[ad_1] India’s most valuable company Reliance Industries (RIL) is ready to chart the “next level of growth” after consolidating its balance sheet following a period marked by high capital expenditure, RIL Chairman and Managing Director Mukesh Ambani said in a statement to shareholders in the company’s annual report for 2023-24 (FY24). “Reliance has consolidated its […]
General insurers report lower growth in premium underwritten in first quarter | Business News
[ad_1] The overall growth in premium underwritten by general insurance companies declined during the quarter ended June of FY25 in the wake of the lower growth rate in the motor and health segments. The growth in premium underwritten declined to 13.33 per cent at Rs 72,758 crore in the June quarter of FY25 as against […]
F&Os surge hurt capital formation, growth; a major concern: SEBI, RBI | Business News
[ad_1] FINANCIAL MARKET regulators Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) are worried that the surging volumes in futures and options have started impinging on capital formation and thus pose a systemic risk to India’s economic growth. “Two years ago, when retail investors flooded the F&O segment, we […]
‘Reliability, speed, and great return experience are why customers trust Amazon’: Akshay Sahi on Prime Day’s growth in India | Technology News
[ad_1] “I fundamentally believe that the reason customers trust Amazon and Prime members trust Prime is because of the reliability of our delivery, speed for sure, and a great returns experience,” said Akshay Sahi, Director and Head of Amazon Prime, Delivery and Returns Experiences, India. Amazon will kick start its eighth edition of Prime Day […]
TCS Q1 revenue: TCS Q1 dollar revenue growth expected to remain subdued amid cross currency headwinds
[ad_1] essence TCS’ dollar-denominated revenue is expected to increase by 1.9% sequentially to $6,824.5 million, compared to a 2.6% increase in the prior quarter, according to an average of estimates from ETIG and eight brokerages. A weaker euro and pound against the dollar will impact the reported growth, even though constant currency (CC) growth is […]
Nifty 50: Nifty 50 companies may register 21% growth in June quarter earnings on a lower basis
[ad_1] Mumbai: nifty 50 The companies are likely to register year-on-year (YoY) growth of 32% and 21% Revenue And profitsrespectively, on the back of the low base in the June 2022 quarter (Q1), as per Analysts‘ Estimate. Excluding financial, telecom and commodities, revenue and profit growth is expected to come in at 22% and 16%, […]
TTK Healthcare: TTK Healthcare’s ‘Love Depot’ enthuses Street about growth prospects
[ad_1] ET Intelligence Group: TTK Healthcare, maker of male contraceptive brand Score, on Tuesday announced the launch of its direct-to-consumer (D2C) online venture ‘Love Depot’ to sell passion products – a first of its kind initiative in the country. Billed as The stock gained over 5 per cent. Love Depot sells international brands such as […]
Wall Street: Wall Street falters as consumer pessimism fuels growth fears
[ad_1] NEW YORK, June 28 (Reuters) – wall Street Tuesday closed sharply lower in a broader sell-off as consumer confidence data dampened investor optimism and fueled concerns over a recession and rising earnings season. S&P and Nasdaq Apple Inc, Microsoft Corp and Amazon.com lost their weight by about 2% and 3%, respectively. The blue-chip Dow […]
Credit card growth, record high credit consumption signals a pick-up
[ad_1] Credit Card Additions and Expenses Climb Fastest May In recent quarters, underscoring the fading effect of Covid-induced disruptions on consumption habits, a growing number of urban Indians have taken long holidays and bought high-ticket discretionary items after being nearly padlocked for two consecutive summers. The banking industry added 1.7 million cards in May, the […]
IMF: Hard currency growth in India’s forex reserves limited to just $4 billion in FY12
[ad_1] India added $ 47.5 billion to this foreign exchange reserves Last fiscal year, down almost half of the previous year. But a drill down of the data shows that about $26 billion of those incremental reserves were due for approval. special Drawing Rights From International Monetary Fund and revaluation of gold reserves. Only $4 […]