Finance: News
06 May 2024
Income Tax Department of IndiaGodrej family's billion-dollar business restructuring won't attract tax: Here's why
The Godrej Group, a 127-year-old family-owned conglomerate, has recently declared its decision to split into two separate entities.
05 May 2024
Mahindra & MahindraM&M Finance reports 10% drop in Q4 FY24 net profit
Mahindra & Mahindra Financial Services (M&M Finance), a prominent non-banking financial company, has reported a 10% year-on-year (YoY) decrease in its net profit for the fourth quarter of FY24.
04 May 2024
IDBI BankIDBI Bank reports 44% surge in Q4 net profit
IDBI Bank, a prominent private sector lender, has reported a significant 44% increase in its net profit, for the fourth quarter of the fiscal year 2023-24.
04 May 2024
Kotak Mahindra BankKotak Mahindra Bank announces 17% net profit increase in Q4
Kotak Mahindra Bank, a prominent private sector lender, has reported a 16.88% year-on-year (YoY) rise in its consolidated net profit for the first quarter of the year.
01 May 2024
Initial Public Offering (IPO)FirstCry CEO's monthly salary drops by 49% to ₹8.6 crore
Supam Maheshwari, the founder and CEO of FirstCry, has experienced a significant reduction in his monthly salary.
25 Apr 2024
StartupsLenskart in talks to raise $200M at valuation of $5B
Lenskart, a prominent eyewear retailer in India, is reportedly discussing a potential $200 million investment deal with Singapore's Temasek and US-based Fidelity.
19 Apr 2024
BusinessGodrej family begins formal division of century-old conglomerate
The prominent Godrej family has reportedly begun the formal division of their extensive empire, with a focus on imminent divestments.
15 Apr 2024
StartupsZerodha co-founder Nikhil Kamath launches 'WTFund' for Gen Z entrepreneurs
Billionaire Nikhil Kamath, co-founder of Zerodha, has introduced WTFund, a unique non-dilutive grant agnostic fund.
15 Apr 2024
NBFCAditya Birla Capital set to launch comprehensive fintech super app
Aditya Birla Capital Ltd., a leading non-banking financial company (NBFC) in India, is preparing to launch an all-encompassing fintech super app named 'ABCD.'
02 Apr 2024
Stock MarketCoinSwitch parent launches stock trading app to rival Zerodha, Groww
PeepalCo, the parent company of crypto trading app CoinSwitch, has officially entered the stock broking sector with its latest app, Lemonn.
29 Mar 2024
IndiaIndia's April-February fiscal deficit covers 86.5% of FY24 target
India's fiscal deficit from April to February in FY24, has reached Rs. 15.01 lakh crore, marking approximately 86.5% of the annual target, according to recent data.
05 Mar 2024
Stock MarketWhy India's inclusion in Bloomberg Bond Index matters
Bloomberg Index Services (BISL) has announced that Indian bonds will join its Emerging Market (EM) Local Currency Index starting January 31, 2025.
19 Feb 2024
BusinessJapan's Kirin invests $25M in craft beer brand Bira 91
Japan's Kirin Holdings is set to invest an additional $25 million in B9 Beverages, the company behind craft beer Bira 91 and pub chain Beer Cafe.
09 Feb 2024
Stock MarketBandhan Bank's Q3 net profit jumps threefold to Rs. 733cr
Bandhan Bank has announced a remarkable 152.06% increase in net profit, reaching Rs. 732.7 crore for the third quarter ending December 31, 2023.
02 Feb 2024
Stock MarketDelhivery's Q3 revenue up 20% YoY to Rs. 2,194 crore
Delhivery has announced a net profit of Rs. 11.7 crore for the quarter ending in December 2023.
01 Feb 2024
LakshadweepInterim Budget: Centre's focus on boosting Lakshadweep's tourism, says Sitharaman
During her budget speech on Thursday, Union Finance Minister Nirmala Sitharaman announced the government's plan to ramp up investment in the tourism sector.
01 Feb 2024
Nirmala SitharamanCentre's Rs. 1tn fund offers interest-free loans to boost innovation
Union Finance Minister Nirmala Sitharaman, presented the Interim Budget 2024-25, in the Parliament today.
25 Jan 2024
IndiaIndian Bank's wholly-owned subsidiary will ensure on-ground money collection, recovery
Indian Bank will launch a wholly-owned subsidiary in India, backed by a capital infusion of Rs. 10 crore. It will focus on collection, sales, back-office processing, and marketing.
24 Jan 2024
Tata SteelTata Steel reports Q3 profit of Rs. 522 crore
Tata Steel experienced a remarkable turnaround in Q3 FY24.
04 Jan 2024
Business'Rich Dad, Poor Dad' author admits to $1.2 billion debt
The author of Rich Dad, Poor Dad, Robert Kiyosaki recently shared that he has accumulated $1.2 billion in debt.
02 Jan 2024
JP MorganFPI investment in Indian debt instruments turns positive in 2023
In 2023, foreign portfolio investors (FPIs) poured Rs. 68,663 crore into Indian debt instruments, a significant turnaround after three years of outflows.
29 Dec 2023
Government of IndiaInterest rates raised on select small savings schemes for Jan-Mar
The Government of India has announced an uptick in interest rates for two small savings schemes in the January-March 2024 quarter.
29 Dec 2023
IndiaIndia's April-November fiscal deficit narrows to 50.7% of FY24 target
India's fiscal deficit for the first eight months of the current financial year, from April to November, reached Rs. 9.07 lakh crore.
20 Dec 2023
IndiaIndian companies' dollar bond fundraising hits 14-year low: Here's why
In 2023, Indian companies experienced their lowest dollar bond fundraising since 2009, raising a mere $4.1 billion through six bond issues.
20 Dec 2023
Bank of BarodaBank of Baroda, NABARD, and IREDA raise crores through bonds
Bank of Baroda has raised Rs. 2,500 crore via 10-year Basel-III Tier-II bonds, offering a 7.75% coupon rate.
20 Dec 2023
National Stock ExchangeSIDBI and KIIFB to float bonds worth Rs. 6,500 crore
The Small Industries Development Bank of India (SIDBI) and Kerala Infrastructure Investment Fund Board (KIIFB) will issue bonds totaling Rs. 6,499.96 crore tomorrow (December 21).
19 Dec 2023
Reserve Bank Of India (RBI)RBI restricts lenders from investing in AIFs with debtor links
The Reserve Bank of India (RBI) has declared that regulated entities (REs), such as banks, non-bank lenders, and home financiers, are now forbidden from investing in alternative investment funds (AIFs).
14 Dec 2023
VedantaVedanta Resources secures $1.25 billion loan for debt refinancing
Vedanta Resources Ltd (VRL), the parent company of Vedanta Group, announced that it has secured $1.25 billion from private credit lenders.
08 Dec 2023
StartupsZerodha founders' salaries touch Rs. 200 crore in FY23
Zerodha co-founders and brothers, Nithin and Nikhil Kamath, received a combined compensation of Rs. 195.4 crore in fiscal year 2022-23 (FY23).
24 Nov 2023
Government of IndiaCentre permits online bond platform providers to form industry body
The Indian government has given the green light to online bond platform providers to establish their industry body, the 'OBPP Association.'
22 Nov 2023
LifestyleHow to have open conversations about money with your partner
Building a new relationship is an exhilarating journey, but the terrain of discussing financial matters can be intimidating.
16 Nov 2023
BusinessSiemens forecasts sales growth to slow down in 2024
Siemens has provided a more conservative sales forecast for 2024 after announcing better-than-expected Q4 industrial profits.
08 Nov 2023
Tata PowerTata Power's Q2 profit rises 8.8% YoY to Rs. 1,017cr
Tata Power has announced an 8.8% year-over-year (YoY) increase in its consolidated net profit for Q2 FY24, reaching Rs. 1,017 crore.
07 Nov 2023
Indian Railway Catering and Tourism CorporationIRCTC's Q2 net profit rises 30% to Rs. 295 crore
The Indian Railway Catering and Tourism Corporation (IRCTC) has announced a net profit of Rs. 294.67 crore for Q2 of FY24.
03 Nov 2023
Stock MarketMRF's Q2 net profit surges fivefold to Rs. 572 crore
MRF Ltd witnessed a remarkable surge in its Q2 net profit, soaring five times to Rs. 572 crore, compared to Rs. 124 crore during the same period last year.
03 Nov 2023
BusinessMaersk announces 10,000 job cuts amid weaker shipping demand
Danish shipping group Maersk has experienced a substantial decline in Q3 revenue. This has prompted the firm to eliminate 10,000 jobs due to decreased freight rates and weakened demand for container shipping.
03 Nov 2023
BMWBMW's Q3 margin beats estimates, maintains annual forecast
BMW has revealed an increased third-quarter automotive margin, with high-priced and electric vehicle sales keeping the company on track to meet yearly projections.
02 Nov 2023
United KingdomBank of England's interest rate at 15-year high of 5.25%
The Bank of England (BoE) has decided to keep the interest rate steady at a 15-year high of 5.25%, as it continues to combat the highest inflation among major developed economies.
02 Nov 2023
Adani GroupAdani Power reports an 848% increase in Q2 net profit
Adani Power revealed a staggering 848% boost in its consolidated net profit for the quarter ending September 30, 2023, reaching Rs. 6,594 crore.
