HDFC Life Q4 results: HDFC Life Insurance on reported a net profit of ₹411 crore for the January-March quarter of financial year (FY) 2023-24. This was up 14.8 per cent from ₹358 crore recorded in the year-ago period and beat market expectations as HDFC Life was expected to have 6.1Continue Reading
Greenhitech Ventures IPO: The allotment of shares for Greenhitech Ventures initial public offering (IPO) will be finalised today (April 18). The allotment status can be checked by investors who applied for the issue by visiting the registrar’s website which is Skyline Financial Services Private Ltd for the IPO. You canContinue Reading
World’s largest consumer goods company Nestle adds sugar and honey to infant milk and cereal products in several countries including India, an investigation by Public Eye claimed. This is in direct violation of international guidelines that focus on preventing obesity and chronic diseases. But the violations were found only inContinue Reading
Toshiba Corp. is reportedly planning to reduce its workforce in Japan by 5,000 employees, amounting to approximately 10 per cent of its total headcount, according to a report by Nikkei. This move signals a departure from Japan’s historical aversion to layoffs, reflecting the growing acceptance amid persistent labour shortages inContinue Reading
Toshiba Corp. is reportedly planning to reduce its workforce in Japan by 5,000 employees, amounting to approximately 10 per cent of its total headcount, according to a report by Nikkei. This move signals a departure from Japan’s historical aversion to layoffs, reflecting the growing acceptance amid persistent labour shortages inContinue Reading
Indian shares closed higher on Thursday, helped by information technology stocks, as robust US retail sales data underscored the strength in the world’s biggest economy and bolstered risk appetite. The Nifty 50 index closed 0.11% higher at 18.035.85, while the S&P BSE Sensex rose 0.07% to 61,319.51. Both the benchmarksContinue Reading
Index provider MSCI said on Wednesday it will postpone implementation of updates to weightings for two of India’s Adani Group companies, Adani Total Gas and Adani Transmission, to the May benchmark review. The reversal of the updates to Adani Total Gas and Adani Transmission in the February index review willContinue Reading
Reuters | | Posted by Singh Rahul Sunilkumar India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to a government notification dated February 15. Windfall tax on crude was cut to 4,350 rupees ($52.60) per tonne from 5,050 rupees per tonne,Continue Reading
Meta Platforms Inc said on Wednesday it had increased the security allowance given to Chief Executive and co-founder Mark Zuckerberg and his family by $4 million to $14 million. “This increased allowance, together with the costs of Zuckerberg’s existing overall security program, are appropriate and necessary under the circumstances,” MetaContinue Reading
Most institutional forecasters expect the global economy to lose momentum going forward. This is bound to generate headwinds for India’s growth prospects as well. However, the relationship between the global economy and India’s growth prospects is far from simple. Here are four charts that explain this argument in detail. ExportsContinue Reading