MUMBAI: ICICI Bank reported a record quarterly net profit of Rs 11,746 crore for the quarter ended September 30, marking a 14.5% increase from Rs 10,261 crore in the same period last year. Net interest income (NII) rose 9.5% to Rs 20,048 crore, compared to Rs 18,308 crore in the corresponding quarter of the previous…
NEW DELHI: The Tata-Airbus facility to manufacture C-295 tactical military airlift aircraft at Vadodara in Gujarat will be inaugurated by PM Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday. Under the Rs 21,935 crore contract inked for 56 C-295 aircraft in 2021, 16 of the twin-turboprop planes are being delivered directly by Airbus…
MUMBAI: The central bank’s projections indicate that inflation will moderate after remaining high in October, RBI governor Shaktikanta Das has said, while cautioning that geopolitical risks and weather events pose potential threats.“Sept inflation crossed 5%, and we expect October inflation to be high as well. However, our projections indicate that inflation will begin to moderate…
As the market’s focus shifts from momentum to quality and FII outflows persist, the trading strategy has changed from buying on dips to selling on rallies. No fireworks from Sensex this Diwali! The Indian stock market has been experiencing a significant downturn, with the Nifty falling nearly 6% and the Sensex losing over 4,800 points…
MUMBAI: India has the opportunity to “reinvent” itself from a back office IT cost reduction industry to a front office AI-driven innovation ecosystem as the country has access to all the key resources needed to fuel AI capabilities, Nvidia CEO Jensen Huang said while advocating the need to regulate AI in context of its use….
“He (Modi) has made India very strong. Now he is the only one who can deliver 10% economic growth annually,” Watsa said. Prem Watsa, the billionaire CEO of Fairfax Financial Holdings who has earned the moniker of ‘Canada’s Warren Buffet’, expressed his confidence in India’s ability to achieve double-digit economic growth, which he believes is…
The Rs 2.5 lakh ceiling on voluntary contributions was introduced in the FY22 budget. (AI image) VPF limit for tax-free interest to be hiked? The government is considering increasing the limit on voluntary provident fund (VPF) contributions under the Employees’ Provident Fund Organisation (EPFO) that earn tax-free interest. Currently, interest earned on contributions above Rs…
NEW DELHI: Union finance minister Nirmala Sitharaman and World Bank president Ajay Banga held discussions on various topics during their meeting on the sidelines of the World Bank and IMF Annual Meetings 2024 in Washington, DC. The discussions focused on private capital participation in Global Public Goods, energy security, and reforms in Multilateral Development Banks…
NEW DELHI: Amid expectations of easing curbs on investment from China, finance minister Nirmala Sitharaman on Wednesday said government will maintain checks on FDI in the “national interest,” given the sensitivity in the region.“We want business, we want investments, but we also need some safeguards because India is located in a neighbourhood, which is very,…
Forging good relationships at the workplace and a sense of pride in work are more important for mental wellbeing than the oft-touted ‘work-life balance’ factors, such as workload and flexibility, over time, a new mega global study reveals.In another surprising finding of the study that looked at nine aspects of work culture, Indians who worked…
