Economy

Mumbai, April 27 (SocialNews.XYZ) The country’s second-largest private sector lender ICICI Bank, on Saturday reported a 17.38 per cent increase in net profit to Rs 10,707 crore for the January-March quarter of the financial year…

New Delhi, April 27 (SocialNews.XYZ) Yes Bank saw a key growth in unified payments interface (UPI) transactions monthly — from nearly 3.3 to 5 million — after its partnership with Paytm, its Managing Director and…

Mumbai, April 27 (SocialNews.XYZ) Yes Bank on Saturday reported a more than two-fold jump in net profit to Rs 452 crore for the January-March quarter of the financial year 2023-24, compared to Rs 202.43 crore…

Mumbai, April 26 (SocialNews.XYZ) The RBI on Friday released draft guidelines on digital lending to ensure transparency in the aggregation of loan products from multiple lenders by lending service providers (LSP) so that borrowers get…

New Delhi, April 26 (SocialNews.XYZ) IIFL Samasta Finance, one of India’s largest non-banking microfinance companies (NBFC-MFI), has announced the appointment of three members to its Board of Directors. This strategic move reflects the company’s commitment…

Mumbai, April 26 (SocialNews.XYZ) India’s forex reserves contracted by $2.83 billion to $640.33 billion as of April 19, the latest data released by the RBI on Friday showed. The country’s forex kitty had declined by…

Mumbai, April 26 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Friday issued frequently asked questions (FAQs) to provide more clarity on its guidelines for default loss guarantee (DLG) in digital lending, which were first…

New Delhi, April 26 (SocialNews.XYZ) The country’s leading carmaker Maruti Suzuki India Ltd on Friday reported a 48 per cent jump in net profit to Rs 3,878 crore for the January-March quarter of 2023-24 compared…

New Delhi, April 26 (SocialNews.XYZ) Ministry of Ports, Shipping and Waterways (MoPSW) is actively working on establishing a dedicated Maritime Development Fund akin to established sectoral financial institutions such as Power Finance Corporation, REC and…

New Delhi, April 26 (SocialNews.XYZ) BSE Sensex extended losses to more than 500 points on Friday amid selling in financials. Bajaj Finance was down 8 per cent, Bajaj Finserv was down 3.7 per cent, and…

New Delhi, April 26 (SocialNews.XYZ) Heavyweight IT stock Tech Mahindra jumped more than 8 per cent on Friday on its new growth strategy. Tech Mahindra is the top Sensex gainer and is up 8.31 per…

Mumbai, April 25 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Thursday cautioned the public against Prepaid Payment Instruments issued by unauthorised entities. “Members of public are urged to exercise utmost caution while using websites/…

New Delhi, April 25 (SocialNews.XYZ) The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing Form 10A/Form 10AB by trusts, institutions, and funds under the Income-tax Act till June 30, 2024….

New Delhi, April 25 (SocialNews.XYZ) Power major SJVN Ltd has achieved a significant milestone with the inauguration of India’s first multipurpose Green Hydrogen Pilot Project at its 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS)…

New Delhi, April 25 (SocialNews.XYZ) A sustained flare-up in geopolitical tensions in the Middle East, and the consequent increase in crude oil prices, would negatively impact Indian macros, ratings agency ICRA said on Thursday. “Geopolitical…