BUSINESS
India, UAE enter pact for RuPay usage
The AEP is an indirect subsidiary of the Central Bank of UAE (CBUAE).
Bajaj Finance going for Rs 10K crore fundraise
The NBFC plans to raise up to Rs 8,800 crore through a qualified institutional placement of shares, and another Rs 1,200 crore by issuing warrants convertible into shares to Bajaj Finserv.
India’s services sector growth surges to 13-yr high in Sep: S&P survey
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61.0 in September, signalling a sharp upturn in output that was one of the strongest in over 13 years.
MobiKwik reports 52% revenue growth in Q2 FY24, logs strong H1 performance
The revenues for the July-September quarter stood at Rs 208 crore, a growth of 17 per cent over the previous quarter in the same fiscal, with a profit after tax (PAT) of Rs 5 crore.
Industry groups hit back on telco’s demands to regulate, charge OTTs
The TRAI proposal on selective banning of OTT or Internet services has resulted in a fierce debate among the industry bodies, internet companies and startup founders.
Adani Group: Too big to fail
Focused on sustainable and long-term value creation, the Group continues to work with the twin objectives of further deleveraging and looking at opportunities to expand and grow. The Group’s core strength lies in mega-scale infrastructure project execution capabilities and infrastructure is increasingly becoming central to India’s growth.
Indian Overseas Bank saw its market capitalization nearly double during July-Sep quarter
A 91.60 per cent gain propelled the state-owned lender to the eighth place in the top 20 Indian banks by market capitalization as of September 30, from rank 14 three months ago.
12.2 lakh metric tonnes paddy procured till Oct 3, says Centre
This procurement was done till October 3, 2023 under the kharif marketing season 2023-24, official sources said.
IndiGo recommences Delhi-Hong Kong flight
"This reinstatement aims to strengthen strategic ties, capitalising on the rich socio-cultural diversity between one of South Asia's largest economies and a vital business and travel hub in the Asia-Pacific region,” an airline spokesperson said.
Marico cracks over 4% after company flags lower revenue
Marico shares were down 4.4 per cent at Rs 544.95 on BSE on Thursday.
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