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A bird flies past the facade of the ICICI bank head office in Mumbai. | Photo Credit: REUTERS Private sector lender ICICI Bank on April 27 said its March 2024 quarter consolidated net grew 18.5% to ₹11,672 crore. It had reported a net profit of ₹9,853 crore in the year-ago period. On a standalone basis,…
Read More “ICICI Bank reports 18.5% growth in Q4 net profit at ₹11,672 crore” »
On December 8, 2023, the government put a domestic ban on the export of onions. | Photo Credit: ANI The Centre on April 27 said it has allowed exports of 99,500 tonnes of onions, mainly sourced from Maharashtra, to six neighbouring countries despite the ban on shipments. The Centre has also allowed exports of 2,000…
Read More “Centre allows 99.5k tons of onion exports to 6 neighbouring nations” »
The U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest. | Photo Credit: Reuters The U.S. Food and Drug Administration (FDA) is gathering information on products of Indian spice makers MDH and Everest after Hong Kong halted sales of some of their products for allegedly containing…
People stand in line outside a bank hoping to withdraw Cuban pesos from an ATM, in Havana, Cuba. | Photo Credit: AP Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out. He…
Read More “Cuba’s cash crunch leads to long lines and growing frustration” »
The Sandur Manganese & Iron Ores Limited (SMIORE) and Private Equity firm ADV Partners announced the execution of a binding agreement relating to the strategic business acquisition of Arjas Steel Private Limited (Arjas), valued at an enterprise value of ₹3,000 crore, by SMIORE, said a company statement. SMIORE is the fifth-largest iron ore miner in Karnataka…
Read More “Bellari firm SMIORE to acquire Arjas for ₹3,000 crore” »
A Tesla that may have been operating on the company’s Autopilot driving system hit and killed a motorcyclist near Seattle on Friday, April 19, 2024. | Photo Credit: AP The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to…
Representational image only. | Photo Credit: The Hindu The Rupee declined seven paise to close at 83.35 (provisional) against the U.S. dollar on April 26 as a strengthening American currency overseas and a selloff in domestic equities weighed on the local unit. “Besides, rising crude prices in the international market and risk-averse sentiment dragged the…
Read More “Rupee falls seven paise to settle at 83.35 against U.S. dollar” »
Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions. A raft of sanctions by the U.S. and allies against Moscow over its Ukraine invasion, along…
Read More “Russia reinsurer backs firms to get India marine insurance permit” »
FirstCry parent BrainBees filed papers with SEBI last December for an IPO that would have been one of the country’s biggest this year. | Photo Credit: Special Arrangement Retailer FirstCry is set to withdraw its papers for an up to $500 million Initial Public Offering (IPO) as early as next week, after markets regulator raised…
Read More “FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny” »
From the Sensex basket, Tech Mahindra jumped more than 12.50%. | Photo Credit: Reuters Equity benchmark indices climbed in early trade on April 26, extending their rally for the sixth day running, on heavy buying in Tech Mahindra and firm trends in Asian markets. The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early…
