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2 mins read

Paytm declares Q2 results, earns Rs 930 crore as windfall gains by way of sale of ticketing business to Zomato

Notably, in the absence of this windfall gain, Paytm's finances would still be in red, with the com…

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6 mins read

Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…

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7 mins read

Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans

India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…

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1 min read

HDFC Bank Q2 profit soars 5% to ₹16,821 crore

Total income increased to Rs 85,500 crore during the quarter under review against Rs 78,406 cro…

PTI   


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1 min read

Federal Bank shares surge 8 percent after September quarter earnings announcement

Shares of Federal Bank soared up to 8 per cent after the firm reported an 11 per cent increase in n…

PTI   


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2 mins read

Zomato's net profit jumps 389% YoY, board approves Rs 8,500 crore fund-raise proposal

Ahead of the IPO of rival food and grocery delivery competitor Swiggy, Zomato's board also approved…

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2 mins read

E-commerce sales expected to reach ₹1.2 lakh crore this festive season

The festive season is here and e-commerce giants Amazon, Flipkart and other companies have started …

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2 mins read

Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of June 2024: CareEdge

The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent …

ANI   


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3 mins read

Why has Bernstein called India’s EV sector 'irrelevant'?

Even with hefty incentives, incumbent OEMs are still unprofitable, the report stated.

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3 mins read

Banks write off loans worth ₹9.90 lakh crore in last 5 financial years

"Banks evaluate/consider the impact of write-offs as part of their regular exercise to clea…

PTI   


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Reliance AGM 2024: Company aims to double retail business, Mukesh Ambani says not pursuing short-term profit

Reliance Industries, led by Mukesh Ambani, has laid out ambitious plans during its Annual General M…

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2 mins read

Vedanta Q1 profit surges 37% to ₹3,606 crore on improved margins

Income rose to Rs 36,698 crore over Rs 34,279 crore in the year-ago period, according to an exc…

PTI   


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1 min read

Exide Q1 PAT rises 16% to Rs 280 cr

The company had reported a profit after tax of Rs 242 crore in the April-June quarter of the preced…

PTI   


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1 min read

Netweb Technologies registers over 100% increase in total income

Netweb Technologies, a leading high-end computing solutions (HCS) provider in India, has achieved s…

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6 mins read

Elephants Can Dance: RIL net profit up 10% to ₹17,265 crore as consumer businesses continue to shine

Reliance Industries reported earnings well ahead of the Street’s estimates at ₹17,265 crore against…

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3 mins read

Canara Bank Q4 profit rises 18% to ₹3,757 crore

During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…

PTI   


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2 mins read

IIFCL profit rises 44% to highest-ever of ₹1,552 crore in FY24

He said, for the first time, the profit before tax has crossed Rs 2,000 crore. During the yea…

PTI   


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Paytm registers 25% growth in revenue at ₹9,978 crore in 2023-24

One 97 Communications, that operates popular fintech brand Paytm, reported a 25 per cent rise in re…

ANI   


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ONGC declares highest ever standalone profit in FY24

The consolidated net profit of the company is also highest at Rs 57,101 crore in FY24. The crude oi…

ANI   


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PFC Q4 profit grows 23% to ₹7,556 crore

Total income rose to Rs 24,176.34 crore from Rs 20,074.11 crore in January-March FY23. Expenses…

PTI