RBI reviews bond value norms that shield banks
Banks invest around a fifth of their deposits in government bonds. However, they can avoid making MTM provisions on the bonds they classify as ‘held […]
Month: May 2023
Don’t insist on phone numbers, govt tells retailers
In a letter addressed to the Retailers Association of India and five other major industry entities – CII, FICCI, CAIT, Assocham and PHD Chamber of […]
Passengers of Air India’s Pune flight reach Delhi after 24 hours
The Air India flight (AI-850) was supposed to take off from Pune at 6.50pm and land in Delhi by 9.05pm. Muqaddas Ansari, a flyer who […]
Higher tax outgo pulls Aurobindo’s Q4 net profit down 12%
Impacted by higher tax outgo, pharma major Aurobindo Pharma’s posted a 12% drop in consolidated net profit for the fourth quarter ended March 31, 2023, […]
China cracks down on over 1 million social media posts, accounts
China’s recent efforts to moderate malicious online content has resulted in action taken against over 1 million social media posts and accounts. The crackdown, which […]
Janet Yellen sets June 5 as X-Date in US debt-ceiling standoff
US treasury secretary Janet Yellen has said that her department could be out of funding by June 5 if lawmakers do not raise or suspend […]
US stocks close higher on optimism of debt ceiling deal
US stock indexes rose on Friday amid the optimism of avoiding a catastrophic US debt default. The S&P 500 increased by 1.3% to 4,205.45, the […]
Finfluencer Sundar settles case with Sebi, banned for 1 year
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Sun Pharma Q4 net profit clocks Rs 1,984 crore
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
Sun Pharma Q4 net profit clocks Rs 1,984 cr; dividend of Rs 4 per share approved
Homegrown pharma major, Sun Pharmaceuticals Limited on Friday announced that its consolidated net profit grew to Rs 1,984 crore in the fourth quarter of the […]