Chennai (IANS) Private sector HDFC Bank Ltd has closed the second quarter of FY24 with higher net profit, total income, and non-performing assets. In a regulatory filing, the company said on a standalone basis for the quarter ended September 30, … read more
New Delhi (IANS) Markets have a mind of their own and last week was a great example of the same. They fell on the opening day of the week on expected lines on the back of the Hamas-Israel conflict, but … read more
New Delhi (IANS) E-tailers in India saw Rs 29,000 crore worth gross merchandise value (GMV) in the first four days of the festive season sales that started from October 7, a report showed on Friday. This represents a year-on-year GMV … read more
Mumbai (IANS) Reserve Bank of India (RBI) on Thursday said that 14 non-banking finance companies (NBFCs) have surrendered their certificate of registration. These NBFCs include Shivam Hire Purchase & Finvest, Sun Finlease (Gujarat), Chitrakoot Motor Finance and Alkan Fiscal Services … read more
New Delhi (IANS) Mastercard chief financial officer (CFO) Sachin Mehra has said that the unified payments interface (UPI) is “fantastic at many levels” but remains an “incredibly painful experience” for ecosystem participants. Speaking at the recent UBS conference, Mehra said … read more
New Delhi (IANS) The India Cellular and Electronics Association (ICEA) on Monday urged the global and domestic supply chain stakeholders to capitalise on the opportunities in the production-linked incentive (PLI) scheme 2.0 for IT hardware in the country. With a … read more
New Delhi (IANS) The dominant factor impacting capital flows to markets in recent weeks has been the steadily rising US bond yields, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Early days of October witnessed a rout in … read more
New Delhi (IANS) The Indian direct-2-consumer (D2C) market is projected to reach a gross merchandise value (GMV) of $30-35 billion by 2027 with up to 3 billion shipments, and third-party logistics providers will be the direct benefactors, a report showed … read more
New Delhi (IANS) Nokia on Thursday announced that it has established a 6G lab at its Global R&D centre in Bengaluru. The first-of-its-kind project aims to accelerate the development of fundamental technologies and innovative use cases underpinned by 6G technology … read more
New Delhi (IANS) Electronic retailing or e-tailing in India is on track to witness a five fold increase from $59 billion in 2022 to a projected $300 billion by 2030, a new report showed on Wednesday. The Indian festive season … read more