Banking

Adani Group Stocks Price Surge After $113 Billion Market Value Wipeout

-Shares in India's Adani Group rallied on Tuesday a day after it prepaid some loans, bringing relief to investors that h... Read more

Aditya Birla Fashion Reports Steep Drop Of 92% In Profit For Dec Quarter

BENGALURU (Reuters) - Indian apparel retailer Aditya Birla Fashion and Retail Ltd reported a steep 92% drop in third... Read more

3,552 Foreign Companies, Subsidiaries Closed In India Between 2017-2022

A total of 3,552 foreign companies and subsidiaries of foreign companies have been closed in India between 2017 and 2022... Read more

Wework Starts New Coworking Centre In Pune With 1,500 Seating Capacity

Coworking major WeWork India has started a new centre in Pune with 1,500 desks and 96,000 square feet area amid rising d... Read more

Over 75% Indian Workplaces Lack Basic Facilities For PwD: Randstad Survey

The findings of a report released by Randstad India reveal that there is a gap between the policies for PwD and their im... Read more

Chambal Fertilisers Reports 26% Slump In Q3 Profits On Weak Demand

(Reuters) - India's Chambal Fertilisers and Chemicals Ltd reported a near 26% slump in quarterly profit on Tuesday after... Read more

Centre Appoints K Satyanarayana Raju As New MD & CEO Of Canara Bank

State-owned Canara Bank on Tuesday said the Union Government has appointed K Satyanarayana Raju as its Managing Director... Read more

India's Non-fossil Power Generation Touches 174 GW In 2022: R K Singh

India's non-fossil fuel-based power generation capacity was at 174.53 gigawatt (GW) at the end of December 31, 2022, Par... Read more

Banks' Exposure To Adani Group 'insufficient' To Pose Credit Risk: Fitch

MUMBAI (Reuters) -The exposure of banks to the embattled Adani Group is 'insufficient in itself' to present a substantia... Read more

Japan's SoftBank Group Logs $5.9 Bn Loss As Tech Investments Tumble

Japanese investor SoftBank Group reported Tuesday that it sank into a deep loss for the October-December quarter, slamme... Read more

ONGC To Explore Investing In Argentina Gas Assets: Chairman Arun Kumar

The company also signed a memorandum of understanding with Argentina's state oil company YPF for hydrocarbon cooperation Read more

NABARD Aims To Raise Rs 3000-5000 Cr In Debut Green Bond Issue: Report

Currently, NABARD is getting necessary certifications and approvals to comply with the market regulators' guidelines on ... Read more

Adani Ports Eyes Rs 15,000 Cr Ebitda In FY23, Will Prepay Rs 5,000 Cr Debt

Prepayment to significantly improve net debt-to-Ebitda ratio, bring it closer to 2.5x by March, says company Read more

PhonePe Launches Cross-border UPI Payments Service, Says It's India's First

Users can activate UPI-linked bank account for the international service at the merchant location, or before that Read more

To Pacify Stakeholders, Top Banks Declare Their Exposure To Adani Group

The lenders to the group include big names like the State Bank of India, Bank of Baroda, the Punjab National Bank, Axis ... Read more