PTI | | Posted by Singh Rahul Sunilkumar Private sector lender ICICI Bank on Saturday reported a 34 per cent jump in its standalone profit at ₹8,312 crore for the quarter ended in December 2022, helped by healthy growth in net interest income. The bank had posted a net profitContinue Reading
Yes Bank on Saturday posted a drop of 80 per cent in its net profit to ₹52 crore for the quarter ended December, against ₹266.43 crore in the corresponding quarter the previous year. The lender said it was largely impacted due to ageing-related provisions. The bank said its operating profitsContinue Reading
Bitcoin rallied to its highest levels since August ahead of celebrations for the Lunar New Year holiday throughout Asia, surging at the start of the weekend for a second straight time. The largest cryptocurrency rose as much as 2.1% to $22,786, the highest level since August 18. It also hadContinue Reading
Ahead of the Global Investors Summit (GIS) 2023 to be held in Lucknow from February 10 to 12, the Uttar Pradesh government held a roadshow and Business-to-Government (B2G) meetings in Ahmedabad on Friday in which 22 memorandums of understanding (MoUs) worth ₹38,000 crore were signed. The B2G meetings and roadContinue Reading
PTI | | Posted by Ritu Maria Johny Lauding Prime Minister Narendra Modi’s leadership in a fractured world, the World Economic Forum’s Founder and Executive Chairman Klaus Schwab said India is a bright spot amid the global crisis. After attending an India reception on Thursday night during the WEF AnnualContinue Reading
Reuters | | Posted by Ritu Maria Johny Alphabet Inc’s Google is deferring a portion of its employees’ year-end bonuses as part of a transition to a new performance management system, the search engine giant said on Thursday. The company will pay 80% advance bonus to eligible employees initially andContinue Reading
It is becoming nigh impossible to Twitter to announce any changes in a dignified manner these days. After almost a week of bewilderment as access for some third-party apps was blocked, there is finally confirmation (or rules cobbled together at the last minute). Twitter clients that you may have beenContinue Reading
Technology giant Google on Friday announced it is laying off 12,000 employees, citing difficult economic cycles. Chief executive officer Sundar Pichai in his email to employees said the company had undertaken a rigorous review across product areas and functions to ensure that the people and roles are aligned with theContinue Reading
While the healthcare sector is looking forward to raising its funding, the manufacturing industry, recovering from the disruptions caused by the unprecedented pandemic, is banking on Budget 2023 to resurrect operations. The Union Budget 2023 will be presented by Finance Minister Nirmala Sitharaman on 1 February. The healthcare sector alsoContinue Reading
Telecom giant Reliance Jio has posted a 28 per cent rise in its net profit to ₹4,638 crore for the quarter ending December 2022 against ₹3,615 crore in the year-ago period. The revenue from operations grew 18.9 per cent to ₹22,998 crore from ₹19,347 crore in the corresponding quarter lastContinue Reading