Kotak Mahindra Bank on Saturday reported net profit of Rs 3,344 crore in the July-September period (Q2 FY25), up 5 per cent from Rs 3,191 crore in the same quarter last fiscal. Consolidated profit after tax (PAT) for Q2 FY25 was Rs 5,044 crore, up 13 per cent (year-on-year) from Rs 4,461 crore in … Read more
As India’s foreign exchange reserves surpassed $700 billion, the share of gold in the country's forex has also surged more than 209 per cent since 2018. India’s gold reserves stands at $65.76 billion (as on October 4), compared to $21.15 billion as on December 7, 2018, according to the Reserve Bank of India (RBI) data. … Read more
Patel Engineering is currently trading at Rs. 54.91, up by 0.50 points or 0.92% from its previous closing of Rs. 54.41 on the BSE. The scrip opened at Rs. 55.10 and has touched a high and low of Rs. 56.27 and Rs. 54.80 respectively. So far 144423 shares were traded on the counter. The BSE … Read more
Among the key emerging markets, India is poised to be the fastest-growing major economy over the next three years and the third largest globally by 2030, a global report showed on Thursday. Emerging markets will play a crucial role in shaping the global economy over the next decade, averaging 4.06 per cent GDP growth … Read more
JSW Energy is currently trading at Rs. 691.05, up by 1.85 points or 0.27% from its previous closing of Rs. 689.20 on the BSE. The scrip opened at Rs. 696.95 and has touched a high and low of Rs. 703.40 and Rs. 686.60 respectively. So far 19926 shares were traded on the counter. The BSE … Read more
Indian rupee strengthened marginally against the US dollar on Thursday as weak crude oil prices and suspected intervention by the Reserve Bank of India supported rupee sentiments. Meanwhile, participants are awaiting US economic data to determine the number of interest rate cuts by the US Federal Reserve in the near term. However, some gains were … Read more
Global Capability Centers (GCCs), which have emerged as significant employers of fresh talent, are expected to increase fresher hiring by 40 per cent compared to the previous year, according to a report. The report by TeamLease Digital, a tech staffing and solutions provider, reveals the latest insights on hiring trends and the tech landscape for … Read more
India’s readymade garment (RMG) exports recorded high growth of 17.3 per cent despite global headwinds and continued inflationary pressure, the Apparel Export Promotion Council (AEPC) said on Thursday. The RMG export growth in India comes as even major apparel exporting countries have witnessed a slowdown in the RMG export growth in recent months. “India is … Read more
As India kicked off online festive season sales, affordable fashion and premium electronics emerged as the top-performing categories, as private consumption surged especially in the rural parts of the country, a report showed on Thursday. The festive season sale in the first leg on various online e-commerce platforms reached over Rs 54,500 crore. From September … Read more
More than five in 10 (55 per cent) of organisations in the technology, media and telecommunications (TMT) sector have successfully implemented artificial intelligence (AI) at full scale for select use cases, according to a report on Thursday. While 32 per cent of organisations are currently in the process of gradually scaling their AI initiatives and … Read more