PTI | | Posted by Aryan Prakash Domestic steel giant Tata Steel on Monday reported a nearly 90 per cent drop in consolidated net profit to ₹1,297 crore for the July-September quarter of 2023-23, dragged by higher expenses. The company’s net profit stood at ₹12,547.70 crore in the corresponding periodContinue Reading
Hong Kong laid out a master plan to become a top Asian crypto hub offering legalized retail trading and digital-asset exchange-traded funds, part of a wider push to restore the city’s credentials as a financial center. A consultation will begin on how the retail segment “may be given a suitableContinue Reading
Indian shares climbed in early trades on Monday, after rising for two consecutive weeks, boosted by IT and automobile stocks and tracking gains in Asian equities and a fall in oil prices. The NSE Nifty 50 index rose 0.97% to 17,959.30 as of 9:30 AM GMT, and the S&P BSEContinue Reading
Twitter’s new owner Elon Musk fired top executives in an effort to avoid hefty severance payouts, while lining up other layoffs as soon as Saturday to avoid stock grants due on Nov. 1, according to media reports on Saturday. Musk fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer NedContinue Reading
Private lender ICICI Bank has hiked the interest rates on fixed deposits less than ₹2 crore. On its official website, the bank has announced the revised rates after an increase of 50 basis points on the term deposits maturing in seven days to ten years. ICICI Bank is offering interestContinue Reading
Reserve Bank of India governor Shaktikanta Das has urged the ombudsmen to be sensitive in their approach while redressing the grievances of customers to deal with digital lending or financial technology-related matters. Addressing an annual conference of RBI ombudsmen in Jodhpur, Das called upon the central bank’s ombudsmen and theContinue Reading
The banks will be closed for ten days in November this year. In October, the banks were closed for 21 days including Navratri, Durga Puja, Gandhi Jayanti, Dussehra and Diwali, Livemint reported. In November, the ten bank holidays also include regular ones like the second and fourth Saturdays of theContinue Reading
Maruti Suzuki’s managing director Hisashi Takeuchi on Sunday has hailed the Tata-Airbus project, stating that there is a huge business potential in India. “India is a growing market & there is a huge business potential here. For most of the companies abroad, this is a good market to enter into.Continue Reading
Workers are departing Apple Inc.’s biggest iPhone plant in China, seeking to escape hastily enacted Covid measures that left many of the 200,000 staff grappling with inadequate living conditions. Local authorities from several regions in the central Henan province said they will receive home-going workers from Foxconn Technology Group afterContinue Reading
Twitter Inc. will form a content-moderation council that includes “widely diverse viewpoints,” and big decisions on content and account reinstatements are on hold until the group is convened, new owner Elon Musk said, addressing speculation that he might restore banned users to the social network immediately. Musk, whose $44 billionContinue Reading