New Delhi, April 25 (SocialNews.XYZ) A sustained flare-up in geopolitical tensions in the Middle East, and the consequent increase in crude oil prices, would negatively impact Indian macros, ratings agency ICRA said on Thursday. “Geopolitical…
Ahmedabad, April 25 (SocialNews.XYZ) ACC Limited, a subsidiary of Ambuja Cements, on Thursday announced lifetime high annualised profit after tax (PAT) at Rs 2,337 crore in FY24, up a staggering 378 per cent (year-on-year). Part…
New Delhi, April 25 (SocialNews.XYZ) The board of directors of Nestle India has approved the execution of a definitive agreement to form a joint venture with Dr. Reddy’s Laboratories for nutritional health solutions, as the…
Mumbai, April 25 (SocialNews.XYZ) The top management of Kotak Mahindra Bank has gone into damage-control mode after RBI barred the lender on Wednesday from taking new customers online and issuing fresh credit cards with immediate…
New Delhi, April 25 (SocialNews.XYZ) While foreign institutional investors (FIIs) sold heavily in the past few days, the selling has been countered by domestic funds. During the last seven days, FIIs sold equity worth a…
Mumbai, April 25 (SocialNews.XYZ) Shares of Kotak Mahindra Bank crashed by as much as 12 per cent in morning trade on Thursday to Rs 1,620 on BSE as investors dumped the stock following the RBI…
New Delhi, April 24 (SocialNews.XYZ) Infina Finance, one of the promoter group entities of Kotak Mahindra Bank which was barred by the RBI on Wednesday from onboarding new customers, had donated electoral bonds worth Rs…
Bhubaneswar, April 24 (SocialNews.XYZ) Khanij Bidesh India Limited (KABIL) signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – National Geophysical Research Institute (CSIR-NGRI) to foster a long-term collaboration in…
Mumbai, April 24 (SocialNews.XYZ) Axis Bank on Wednesday reported a net profit of Rs 7,130 crore for the January-March quarter of 2023-24 compared to a loss of Rs 5,762 crore in the same quarter last…
Mumbai, April 24 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday issued an alert against unauthorised entities offering foreign exchange (forex) trading facilities to Indian residents with promises of exorbitant returns. The RBI has…
Gurugram, April 24 (SocialNews.XYZ) REC Limited, a Maharatna public sector company and a leading NBFC, has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) for providing a term loan of Rs 1,869.26…
Mumbai, April 24 (SocialNews.XYZ) Fast-moving consumer goods (FMCG) giant Hindustan Unilever Ltd (HUL) on Wednesday reported a 6 per cent decline in net profit to Rs 2,406 crore for the January-March quarter from Rs 2,552…
Mumbai, April 24 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Wednesday directed Kotak Mahindra Bank Limited to stop onboarding of new customers through its online and mobile banking with immediate effect and also barred…
Mumbai, April 24 (SocialNews.XYZ) The Nifty remained firm for the fourth day and closed with gains of 34 points at 22,402 levels, while Sensex closed 114 points higher at 73,853 levels on Wednesday. The majority…
Stockholm, April 24 (IANS/DPA) The Swedish unemployment rate increased in March to the highest level in nine months, figures from Statistics Sweden showed on Wednesday. The unadjusted jobless rate climbed to 9.2 per cent in…
Mumbai, April 24 (SocialNews.XYZ) Metal stocks are the top sectoral gainers in trade while PSU stocks also posted strong gains on Wednesday. The metal stocks index is up 2.8 per cent. SAIL is up 7…
New Delhi, April 24 (SocialNews.XYZ) Delhi-NCR saw 29 land deals for approximately 314 acres in FY24, in comparison to 23 land deals covering nearly 273.9 acres in FY-23, a report showed on Wednesday. Delhi-NCR continues…
New Delhi, April 23 (SocialNews.XYZ) Global brokerage Morgan Stanley has pointed to multiple catalysts for re-rating across verticals as Reliance Industries Limited (RIL) exits its fourth investment cycle. RIL’s F4Q24 earnings were slight beat to…
Mumbai, April 23 (SocialNews.XYZ) While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will…
Islamabad, April 23 (SocialNews.XYZ) Pakistan’s Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Tuesday, said that the country’s economy is moving in the right direction, highlighting the government’s commitment to robust economic growth and…