After the merger of regional rural banks (RRBs) under the “One State, One RRB” policy to improve their efficiency and minimise competition among public-sector banks (PSBs) that sponsor them, the government is planning to list at least five RRBs by
India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO B V R Subrahmanyam said on Saturday. Briefing reporters after the 10th Governing Council meeting of Niti Aayog, Subrahmanyam said overall geopolitical and economic environment
Adani Ports and JSW Infrastructure, India’s leading private port operators, are expanding their logistics services to capture extra cargo while they run integrated transport services. Photograph: Jon Nazca/Reuters “With incrementally less availability of lucrative port assets that can drive cargo
NTPC Ltd reported a 22.6% sequential rise in consolidated net profit for the fourth quarter of FY24 at ₹5,778 crore, falling marginally short of CNBC-TV18’s poll estimate of ₹5,810 crore. Revenue for the quarter stood at ₹43,903.7 crore, up 6%
State-owned power giant NTPC on Saturday reported nearly 22 per cent rise in consolidated net profit to ₹7,897.14 crore for the March quarter, driven by higher operational income. It had reported a net profit of ₹6,490.05 crore in the January-March
US President Donald Trump has said it is ok for Apple to go to India to build its plants, but then the tech company will not be able to sell its products in America without tariffs. IMAGE: Apple CEO Tim
The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to be paid to the government for the fiscal ended March this year, 27.4 per cent more than the payout in 2023-24. Illustration: Uttam Ghosh/Rediff The Reserve
India’s forex reserves dropped $4.89 billion to $685.73 billion for the week ended May 16, the Reserve Bank of India said on Friday. Photograph: Kham/Reuters The overall reserves jumped by $4.553 billion to $690.617 billion in the previous reporting week.
US President Donald Trump on Friday again sought to pressurise Apple on its decision to increase production of its iPhone in India. Photograph: Kent J Edwards/Reuters Trump said that Apple will have to pay a 25 per cent import tariffs
Electric two-wheeler company, Ola Electric Mobility Ltd, on Thursday (May 22) said its board has approved a proposal to raise up to ₹1,700 crore through the issuance of non-convertible debentures (NCDs) or other eligible debt securities. The fundraising will be
