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GLOBAL NEWS | Sat, 27 Apr 2024, 5:30PM IST The Spotify chief has co-founded a new start-up, Neko Health, that aims to make head-to-toe health scans part of the annual health checkup routine.

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GLOBAL NEWS | Sat, 27 Apr 2024, 5:30PM IST Business executives who are concerned about antisemitism on college campuses have other options for influencing the schools actions, Andrew Ross Sorkin writes.

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INDIA MARKET | Sat, 27 Apr 2024, 5:25PM IST Navratna status is accorded to PSUs who are authorised to take up investments of up to 1,000 crore without Central nod.

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INDIA MARKET | Sat, 27 Apr 2024, 5:21PM IST Total Operating Income rise 27.96% to Rs 8220.48 crore

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INDIA MARKET | Sat, 27 Apr 2024, 5:21PM IST Sales rise 14.52% to Rs 611.18 crore

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INDIA MARKET | Sat, 27 Apr 2024, 5:19PM IST IDFC First Bank reported an interest income of Rs 8,219.21 crore in the January-March quarter, which was higher than Rs 6,424.35 crore reported in the year ago period.

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INDIA MARKET | Sat, 27 Apr 2024, 5:18PM IST ICICI Bank reported 17.38% increase in net profit to Rs 10,707.53 crore on a 20.74% rise in total income to Rs 43,597.14 crore in Q4 FY24 as compared with Q4 FY23.

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INDIA BUSINESS | Sat, 27 Apr 2024, 5:01PM IST Private sector lender RBL Bank on Saturday reported a 30 per cent rise in the post-tax net profit for the March quarter at Rs 353 crore, driven by non-interest income. The Maharahstra-based lender had reported a net profit of Rs 271 crore in the year-ago period. Its core net interest income grew 18 per cent to Rs 1,600 crore on a 20 per cent loan growth. However, it was limited by a compression in the net interest margin to 5.45 per cent against 5.62 per cent a year ago. The other income grew 30 per cent to Rs 875 crore during the reporting quarter. Its managing director and chief executive R Subramaniakumar told reporters that he sees advances continuing to grow in the 20 per cent range going forward as well. The deposit growth came at 22 per cent even in the challenging market. On the asset quality front, overall slippages increased to 0.56 per cent of the assets from the year-ago period's 0.44 per cent and were driven by microlending and also unsecured loans. The gross ...

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INDIA BUSINESS | Sat, 27 Apr 2024, 5:01PM IST YES Bank Q4FY24 results: The bank's non-interest income gives a boost; witnesses slippages in the unsecured book

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INDIA BUSINESS | Sat, 27 Apr 2024, 5:00PM IST The core net interest income increased 8.1% to 19,093 crore on a 16.8% growth in loans.

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INDIA BUSINESS | Sat, 27 Apr 2024, 4:56PM IST Further, reports have revealed that five breaks in the underwater cable significantly affected internet connectivity, especially from eastern routes. The restoration efforts are estimated to take around a month to fully repair the damaged sections of the fibre optic cable.

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INDIA BUSINESS | Sat, 27 Apr 2024, 4:53PM IST Graphic India, a pioneer in Indian-themed character entertainment, and acclaimed author Neil Gaiman are collaborating on a new English-language animated film titled 'Cinnamon'. Adapted from a short story by Gaiman, the screenplay will be co-written by Gaiman and leading Indian animation writer Sharad Devarajan.

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INDIA MARKET | Sat, 27 Apr 2024, 4:49PM IST IDFC First Bank Q4 Results: IDFC First Bank announced a net profit of Rs 724.35 crore for the quarter ending on March 31, marking a decrease from Rs 802.62 crore reported in the corresponding period last year. In the January-March quarter, IDFC First Bank recorded an interest income of Rs 8,219.21 crore, showing an increase from Rs 6,424.35 crore reported in the same period a year ago. This signifies a 28% rise on a year-on-year basis.

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INDIA MARKET | Sat, 27 Apr 2024, 4:45PM IST The private lender's standalone net profit jumped 30.1% to Rs 352.64 crore on 27.08% jump in total income to Rs 4,214.56 crore in Q4 FY24 over Q4 FY23.

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INDIA BUSINESS | Sat, 27 Apr 2024, 4:44PM IST Its gross non-performing asset ratio improved to 1.7 per cent at the end of March from 2 per cent at the end of December

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INDIA MARKET | Sat, 27 Apr 2024, 4:38PM IST Yet unless you're constantly pulling out a calculator, you're unlikely to know whether your wages are keeping up with inflation, whether the stock market has actually hit a real peak or whether a lottery jackpot is as sweet as the marketers claim.

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INDIA MARKET | Sat, 27 Apr 2024, 4:38PM IST Yet unless you're constantly pulling out a calculator, you're unlikely to know whether your wages are keeping up with inflation, whether the stock market has actually hit a real peak or whether a lottery jackpot is as sweet as the marketers claim.

Continue reading at Economic Times

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INDIA MARKET | Sat, 27 Apr 2024, 4:30PM IST India's second largest private lender ICICI Bank today reported a standalone net profit of Rs 10 707.53 crore for the quarter ended March 31, 2024 which was up by 17.38% from Rs 9121.87 crore reported in the year ago period.

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INDIA BUSINESS | Sat, 27 Apr 2024, 4:29PM IST The source said the plane had to return due to landing gear issue and that an emergency was declared for the flight. There was no immediate statement from IndiGo.

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INDIA MARKET | Sat, 27 Apr 2024, 4:27PM IST Gross NPA stood at 2.16 percent, down from 2.81 percent in the same quarter last year. The net NPA for the quarter stood at 0.42 percent compared to 0.48 percent last year.

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INDIA MARKET | Sat, 27 Apr 2024, 4:27PM IST Gross NPA stood at 2.16 percent, down from 2.81 percent in the same quarter last year. The net NPA for the quarter stood at 0.42 percent compared to 0.48 percent last year.

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INDIA BUSINESS | Sat, 27 Apr 2024, 4:27PM IST The bank's standalone net profit rose to a record Rs 10,707.5 crore in the January-March quarter, from Rs 9,122 crore in the same period a year earlier

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INDIA BUSINESS | Sat, 27 Apr 2024, 4:27PM IST The bank's standalone net profit rose to a record Rs 10,707.5 crore in the January-March quarter, from Rs 9,122 crore in the same period a year earlier

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INDIA MARKET | Sat, 27 Apr 2024, 4:25PM IST Sales rise 34.76% to Rs 272.02 crore

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INDIA MARKET | Sat, 27 Apr 2024, 4:19PM IST The private lender's standalone net profit zoomed 123.23% to Rs 451.89 crore in Q4 FY24 as against RS 202.43 crore reported in Q4 FY23.

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INDIA BUSINESS | Sat, 27 Apr 2024, 4:18PM IST Centre allows export of 99,500 tonnes of onions from Maharashtra to six countries despite domestic ban

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INDIA MARKET | Sat, 27 Apr 2024, 4:17PM IST ICICI Bank Q4 Result: India's second-largest private lender, disclosed a standalone net profit of Rs 10,707.53 crore for the quarter ending March 31, 2024. This marks a notable increase of 17.38% compared to Rs 9,121.87 crore reported in the corresponding period last year. Furthermore, ICICI Bank recorded an interest income of Rs 37,948.36 crore during the quarter, reflecting a robust growth of 22.33% from Rs 31,021.13 crore reported in the same period last year.

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INDIA MARKET | Sat, 27 Apr 2024, 4:17PM IST ICICI Bank Q4 Result: India's second-largest private lender, disclosed a standalone net profit of Rs 10,707.53 crore for the quarter ending March 31, 2024. This marks a notable increase of 17.38% compared to Rs 9,121.87 crore reported in the corresponding period last year. Furthermore, ICICI Bank recorded an interest income of Rs 37,948.36 crore during the quarter, reflecting a robust growth of 22.33% from Rs 31,021.13 crore reported in the same period last year.

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INDIA NEWS | Sat, 27 Apr 2024, 4:13PM IST Iran said Saturday it would release the crew members of a Portuguese-flagged ship that its forces seized this month in the Gulf.The Islamic Revolutionary Guard Corps took over the MSC Aries with 25 crew members on board near the Strait of Hormuz on April 13.Tehran later said the ship belonged to its arch-foe Israel and was being investigated for alleged violations of international maritime law. "The humanitarian issue of the release of the ship's crew is of great concern to us," Iran's Foreign Minister Hossein Amir-Abdollahian said in a phone call with his Portuguese counterpart Paulo Rangel."We have given consular access to their ambassadors in Tehran and announced to the envoys that the crew members will be released and extradition," he was quoted as saying in a statement from his ministry, without elaborating.Following the ship's seizure, Portugal summoned Iran's ambassador to demand its immediate release.On April 18, India said one of the 17 Indian crew members had returned home and that the others were granted consular access."They are in good health, and they are not facing any problems on the ship. As for their return, there are some technicalities involved in it," an Indian foreign ministry spokesman said on Thursday.The ship's seizure took place hours before Iran carried out its first-ever direct attack on Israel, launching hundreds of drones and missiles.The Israeli military said nearly all of the projectiles were intercepted.Israel and the United States have denounced the seizure of the ship as an act of "piracy".Regional tensions have soared since war broke out nearly seven months ago between Israel and Palestinian militant group Hamas in the Gaza Strip.

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INDIA NEWS | Sat, 27 Apr 2024, 3:54PM IST The Centre on Saturday said it has allowed exports of 99,500 tonnes of onions, mainly sourced from Maharashtra, to six neighbouring countries despite the ban on shipments. The Centre has also allowed exports of 2,000 tonnes of white onion cultivated, especially, for export markets in the Middle East and some European countries. On December 8, 2023, the government banned export of onions. In an official statement, the Ministry of Consumer Affairs, Food & Public Distribution said the government has "allowed export of 99,150 tonnes of onion to six neighbouring countries of Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka". The export prohibition has been imposed to ensure adequate domestic availability against the backdrop of estimated lower Kharif and Rabi crops in 2023-24 compared to the previous year. The ban was imposed amid an increase in demand in the international market, it added. The National Cooperative Exports Limited (NCEL), the agency for the export of onion to

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INDIA BUSINESS | Sat, 27 Apr 2024, 3:52PM IST The Mumbai Indians all-rounder is battling poor form this IPL season, raising questions about his inclusion in India's T20 World Cup squad, which is to be announced soon.

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INDIA MARKET | Sat, 27 Apr 2024, 3:52PM IST Sales rise 65.81% to Rs 9.07 crore

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INDIA MARKET | Sat, 27 Apr 2024, 3:43PM IST During the quarter under review, the company's expenses rose to Rs 483.3 crore from Rs 432.4 crore a year ago.

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INDIA MARKET | Sat, 27 Apr 2024, 3:36PM IST The BSE Sensex surged 642 points, or 0.88%, at 73730.16 during the week ended on April 26, 2024. While the Nifty50 index gained 273 points, or 1.23%, to 22419.95.

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INDIA BUSINESS | Sat, 27 Apr 2024, 3:36PM IST Pumps and valves maker KSB Ltd has reported a 7.75 per cent growth in net profit to Rs 43.1 crore for the quarter ended March 31, 2024. It had clocked a net profit of Rs 40 crore in the year-ago period, the company said in a statement on Saturday. The company follows January to December as financial year. During the quarter under review, the company's expenses rose to Rs 483.3 crore from Rs 432.4 crore a year ago. Sales revenues rose to Rs 544.2 crore from Rs 489.6 crore. This quarter we have registered a steady growth in sales revenue, which is 11.2 per cent higher than that of the corresponding Q1 2023 quarter. Our recent venture into the light water application of nuclear plant segment highlights our ongoing expansion efforts," Prashant Kumar, Vice President of Sales and Marketing, KSB said. The company has received a letter of award for a project worth Rs 63 crore under PM-Kusum scheme from Maharashtra Energy Development Agency for installation of 2,500 solar water pumping .

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INDIA MARKET | Sat, 27 Apr 2024, 3:36PM IST ETMarkets identified 6 stocks within the BSE largecap index that consistently rose in price throughout the last 5 trading sessions. (Data Source: ACE Equity)

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INDIA MARKET | Sat, 27 Apr 2024, 3:35PM IST Sales rise 26.66% to Rs 284.78 crore

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INDIA MARKET | Sat, 27 Apr 2024, 3:35PM IST Sales decline 5.89% to Rs 539.43 crore

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INDIA BUSINESS | Sat, 27 Apr 2024, 3:32PM IST Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at Rs 1,038.65 crore for the last fiscal year. Its net loss stood at Rs 608.38 crore in 2022-23. Total income also fell to Rs 468.75 crore during 2023-24 from Rs 648.47 crore in the preceding year, according to a regulatory filing on Friday. IBREL's ness loss in March quarter FY24 narrowed to Rs 302 crore from Rs 375.99 crore in the year-ago period. Total income fell to Rs 39.54 crore in the quarter from Rs 132.91 crore in the year-ago period. Mumbai-based IBREL is one of the leading real estate developers in the country.

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INDIA NEWS | Sat, 27 Apr 2024, 3:29PM IST Private sector lender RBL Bank reported a 30 percent growth ( year-on-year) to Rs 353 crore for the quarter ended March 24 on higher loan growth and containing bad loans.For the full financial year 2023-24 , net profit rose 32 percent to Rs 1168 crore. The bank's board proposed a dividend of Rs l.50/- per share for the financial year 2023-24 subject to all shareholders' approval. " Growth in assets and liabilities , cross selling and our ( success) in maintaining asset quality contributed to the growth in profits" said Mr. R Subramania kumar, MD & CEO, RBL Bank.The bank's interest income rose 26 percent year on year to Rs 3339 crore during the March'24 quarter , while interest expenses increased by 35 percent to Rs 1739 crore, according to the filings it made to the exchanges. Other income essentially comprising treasury profits rose 30 percent to 875 crore during the quarter.The bank's net interest margin eased to 5.45 percent during the quarter from 5.62 percent a year ago. " There is still some passing pressure on cost, therefore cost of deposit is expected to go up, in the near term, we expect flat margins, but in the future we expect them to go up" Subramanya Kumar said RBL reported a 20% year-on-year growth in net advances for the quarter at RS 83,987 crore, while total deposit climbed 22 percent year-on-year to Rs 103494 crore. The bank's current and savings account ratio amounted to 35.2 percentThe company managed to contain its gross non-performing ratio by 72 basis points year-on-year to 2.65 percent. Provision Coverage Ratio including Technical Write-off was 89.8%, the bank said. But provisioning and contingencies rose 76 percent to Rs 414 crore for the quarter. "In the future, we expect to see 20 % growth in advances and This will be supported by deposit growth", said Kumar said giving the future guidance.

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INDIA BUSINESS | Sat, 27 Apr 2024, 3:29PM IST RBL Bank reported a 30% year-on-year growth to Rs 353 crore in the March 24 quarter, with the full-year net profit reaching Rs 1168 crore. The bank's board proposed a dividend of Rs l.50/- per share for FY 2023-24.

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INDIA MARKET | Sat, 27 Apr 2024, 3:07PM IST The asset management company's consolidated net profit jumps 53.71% to Rs 208.38 crore on 23.1% rise in revenue from operations to Rs 365.57 crore in Q4 FY24 over Q4 FY23.

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INDIA MARKET | Sat, 27 Apr 2024, 2:55PM IST In March and February, FPIs were net buyers at Rs 35,098 crore and Rs 1,539 crore after selling shares worth Rs 25,744 crore in January. On the net basis, they are still buyers at Rs 4,589 crore, so far in this year.

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