Akshay adds that rising treasury yields and surge in crude prices has dampened the outlook for the Indian currency. The rupee has dropped for 16 straight weeks, which has never occurred in its history.
New Delhi: Lendingkart, a fintech company, has announced a nearly 6% decrease in its profit after tax (PAT) for FY24, totaling Rs 174.92 crore, down from Rs 185.93 crore in FY23. According to its consolidated financial statements, employee benefit expenses rose significantly by 75.7% to Rs 199 crore, while finance costs also increased by 16.8%,.
Union Finance Minister Nirmala Sitharaman emphasized that there are no barriers preventing the private sector from engaging in business in India. During a discussion with CSIS President and CEO John J Hamre in Washington, DC, she pointed out that many foreign private insurance companies are already operating in the country. She highlighted that the Indian.
Chennai’s office space market has experienced an astounding 75-fold increase, growing from 1 million sq. ft in 1999 to 76.5 million sq. ft by the first half of 2024, as reported by JLL. Over the past 25 years, the city’s real estate landscape has undergone significant transformation, primarily driven by the IT/ITES sector and the.
Mumbai: Nifty at the National Stock Exchange (NSE) touched a record new lifetime high of 25,114.05 during the trading hour on Wednesday. The sectoral stocks of IT contributed the most to the fresh lifetime high ever of Nifty. Rate cut hopes in the US and subsequent buying from foreign portfolio investors supported the market. The.
New Delhi: As predicted by economists, the Reserve Bank of India’s Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent. Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per.
New Delhi: Over the past seven days, the Adani Group of Stocks has outperformed the Nifty 50. The group companies have experienced gains of between 16 per cent and 63 per cent said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio. He said that Adani Total Gas — one stock that has more than doubled investor wealth.
Reserve Bank of India (RBI) and Bank of England (BoE) on Friday signed a Memorandum of Understanding (MoU) concerning cooperation and exchange of information in relation to the Clearing Corporation of India Limited (CCIL). The MoU establishes a framework for the BoE to place reliance on RBI’s regulatory and supervisory activities while safeguarding UK’s financial.
San Francisco: Putting an end to the high-voltage drama that started last Friday, Microsoft Chairman and CEO Satya Nadella on Monday announced to hire former OpenAI CEO Sam Altman and co-founder Greg Brockman to help the company pursue its advanced AI dreams with a new vertical, also called ‘Sam’. Altman, who was fired by OpenAI.
