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The TReDS platform will bring participants together for facilitating uploading, accepting, discounting, and settlement of the invoices/bills of sellers, according to draft directions for 'Trade Receivables Discounting System', on which the central bank has invited comments by May 1. The Reserve Bank on Wednesday proposed to drop the due diligence requirement for MSMEs to onboard TReDS platforms to promote ease of doing business for micro, small and medium enterprises. Trade Receivables Discoun ...Read More >
India's financial system is absorbing the West Asia conflict in ways that are not immediately visible on balance sheets, but are silently building under the surface. | Image: Bloomberg As the US-Iran-Israel war continues into its second month with no clear end in sight, the economic fallout for India is no longer just about oil spikes or headline volatility. India's financial system is absorbing the West Asia conflict in ways that are not immediately visible on balance sheets, but are silently ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Paduko ...Read More >
Ahmedabad, Oct 31 (SocialNews.XYZ) Global brokerage firms remain upbeat on Adani Power Limited (APL) following its strong operational performance in the September quarter (Q2 FY26), with Morgan Stanley, Jefferies, and Cantor Fitzgerald all maintaining positive views and raising their price targets on the stock on Friday. Morgan Stanley reiterated its 'Overweight' rating on Adani Power with an industry view of 'In-Line' and set a price target of Rs 163.60 -- implying a modest 1 per cent upside f ...Read More >
Mumbai: The Indian unit of global streaming giant Netflix reported a 63% increase in net profit to ₹85 crore for FY25, according to its filings with the Ministry of Corporate Affairs (MCA), sourced from Tofler. Netflix Entertainment Services India LLP had posted a profit of ₹52 crore in the previous financial year. Revenue from operations grew 32% to ₹3,769 crore from ₹2,846 crore a year earlier, driven by strong subscriber additions through direct acquisitions and bundling partnerships with te ...Read More >
Bengaluru: Persistent Systems' revenue in the September quarter rose by 4.4% in constant currency and increased by 4.2% quarter-on-quarter in dollar terms to reach $406 million. Its revenue grew 17.6% year-on-year. Persistent's strong performance drove the share price up by nearly 6% on the BSE on Wednesday.Industry-wise, sales grew quarter-on-quarter by 7% in BFSI, 3.8% in healthcare, and 2.2% in tech and emerging verticals. The company's EBIT margin stood at 16.3%, up 80 basis points sequentia ...Read More >
New Delhi: In a major boost to Adani Power Ltd (APL), Crisil Ratings has upgraded its rating on the long-term bank facilities of the company from 'Crisil AA-/Positive' to 'Crisil AA/Stable'. Additionally, the global credit rating agency has assigned its 'Crisil AA/Stable' rating to Adani Power's proposed Rs 11,000 crore non-convertible debentures (NCDs). The upgrade reflects Crisil's assessment of Adani Power's improving credit risk profile, citing key business growth parameters such as an inc ...Read More >
NEW DELHI: Crisil Ratings has upgraded its rating on the long-term bank facilities of Adani Power Ltd (APL) to 'Crisil AA/Stable' from 'Crisil AA-/Positive'. The global credit rating agency has also assigned its 'Crisil AA/Stable' rating to Rs 11, 000 crore proposed non-convertible debentures (NCDs) of Adani Power. The upgrade in rating reflects "Crisil Ratings' expectation of strengthening in APL's overall credit risk profile with strong improvement in the business parameters on account of in ...Read More >
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