Canara Bank on Friday said it plans to sell its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to the other venture partner State Bank of India (SBI)…
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RIL Q3 results: K V Kamath appointed as independent director, firm to raise Rs 20,000 cr via NCDs
Mukesh Ambani-led Reliance Industries on Friday appointed veteran banker K V Kamath as independent director of the firm for five years. “K V Kamath has assumed office as an Independent…
Reliance Retail Q3 results: Net profit rises 6.2% to Rs 2,400 cr
Reliance Retail on Friday reported 6.2 per cent year-on-year (YoY) jump in its net profit at Rs 2,400 crore for the December 2022 quarter. The retail arm of Reliance Industries…
RIL Q3 results: Net profit declines 15% YoY to Rs 15,792 crore
Reliance Industries Ltd on Friday reported 15% drop in consolidated net profit (attributable to owners of the company) at Rs 15,792 crore for the quarter ending December 31, 2022 as…
Indians spent 8.7 billion hours on shopping apps in 2022: Report
E-commerce platforms continued to reap the benefits of the pandemic in 2022 too, with shoppers spending more and more time buying online vis-a-vis offline stores. Not only were India’s ecommerce…
Important that digital platforms of news publishers get a fair share of revenues from Big Tech: I&B Secretary
I&B Secretary Apurva Chandra on Friday said it’s important that digital platforms of news publishers “get a fair share of revenues” from Big Tech platforms. “There have been issues regarding…
PhonePe, Paytm world’s most downloaded finance apps in 2022
India’s fintech majors PhonePe and Paytm were the most downloaded finance apps in the world in 2022, according to data.ai’s State of Mobile 2023 report. Other Indian apps in the…
Reliance Jio Q3 results: Net profit rises 28% to Rs 4,638 cr
Reliance Jio, the telecom arm of Mukesh Ambani-led conglomerate Reliance Industries Ltd, reported a 28.3% rise in third-quarter profit on Friday, as it added more users. Jio, India’s biggest telecom…
JSW Steel Q3 net profit falls over 85 pc to Rs 474 crore
JSW Steel on Friday posted a sharp 85.50 per cent fall in its December quarter consolidated net profit to Rs 474 crore mainly on account of higher expenses. The firm…
Q3 results previews: YES Bank, ICICI Bank and Kotak Mahindra Bank
Three major banks ICICI Bank, Kotak Mahindra Bank and YES Bank are among dozens of lending and non-lending and companies, which will announce their December quarter results on Saturday. While…