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Economy
FPI selling in equity markets getting absorbed by domestic funds, retail investors
New Delhi: Heavy selling by Foreign Portfolio Investors (FPI) in the equity markets is getting absorbed by domestic funds and retail investors.
In April, FPI selling in equity stands at Rs 6304 crore. In the cash market during this!-->…
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Yes Bank net profit doubles to Rs 452 crore in Jan-March quarter
Mumbai: Yes Bank on Saturday reported a more than two-fold jump in net profit to Rs 452 crore for the January-March quarter of the financial year 2023-24, compared to Rs 202.43 crore in the same quarter of 2022-23.
The private sector!-->…
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NDTV clocks 59 per cent revenue growth in Q4, digital traffic jumps 39 per cent
New Delhi: The NDTV Group on Friday announced 59 per cent revenue growth in the fourth quarter (Q4) of the last financial year (FY24), compared to the same period last year.
NDTV Convergence, the company’s digital arm, also saw a!-->…
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IIFL Samasta Finance adds three members to its Board
New Delhi: IIFL Samasta Finance, one of India’s largest non-banking microfinance companies (NBFC-MFI), has announced the appointment of three members to its Board of Directors.
This strategic move reflects the company's commitment to!-->…
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RBI issues draft guidelines on digital lending to give borrowers a better deal
Mumbai: The RBI on Friday released draft guidelines on digital lending to ensure transparency in the aggregation of loan products from multiple lenders by lending service providers (LSP) so that borrowers get prior knowledge about all!-->…
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Delhi HC directs DGCA to deregister all Go First aircraft
New Delhi: The Delhi High Court on Friday directed aviation watchdog, the Directorate General of Civil Aviation (DGCA), to process, within five working days, the deregistration applications for aircraft leased by grounded airline Go!-->…
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Apollo Hospitals’ unit to raise Rs 2,475 crore from PE firm Advent International
New Delhi: Apollo HealthCo Ltd (Apollo 24|7) on Friday announced it would raise equity capital of Rs 2,475 crore from leading private equity (PE) investor Advent International.
A subsidiary of Apollo Hospitals, Apollo 24|7 said it has!-->…
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HCLTech clocks 5.7 per cent growth in net income at Rs 15,702 crore for FY24
New Delhi: Global technology company HCLTech on Friday reported a revenue of Rs 109,913 crore, up 8.3 per cent (year-on-year), for FY24 as net income saw 5.7 per cent growth at Rs 15,702 crore.
For the quarter (Q4 FY24), the company!-->…
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RBI issues FAQs on default loss guarantee in digital lending
Mumbai: The Reserve Bank of India (RBI) on Friday issued frequently asked questions (FAQs) to provide more clarity on its guidelines for default loss guarantee (DLG) in digital lending, which were first issued in June 2023.
DLG is an!-->…
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Nifty snaps five-day rally driven by weak global cues
Mumbai: The domestic markets snapped their five-day rally on Friday, with the Nifty declining 150.40 points to close at 22,419.95, and the Sensex falling by 609.28 points to end at 73,730.16.
The domestic equity benchmarks halted their!-->…
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