Indian Bank posts 55% jump in Q4 net profit, declares dividend of Rs 12 per share

Mumbai (IANS) The Indian Bank on Monday reported a 55 per cent rise in net profit to Rs 2,247 crore for the January-March quarter of 2023-24, compared to the corresponding figures of Rs 1,447 crore reported in the same period of the previous year.

$100 billion worth chips needed for India’s $300 billion electronics production goal by FY26

New Delhi (IANS) As India aims to reach $300 billion electronics production by FY26, it will trigger demand for semiconductors worth $90-$100 billion, largely driven by domestic mobile manufacturing -- an opportunity the country must tap.

The…

Sharp movements ahead, trade cautiously

New Delhi (IANS) The week went by and had four trading days with a mid-week holiday on May 1, thereby making it two periods of two days each. The volatility witnessed was several notches higher than usual. Surprises one to note that just about 10…

IDBI Bank registers 44 per cent jump in net profit for Jan-March quarter

Mumbai (IANS) The IDBI Bank on Saturday reported a 44 per cent jump in standalone net profit to Rs 1,628.5 crore for the January-March quarter of 2023-24 compared to the corresponding figure of Rs 1,133 crore for the same period of the previous financial…

Apple logs strong double-digit growth in India, to produce more in country: Tim Cook

New Delhi (IANS) Apple registered strong double-digit growth in India in the March quarter this year and the company will continue to expand its operations, the company’s CEO Tim Cook said on Friday, adding that in order to be competitive, they need…

RBI tweaks rules to cut risk banks face in exposure to capital markets

Mumbai (IANS): The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs).

The RBI issued a circular stating that “only those custodian…

Sensex rises over 200 points on strong domestic cues

New Delhi (IANS) The Bombay Stock Exchange (BSE) Sensex gained more than 200 points on Thursday on strong domestic cues.

Among the Sensex stocks, Powergrid was up more than 3 per cent while Tata Motors, Asian Paints, Sun Pharma, Tata Steel,…

Nifty, Sensex close with marginal gains in volatile session

Mumbai (IANS) The domestic indices posted moderate gains on Thursday in line with global trends.

While the Nifty settled at 22,648.20, up 43 points, or 0.19 per cent, the Sensex closed with a gain of 128 points, or 0.17 per cent, at 74,611.11…

Eager to harness AI to bring societal benefit for 'Bharat': OpenAI's first employee in India

New Delhi (IANS) Sam Altman-run ChatGPT developer OpenAI is eager to contribute to India's artificial intelligence (AI) mission by collaborating with developers, users and policymakers, Pragya Misra, the company’s Public Policy & Partnerships…

Adani Wilmar clocks 67 per cent surge in PAT for FY24, gains market share across key products

Ahmedabad (IANS) Adani Wilmar on Wednesday reported a 67 per cent surge in profit after tax (PAT) at Rs 157 crore for the quarter ended March 31, 2024, compared to Rs 94 crore in the same quarter in the last fiscal year.

The revenue for the…