HDFC Bank Ltd. reported a 2% growth in net profit for the third-quarter ended December 31, 2024, compared with ₹16,373 crore in the year-ago period. Profit after tax, adjusted for trading and mark to market gains, prior year one-off provisions, and prior year tax credits, grew 13.6% over the quarter ended December 31, 2023, the … Read more
Employees Provident Fund Organisation. File Photo: Supreet Sapkal The Employees’ Provident Fund Organisation enrolled around 8.74 lakh new members in November 2024, registering an 18.8% rise from the figure recorded in the corresponding period in 2023, the Union Labour Ministry said on Wednesday (January 22, 2025). On a monthly basis, new members rose by 16.58% … Read more
Reliance Consumer Products Ltd. (RCPL) has announced the acquisition of Bengaluru-based SIL Foods for an undisclosed sum. This acquisition marked a significant milestone for RCPL in its pursuit of building a futuristic business with a solid foundation, the company said in a statement on Wednesday. “Reliance Consumer Products is focused on building a business for … Read more
A U.S. subsidiary of generic drugmaker Laurus Labs has been issued a Form 483 with one observation by the U.S. Food and Drug Administration (U.S. FDA) after a post-marketing adverse drug experience (PADE) inspection. The PADE inspection of the New Jersey-based wholly-owned foreign subsidiary Laurus Generics Inc. included a comprehensive scrutiny of practices and … Read more
Congress leader Jairam Ramesh. File | Photo Credit: PTI The Congress on Wednesday (January 22, 2025) claimed that it is becoming clear that the “disappointing” Quarter 2 Gross Domestic Product (GDP) growth numbers are not a blip but a clear slowdown in the economy and the post-pandemic bump is not broad-based enough to power long-term … Read more
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad. | Photo Credit: REUTERS The rupee appreciated 25 paise to close at 86.33 (provisional) against the U.S. dollar on Wednesday (January 22, 2025), supported by positive domestic equities and soft U.S. dollar index. Forex traders said the rupee is likely … Read more
As part of his flurry of first-day actions, U.S. President Donald Trump took aim at electric vehicles, a cornerstone of the Biden administration’s climate change agenda. Mr. Trump’s executive order on “Unleashing American Energy” on Monday included steps to ensure a “level” playing field for gasoline-powered motors and halt federal funding to build new EV … Read more
FILE PHOTO: Former chief executive officer at Disney+ Hotstar, Sajith Sivanandan, has been appointed as President of Jio Mobile Digital Services. | Photo Credit: KSL Former chief executive officer at Disney+ Hotstar, Sajith Sivanandan, has been appointed as President of Jio Mobile Digital Services. Mr. Sivanandan, who will be leading the AI-powered digital services for … Read more
Andhra Pradesh Chief Minister N. Chandrababu Naidu is scheduled to meet Microsoft founder Bill Gates and several other global executives in Davos, Switzerland on Wednesday, officials said. On the third day of his visit to the Swiss resort town, the Chief Minister will also meet the officials from the World Economic Forum (WEF), they added. … Read more
Representational image. | Photo Credit: The Hindu GUWAHATI: The northeast comprising eight States recorded almost 16% growth in direct selling, bettering a turnover of ₹1,854 crore during the 2022-23 fiscal by ₹255 crore during 2023-24, the Indian Direct Selling Association (IDSA) said at the second Northeast Direct Selling Conference and Expo on Tuesday (January 22, … Read more