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CBDC can play important role in cross-border payment, says RBI Guv
Business

CBDC can play important role in cross-border payment, says RBI Guv

Posted on: October 25, 2023

[ad_1] Reserve Bank Governor Shaktikanta Das has said that the Central Bank Digital Currency (CBDC), which is being promoted by the central bank, can play an important […]

NFRA probing Adani Group’s auditor SR Batliboi, an EY member firm
Business

NFRA probing Adani Group’s auditor SR Batliboi, an EY member firm

Posted on: October 25, 2023

[ad_1] India’s accounting regulator is investigating an EY member firm that audits five companies that are part of billionaire Gautam Adani’s eponymous conglomerate, a source familiar with […]

Essar plans to make Saudi Arabia regional hub to drive expansion locally
Business

Essar plans to make Saudi Arabia regional hub to drive expansion locally

Posted on: October 25, 2023

[ad_1] Indian conglomerate Essar Group plans to make Saudi Arabia a hub to drive its expansion locally and regionally, its chief executive Prashant Ruia said on Wednesday. […]

GMR Airports purchases 11% more stake in GMR Hyderabad Airport for $100 mn
Business

GMR Airports purchases 11% more stake in GMR Hyderabad Airport for $100 mn

Posted on: October 25, 2023

[ad_1] GMR Airports Limited (GAL) on Wednesday said it will increase its stake in GMR Hyderabad International Airport Limited (GHIAL)  by acquiring an 11 per cent stake […]

Net profit down 61.6%, revenue drops 2%
Business

Net profit down 61.6%, revenue drops 2%

Posted on: October 25, 2023

[ad_1] Mahindra & Mahindra group’s IT services business, Tech Mahindra’s net profit for the second quarter of FY24 was down 61.6 per cent at Rs 494 crore. […]

HMD Global expects 25-30% sales growth in Nokia phones with Easy Pay launch
Business

HMD Global expects 25-30% sales growth in Nokia phones with Easy Pay launch

Posted on: October 25, 2023

[ad_1] Nokia brand mobile device maker HMD Global expects a 25-30 per cent increase in sales in handsets on the back of the introduction of Easy Pay […]

IOC starts producing ‘reference’ petrol, diesel for testing automobiles
Business

IOC starts producing ‘reference’ petrol, diesel for testing automobiles

Posted on: October 25, 2023

[ad_1] Indian Oil Corporation (IOC) has begun producing specialised ‘reference’ petrol and diesel, which are used for testing automobiles, for the first time in India, sources said. […]

Net profit falls 61% YoY to Rs 505 crore
Business

Net profit falls 61% YoY to Rs 505 crore

Posted on: October 25, 2023

[ad_1] [L to R] – CP Gurnani, Chief Executive Officer & Managing Director, Tech Mahindra and New CEO & MD Mohit Joshi (Photo: Kamlesh Pednekar) The consolidated […]

Hilton’s revenue rises by 12%, beat estimates on record lodging prices
Business

Hilton’s revenue rises by 12%, beat estimates on record lodging prices

Posted on: October 25, 2023

[ad_1] Hilton Worldwide Holdings beat Wall Street estimates for third-quarter revenue and lifted its annual forecast on Wednesday, as record lodging prices and higher occupancy levels boosted […]

Net profit up 10% to Rs 5,864 crore, NII up 19%
Business

Net profit up 10% to Rs 5,864 crore, NII up 19%

Posted on: October 25, 2023

[ad_1] Private lender Axis Bank on Wednesday reported a 10.01 per cent rise in its standalone net profit of Rs 5,863.56 crore in the quarter that ended […]

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