.6% YoY to stand at
DMart’s Q1 Profits Surge by 17.5% to Rs 774 Crore, Revenue Climbs 18.6% Read More »
Adani Wilmar Ltd, a major player in the edible oil sector, is set to acquire a 67% stake in Omkar Chemicals Industries for Rs 56 crore. Adani Wilmar, a joint venture of the Adani Group and Singapore’s Wilmar Group, is one of India’s largest FMCG companies. They offer a wide range of kitchen essentials such
Adani Wilmar to Buy 67% Stake in Omkar Chemicals for Rs 56 Crore Read More »
Cyient Ltd on Friday said it has opened its new wholly-owned unit dedicated to the semiconductor business, targeting a strategic initiative to strengthen its hand in this segment amid global competitors. The focused initiative is on application-specific integrated circuit (ASIC) turnkey design and manufacturing and will function on a completely fabless model. Krishna Bodanapu, vice
Cyient Launches New Semiconductor Subsidiary Read More »
Asian stock markets experienced a downturn following a significant drop in US tech stocks, fueled by expectations of potential interest rate cuts due to slowing inflation in the US. The Japanese yen showed volatility amid speculations of market interventions. Key Point:- •. Japan: Japanese shares dropped over 1% after a rally in the yen on
Asian Markets Dip as Tech Stocks Tumble in the US Read More »
