Tata Trusts has announced plans to amend the restrictive clauses in the Bai Hirabai Trust deed, specifically those prohibiting non-Zoroastrians from becoming trustees, following a recent challenge by a former trustee regarding appointments. IMAGE: Head office of the Tata group
HDFC Bank, India’s largest private-sector lender, announced an 8.04 per cent surge in its March quarter consolidated net profit to Rs 20,350.76 crore, while simultaneously cautioning about the potential impact of the West Asia conflict on its small-business borrowers. Photograph:
Yes Bank has announced a robust 45 per cent surge in its March quarter net profit to Rs 1,068 crore, with its new leadership signalling the successful conclusion of a six-year recovery period and an ambitious pivot towards aligning loan
The Federation of Indian Export Organisations (FIEO) has formally requested the Reserve Bank of India (RBI) to provide crucial liquidity support to Indian exporters, who are grappling with a dramatic surge in freight costs and extended payment cycles exacerbated by
ICICI Bank Ltd. reported its fourth quarter earnings on Saturday, April 18. Its net profit increased 8.5% to ₹13,701.7 crore from ₹12,630 crore in the previous year. It was also above Street estimates of ₹12,949 crore. The lender’s net interest
PC Jeweller Ltd. on Friday said that it has reduced its outstanding bank debt by approximately 10%, as per the company’s joint settlement agreement with a group of lenders. This development constitutes a part of the jewellery brand’s ongoing debt
UltraTech Cement, an Aditya Birla Group company, has cemented its position as the world’s largest cement producer outside China by surpassing 200 million tonnes per annum (mtpa) capacity in India, with ambitious plans to invest Rs 16,000 crore for further
Indian stock markets, including the Sensex and Nifty, surged nearly 1 per cent today, buoyed by a significant improvement in global risk appetite following the de-escalation of geopolitical tensions in the Middle East and renewed foreign fund inflows. Photograph: Shailesh
The Indian rupee strengthened by 23 paise to close at 92.91 against the US dollar, buoyed by a weakening American currency, retreating crude oil prices, and fresh foreign fund inflows amidst growing optimism for easing geopolitical tensions. Photograph: Priyanshu Singh/Reuters
India’s foreign exchange reserves have crossed the crucial $700 billion mark, surging by $3.825 billion to $700.946 billion during the week ended April 10, signalling a robust recovery and strengthening the nation’s economic resilience. Illustration: Dado Ruvic/Reuters Key Points India’s
