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The gross non-performing asset (GNPA) ratio for Indian banks plummeted to a 12-year low of 2.8% in March 2024. According to the Reserve Bank of India’s (RBI) recently released Financial Stability Report, this ratio is projected to decrease further to 2.5% by the end of the financial year 2024-25. Understanding GNPA Ratio: The GNPA ratio […]
Reliance Industries Limited’s subsidiary, Model Economic Township Limited (METL), has proudly welcomed BEUMER India as its first German customer to the integrated greenfield Smart City, MET City in Jhajjar, Haryana. This exciting development marks the expansion of the MET City family to over 570 companies from 10 different countries. BEUMER India conducted a ground-breaking ceremony […]
Paytm, the digital payments and financial services company owned by One 97 Communications, is making significant strides in its travel segment. The company recently announced partnerships with renowned travel aggregators such as Skyscanner, GoogleFlights, and Wego. Additionally, Paytm plans to collaborate with international aggregators, including Cambodia Angkor Air, SalamAir, and FlyDubai. The disclosure, filed under […]
The stock market will be closed for trading on Monday due to the Bakri Eid festival. The official website of the National Stock Exchange states that trading will resume on Tuesday. All market divisions, including stocks, derivatives, and SLBs, will be closed on Monday. Furthermore, the Multi Commodity Exchange of India Limited will be closed […]
Driven by demand revival in India’s traditional exports markets such as Europe and the United States (US), India’s goods exports in May logged a sharp 9 per cent year-on-year jump, even as country’s trade gap swelled to a seven-month high of $24 billion due to higher oil imports, as per data released by the commerce […]
The Group of Seven (G7) leading industrialised nations discussed migration, artificial intelligence, economic security and the Indo-Pacific region on the final day of their summit in Italy. The G7 leaders stressed their determination to meet global challenges “at a crucial moment in history.” The gathering in a luxury resort in Italy’s southern Puglia region also […]
Adani Ports and Special Economic Zone Limited (APSEZ) has been lauded by the Carbon Disclosure Project (CDP) for its outstanding contributions to climate action and the implementation of exemplary practices throughout its supply chain. The commendation was part of the ‘Climate Action in India: Role of Businesses & Supply Chain’ event, jointly hosted by the […]
Wife Vineeta Maloo has remained his backbone throughout, and following Jainism principles and yoga has helped their family find strength and serenity and attract massive business success. The world of business is a world of hustle-bustle. Finding balance is crucial and often takes individuals to crossroads and challenges. However, the ones who stay calm, committed […]
Tira, Reliance Retail’s omnichannel beauty retail platform, today announced the launch of its skincare brand, ‘Akind’. Co-founded by Mira Kapoor, Akind was unveiled at Tira’s flagship store at Jio World Drive in Mumbai. Akind understands that everyone’s skin is unique and deserving of personalized care and seeks to simplify skincare by listening to its needs. […]
Diversified Torrent Group crossed USD 20 billion (Rs 1.68 lakh crore) in market capitalisation on Friday, nearly doubling the market value on the back of robust growth across businesses spanning from pharma to energy. Torrent Group had an m-cap of USD 10.8 billion (Rs 90,230 crore) on June 6, 2023. On Friday, two listed companies […]
Adani Ports and Special Economic Zone Limited (APSEZ), India’s leading port developer and operator, has been awarded the Letter of Intent (LOI) for the operation and maintenance (O&M) of the container facility at the Netaji Subhas Dock at the Syama Prasad Mookerjee Port in Kolkata. The five-year O&M contract was secured by APSEZ through a […]
The Adani group’s digital platform, Adani One, has introduced the first co-branded credit cards with airport-related advantages on Monday. The Adani Group’s entrance into the retail financial industry is signified by this strategic alliance with ICICI Bank. On the announcement, Director of Adani Group, Jeet Adani, said: “This unique partnership with ICICI Bank and Visa […]
Benchmark stock market indices, Sensex and Nifty50, opened at record high levels on Monday after exit polls predicted a third term for the BJP-led NDA government. The S&P BSE Sensex jumped over 2,000 points to a record high of 76,738.89, while the NSE Nifty50 rose to 23,338.70. Both the indices hit all-time highs. At 10:10 […]
A 30-year concession agreement has been signed by Adani International Ports Holdings Pte Ltd (AIPH), a fully-owned subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), with the Tanzania Ports Authority for the operation and management of Container Terminal 2 at the Dar es Salaam Port in Tanzania on Friday. With a well-established network […]
Jio Financial Services Ltd announces the launch of their “JioFinance” app (in βeta mode), a cutting-edge platform revolutionising daily finances and digital banking. This app seamlessly integrates digital banking, UPI transactions, bill settlements, insurance advisory, and offers a consolidated view of accounts and savings, all in one user-friendly interface. Designed for friction-less navigation, “JioFinance” app […]
The Adani Group’s market capitalisation on Wednesday regained the USD 200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore. This gain came as investors reposed faith in the company which has denied any wrongdoing in supply of coal to Tamil Nadu power company. With the Rs 11,300 crore gain on […]
The Indian equity benchmark indice, BSE Sensex crashed further in trade today morning, bringing it below 73000 and Nifty50 also went below 22500 at 10.40 AM today. Experts have commented that the market behaviour is outcome of the aggressive selling by FIIs, touching to Rs 15863 crores so far this month. Concerns regarding election results […]
Adani Green Energy Ltd (AGEL) has announced its financial results for the quarter and year ending 31 March 2024. The company’s robust growth in revenue, EBITDA, and cash profit is primarily driven by a capacity addition of 2,848 MW over the last year, consistent capacity utilization factor (CUF) for the solar portfolio, and improved CUF […]
Adani Ports and Special Economic Zone (APSEZ) on Thursday announced a 50 per cent jump in net profit at Rs 8,104 crore for FY24, reaching a record volume of 420 MMT (million metric tonnes) in the period which is 24 per cent growth (year-on-year).The revenue for FY24 grew by 28 per cent (year-on-year) to reach […]
Adani Enterprises announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Thursday, May 2, reporting a drop of 38 per cent in net profit at ₹451 crore, compared to ₹723 crore in the corresponding period last year. The port-to-power conglomerate’s flagship company’s revenue from operations rose marginally at O.8 per cent to ₹29,180 crore […]
