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Business

MRF Q4 net profit doubles to Rs 341 cr, declares Rs 169/share dividend

Nidhi Mishra -
MRF, the tire manufacturer, has reported a 106% rise in its consolidated net profit for the fourth quarter of FY23, which stood at Rs...
Business

Trai backs Jio’s method to calculate additional charges for shared spectrum.

Nidhi Mishra -
Reliance Jio has won a significant victory in its legal battle with the Department of Telecommunications (DoT) over calculating spectrum usage charges (SUC) in...
Business

Tata Steel Q4 net profit down 82% to Rs 1,704.86 crore but beats estimates

Nidhi Mishra -
Tata Steel, India's largest private steelmaker, has reported a decreased consolidated net profit by 82.52% YoY to INR1,704.86 crore ($227.5m) for the January-March quarter...
Aadhar Card

Airtel Payments Bank partners with NPCI to roll out face authentication for AePS.

Nidhi Mishra -
Airtel Payments Bank announced its collaboration with the National Payments Corporation of India (NPCI) to introduce face authentication for the Aadhaar-enabled Payment System (AePS)...
Bank

Fino Payments Bank’s net profit jumps 25% to Rs 22.08 cr in the March quarter.

Nidhi Mishra -
Fino Payments Bank has reported a 25% rise in its post-tax net profit for the March 2023 quarter, reaching Rs 22.08 crore ($2.9 million)....
Bank

India’s services exports rise record 27% in FY23, shows RBI data

Nidhi Mishra -
The Reserve Bank of India (RBI) released data showing that India's services exports surged by 26.6% in the 2022-23 fiscal year to $322 billion....
Business

The private sector is likely to get limited access to the Gati Shakti portal

Nidhi Mishra -
The Department for Promotion of Industry and Internal Trade (DPIIT) has finalized a draft framework for sharing the Gati Shakti national master plan data...
Bank

Go First is in a tailspin, files for insolvency, and blames P&W engines.

Nidhi Mishra -
Go First, an airline owned by the Wadia Group filed for insolvency on Tuesday due to a cash crunch caused by the grounding of...
Employment

Go First Airways owes financial creditors $798 mn, shows bankruptcy filing.

Nidhi Mishra -
Go First, an Indian airline, has filed for bankruptcy, with its bankruptcy filing revealing that it owes financial creditors Rs 6,521 crore ($798 million)....
Business

Mixed Reactions to UK Crypto Regulations

Nidhi Mishra -
The UK government has recently released its first set of rules governing crypto exchanges, which aim to regulate them like traditional financial exchanges. However,...
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