UltraTech Cement Ltd, India's largest cement manufacturer, reported better-than-expected earnings for the quarter ended March, with strong volume growth and high capacity utilisation. While the company reported year-on-year growth in the key operational metric, earnings before interest, taxes,...
Goldman Sachs sees India's services exports around 11% of GDP by 2030, up from the current share of 9.7% of GDP, having risen at a compound annual growth rate of 11% and twice as fast as the global growth between 2005 and 2023. The global investment banking company sees the services exports at...
The Reserve Bank of India today directed all regulated entities to review their practices on the mode of disbursal of loans, application of interest and other charges and take corrective action, including system-level changes, in the interest of fairness and transparency. The directions...
The Delhi High Court has restrained Kony Inc and some other technology companies from taking any action which could disrupt credit card services of SBI Cards and Payment Services Ltd till May 22, the next date of hearing. The order is subject to the condition that SBI Cards will deposit a sum of...
ICICI Bank reported a steady performance for the quarter ended March as a sharp fall in provisions and strong loan growth was offset by moderation in net interest margin. The private sector bank's net profit rose over 17% on year to 107.08 bln rupees, higher than analysts' expectations of...
