Banks entering period of low revenue growth for 2HFY24

New Delhi (IANS) Banks are entering a period of low revenue growth for 2HFY24 as the cost of funds is yet to peak for all players, Kotak Institutional Equities said in a report.

Diversifying books may sustain high loan growth for non-banks,…

Byju’s-owned Great Learning narrows losses in FY23, logs 25% revenue growth

New Delhi (IANS) Byju’s-owned professional learning platform Great Learning cut its losses by nearly 28 per cent to Rs 222 crore in FY23 from Rs 307 crore in FY22.

Great Learning, acquired by edtech major Byju’s for $600 million in July 2021,…

Wholesale price inflation stays in negative zone for 7th straight month in Oct

New Delhi (IANS) The country’s inflation rate based on the wholesale price index (WPI) remained in the negative zone for the seventh consecutive month in October at (-) 0.52 per cent as prices of food items, chemical products and textiles fell during…

FPIs pulling out of stocks but stepping up investments in debt instruments

Mumbai (IANS) Foreign portfolio investors (FPIs) continue to pull out money from the Indian equity markets in November but have stepped up investment in debt instruments resulting in a net inflow of foreign funds to the tune of Rs 1,525 crore as of…

India Inc's investment activity limited to some pockets: Bank of Baroda

Chennai (IANS) Investment activity by India Inc is not yet broad-based but limited to some pockets, states a research study by Bank of Baroda.

According to the report, from the financing point of view, it is uncertain whether or not investment…

BSE posts 4-fold jump in Q2 net profit

Mumbai (IANS) BSE, the country’s leading stock exchange, has posted a four-fold jump in net profit at Rs 118.4 crore for the July-September quarter of the current financial year.

The exchange had made a net profit of Rs 29.4 crore in the same…

ONGC declares interim dividend as Q2 net profit surges to Rs 13,734 crore

New Delhi (IANS) Oil and Natural Gas Corporation (ONGC) on Friday reported a 65.5 per cent year-on-year increase in consolidated net profit to Rs 13,734 crore for the July-Sept quarter of the current financial year due to a reduction in costs.

Direct tax collections record 17.6% rise to Rs 12.37 lakh cr

New Delhi (IANS) The country’s gross direct tax collections have risen to Rs 12.37 lakh crore mark as of November 9 during the current financial tear which represents a 17.59 per cent increase over the same period of the previous year, according to…

M&M drives with Q2 PAT of Rs 3,451.88 cr

Chenna (IANS) Automobile major Mahindra & Mahindra (M&M) Ltd closed the second quarter of FY24 with a higher net profit of Rs 3,451.88 crore.

In regulatory filing, M&M said for the quarter ended September 30, it has earned an operational income…

Black Box strengthens India presence with new Center of Excellence

New Delhi (IANS) Black Box Limited (formerly AGC Networks Limited), a trusted IT solutions provider announced the inauguration of its new Center of Excellence in Bengaluru.

Black Box is one of Essar’s key investments in the technology and retail…