LiveUPI Transactions Hit Record High in April, Touches Rs 14.07 Trillion
Unified Payments Interface (UPI) transactions hit a record high in April, worth Rs 14.07 trillion, with a transaction volume of Rs 8.9 billion. Compared with...
Category : BUSINESS
JPMorgan Buys Embattled First Republic Bank After Being Seized by Regulators
First Republic Bank has been taken over by regulators and is set to be bought by JPMorgan Chase & Co, as rescue efforts fail to...
Serentica Renewables Bags $250 Million Surplus Funding from KKR
Serentica Renewables, a Sterlite Power-backed decarbonisation dais for the Commercial and Industrial (C&I) sector, has received an additional $250 million from international investment firm KKR....
Byju’s CEO Claims Credit for Bringing Maximum FDI to India, Company in Compliance
Byju’s CEO, Byju Raveendran, wrote to employees that the company brought more FDI to India than any other startup, fully complying with all valid foreign...
Vedanta’s Anil Agarwal Plans to Raise Oil, Zinc Output, and Foray into Chip Making
Vedanta’s Anil Agarwal decides to aggressively increase oil and gas production, enlarging metal outputs like zinc and aluminium and entering into semiconductor production. The mining...
First Republic Bank Falters as Regulator Looks for Way Out
Regulators continued over the weekend to find a solution to First Republic Bank’s woes ahead of the stock market’s scheduled opening on Monday. San Francisco-based...
Hinduja Arm in Talks with Lenders for Reliance Capital Takeover
Reliance Capital’s (RCap) sole bidder Hinduja Group is discussing with some lenders to raise up to Rs 8,000 crore to fund its proposed acquisition of...
IDFC First Bank’s Q4 Net Profit More Than Doubles to Rs 803 Crore
IDFC First Bank on April 29 reported a stand-alone net profit of Rs 803 crore in the March quarter (Q4FY23), a massive jump of 134%...
Central Bank of India’s Q4 Net Profit Jumps 84% to Rs 571 Crore
Central Bank of India reported on April 29 that its net profit for the quarter ended March 31, 2023, surged 84% to Rs 571 crore....
RBL Bank Q4 Net Profit Rises 37% to Rs 271 Crore, Beats Forecasts
RBL Bank reported on April 29 that its standalone net profit in the March quarter rose 37% year-on-year to Rs 271 crore. The private lender’s...