[ MUMBAI: Nestle India posted a 27% year-on-year rise in net profit to Rs 934 crore in the March quarter. Total sales increased by 9.3% y-o-y to Rs 5,254 crore, helped by robust growth across its product portfolio, the company said on Thursday. “I am pleased to share that we have delivered double-digit growth, despite … Read more
[ MUMBAI: Axis Bank overtook Kotak Mahindra Bank on Thursday to become India’s third most valued private lender after a rout in the latter’s stock. Kotak Bank‘s stock opened deep in the red on Thursday a day after RBI restricted the lender from onboarding customers digitally and issuing credit cards, citing repeated failures to fix … Read more
[ Kotak Mahindra Bank share price today: The Reserve Bank of India‘s (RBI) decision to temporarily halt Kotak Mahindra Bank’s onboarding of new customers through online and mobile banking channels, as well as the issuance of new credit cards, has led to a significant drop in the bank’s share price. The stock fell by up … Read more
[ Mumbai: Axis Bank has reported a net profit of Rs 7,130 crore for the quarter ended in March 2024, as compared to a loss of Rs 5,728 crore in the year-ago period. For the full financial year, the bank has reported a net profit of Rs 24,861 crore – a 160% increase over last … Read more
[ Britain’s biggest mortgage lender Halifax has become the latest brand to reveal it will increase mortgage rates this week, following a slew of other hikes earlier this week. Halifax emailed brokers today to say that from Friday, it will be increasing mortgage rates on numerous deals by up to 0.2 percentage points. It is … Read more
[ When will India’s first bullet train project be completed? The National High-Speed Rail Corporation Limited (NHSRCL), responsible for constructing the 508 km-long bullet train corridor between Ahmedabad and Mumbai, has stated in an RTI reply that the completion date for the entire project can only be determined after all work tenders have been awarded. … Read more
[ MUMBAI: Almost one in two among India’s youngsters, aged under 25, apparently have planned to spend their first paycheck on a leisure trip abroad on a holiday sans parents or guardians in tow, according to a survey by Skyscanner, a travel search aggregator. “Nearly half (47%) of India’s Gen Z (aged 18-25) are eagerly … Read more
[ The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to immediately stop onboarding new customers through its online and mobile banking channels and cease issuing new credit cards. This regulatory action was taken due to concerns about the bank’s compliance and risk management practices.However, RBI has directed Kotak Mahindra Bank to continue … Read more
[ Applying for a European visa? The travel industry has welcomed the new “favourable” Schengen visa rules for Indians, but industry executives believe that the changes are unlikely to provide any immediate relief for those seeking to travel to Europe who have been frustrated by long appointment wait times for the past three years. However, … Read more
[ It was 21°C and a feast was laid out on the table in front of me. I reached out to scoop up hummus with a chunk of bread before my attention was immediately drawn back to my left. Below, framed by stone-coloured parasols, were two of the Pyramids of Giza. The fact I’d seen … Read more
