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TVS, Hero profits up, expect momentum to continue
AIDED by improving volume, better product mix and stable commodity prices, two of India's top twowheeler players - Hero MotoCorp and TVS Motor - had a stellar March quarter (Q4FY24) as they reported double-digit growth in net profit and revenue on Wednesday.
Canara Bank net profit jumps 18% to â¹3,757 crore
PUBLIC sector lender Canara Bank on Wednesday reported a healthy set of numbers for the fourth quarter of the past fiscal with a record net income for the reporting period as well as for the full-year logging in over 18% year-on-year profit at 3,757 crore for the three months ending March For the full fiscal year 2023-24, the Bengaluru-based bank booked 37.25% more net profit at Rs 14,554 crore as against Rs.10,604 crore in FY23, its managing director and chief executive Satyanarayana Raju told reporters on a concall.
L&T profit inches up 10% as overseas business declines
ENGINEERING and construction giant Larsen & Toubro (L&T) on Wednesday reported tepid numbers with consolidated net profit rising 10% to 4,396 crore for the for the March quarter on an annualised basis as its revenue from overseas operations stumbled.
Google launches wallet in India, ties up with 20 brands like PVR, INOX, Air India
AFTER the huge success of Google Pay, Google launched Google Wallet app in India on Wednesday.
RBI Guv meets stakeholders to further widen UPI reach
WITH as much as four-fifths or over 80% of all digital transactions taking place through the UPI platform that has grown exponentially to the tune of 90 times in the past decade, the Reserve Bank Governor Shaktikanta Das and T Rabi Sankar, his deputy in-charge of the payments department, on Wednesday met with all the major stakeholders in the payment ecosystem to discuss potential strategies and challenges to further expand its reach.
RBI lifts ban on BoB mobile app
Bank is now free to onboard customers via app as per the applicable guidelines, regulations
Three Indians accused of killing Nijjar appear before Canadian court
THREE Indian nationals accused of killing Khalistan separatist Hardeep Singh Nijjar last year have appeared before a Canadian court through video for the first time to face homicide charges in a case that has soured Canada-India relations.
Court bans protest song Glory to Hong Kon@â after govt request
HONG KONG An appeals court on Wednesday granted the Hong Kong government's request to ban a popular protest song, overturning an earlier ruling and deepening concerns over the erosion of freedoms in the once-freewheeling global financial hub.
US puts bomb shipment to Israel on pause over Rafah assault row
Israel reopens bordercrossing into Gaza; UN says aid yet to come in
Missing ex-Chinese defence minister Gen Fenghe safe
BEIJING CHINA's former Defence Minister Gen Wei Fenghe, whose prolonged absence from the public has sparked speculation about his fate, is believed to be politcally safe after a wreath bearing his name was spotted at the funeral of a senior Chinese legislator who passed away early this week, South China Morning Post reported.
