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-
S&P 500 records best first quarter since 2019 going into Easter break
The stock market has been on a nearly unstoppable run since late October, and the S&P 500 just capped its fifth straight winning month. It’s leaped as the US economy has remained remarkably solid despite high interest rates meant to get inflation under control. And with inflation hopefully still cooling from its peak, the Federal Reserve has indicated it will likely cut interest rates several times later this year. -
'Doctor Yellow': Passengers Are Not Allowed In Japan's This Bullet Train; Know Why
The bullet train generally has aqua aqua-green nose and white body. However, there is a complete yellow bullet train in Japan in which passengers are not allowed to travel. -
ICICI Bank reports 18.5% growth in Q4 net profit at Rs 11,672 crore
Private sector lender ICICI Bank on Saturday announced that its consolidated net profit for the March 2024 quarter increased by 18.5% to Rs 11,672 crore. This marks a significant rise from the net profit of Rs 9,853 crore reported in the corresponding period of the previous year. The second largest private sector lender showed a 17.4%growth in its profit after tax. -
'Can’t be CEO in America if not Indian’: US envoy
Garcetti acknowledges Indian immigrants' success in the US, with over 10% of Fortune 500 CEOs being Indian. He highlights the significant impact of Indian professionals in leading companies like Google, Microsoft, and Starbucks. -
Centre allows export of 99,150 MT onion to six countries
Centre on Saturday allowed export of 99,150 MT onion to six countries - Bangladesh, UAE, Bhutan, Bahrain, Mauritius and Sri Lanka. The Indian govt allows export of 2000 MT of white onion cultivated specially for export markets in Middle-East and some European countries. National Cooperative Exports Limited (NCEL) is the agency for export of onion to these countries. -
Mehul Prajapati Did Nothing Wrong By Using Food Bank Help. Here's Why
The criticism directed at Prajapati arises from various misunderstandings. -
First US bank failure this year: Regulators close Republic First Bank
Republic First Bank in PA, NJ, NY, seized by FDIC. Acquired by Fulton Bank. $667M cost, 1st US bank failure in 2022. Steven Mnuchin group injects $1B into New York community Bancorp. -
'Get used to living frugally': China asks officials to use own cup, travel by bike
China implements austerity measures like budget cuts and frugality campaigns to address economic challenges, redirect resources, and curb unnecessary spending. However, critics question the effectiveness of these measures in resolving long-term economic issues. -
RBI Lays Out Criteria For Small Finance Banks To Achieve Universal Banks License
The bank intending to transit must have their shares listed on a recognized stock exchange. -
Tesla Layoffs: Elon Musk's EV Maker To Cut 693 Employees Amid Decline In Sales
The company has submitted the notice earlier this week to the Nevada Department of Employment, Training and Rehabilitation following U.S labor laws. -
Tesla Layoffs: EV Maker To Cut 693 Employees Amid Decline In Sales
The company has submitted the notice earlier this week to the Nevada Department of Employment, Training and Rehabilitation following U.S labor laws. -
RBI Issues Draft Rules For Web Aggregators Of Loan Products
The RBI specifies that the digital view should include essential details such as the name of the bank or NBFC extending the loan. -
RBI sets rules for loan e-aggregators
The Reserve Bank of India has updated its guidelines for web aggregators of loans to ensure that consumers get a fair and transparent deal. The RBI has also clarified guidelines on loss default guarantees that can be provided by fintechs to lenders on personal loans they distribute. -
LVB-DBS deal: HC asks RBI to relook at valuation
The Madras HC has asked RBI to carry out a valuation of shares and assets of DBS Bank India and Lakshmi Vilas Bank as on the date before their amalgamation in Nov 2020. RBI has been asked to take a fresh decision on reduction of the value of shares and writing off the tier-2 bonds, based on the fresh valuation, within four months. -
RBI provides road map for SFBs' move to universal banks
RBI has outlined the eligibility criteria for small finance banks (SFBs) to become a universal bank. This transition will enable them to provide loans to larger businesses and offer the full range of financial services and banking products. -
Keimed merges with Apollo Health Co; Combined enterprise value is Rs 22,481 crore
In a significant merger in the healthcare sector, wholesale pharma distribution company Keimed has merged with Apollo Health Co Limited (AHL), a subsidiary of Apollo Hospitals Enterprise Limited (AHEL). This takes the combined enterprise value of the two entities to Rs 22,481 crore. While Keimed is owned by the Apollo promoter's family, omni-channel healthcare platform AHL will leverage on the former's vast network. -
US calls India among most challenging on IPR safety
The US Trade Representative has called India among the most challenging major economies on enforcement and protection of intellectual property rights (IPR) and retained it on Priority Watch along with China, Indonesia, Russia, Chile, and Venezuela. “These countries will be the subject of particularly intense bilateral engagement during the coming year,” USTR said in a report. -
Maruti profit zooms to 3,878 crore, highest ever in a quarter
Maruti Suzuki on Friday reported its highest quarterly net profit as growing share of SUVs fueled its sales while ease in commodity prices helped margins. Consolidated net profit in Jan-March (Q4 of FY24) soared 48% to Rs 3,878 crore when compared with Rs 2,624 crore in the same period a year ago, the company said. -
TOI bags 6 awards for campaigns at INMA 2024
The Times of India has won big at International News Media Association (INMA) 2024, bagging six awards for its campaigns which blended ideas with creativity to spread awareness about issues affecting peoples’ daily lives, such as traffic safety and alternatives to single-use plastic. The INMA competition, which evaluates news media companies across two segments of national brands and regional brands, attracted 771 entries from 245 news media brands in 43 countries. -
Essel Homes, Primcomm face insolvency proceedings
The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency resolution proceedings against Essel Homes and Primcomm Media Distribution Ventures after Gnex Realtech defaulted on repayment of loans of nearly Rs 261 crore to Indiabulls Housing Finance. Essel Homes and Primcomm were the co-borrowers, and NCLT has appointed Ravi Prakash Ganti as the interim resolution professional (IRP). -
India’s first: Japanese Sharp looks to set up display fab unit
India is headed to bag investments for the country’s first display fab semiconductor unit – used for making televisions and other digital screens – with Japanese Sharp approaching the Central govt for setting up a 1,000-acres facility that will be used to cater not just to the domestic demand but also exports. -
Relief for lessors: Delhi high court directs DGCA to de-register 54 GoAir planes
The lessors of 54 aircraft to grounded-since-last May GoAir finally got relief on several counts from the Delhi high court on Friday which directed the Directorate General of Civil Aviation (DGCA) to de-register these planes within a maximum of five working days. The revival of GoAir under IBC is now an even tougher task as the lessors are learnt to be wooed by both Tata’s Air India and cash-rich IndiGo to get around 15 of the Airbus A320 family planes which could fairly quickly be made ai -
Elon Musk Gets Richer Than Mark Zuckerberg As Meta CEO Suffers $18 Billion Loss
Earlier this month, the two billionaires switched positions when it was reported that Tesla’s car sales had declined in the three months through March. -
India's Forex Reserves Dip By $2.83 Billion To $640.3 Billion
Market analysts attribute the decline in foreign currency assets to the RBI actively releasing dollars in the market to curb the volatility in the rupee. -
How to Stop Your Car When Brakes Fail? Check Safety Tips
If you are facing a sudden brake failure, staying calm is the first step that will help you save your life. -
RBI restrictions on Kotak Mahindra Bank: What it means for customer, banking and credit card services - FAQs answered
RBI's restrictions on Kotak Mahindra Bank impact new customer onboarding and credit card issuance, with uncertainties for existing customers. The ban's duration depends on an external audit and corrective measures satisfaction, potentially lasting six to twelve months. -
Make In India Hyundai Creta EV Coming Soon, Production Likely To Start In December 2024: Reports
The Creta Electric is expected to inherit design elements from the recently launched Creta facelift. -
Kia Sells 4 Lakh Sonet In Last 4 Years: Report
Reports suggest that 37% of customers have shown a preference for the 1.5-litre diesel engine. -
Macho Sporto Introduces Bollywood Youth Icon Sidharth Malhotra As Its New Brand Ambassador With A New Campaign
Keeping up with the current Cricket fever in the country, the brand's latest TVC featuring the Bollywood actor is a charming take on a woman's gaze, continuing their efforts to legitimise the female gaze. -
Read The Inspiring Journey Of Rohini Nilekani Who Mastered The Balancing Act Of Motherhood And Career
Two decades ago, Rohini Nilekani embarked on her philanthropic journey by providing financial support for young girls.
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