Finance: News
19 Apr 2024
BusinessGodrej family begins formal division of century-old conglomerate
The prominent Godrej family has reportedly begun the formal division of their extensive empire, with a focus on imminent divestments.
15 Apr 2024
StartupsZerodha co-founder Nikhil Kamath launches 'WTFund' for Gen Z entrepreneurs
Billionaire Nikhil Kamath, co-founder of Zerodha, has introduced WTFund, a unique non-dilutive grant agnostic fund.
15 Apr 2024
NBFCAditya Birla Capital set to launch comprehensive fintech super app
Aditya Birla Capital Ltd., a leading non-banking financial company (NBFC) in India, is preparing to launch an all-encompassing fintech super app named 'ABCD.'
02 Apr 2024
Stock MarketCoinSwitch parent launches stock trading app to rival Zerodha, Groww
PeepalCo, the parent company of crypto trading app CoinSwitch, has officially entered the stock broking sector with its latest app, Lemonn.
29 Mar 2024
IndiaIndia's April-February fiscal deficit covers 86.5% of FY24 target
India's fiscal deficit from April to February in FY24, has reached Rs. 15.01 lakh crore, marking approximately 86.5% of the annual target, according to recent data.
05 Mar 2024
Stock MarketWhy India's inclusion in Bloomberg Bond Index matters
Bloomberg Index Services (BISL) has announced that Indian bonds will join its Emerging Market (EM) Local Currency Index starting January 31, 2025.
19 Feb 2024
BusinessJapan's Kirin invests $25M in craft beer brand Bira 91
Japan's Kirin Holdings is set to invest an additional $25 million in B9 Beverages, the company behind craft beer Bira 91 and pub chain Beer Cafe.
09 Feb 2024
Stock MarketBandhan Bank's Q3 net profit jumps threefold to Rs. 733cr
Bandhan Bank has announced a remarkable 152.06% increase in net profit, reaching Rs. 732.7 crore for the third quarter ending December 31, 2023.
02 Feb 2024
Stock MarketDelhivery's Q3 revenue up 20% YoY to Rs. 2,194 crore
Delhivery has announced a net profit of Rs. 11.7 crore for the quarter ending in December 2023.
01 Feb 2024
LakshadweepInterim Budget: Centre's focus on boosting Lakshadweep's tourism, says Sitharaman
During her budget speech on Thursday, Union Finance Minister Nirmala Sitharaman announced the government's plan to ramp up investment in the tourism sector.
01 Feb 2024
Nirmala SitharamanCentre's Rs. 1tn fund offers interest-free loans to boost innovation
Union Finance Minister Nirmala Sitharaman, presented the Interim Budget 2024-25, in the Parliament today.
25 Jan 2024
IndiaIndian Bank's wholly-owned subsidiary will ensure on-ground money collection, recovery
Indian Bank will launch a wholly-owned subsidiary in India, backed by a capital infusion of Rs. 10 crore. It will focus on collection, sales, back-office processing, and marketing.
24 Jan 2024
Tata SteelTata Steel reports Q3 profit of Rs. 522 crore
Tata Steel experienced a remarkable turnaround in Q3 FY24.
04 Jan 2024
Business'Rich Dad, Poor Dad' author admits to $1.2 billion debt
The author of Rich Dad, Poor Dad, Robert Kiyosaki recently shared that he has accumulated $1.2 billion in debt.
02 Jan 2024
JP MorganFPI investment in Indian debt instruments turns positive in 2023
In 2023, foreign portfolio investors (FPIs) poured Rs. 68,663 crore into Indian debt instruments, a significant turnaround after three years of outflows.
29 Dec 2023
Government of IndiaInterest rates raised on select small savings schemes for Jan-Mar
The Government of India has announced an uptick in interest rates for two small savings schemes in the January-March 2024 quarter.
29 Dec 2023
IndiaIndia's April-November fiscal deficit narrows to 50.7% of FY24 target
India's fiscal deficit for the first eight months of the current financial year, from April to November, reached Rs. 9.07 lakh crore.
20 Dec 2023
IndiaIndian companies' dollar bond fundraising hits 14-year low: Here's why
In 2023, Indian companies experienced their lowest dollar bond fundraising since 2009, raising a mere $4.1 billion through six bond issues.
20 Dec 2023
Bank of BarodaBank of Baroda, NABARD, and IREDA raise crores through bonds
Bank of Baroda has raised Rs. 2,500 crore via 10-year Basel-III Tier-II bonds, offering a 7.75% coupon rate.
20 Dec 2023
National Stock ExchangeSIDBI and KIIFB to float bonds worth Rs. 6,500 crore
The Small Industries Development Bank of India (SIDBI) and Kerala Infrastructure Investment Fund Board (KIIFB) will issue bonds totaling Rs. 6,499.96 crore tomorrow (December 21).
19 Dec 2023
Reserve Bank Of India (RBI)RBI restricts lenders from investing in AIFs with debtor links
The Reserve Bank of India (RBI) has declared that regulated entities (REs), such as banks, non-bank lenders, and home financiers, are now forbidden from investing in alternative investment funds (AIFs).
14 Dec 2023
VedantaVedanta Resources secures $1.25 billion loan for debt refinancing
Vedanta Resources Ltd (VRL), the parent company of Vedanta Group, announced that it has secured $1.25 billion from private credit lenders.
08 Dec 2023
StartupsZerodha founders' salaries touch Rs. 200 crore in FY23
Zerodha co-founders and brothers, Nithin and Nikhil Kamath, received a combined compensation of Rs. 195.4 crore in fiscal year 2022-23 (FY23).
24 Nov 2023
Government of IndiaCentre permits online bond platform providers to form industry body
The Indian government has given the green light to online bond platform providers to establish their industry body, the 'OBPP Association.'
22 Nov 2023
LifestyleHow to have open conversations about money with your partner
Building a new relationship is an exhilarating journey, but the terrain of discussing financial matters can be intimidating.
16 Nov 2023
BusinessSiemens forecasts sales growth to slow down in 2024
Siemens has provided a more conservative sales forecast for 2024 after announcing better-than-expected Q4 industrial profits.
08 Nov 2023
Tata PowerTata Power's Q2 profit rises 8.8% YoY to Rs. 1,017cr
Tata Power has announced an 8.8% year-over-year (YoY) increase in its consolidated net profit for Q2 FY24, reaching Rs. 1,017 crore.
07 Nov 2023
Indian Railway Catering and Tourism CorporationIRCTC's Q2 net profit rises 30% to Rs. 295 crore
The Indian Railway Catering and Tourism Corporation (IRCTC) has announced a net profit of Rs. 294.67 crore for Q2 of FY24.
03 Nov 2023
Stock MarketMRF's Q2 net profit surges fivefold to Rs. 572 crore
MRF Ltd witnessed a remarkable surge in its Q2 net profit, soaring five times to Rs. 572 crore, compared to Rs. 124 crore during the same period last year.
03 Nov 2023
BusinessMaersk announces 10,000 job cuts amid weaker shipping demand
Danish shipping group Maersk has experienced a substantial decline in Q3 revenue. This has prompted the firm to eliminate 10,000 jobs due to decreased freight rates and weakened demand for container shipping.
03 Nov 2023
BMWBMW's Q3 margin beats estimates, maintains annual forecast
BMW has revealed an increased third-quarter automotive margin, with high-priced and electric vehicle sales keeping the company on track to meet yearly projections.
02 Nov 2023
United KingdomBank of England's interest rate at 15-year high of 5.25%
The Bank of England (BoE) has decided to keep the interest rate steady at a 15-year high of 5.25%, as it continues to combat the highest inflation among major developed economies.
02 Nov 2023
Adani GroupAdani Power reports an 848% increase in Q2 net profit
Adani Power revealed a staggering 848% boost in its consolidated net profit for the quarter ending September 30, 2023, reaching Rs. 6,594 crore.
02 Nov 2023
CognizantCognizant's Q3 net profit declines 19.8% to $525 million
Cognizant has experienced a 19.8% drop in net profit for Q3, falling to $525 million from $629 million the previous year.
02 Nov 2023
SoftBank GroupSoftBank raises $799 million in Japan's first bond-type stock listing
SoftBank Group has raised 120 billion yen (around $799 million) in Japan's inaugural bond-type share listing on the Tokyo Stock Exchange.
01 Nov 2023
Hero MotoCorpHero MotoCorp chairperson takes pay cut, Q2 profit up 47%
Hero MotoCorp's Executive Chairperson, Pawan Munjal, has voluntarily chosen to reduce his fixed salary by 20%.
01 Nov 2023
Indian GovernmentOctober GST collection touches second-highest ever at Rs. 1.72L crore
The Ministry of Finance revealed that the Centre's Goods and Services Tax (GST) revenue for October 2023 reached Rs. 1.72 lakh crore.
31 Oct 2023
Larsen & ToubroL&T's Q2 profit goes up 45% to Rs. 3,223 crore
Larsen & Toubro (L&T) has experienced a 45% year-on-year surge in net profit for the second quarter of the 2023-24 fiscal year, reaching Rs. 3,223 crore.
30 Oct 2023
Reserve Bank Of India (RBI)RBI's wholesale CBDC pilot losing traction due to low interest
Reserve Bank of India (RBI)'s pilot program for Central Bank Digital Currency (CBDC) in the wholesale sector has experienced a decline in recent months.
26 Oct 2023
Personal FinanceWealth-building strategies millionaires live by
Millionaires adopt certain financial practices well before they reach the seven-figure mark, which enables them to succeed financially.
20 Oct 2023
BusinessCredit Suisse to trim workforce by 10% soon: Report
UBS Group AG is gearing up for another round of job cuts at Credit Suisse, with about 10% of support staff in compliance, risk, and marketing roles on the chopping block.
10 Oct 2023
BusinessIREDA to raise Rs. 1,000cr through 10-year bonds
The Indian Renewable Energy Development Agency (IREDA) is gearing up to raise a Rs. 1,000 crore through the issuance of bonds that have a 120-month maturity period, reported Moneycontrol.
15 Sep 2023
IndiaIndia's trade deficit shrinks to $24.16 billion in August
India's merchandise trade deficit decreased to $24.16 billion in August this year. This is down 2.8% from the same month in 2022, according to Commerce Secretary Sunil Barthwal.
04 Sep 2023
Stock MarketNikhil Kamath invests Rs. 100cr in Nazara Technologies, stock skyrockets
Nazara Technologies, a diversified gaming and sports media platform, has raised Rs. 100 crore from Zerodha co-founder Nikhil Kamath.
23 Aug 2023
EuropeEurozone business activity plummets, declining service industry to blame
Eurozone business activity has taken a significant hit this month, with Germany, Europe's largest economy, experiencing a particularly sharp downturn.
28 Jun 2023
SwitzerlandUBS to fire over 20,000 Credit Suisse employees
Deep cuts were expected at Credit Suisse from the moment the bank was acquired by UBS, its former local rival. Now, Bloomberg has reported that over half of Credit Suisse's employees will be fired starting next month.
17 Apr 2023
InfosysInfosys shares nosedive nearly 15%: Here's why
Infosys, India's second-largest IT firm, recently announced its quarterly results. The company's performance in the fourth quarter of FY23 was underwhelming at best.
13 Apr 2023
IndiaIndia Inc.'s Q4 revenue growth to decline: Here's why
Companies have started reporting their Q4 FY23 results, and they have not been very positive so far.
12 Apr 2023
Tata Consultancy Services (TCS)TCS Q4 results: Profit jumps 14.8% to Rs. 11,392 crore
Tata Consultancy Services (TCS) has announced its financial results for the current fiscal year's fourth quarter.
04 Apr 2023
JP MorganJPMorgan thinks the chances of recession have increased: Here's why
The global financial sector had a chaotic March. Banking stocks tumbled after the collapse of two banks in the US and the crisis at Credit Suisse.
31 Mar 2023
Securities and Exchange Board of IndiaTop 100 companies must verify rumors, says SEBI: Here's why
The Securities and Exchange Board of India (SEBI) does not want India's top companies to keep quiet when rumors are going around about them.
29 Mar 2023
SensexSensex climbs 346 points, Nifty settles near 17,100 mark
On Wednesday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge. The Sensex jumped 0.6% to 57,960.09 points while the Nifty climbed 0.76% to 17,080.7 points.
29 Mar 2023
Adani GroupAdani Group's debt crisis: How real it is
Adani Group companies are back in a pickle. The excitement surrounding GQG Partners' $1.9 billion fund infusion into the conglomerate seems to have died down.
27 Mar 2023
Initial Public Offering (IPO)IPO withdrawal rumors are 'unfounded' and 'baseless': Mamaearth's CEO
Indian skincare company Mamaearth has dismissed rumors about its IPO withdrawal. Varun Alagh, the company's CEO, called the reports claiming Mamaearth's decision to postpone its IPO "baseless" and "unfounded."
27 Mar 2023
StartupsCrisis-hit Silicon Valley Bank acquired by First Citizens bank
The crash of Silicon Valley Bank (SVB) had sent shockwaves across the world. In the latest development, First Citizens Bank has agreed to buy the embattled start-up lender.
23 Mar 2023
Federal ReserveUS hikes rates for 9th consecutive time: Fight or flight
The ongoing banking crisis has failed to influence the US Federal Reserve. In an unsurprising move, the Fed hiked interest rates by 25 basis points in an aggressive push to tame high inflation.
17 Mar 2023
StartupsSilicon Valley Bank's ex-CEO in Hawaii amid bankruptcy protection application
Silicon Valley Bank (SVB) was a key player in the start-up ecosystem for three decades. On March 10, the bank collapsed following its failure to raise capital.
15 Mar 2023
SwitzerlandCredit Suisse falls 29% as Saudi investor rules out funds
In the latest blow to Credit Suisse, its largest shareholder Saudi National Bank ruled out more financial assistance to the struggling bank.
13 Mar 2023
USAFirst Republic Bank falls record 65% during market opening
Amid mounting liquidity fears, US-based First Republic Bank (FRC) crashed by a record 65% at the time of market opening. The stock was listed at $28.50, which is $53.26 down since yesterday's close.
13 Mar 2023
United States of AmericaAfter SVB fallout, New York-based Signature Bank collapses
The fallout from the implosion of Silicon Valley Bank (SVB) in the US is spreading to other areas.
10 Mar 2023
StartupsWhat does Silicon Valley Bank's fall mean to start-up ecosystem
An attempt to raise capital gone terribly wrong - that is the simplest way to put Silicon Valley Bank's (SVB) current situation.
03 Mar 2023
BusinessBurgernomics: What is the Big Mac Index
Did you know a burger can tell you a lot about the economy? For instance, it can tell you how powerful the Indian Rupee is.
07 Feb 2023
Valentine's DayYour ultimate guide to financial gifting this Valentine's Day
Flowers, chocolates, movies, and dinner dates on Valentine's Day make for good memories, but they don't last forever materialistically.
06 Feb 2023
Adani GroupAdani Group to prepay loans and reduce capex
Adani Group is in damage control mode after a damning report by Hindenburg Research led to its listed companies losing over half their value.
18 Jan 2023
Adani GroupAdani Enterprises files papers for India's largest FPO: Key facts
Adani Enterprises has filed papers for a follow-on public offer (FPO) with the Securities and Exchange Board of India (SEBI). The company aims to raise a whopping Rs. 20,000 crore through the FPO.
30 Dec 2022
Reserve Bank Of India (RBI)Gross NPAs of Indian banks fall to 7-year low: RBI
Bad loans or non-performing assets have made life harder for Indian banks for a long time. However, banks have been trying to bring them down.
14 Dec 2022
EducationIIT Madras launches dual degree programme on Quantitative Finance
The Indian Institute of Technology (IIT) Madras has officially made available a new Interdisciplinary Dual Degree (IDDD) program on Quantitative Finance.
05 Dec 2022
State Bank of India (SBI)Electoral bond sales begin in India: How to buy them?
The 24th batch of electoral bonds has gone on sale in India today i.e. December 5.
29 Nov 2022
CryptocurrencyAfter FTX implosion, crypto lender BlockFi files for bankruptcy
The aftermath of FTX's implosion is still being felt across the crypto world. BlockFi, a cryptocurrency lender, has now become the latest casualty of the events that brought FTX down.
24 Nov 2022
SwitzerlandCredit Suisse to layoff 9,000 people, projects $1.6bn Q4 loss
A string of scandals this year has dogged Swiss bank Credit Suisse. Add to that the challenging economic environment, and we have a recipe for disaster.
02 May 2019
State Bank of India (SBI)#FinancialBytes: Everything about State Bank of India (SBI) ATM-cum-debit cards
With nearly 50 crore customers, the State Bank of India (SBI) is the biggest public sector bank in the country.
18 Dec 2018
State Bank of India (SBI)#FinancialBytes: Debit cards that are best for students in India
Debit cards are one of the most used payment methods today for both online and cashless offline transactions.
12 Dec 2018
iOS#FinancialBytes: Money management mobile apps every couple should use
Money management and budgeting mobile apps are quite useful when it comes to managing and keeping your finances under control.
