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Bajaj Finance Q3 net grows to Rs 3,177.39 crore

Jan 29, 2024

Chennai, Jan 29 (IANS) Non-banking finance company (NBFC) Bajaj Finance Ltd closed the third quarter with an after tax profit of Rs 3,177.39 crore. In a regulatory filing on Monday, Bajaj Finance said for the quarter ended December 31, 2023, it had earned a total interest income of Rs 10,590.71 crore (against Q3FY23's Rs 7,802.19 crore) and a net…

Finance Ministry says Indian economy to grow 7% in FY24

Jan 29, 2024

New Delhi, Jan 29 (IANS) The Finance Ministry said on Monday that it now appears very likely that the Indian economy will achieve a growth rate at or above 7 per cent for FY24, while some predict it will achieve another year of 7 per cent…

Business

My head is bloody, but unbowed: Byju Raveendran writes to shareholders

Jan 29, 2024

New Delhi, Jan 29 (IANS) Byju Raveendran, the founder and CEO of embattling edtech company Byju’s, in his letter to shareholders, has drawn parallels with 'Invictus' a short poem by William Ernest Henley, saying “My head is bloody, but…

Business

Crisis-hit Chinese property giant Evergrande ordered to liquidate

Jan 29, 2024

Hong Kong, Jan 29 (IANS) Debt-laden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong, a media report said.Judge Linda Chan said "enough is enough" after the troubled developer repeatedly failed to come…

Business

Nifty records biggest single-day gain since Dec 4

Jan 29, 2024

Mumbai, Jan 29 (IANS) Nifty ended the first day of the week with its biggest single-day gain since December 4 with heavyweight Reliance Industries contributing the most to the gains, Deepak Jasani, Head Retail Research at HDFC Securities,…

Business

DefSat conference to be held in Delhi on Feb 7

Jan 29, 2024

Chennai, Jan 29 (IANS) DefSat Conference will be held at the Manekshaw Centre in New Delhi from February 7 to 9 while key industry stakeholders, policy makers, officials from the armed forces, diplomats, technology innovators and others are…

Business

Jaishankar opens IHCL hospitality skill centre in Gujarat

Jan 29, 2024

Ahmedabad, Jan 29 (IANS) Aiming at enhancing the hospitality sector in Gujarat's Ekta Nagar, External Affairs Minister S Jaishankar inaugurated the Indian Hotels Company Limited (IHCL) Skill Centre. The centre's launch is a stride towards…

Business

Markets bounce back on Reliance Industries surge

Jan 29, 2024

New Delhi, Jan 29 (IANS) Markets have bounced back strongly after the last two weeks of correction on the back on Reliance Industries which has recorded more than 5% gains in the day so far, says Rahul Sharma , Director, Head - Technical…

Business

iPhones grow 28% to grab over 6% market share in India in 2023

Jan 29, 2024

New Delhi, Jan 29 (IANS) Riding on the premiumisation trend in India, iPhones grew 28 per cent from 4 per cent market share in 2022 to more than 6 per cent in 2023, according to latest industry data.In the fourth quarter of 2023 alone,…

Business

realme will continue to strengthen its roots in India market: Top executive

Jan 29, 2024

Colombo, Jan 29 (IANS) Global consumer electronics brand realme, which has significantly made its mark in the Indian market over the past five years, will continue to strengthen its roots in the domestic market, a top company executive has…