New Delhi, July 23 (SocialNews.XYZ) The current rules governing the Swiss Challenge process are lopsided, favouring the anchor bidder, and stymie the basic objective of value maximisation by the lenders of a stressed asset. <…
New Delhi, July 23 (SocialNews.XYZ) Since its launch in the US back in 2018, Mahindra’s Roxor off-roader has been facing multiple lawsuits by Fiat Chrysler Automobiles (FCA) – Stellantis, over its Jeep-like design. In a…
New Delhi, July 23 (SocialNews.XYZ) Out of the total sanctioned posts of 2,06,254 instructors across industrial training institutes (ITIs) in the country, only 98,090 or 52 per cent have been filled while 1,08,164 are lying…
Chennai, July 22 (SocialNews.XYZ) Privately owned ICICI Bank on Saturday said its standalone net profit for Q1FY24 zoomed by 39.7 per cent to Rs 9,648.20 crore. In a regulatory filing ICICI Bank said it closed…
New Delhi, July 21 (SocialNews.XYZ) India’s leading payments and financial services company Paytm has shown yet another impressive quarterly growth, registering a bumper revenue uptick of 39 per cent YoY, taking its revenue to Rs…
New Delhi, July 21 (SocialNews.XYZ) Reliance Industries Limited posted consolidated revenues of Rs 231,132 crore ($28.2 billion), down 4.7 per cent YoY, for Q1 FY2023-24 due to sharp decline in O2C revenues with 31 per…
New Delhi, July 21 (SocialNews.XYZ) Varanasi-based Utkarsh Small Finance Bank Ltd, which recorded the second-fastest AUM growth between FY 2019 and FY 2022 among SFBs with AUM of more than Rs 5,000 crore, made a strong…
New Delhi, July 21 (SocialNews.XYZ) Nifty fell sharply on Friday following disappointing results/guidance from IT companies, including Infosys, said Deepak Jasani, Head of Retail Research at HDFC Securities. It fell at the fastest pace in about…
New Delhi, July 21 (SocialNews.XYZ) Wizikey, the leading SaaS in PR, launched Imara AI, the world’s first AI Avatar. At the cutting edge of Gen-AI solutions, Imara will cater to the diverse needs of PR…
New Delhi, July 21 (SocialNews.XYZ) TRAI is of the opinion that the tariffs offered by Reliance Jio Infocomm Limited are not in violation of the tariff orders, the government said in the Rajya Sabha on Friday….
New Delhi, July 21 (SocialNews.XYZ) The central government on Friday informed Parliament that tomato prices are expected to come down with the increase in the arrival of new crop from Nasik, Naryangoan and Aurangabad belt…
New Delhi, July 21 (SocialNews.XYZ) IT heavyweights led by Infosys, HUL and Reliance Industries dragged the Sensex down to a sharp fall of more than 1,000 points on Friday. Infosys is down more than 8…
Bengaluru, July 21 (SocialNews.XYZ) Sberbank’s branch in India has received permission from the Reserve Bank of India (RBI) to establish an IT unit here. The new IT office will house Sberbank’s in-house Data Processing Center,…
New Delhi, July 21 (SocialNews.XYZ) Weak Q1 results by Infosys and Hindustan Unilever are weighing on Indian indices as the BSE Sensex extended its fall on Friday to 800 points. HUL’s revenue growth of 6…
New Delhi, July 21 (SocialNews.XYZ) A sharp fall in Infosys after the Q1 results led the markets down sharply by more than 600 points on Friday. BSE Sensex is down 675 points at 66,895 points….
New Delhi, July 20 (SocialNews.XYZ) While a favourable base effect should help accelerate India’s real GDP growth to around 7.5-8 per cent YoY in the June quarter, the growth trend is expected to soften over the…
New Delhi, July 20 (SocialNews.XYZ) Infosys ADR slumped by more than 9 per cent in pre-market trade after the company cut revenue guidance. The Infosys ADR was trading at $16.07. Analysts are concerned at the profit…
Mumbai, July 20 (SocialNews.XYZ) Domestic equities are a breath away from the psychological levels of 20,000. Nifty opened flat on Thursday, but soon gained momentum to close with handsome gains of 146 points at 19,979 levels,…
New Delhi, July 20 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Thursday met the special adviser to the Japanese prime minister, Mori Masako, and exchanged views on issues related to women’s economic empowerment. “Special Advisor to…
New Delhi, July 20 (SocialNews.XYZ) Jio Financial Services Limited shares have been valued at Rs 261 apiece; which makes the soon-to-be-listed company India’s 32nd most valuable companies. Reliance Industries had kept July 20 as the…