Volvo Car India records 40% growth in FY24’s Jan-Sept period
Kolkata: Volvo Car India recorded 40% growth in the January-September 2023 period, the company said in a press release.
Finance
India set to become third-largest economy by 2030 with GDP of over $7 trillion: S&P Global
New Delhi: India, presently the world's fifth-largest economy, is poised to surpass Japan and secure the position of the third-largest global economy with a Gross Domestic Product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence has projected in its latest Purchasing Manager’s Index (PMI) report.
Cabinet approves nutrient-based fertiliser subsidy for Rabi season at an outlay of Rs 22,303 cr
New Delhi: The Union Cabinet Wednesday approved the nutrient-based fertiliser subsidy rates for the 2023-24 Rabi season at a cost of Rs 22,303 crore to the government.
South Korean firm Daewoo to reenter India to make power, energy, and electronic products, EVs
Mumbai: Daewoo, which manufactured Matiz and Cielo cars in India, is preparing for a re-entry into the country, this time focusing on a range of power, energy, and electronic products, including electric vehicles (EVs), Moneycontrol reported.
Tech Mahindra's Q2FY24 net profit grows 6% to Rs 494 cr
Mumbai: IT services company Tech Mahindra witnessed a significant 61.6 percent drop in net profit to Rs 494 crore compared to the previous year for the quarter ending on September 30.
Axis Bank reports Rs 5,864 cr Q2FY24 net profit, up 10% YoY; NII grows 19%
Mumbai: Private sector lender Axis Bank on Wednesday reported a net profit of Rs 5,864 crore for the July-September FY24 quarter, a 10 percent increase from Rs 5,330 crore recorded a year ago.
A Convenient Guide to Applying for a Two-Wheeler Loan Online in India
Owning a two-wheeler is not just a mode of transport; it's a symbol of convenience and freedom for millions of Indians. Whether you're a college student commuting to campus, a professional navigating through city traffic, or someone looking for a budget-friendly way to get around, a two-wheeler can be the perfect solution. If you're considering purchasing a bike but don't have the immediate funds, fret not! Two-wheeler loans offer a hassle-free way to finance your ride. In this comprehensive guide, we'll walk you through the process of applying for a two-wheeler loan online in India, including bike loan eligibility criteria and interest rates.
Indian stock markets witness erosion of wealth as investors resort to heavy selling amid geopolitical tensions
Mumbai: The stock market continued to witness heavy selling on October 25 as the geopolitical crisis in the Middle East showed no signs of easing, a spike in bond yields in the US, and lower than anticipated second-quarter earnings of big business enterprises, Moneycontrol reported.
Cabinet approves Memorandum of Cooperation between India and Japan on Japan-India Semiconductor Supply Chain Partnership
New Delhi: The Union Cabinet, headed by Prime Minister Narendra Modi, was briefed about a Memorandum of Cooperation (MoC) inked in July 2023 between India's Ministry of Electronics and Information Technology (MeitY) and Japan's Ministry of Economy, Trade and Industry (METI) regarding a partnership in the semiconductor supply chain between the two nations.
Mamaearth's parent firm Honasa Consumer to launch IPO on Oct 31
Honasa Consumer, the company that runs Mamaearth is set to launch its initial public offering on October 31, Moneycontrol reported.
Byju's CFO Ajay Goel quits
Mumbai: Ajay Goel, who served as the CFO of troubled edu-startup Byju's, has resigned just half a year after joining the company, media reports said.
Court orders Swedish furniture retailer IKEA to pay Rs 3,000 for charging customer for paper bag with brand name: Report
Bengaluru: Swedish furniture retailer IKEA has been asked to pay Rs 3,000 to a woman by a Bengaluru court for charging her Rs 20 for a paper bag that had its logo printed on it, according to a report in the media.
Indian Market: Sensex improves 22 pts
The BSE Sensex on Monday rose marginally by 22 pts to open at 65,419.02 following gains in FMCG, Financial Services and Health Care stocks.
Introducing Digital Clinch and Floodlightz Events as Distinct Identities, Elevating the Landscape for Event Management and Digital Marketing Companies
Delhi: In a strategic move to enhance its service offerings and provide more specialized solutions, Floodlightz Media Solutions is proud to introduce a clear division between its event management and digital marketing services. This decision represents a significant step towards refining the company's approach, allowing it to scale its operations and deliver even higher levels of professionalism and quality service.
ICICI Bank reports Rs 10,261 cr net profit in Q2FY24, up 36% YoY; NII grows 24%
Mumbai: ICICI Bank posted a 35.7 percent year-on-year surge in standalone profit and a 24 percent increase in net interest income for the July-September quarter of the fiscal year 2023-24 (Q2).
RBL Bank's Q2FY24 grows 46% to Rs 294 cr profit riding on high NII
Mumbai: RBL Bank posted a substantial 46 percent year-on-year increase in net profit, reaching Rs 294 crore for the quarter ending September.
Two rockets hit Iraqi base housing US forces
Baghdad: Two rockets hit Friday an Iraqi airbase housing US military experts and agencies near Baghdad International Airport, according to a source from the country's Interior Ministry.
Poonawalla Fincorp reports highest ever quarterly profit of Rs 230 crore in Q2FY24
New Delhi: Poonawalla Fincorp on Friday reported highest ever quarterly standalone profit after tax (excluding exceptional item) of Rs 230 crore for the quarter ending September 2023 (Q2FY24).
JSW Steel gets back to profitable position with Rs 2,773 cr net profit in Q2FY24
Mumbai: JSW Steel marked a return to profitability with a consolidated net profit of Rs 2,773 crore for the July-September period.
Central Bank of India reports Q2FY24 net profit of Rs 605 cr; NII grows 10%
Mumbai: State-owned Central Bank of India announced a net profit of Rs 605.4 crore for the fiscal quarter spanning July to September.
RBI planning to conduct open market sales of bonds
Mumbai: India's Central bank, the Reserve Bank of India (RBI), is planning to conduct open market sales of bonds once government spending increases and there is an improvement in durable liquidity surplus, Reuters reported.
India Semiconductor R&D Committee submits report on India Semiconductor Research Centre (ISRC)
New Delhi: The Ministry of Electronics and Information Technology (MeitY) committee has proposed establishing the India Semiconductor Research Centre (ISRC) at an estimated cost of $2.5-3 billion.
Paytm reports 32% jump in revenue to Rs 2,519 cr in Q2FY24, loss narrows to Rs 292 cr
Mumbai: One97 Communications, the parent company of Paytm, posted a consolidated revenue of Rs 2,519 crore for the second quarter ending September 2023, indicating a 32 percent increase compared to Rs 1,914 crore in the previous year, media reported.
Indian Market: Sensex drops 231.62 pts to close at 65,397.62
The equity market remained negative for the third straight session on Friday, as the BSE Sensex tanked 231.62 pts to close at 65,397.62 due to weak trends in global markets and soaring crude oil prices.
Tyre company Bridgestone India to support 1,00,000 rubber farmers in Kerala
Kolkata/Pune: Tyre manufacturer Bridgestone India Thursday nnounced a commitment to adopt and support one lakh smallholder rubber farmers in Idukki and Kottayam districts in Kerala.
Tata Motors buys 27% stake in Freight Tiger for Rs 150 cr
Mumbai: Tata Motors on Thursday signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) with Freight Commerce Solutions Pvt Ltd for the acquisition of a 26.79% stake in Freight Tiger for a consideration of Rs 150 crore.
ITC Q2FY24 PAT grows 10% YoY to 4,927 cr
Kolkata: ITC Ltd announced a standalone net profit of Rs 4,926.96 crore for the September quarter of the current fiscal year, up 10.32% year-on-year (YoY).
India likely to achieve fiscal deficit target despite high expenses: IMF
New Delhi: The International Monetary Fund (IMF) stated on Thursday that India has the capacity to incorporate additional spending on subsidies and rural employment initiatives without surpassing the current fiscal deficit target of 5.9% set for this financial year.
Blinkit's revenue jumps 207% to Rs 724 cr in FY23, loss widens to Rs 1,190 cr
Mumbai: Blinkit reported a substantial surge in revenue from operations, marking a 207 percent increase to Rs 724 crore. This follows its transition to quick commerce in December 2021 and subsequent acquisition by Zomato.
Best Mutual Funds to Start SIP in 2023
SIPs have carved a distinct space in the investment choices of Indians. By breaking down investments into manageable chunks, they make mutual funds more accessible. But with this ease, there's a challenge: selecting the right mutual fund. Your choice can be a determinant of your financial growth. Looking for growth avenues and the best mutual funds to invest in? Let us help you find the right SIP investment match for your portfolio.