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A view of the ICICI bank head office in Mumbai. File | Photo Credit: Reuters Private lender ICICI Bank on July 22 reported a 40% rise in standalone net profit to ₹9,648 crore for the June 2023 quarter, helped by a decline in bad loans and an improvement in interest income. The Mumbai-based private sector…
Read More “ICICI Bank reports 40% rise in standalone net profit to ₹9,648 crore” »
Budget carrier Go First, which stopped flying on May 3, is undergoing an insolvency resolution process. File. | Photo Credit: Reuters Aviation regulator DGCA on July 21 said it has approved Go First’s plan to restart operations with 15 aircraft and 114 daily flights, subject to certain conditions. Budget carrier Go First, which stopped flying…
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Union Minister of Power and New & Renewable Energy R. K. Singh. File Union Minister for Power and New and Renewable Energy R. K. Singh on July 21 said that in order to achieve the net-zero carbon emission target, storing the renewable energy is necessary so that it becomes available round-the-clock. Chairing the inaugural function…
Air India has been a CFM customer since 2002 when it began operating A320 neo aircraft powered by CFM56-5B engines. | Photo Credit: The Hindu Air India and CFM International have finalised the order for LEAP engines for the carrier’s new fleet of 400 narrow-body planes. The engines will power 210 Airbus A320/A321 neo and…
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Debris is scattered around the Pfizer facility on July 19, 2023, in Rocky Mount, N.C., after damage from severe weather. | Photo Credit: AP The fallout from a Pfizer factory being damaged by a tornado could put even more pressure on already-strained drug supplies at U.S. hospitals, experts say. Wednesday’s tornado touched down near Rocky…
The domestic prices of rice are on an increasing trend. | Photo Credit: The Hindu The Centre banned the export of non-basmati white rice on Thursday. The Directorate General of Foreign Trade under the Union Commerce Ministry announced in a notification that the ban would come into effect immediately and exemptions would be given only…
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ICRA has revised upward the growth outlook for the current financial year for the retail loans of Non-Bank Financial Companies (NBFC-Retail) and Housing Finance Companies (HFC-Retail), which account for the bulk of the overall sector. The NBFC-Retail asset under management (AUM), estimated at around ₹14 lakh crore as of March 2023, is expected to grow…
Read More “ICRA revises growth outlook for NBFCs; expects another strong performance in FY24” »
Representational image only. | Photo Credit: Twitter/@ascionline Crowdsourcing platforms will have to disclose fees charged by them while seeking donations for charitable causes henceforth, advertising industry’s self regulatory body Advertising Standards Council of India (ASCI) said on July 20. In the guidelines for advertisements for charitable causes, the ASCI has also made it clear that…
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Prime Minister Narendra Modi and USA President Joe Biden during the meeting with top CEOs at White House, in Washington, Friday, June 23, 2023. | Photo Credit: PTI India is indeed likely to be a rising “great power” and its economy will have the size similar to that of the U.S. by 2050, according to…
Venu Srinivasan, Chairman, TVS Motor Company. | Photo Credit: Special Arrangement Auto components manufacturer Sundaram Clayton Ltd. (SCL) has been renamed TVS Holdings Ltd. (TVSH) This follows the amalgamation of TVS Holdings Pvt. Ltd. with SCL effective June 16. An application for the change of name was filed by SCL with the Registrar of Companies,…
