Private sector Bandhan Bank on Friday reported a 64 per cent fall in its December quarter net profit at Rs 290.56 crore owing to decline in net interest income and rise in provisions for bad loans. The Kolkata-based new generation bank had posted a net profit of Rs 858.97 crore in the year-ago period. However, [...]
Persistent Systems ltd has recently reported its October to December results and has also approved the issue of an interim dividend. The is a mid-cap company is engaged in the business of software products, services, and technology innovation. This week, the share has given a return of 7.51% to its investors. On Friday, the stock [...]
Reliance Jio, the nation's largest telecom firm, on Friday reported a 28.3 per cent rise in its third-quarter net profit to Rs 4,638 crore. The firm had a net profit of Rs 3,615 crore in October-December 2021, according to a company's stock exchange filing. Revenue rose to Rs 22,993 crore in October-December 2022 from Rs [...]
The Finance Ministry on Friday asked banks to further increase credit penetration in aspirational districts and ensure availability of at least one banking outlet within 5 km of all inhabited villages. Progress of 112 Aspirational Districts under Targeted Financial Inclusion Intervention Programme (TFIIP) was discussed in detail during a review meeting of Lead District Managers [...]
Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant to retrench staff en mass amid the global economic downturn. In an email to employees, the Indian-origin CEO said:"I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 [...]
India's forex reserves zoomed by USD 10.417 billion to USD 572 billion as on January 13, making it one of the biggest weekly jumps in the kitty in recent times. In the previous reporting week, the overall reserves had dropped by USD 1.268 billion to USD 561.583 billion. In October 2021, the country's forex kitty [...]
HDFC Life on Friday reported a 15 per cent increase in net profit to Rs 315 crore for the third quarter ended December. The private sector insurer's profit stood at Rs 274 crore in the year-ago period, it said in a regulatory filing. Total income increased to Rs 19,693 crore in the latest December quarter [...]
Shakti Pumps (India) Ltd on Friday said its December quarter net profit fell by 23 per cent to Rs 11.25 crore on account of increased expenses. The firm had clocked a net profit of Rs 14.78 crore in the year-ago period, it said in a regulatory filing. However, the company's total revenue from operations rose [...]
The government on Friday made it mandatory for social media influencers to disclose their "material" interest in endorsing products and services and violations can attract strict legal action, including ban on endorsements. The regulations are part of continuing efforts to curb misleading advertisements as well protect the interests of consumers amid the expanding social influencer [...]
Asking the world to be pragmatic and collaborate, IMF chief Kristalina Georgieva on Friday said fragmentation can cost up to 7 per cent of the global GDP. "If we don't unite now, we'll face significant risk to the economy and people's wellbeing," she said during a session on global economy on the last day of [...]
