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SBI PAT Fall 6.70% On-Year To Rs 6,068 Cr In Q1FY23
Mumbai: India's largest state-owned bank, State Bank of India (SBI) reported a marginal fall in net profit of 6.70 per cent year-on-year to Rs 6,068 crore on back of fall in operating profit.
On sequential basis, the net profit fell…
With Premium 700Mhz Band In Its Kitty, Reliance Jio Has An Edge Over Rivals
New Delhi: With Reliance Jio taking the premium 700MHz in all 22 telecom circles or zones, the company is set to provide its consumers much faster and efficient indoor 5G coverage in highly populated cities like Delhi, Kolkata, Bengaluru,…
Paytm’s Revenue Jumps 89% To Rs 1,680 Crore In Q1 FY23
New Delhi: Digital financial services giant One97 Communications, that operates the brand Paytm, on Friday reported its Q1FY23 results, where it saw a massive jump in revenue from operations driven by strong monetiSation in payments, device…
Global Food Commodity Prices Decline In July: FAO
Rome: The benchmark for world food commodity prices declined significantly in July, with major cereal and vegetable oil prices recording double-digit percentage declines, the Food and Agriculture Organisation of the United Nations (FAO)…
RBI To Allow Cross-Border Bill Payments, Bring Credit Info Cos Under Ombudsman Scheme
Chennai: The Reserve Bank of India (RBI) will allow the Bharat Bill Payment System (BBPS) to process cross-border inbound bill payments that will help senior citizens in India while their wards are overseas, said Governor Shaktikanta Das.…
Loan EMIs To Rise As RBI Increases Repo Rate By 50 Bps
Mumbai: The EMIs on the loan will rise as the Reserve Bank of India (RBI) on Friday hiked the repo rate by 50 basis points to 5.40 per cent to contain inflation.
Several banks have already raised their borrowing rates and some will…
Sensex Rises More Than 150 Points; Nifty Rises Above 17,427 After RBI Hikes 50 Bps Repo Rate
Mumbail: The benchmark indices rose during the afternoon trade on Friday, after falling marginally the previous day as 50 basis points rate hike by the Reserve Bank of India (RBI) was in line with the market expectations and inflows from…
RBI Hikes Policy Rate By 50bps To 5.4%
Chennai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate by 50 basis points to 5.4 per cent.
Announcing the decision of the Monetary Policy Committee (MPC) during its three-day meeting,…
CCPA Orders Penalty On Amazon, Recall Of Products
New Delhi: The Central Consumer Protection Authority has passed an order against violation of consumer rights by Amazon for allowing sale of domestic pressure cookers in violation of mandatory standards prescribed by it on its e-commerce…
India’s FY23 Fiscal Deficit May Come Around 6.5%: SBI Ecowrap
Mumbai: The report by the SBI Research Ecowrap said that India's fiscal deficit in the current financial year is expected to come around 6.5 per cent, as against the budget estimate of 6.4 per cent.
"Furthermore, higher nominal GDP will…