BSE PSU Index outperforms Nifty 50 over past 5 years, analysis shows
Feb 08, 2024, at 05:32 am
Mumbai: The trend over the last five years show that the BSE PSU Index has demonstrated an impressive annualized return of 28%, nearly doubling that of the Nifty 50, according to DSP Mutual Fund Annual Note 2024.
RBI likely to keep policy repo rate unchanged in the next MPC meet: Quantum AMC
Feb 08, 2024, at 04:56 am
Mumbai: The Reserve Bank of India (RBI) is likely to keep the policy repo rate unchanged in the upcoming monetary policy review meet, according to Quantum Asset Management.
Feb 08, 2024, at 04:36 am
Mumbai: The recent measures enacted by the Reserve Bank of India (RBI) concerning Paytm Payments Bank serve the interest of consumers and the broader Indian economy, according to Financial Services Secretary Vivek Joshi.
TotalEnergies, ONGC partner to detect and measure methane emissions in India
Feb 08, 2024, at 04:27 am
Kolkata: TotalEnergies and Oil and Natural Gas Corporation (ONGC) have signed a cooperation agreement to carry out a methane emissions detection and measurement campaign at the India Energy Week 2024.
Feb 08, 2024, at 12:21 am
Tata Consultancy Services (TCS) has given the last deadline to its employees who are still working from home.
Federal Bank launches RuPay backed NCMC wallet Debit Cards
Feb 07, 2024, at 11:22 pm
Federal Bank becomes one of the earliest private sector banks to launch NCMC integrated Debit cards.
Feb 07, 2024, at 11:19 pm
The BSE Sensex on Wednesday fell marginally by 34.09 points to settle at 72,152 on profit booking by local operators.
Spice Money's user network grows 12.67% in West Bengal in 2023
Feb 07, 2024, at 08:18 am
Kolkata: Rural fintech company Spice Money, a subsidiary of DiGiSPICE Technologies, has launched the Spice Money Guarantee Drive in West Bengal.
India Energy Week: PM Modi announces $67 billion investment plan
Feb 07, 2024, at 06:50 am
New Delhi: Prime Minister Narendra Modi announced an unprecedented investment initiative of $67 billion in the natural gas supply chain over the next 5-6 years during his address at the second edition of the India Energy Week in Goa on Tuesday.
Feb 07, 2024, at 06:25 am
New Delhi: Fintech unicorn BharatPe has been served a notice by the Ministry of Corporate Affairs (MCA) under Section 206 of the Companies Act, asking the company to furnish details regarding legal actions taken against its founder, Ashneer Grover.
Titagarh Rail Systems Q3FY24 PAT grows 91% YoY to Rs 75.03 cr
Feb 07, 2024, at 05:38 am
Kolkata: Titagarh Rail Systems Ltd, formerly known as Titagarh Wagons Ltd, reported a standalone net profit of Rs 75.03 crores in the quarter ending December 31, 2023, an increase of 91% over Rs 39.22 crore in the same period of the last financial year.
Amid crisis after RBI restrictions, Paytm founder meets Nirmala Sitharaman
Feb 07, 2024, at 05:20 am
New Delhi: Paytm founder and CEO Vijay Shekhar Sharma on Tuesday met Finance Minister Nirmala Sitharaman amid the crisis in the company's banking arm, following Reserve Bank of India’s (RBI), media reports said, citing sources.
Govt expected to receive $2 billion in dividends from PSBs in next fiscal year
Feb 07, 2024, at 03:43 am
New Delhi: The public sector banks are reporting substantial profits and are likely to produce $2 billion in dividends for the next financial year, starting on April 1, media reports said.
Sensex surges 454.67 pts at closing, Nifty above 21900
Feb 06, 2024, at 10:57 pm
The BSE Sensex on Tuesday rallied 454.67 pts to close high at 72,186.09 on the strength of Oil and Gas, IT, Telecommunications and Energy stocks.
Tech industry slashes 32000 jobs since January
Feb 06, 2024, at 03:51 pm
Tech industries are witnessing another wave of layoffs in 2024 continuing the trend which was witnessed late last year.
A visionary stride for women-led development in India’s 2024 budget
Feb 05, 2024, at 01:03 am
Indian Finance Minister Nirmala Sitharaman has offered a progressive vision for the nation’s women through the interim budget which prioritized empowering women ("Nari Shakti") through entrepreneurship, making their lives easier, and ensuring their dignity.
Adani Group to invest $1.22 billion to build largest copper manufacturing plant in Gujarat's Mundra
Feb 04, 2024, at 11:34 pm
Vadodara: Billionaire Gautam Adani-led ports-to-power conglomerate Adani Group is constructing the world's largest copper manufacturing plant in Mundra, Gujarat at an investment of $1.2 billion, media reports said.
Ola Electric to install 10,000 fast charging points by next quarter
Feb 04, 2024, at 11:27 pm
Ola Electric has announced plans to ramp up its fast-charging network rapidly to 10,000 points by next quarter.
AI has changed skilled jobs and hiring of new recruits: Nirmala Sithraman
Feb 04, 2024, at 06:47 am
New Delhi: Artificial Intelligence (AI) has disrupted the requirement for skilled jobs and hiring equally, apart from the current situation of global economic slowdown, Finance Minister Nirmala Sitharaman told Network18 Editor-in-Chief Rahul Joshi in an interview.
Jana Small Finance Bank IPO of Rs 570 cr
Feb 04, 2024, at 05:34 am
Mumbai: Jana Small Finance Bank will launch an initial public offer (IPO) on February 7.
Comparing mutual fund returns with a mutual fund calculator
Feb 04, 2024, at 02:49 am
Most banks and financial institutions host online mutual fund calculators on their sites to help investors calculate their mutual fund returns online. Investors can use mutual fund calculators to assess their investment strategies by checking if their expected returns match the returns calculated by the calculator.
State Bank of India Q3FY24: Net profit declines 35%YoY to Rs 9,164 cr; NII grows 4.59%
Feb 04, 2024, at 02:04 am
Mumbai: Public sector lender State Bank of India (SBI) reported a net profit of Rs 9,164 crores, down 35.49% year-on-year compared to Rs 14,205 crores.
Rashi Peripherals Ltd to launch Rs 6,000 million IPO on Feb 7
Feb 03, 2024, at 08:47 am
Mumbai: Rashi Peripherals Ltd is set to launch Rs 6,000 million initial public offer (IPO) on February 7.
Tata Motors Q3FY24 net profit grows to Rs 7,100 cr
Feb 03, 2024, at 06:21 am
Mumbai: Tata Motors Limited (TML) reported a profit before tax improved by Rs 4,400 crore, reaching Rs 7,600 crore, and the net profit for the quarter was Rs 7,100 crore.
Govt open to divesting stake in SBI, ONGC: Nirmala Sitharaman
Feb 03, 2024, at 05:07 am
New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the government is open to the concept of disinvesting equity stakes in prominent Public Sector Undertakings (PSUs), including the likes of State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC).
IndiGo Q3FY24 net profit jumps to Rs 29,981 million
Feb 03, 2024, at 04:59 am
Gurgaon, February 2, 2024: InterGlobe Aviation Ltd, the parent company of India's largest airline IndiGo reported a net profit of Rs 29,981 million for the quarter that ended December 2023, compared to Rs 1,418 crore in the year-ago period.
Reasons for RBI's crackdown on Paytm Payments Bank: Report
Feb 03, 2024, at 03:25 am
Mumbai: The Reserve Bank of India (RBI) started a major crackdown on Paytm Payments Bank, citing complete neglect by the company for regulatory standards and compliance requirements, media reports said.
Sensex, Nifty ends in green as market closes
Feb 02, 2024, at 10:07 pm
The BSE Sensex on Friday posted huge gains of 440.33 pts to close high at 72,085.63 on the strength of oil and gas, metal, and IT stocks.
'Growth, welfarism and fiscal restraint': NSE MD on Interim Budget
Feb 02, 2024, at 07:18 am
The Interim Budget FY25 presented by Finance Minister Nirmala Sitharaman focused on growth, welfarism and fiscal restraint, while ensuring continuity on policies and taxation.
Bandhan Bank appoints Santosh Nair as Head – Consumer Lending & Mortgages
Feb 02, 2024, at 07:09 am
Kolkata: Bandhan Bank appointed Santosh Nair as Head – Consumer Lending & Mortgages, a press release said.