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Adani Wilmar Q4 Net Profit Jumps 67% To Rs 156.75 Crore

Press Trust of India | Thursday May 02, 2024, New Delhi

Edible oil major Adani Wilmar on Wednesday reported a 67 per cent increase in its consolidated net profit to Rs 156.75 crore for the fourth quarter ended March 2024.

Adani Group's Ambuja Cements Q4 Profit More Than Doubles To Rs 1,525 Crore

Press Trust of India | Thursday May 02, 2024, New Delhi

Adani Group firm Ambuja Cements Ltd on Wednesday reported a consolidated net profit at Rs 1,525.78 crore for the fourth quarter ended on March 2024.

India, Maldives Hold Talks To Enhance Trade Cooperation

Press Trust of India | Wednesday May 01, 2024, Male

Mohamed Saeed, Maldives' Minister of Economic Development and Trade, met with Munu Mahawar, Indian High Commissioner to the archipelago nation on Tuesday.

Kotak Mahindra Bank Joint MD KVS Manian Resigns

Press Trust of India | Tuesday April 30, 2024, Mumbai

Kotak Mahindra Bank on Tuesday announced that its joint managing director KVS Manian, a veteran at the private sector lender, has stepped down with immediate effect.

Adani Total Gas Net Profit Rises 59% In Fourth Quarter

Press Trust of India | Tuesday April 30, 2024

Adani Total Gas Ltd, the city gas retailing joint venture of Adani group and TotalEnergies of France, on Tuesday reported a 59 per cent rise in March quarter net profit on the back of a surge in CNG sales volumes.

Adani Ports And SEZ Gets AAA Rating - India's 1st In Private Infra Development Space

Indo-Asian News Service | Tuesday April 30, 2024, New Delhi

Adani Ports and Special Economic Zone Limited (APSEZ), one of the largest profit contributors for the Adani Group, has been upgraded to AAA rating by Care Ratings.

Ola Cabs CEO Hemant Bakshi Quits, Firm Plans To Cut 10% Jobs

Indo-Asian News Service | Monday April 29, 2024, New Delhi

Ride-hailing platform Ola Cabs CEO, Hemant Bakshi, has resigned from his position just four months after taking the job, according to sources.

BSE Shares Tank 19% After SEBI's New Directive On Regulatory Fee

Press Trust of India | Monday April 29, 2024, New Delhi

Leading stock exchange BSE is expected to shell out more regulatory fee after the markets watchdog Sebi asked the bourse to pay the fee based on the "notional value" of its options contracts rather than on the premium value.

Azim Premji's Company Bets On AI To Prop $10 Billion Fund

Anto Antony, Bloomberg | Monday April 29, 2024

PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into artificial intelligence companies while fine-tuning its proprietary AI investment tools.

After Over 4-Month Ban, Centre Allows Onion Exports To 6 Neighbouring Countries

Press Trust of India | Sunday April 28, 2024, New Delhi

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.

RBI Lays Out Roadmap For Small Lenders To Achieve Universal Bank Status

Reuters | Friday April 26, 2024

India's central bank on Friday released a set of criteria that small lenders need to achieve, including performance metrics and market listing, to become a universal bank and provide comprehensive services to both retail and corporate clients.

RBI Issues Draft Rules On Digital Lending To Give Borrowers A Better Deal

Indo-Asian News Service | Friday April 26, 2024

RBI on Friday released draft guidelines on digital lending to ensure transparency in aggregation of loan products from multiple lenders by lending service providers so that borrowers get prior knowledge about all credit offers that are available.

Patanjali Foods To Evaluate Proposal To Buy Group's Non-Food Business

Press Trust of India | Friday April 26, 2024, New Delhi

Patanjali Foods Ltd, which is mainly into edible oils, on Friday said it will evaluate a proposal to acquire the non-food business of promoter group Patanjali Ayurved led by Baba Ramdev.

Rs 1,000 Turned To Rs 20 Lakh In A Day? Trader's Big Claim On Kotak Bank

NDTV News Desk | Friday April 26, 2024

The "21 din me paisa double" dialogue from 'Phir Hera Pheri' has become a quintessential meme template. But a trader's move in the share market two days ago has likely topped it by a multifold.

Uday Kotak Loses Rs 10,800 Crore In A Day After RBI Action

Preeti Singh, Ashutosh Joshi and Alexander Sazonov, Bloomberg | Friday April 26, 2024

Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia's richest banker. After India's regulator slapped his bank with a surprise ban, he's facing one of his biggest tests yet - and a dip in wealth.