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- Feed Preview Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu
ICICI Bank Q4 net climbs 17.4% to ₹10,708 cr.; total loans in India rise 16.8%
Lender’s net interest income rises by 8.1% YoY to ₹19,093 crore, net interest margin dips to 4.4% in quarter; Total deposits grow 19.6% to ₹14,12,825 cr. as on March 31; Gross NPA ratio ea...
https://www.thehindu.com/business/Industry/icici-bank-reports-growth-in-q4/article68114141.ece
Centre allows 99.5k tons of onion exports to 6 neighbouring nations
Centre allows export of 99,500 tonnes of onions from Maharashtra to six countries despite domestic ban
U.S. food regulator gathering information on MDH, Everest spices after alleged contamination
Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore ordered a recall of the Everest spice mix as well, saying it contains high leve...
India set to sign trade deal with Oman to expand its Middle East ties
The planned deal with Oman "also gives a competitive edge as GCC is negotiating trade agreements with Pakistan and China"
Cuba’s cash crunch leads to long lines and growing frustration
Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM
Bellari firm SMIORE to acquire Arjas for ₹3,000 crore
SMIORE is the fifth-largest iron ore miner in Karnataka and the third-largest miner of manganese ore in India and is the flagship business of the royal family of Ghorpade
KSB Q4 PAT up 7.5% to ₹43.1 crore
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https://www.thehindu.com/business/ksb-q4-pat-up-75-to-431-crore/article68111750.ece
RBI moots digital view of loan offers
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https://www.thehindu.com/business/rbi-moots-digital-view-of-loan-offers/article68111454.ece
HCL Tech Q4 net grows at tad to ₹3,986 crore
RSS feed
https://www.thehindu.com/business/hcl-tech-q4-net-grows-at-tad-to-3986-crore/article68111418.ece
Tech M Q4 net slides 41% to ₹661 cr. on slowdown
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https://www.thehindu.com/business/tech-m-q4-net-slides-41-to-661-cr-on-slowdown/article68111311.ece
De-register and allow export of all Go First aircraft: Delhi HC to DGCA
Bidders for Go First say HC order doesn’t deter their plans; next NCLT hearing on insolvency resolution on May 13
Global economy expected to witness a synchronous rebound in 2025: Deloitte India’s Majumdar
India will likely see improved capital flows and a rebound in exports, says Dr. Majumdar
U.S. probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road
Rupee falls seven paise to settle at 83.35 against U.S. dollar
At the interbank foreign exchange market, the local unit opened strong at 83.30 and moved in the range of 83.30-83.36 during the session.
Issuance of Look Out Circular at the instance of public sec...ut law is a violation of fundamental rights: Bombay High Court
Bombay High Court deems Look Out Circulars by public sector banks against default borrowers without statute unconstitutional
Nestle denies 'double standard' on baby food in some countries
"Our range of cereals for infants and young children are available with and without added sugars in many parts of the world -- in Europe as well as in markets in Asia, Latin America, and North Am...
Russia reinsurer backs firms to get India marine insurance permit
Russian state-owned reinsurer backs three insurers for Indian marine insurance, facilitating trade amid Western sanctions and oil price caps
Inheritance tax could nullify India's decade of progress, says Nirmala Sitharaman
The Union Finance Minister Nirmala Sitharaman criticised the Congress for advocating an inheritance tax like law, after casting her vote in Bengaluru’s BE’s College on Friday.
FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny
FirstCry, Indian retailer backed by SoftBank, TPG, and Mahindra, withdraws $500 million IPO papers due to regulatory concerns
Markets rally for sixth day running on firm Asian peers; Tech Mahindra jumps more than 12%
The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early trade. The NSE Nifty went up by 50.05 points to 22,620.40.
Rupee declines five paise to 83.33 against U.S. dollar in early trade
At the interbank foreign exchange, the domestic unit opened weak at 83.30 against the dollar and then further slipped to 83.33, registering a fall of five paise over its previous close.
Microsoft earnings jumped 17% on cloud boost, AI
Microsoft reported that third quarter revenue was $61.9 billion, up by 17%, and that earnings per share was $2.94, representing a rise of 20%
Swiggy secures shareholders' nod to raise over ₹10,400 crore via IPO
Swiggy plans to raise up to ₹3,750 crore funds through fresh equity shares, in addition to an offer-for-sale component of up to ₹6,664 crore, according to sources
Evonik opens R&D hub, new office at Thane, India
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https://www.thehindu.com/business/evonik-opens-rd-hub-new-office-at-thane-india/article68107035.ece
Centre allows export of 2,000 tonnes of onions
Gujarat is the predominant producer and exporter of white onions in the country, with Bhavnagar and Amreli — which go to the polls on May 7 — accounting for a large part of the produce; shipm...
Jai Balaji Q4 net profit surges to ₹272 crore
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https://www.thehindu.com/business/jai-balaji-q4-net-profit-surges-to-272-crore/article68107179.ece
NTPC inks pact with RINL for supply of limestone
As part of the pact, the RINL will supply 9 lakh metric tonnes of limestone to the NTPC units across the country for five years
Wendt India Q4 standalone net up 5% at ₹13 cr.
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https://www.thehindu.com/business/wendt-india-q4-standalone-net-up-5-at-13-cr/article68105946.ece
Global recovery offers growth upside; food prices to cool: FinMin
March spike in global oil, food prices warrant attention, but concerns from geopolitical tensions seem to be easing, ministry says in monthly economic review
IndiGo announces foray into widebody aircraft
Airline says it has agreed to order 30 Airbus A350-900 aircraft; deliveries expected to start from 2027
Tech companies plug into India's smaller cities for talent
Indian IT firms are moving to smaller cities like Madurai, offering cost efficiency and talent opportunities post-pandemic
Inheritance tax in India: History, abolishment and revival attempts | Explained
Inheritance tax — a duty on property inherited by a person— has become a polarising topic in this Lok Sabha campaign, with both Congress and BJP accusing the other of reviving it. Here’s a ...
Rupee edges up 1 paisa at 83.32 against U.S. dollar
Brent crude futures, the global oil benchmark, rose 0.05% to $88.06 per barrel
Markets extend gains for 5th session; Sensex revisits 74k
The BSE Sensex climbed 486.50 points or 0.66% to settle at 74,339.44.
Resilient economy, price stability to support India's promising growth story: FinMin report
Global slowdown led to a moderation in India's merchandise exports and imports, the report said adding that the slowing of trade has resulted in the merchandise trade deficit narrowing in FY2023-...
Emphasise domestic IP, photomask subsidy for semiconductors: ICEA
The electronics industry body provided some suggestions for making sure India’s semiconductor is able to compete globally.
RBI’s latest recommendations to regulate payment aggregators in offline spaces | Explained
The Reserve Bank of India (RBI) has floated two consultation papers seeking enhanced regulation of payment aggregators carrying out face-to-face transactions. It also seeks to strengthen the ecos...
As India develops, problem of high food inflation will get less severe: RBI MPC member Ashima Goyal
As the weight of food in consumption falls and food consumption itself becomes more diversified, the impact and size of future food price shocks falls, she noted
Meta reports revenue jump as Zuckerberg sees stock volatility over AI plans
Meta reported revenue of around $36.5 billion, up 27% from last year, but CEO Mark Zuckerberg warned that the company might see stock volatility
Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
From the Sensex basket, Kotak Mahindra Bank tanked over 12% after the RBI barred the company from onboarding customers online and issuing credit cards.
Rupee falls six paise to 83.39 against U.S. dollar in early trade
At the interbank foreign exchange, the Rupee opened at 83.34 against the dollar and touched an early low of 83.39 against the greenback.
Key decisions of central bank cannot be left to politicians, says former RBI Governor Subbarao
It is the responsibility of the central bank to maintain price stability and lower and steady inflation, Duvvuri Subbarao said.
MDH, Everest masala row: India inspects spice makers over alleged contamination
India's spices export regulator said it had sought data on MDH and Everest exports from relevant authorities in both countries and was working with the companies to find the "root cause" of the i...
Axis Bank reports Q4 PAT of ₹7,130 crore
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https://www.thehindu.com/business/axis-bank-reports-q4-pat-of-7130-crore/article68103289.ece
LTIMindtree Q4 net dips 1.2% to ₹1,100.7 crore; company hopeful of returning to growth in Q1 FY25
The Q4 report card was impacted by slower ramp-ups and weak showing in the banking and financial services space.
IHCL Q4 PAT rises 27% to ₹418 crore
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https://www.thehindu.com/business/ihcl-q4-pat-rises-27-to-418-crore/article68103414.ece
HUL Q4 net slides 6% to ₹2,406 crore as inflation pinches pockets
FMCG firm sees underlying sales growth of 1% amid subdued consumption trends, an absence of price growth; CEO Jawa expects demand to ‘gradually improve’ due to a normal monsoon
e-bike firm Ultraviolette to raise $100 mn to fund market expansion
Niraj Rajmohan, CTO & co-founder, Ultraviolette, told The Hindu that the company was in the final rounds of talks with a couple of private equity players and a fresh raise of $100 million was exp...
REITs, InvITs mobilise ₹1.3 lakh crore in four years: RBI data
Experts and stakeholders are of the view that with India growing at a fast pace, REITs and InvITs are emerging as alternative investment instruments, especially for high net-worth individuals
Government approves one-year extension to RBI Deputy Governor Rabi Sankar
The Appointments Committee of the Cabinet has approved the re-appointment of T. Rabi Sankar, Deputy Governor Reserve Bank of India, for a period of one year with effect from May 3, 2024, sources ...
JP Morgan CEO praises Modi, says he ‘took 400 million people out of poverty’
He also called PM Modi “tough” for breaking old bureaucratic systems
Rupee settles on flat note, up 1 paisa at 83.30 against U.S. dollar
Forex traders said the rupee is expected to trade with a slight positive bias on improved global risk sentiments and easing of geopolitical tensions in the Middle East
Indian IT sector staring at second straight year of muted revenue growth: Crisil
IT service companies pulled back on the addition of fresh talent, resulting in headcount reductions by 4% in 2023 by the top 12 companies
Sensex, Nifty climb on firm trend in global markets
The indices witnessed some selling pressure towards the fag-end of the session that erased some initial gains
RBI imposes business curbs on Kotak Bank for IT infra deficiency
The bank has been barred from onboarding new customers through online, mobile banking channels, issuing fresh credit cards
HAL conferred Outstanding PSU of the Year award by AIMA in Delhi
HAL recorded the highest-ever revenue from operations of over ₹29,810 crores (provisional and un-audited) in the financial year ended on March 31, 2024, registering a double-digit growth of aro...
Sensex, Nifty climb in early trade on firm global market trends
The 30-share BSE Sensex climbed 242.49 points to 73,980.94 in early trade. The NSE Nifty advanced 63 points to 22,431.
Rupee trades in narrow range against U.S. dollar in early trade
Forex traders said elevated crude oil prices and significant foreign fund outflows in the international market dented investors' sentiments.
Mahindra Finance detects about ₹150 crore fraud in loan portfolio, defers FY-24 financial results till May 30
In a regulatory filing, the company said a the board meeting to consider financial statements, results and dividend for the period ended March 2024 is re-scheduled and will be held on May 30, 202...
Telecom service sector's AGR up 1.8% to ₹67,835 crore in December 2023 quarter: Trai data
Seen year-on-year, the AGR (earned by telcos from the sale of telecom services and other stipulated items) increased by 7.84%
Dr. Reddy’s recalls Sapropterin Dihydrochloride oral solution powder in U.S. due to ‘sub potency’
The issue was discovered during an accelerated stability test in addition to customer complaints.
NABARD unveils Climate Strategy 2030 to mobilise green financing
Real estate developers pledge to ensure sustainable practices
Swaraj Tractors unveils a limited-edition tractor of its five variants to mark its golden jubilee
Swaraj Tractors manufactures a range of tractors from 11.2 kW (15 HP) to 49.2 kW (65 HP), providing comprehensive farming solutions and pioneering horticulture mechanization
A critical examination of a persistent Indian view
Pragmatically, redirecting investments from manufacturing to enhancing human capital in services and education could leverage existing strengths and offer more significant economic benefits that ...
Extreme weather may pose risk to inflation, says RBI Bulletin
The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after averaging 5.1% in the preceding two months
Vodafone Idea approves offer price of ₹11 per equity share for ₹18,000 cr-FPO
Vodafone Idea’s board approves FPO offer price at ₹11 per share, raising ₹18,000 crore for debt-laden telecom operator
Ban on MDH, Everest masala | India seeks details from food regulators of Singapore, Hong Kong
The commerce ministry has also directed Indian embassies in both Singapore and Hong Kong to send a detailed report on the matter.
Rupee rises 3 paise to close at 83.33 against U.S. dollar
On Monday, the rupee appreciated by 8 paise to close at 83.36 against the U.S. dollar
Markets climb for third day on firm global cues
Heavy selling pressure in index heavyweight Reliance Industries, mainly due to profit booking, dragged market indices lower
SEBI said to find Adani offshore investors in violation of disclosure rules
SEBI found a several offshore funds invested in Adani Group companies violated disclosure rules and in breach of investment limits
Ensure children up to 12 years are allocated seats with their parents in flight: DGCA tells airlines
DGCA mandates airlines to seat children under 12 with parents, revises air transport circular for unbundled services
Combined manufacturing, services output rose at the fastest pace in nearly 14 years: Flash PMI data
Export orders reckoned to have clocked their highest uptick in 115 months, while combined output growth in surveyed Manufacturing and Services firms hit a ‘nearly’ 14-year high
Congress says will move Supreme Court if EC does not act on complaint against Modi
It matters that the EC makes a decision on the issue, the lack of which is ‘certainly actionable and justiceable’, says Abhishek Singhvi
Pakistan hopes to get new IMF loan by early July: Finance Minister
Pakistan's current $3 billion arrangement with the IMF runs out in late-April
Markets climb in early trade on firm global trends; extend winning momentum to 3rd day running
Rallying for the third day running, the 30-share BSE Sensex climbed 411.27 points to 74,059.89 in early trade.
Rupee rises 6 paise to 83.30 against U.S. dollar in early trade
On Monday, the rupee appreciated by 8 paise to close at 83.36 against the U.S. dollar.
U.S. consumers on lower incomes face loan stress while banks pull back
U.S. borrowers on lower incomes struggle with loan payments as banks tighten credit amid rising delinquencies
China's Q1 fiscal revenue falls as tax cut policies weigh
China’s fiscal revenue falls in Q1 due to tax cuts, property downturn, but growth seen in certain industries
RIL Q4 PAT drops 1.8% to ₹18,951 crore
For financial year 2023-24, Reliance Industries Ltd. reported profit after tax grew 4.37% to ₹69,621 crore and consolidated gross revenue grew by 2.6% to ₹10,00,122 crore; the company’s bo...
https://www.thehindu.com/business/ril-q4-pat-drops-18-to-18951-crore/article68095151.ece
‘India’s jewellery exports grew 62% in FY24’
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https://www.thehindu.com/business/indias-jewellery-exports-grew-62-in-fy24/article68095517.ece