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
Dar Credit and Capital IPO: The ₹26 crore SME initial public offer (IPO) of Dar Credit and Capital, which opened for subscription on May 21, closed today. Dar Credit and Capital IPO recorded blockbuster subscription numbers, with the issue garnering
India’s largest drug maker Sun Pharmaceutical on Thursday posted a decline of 19 per cent year-on-year (Y-o-Y) for its consolidated net profit for the fourth quarter of the financial year 2025 (Q4FY25) at Rs 2,149.8 crore. Photograph: Francis Mascarenhas/Reuters Meanwhile,
The National Payments Corporation of India (NPCI) is stepping up its supervision of the Unified Payments Interface (UPI) to prevent future disruptions caused by stress on the core network. Kindly note the image has been posted only for representational purposes.
The ‘swift’ clean-up by the interim management of IndusInd Bank will help rebuild trust in the private sector lender, Ashok Hinduja, Chairman of its promoter grouping IIHL, said on Thursday. Photograph: Anushree Fadnavis/Reuters Hinduja also affirmed IIHL’s commitment to support
Diversified conglomerate ITC Ltd on Thursday posted a nearly four-fold jump in consolidated net profit to Rs 19,807.8 crore for the quarter ended March 31. Illustration: Dado Ruvic/Reuters It had reported a profit of Rs 5,013.18 crore in the year-ago
IndusInd Bank on Wednesday (May 21) said that its Board suspects a fraud involving certain employees, who played a significant role in the lender’s accounting and financial reporting, and has directed all necessary actions to be taken under applicable laws,
