NEW DELHI: One97 Communications, the parent company of Paytm, reported a consolidated loss of Rs 208.5 crore for the third quarter ending December 31, 2024. This marks a slight improvement compared to the Rs 221.7 crore loss in the same period last year. The reduction in losses was primarily due to lower expenses, including payment…
NEW DELHI: IDBI Bank on Monday reported a robust 31% year-on-year increase in net profit, reaching ₹1,908 crore for the December 2024 quarter. The rise in profit was attributed to reduced provisioning and higher interest income. In the same period last year, the LIC-controlled bank had recorded a net profit of ₹1,458 crore.According to the…
NEW DELHI: India’s online food delivery and restaurant discovery platform Zomato saw a 57% drop in its third-quarter profit, as increased spending on its quick commerce platform, Blinkit, continued to weigh on margins. The company reported a consolidated net profit of Rs 590 million (£4.8 million) for the quarter ending December 31, down from Rs…
Budget 2025 NPS tax benefits: he Section 80CCD(2) deduction limit warrants an increase. (AI image) Budget 2025 NPS expectations: Finance Minister Nirmala Sitharaman should look to make the National Pension System (NPS) more attractive for investors, believe financial experts. There is expectation among financial experts that in the Union Budget 2025 speech, FM Sitharaman will…
On November 21, US authorities indicted Gautam Adani and associates, alleging payment of bribes. Gautam Adani-led Adani Group has hired prominent US law firms, including Kirkland & Ellis and Quinn Emanuel Urquhart & Sullivan LLP, to handle civil and criminal proceedings initiated by the SEC and the Eastern District of New York, sources told ET….
Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting January 20, 2025) are Shriram Finance and Bharat Electronics. Let’s take a look: Stock Name Rating CMP (Rs) Target (Rs) Upside (%) Shriram Finance Buy 527 700 33% BEL Buy 282 360 28% Shriram Finance:Shriram Finance’s diversified…
Bernstein maintained its ‘outperform’ call on Infosys with a target price of Rs 2,330 (+28%). Analysts said that during the Oct-Dec quarter, the company delivered another all-round beat across revenue, margin and earnings. Also, FY25 revenue growth guide was raised by 60 basis points to 4.5-5% ahead of street estimates. They continue to see upcycle…
NEW DELHI: India’s current economic environment is conducive for private investments with the country emerging as a “bright spot” amid the challenging global environment, a CII survey showed. Results revealed that 97% of the firms may increase employment in 2024-25 and 2025-26. In fact, 79% firms said they added more people over the past three…
Donald Trump (File photo) NEW DELHI: Corporate earnings from blue chips like HDFC Bank, ICICI Bank, Donald Trump’s swearing-in as the US President, and trading activity of foreign investors are the key factors to drive equity markets this week, analysts said.Trump will be sworn in as the US president for a second term on Monday….
BENGALURU: India’s $254-billion IT sector has witnessed a structural shift in its operational model while navigating evolving technological landscapes. This demonstrated a departure from the conventional barometer of relying on headcount-linked growth as low-to-medium complexity tasks get automated.In the Dec quarter, the top five Indian IT firms saw a collective net headcount reduction, which stood…
