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Mumbai: Bajaj Finance managing director Rajeev Jain emerged as the highest-paid top executive of a non-banking finance company in fiscal 2025 with a total package exceeding ₹65 crore. Including employee stock options worth ₹40 crore, his overall earnings crossed ₹105 crore for the year, according to the lender's annual report. Arvind Kapil, MD of Poonawalla Fincorp, was the second-highest paid, earning ₹45.7 crore, along with Esops that, at current market prices, are valued at more than ₹36 cro ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an ...Read More >
Mumbai: Bajaj Finance managing director Rajeev Jain emerged as the highest-paid top executive of a non-banking finance company in fiscal 2025 with a total package exceeding ₹65 crore. Including employee stock options worth ₹40 crore, his overall earnings crossed ₹105 crore for the year, according to the lender's annual report. Arvind Kapil, MD of Poonawalla Fincorp, was the second-highest paid, earning ₹45.7 crore, along with Esops that, at current market prices, are valued at more than ₹36 cro ...Read More >
Mumbai: Following public outrage, ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in urban areas. Under the revised terms, new savings account holders in semi-urban and rural branches will be required to maintain Rs 7,500 and Rs 2,500, respectively, as against the Rs 25,000 and Rs 10,000 decided earlier by ICICI Bank. "We had introduced new requirements for the minimum Monthly Average Balance (MAB) for new S ...Read More >
New Delhi, August 13: Facing widespread outrage, private lender ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in Metro and urban areas. The revision came after a pushback from customers and days after the second-largest bank in the country raised the MAB requirement from Rs 10,000 to Rs 50,000 for new customers in urban cities. The minimum balance that new ICICI Bank customers in semi-urban areas must main ...Read More >
New Delhi, Aug 8 (PTI) Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. It had reported a profit (attributable to owners of the parent company) of Rs 7.75 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations rose slightly to Rs 84.11 crore in Q1 FY26, from Rs 8 ...Read More >
Investing.com - India stocks were higher after the close on Monday, as gains in the Metals, Real Estate and Auto sectors led shares higher. At the close in NSE, the Nifty 50 rose 0.64%, while the BSE Sensex 30 index climbed 0.52%. The best performers of the session on the Nifty 50 were Hero MotoCorp Ltd (NSE:HROM), which rose 5.34% or 230.30 points to trade at 4,541.90 at the close. Meanwhile, Tata Steel Ltd (NSE:TISC) added 4.08% or 6.24 points to end at 159.25 and Adani Ports and Special Eco ...Read More >
Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as one of the most sustain ...Read More >
NEW DELHI: The Enforcement Directorate is likely to summon some bankers for questioning in the investigation related to loans issued to the Anil Ambani group that later became non-performing assets. The investigative agency has sent letters to the managements of 12-13 banks, both in the private and public sectors, seeking details about the procedures and due diligence followed in sanctioning loans to Reliance Housing Finance, Reliance Communications and Reliance Commercial Finance, , according ...Read More >
Tura (Meghalaya), Aug 4 (PTI) An official of the Meghalaya Agriculture Department was swept away by strong currents of the Ganol River in West Garo Hills district while attempting to cross the water body during a family picnic, police said on Monday. The missing official, identified as Teseng M Sangma, was posted at Ampati in South West Garo Hills district and resided in staff quarters near Dolampong in Araimile police station area in Tura. Teseng had gone to Sella Wari near Ganol River for a ...Read More >
Mumbai: Benchmark indices Sensex and Nifty climbed higher in opening trade on Monday, tracking a firm trend in the Asian markets and buying in auto and metal stocks. The 30-share BSE Sensex rose by 217.61 points or 0.27 per cent to 80,817.52 in opening trade. The 50-share NSE Nifty went up by 71.55 points to 24,636.90. From the 30-share Sensex firms, Tata Steel, BEL, Bajaj Finserv, UltraTech Cement, Hindustan Unilever, Asian Paints, Reliance Industries, Titan and Adani Ports were among the gai ...Read More >
New Delhi: Delhi govt has prepared a plan under which Delhi Transport Corporation (DTC) bus drivers and conductors will receive regular training, with a focus on ethical values, customer service and safe driving, transport minister Pankaj Singh said on Friday. The move is for improving the public image of DTC buses.The minister mentioned that DTC bus drivers who fail to halt at designated stops or are found speeding will face strict departmental action.Several commuters have complained about the ...Read More >
MUMBAI: Payment aggregators are feeling the pinch as ICICI Bank has now started charging them for processing purchases made using UPI,Fintechs that route transactions through the bank must now factor in new charges, intensifying the debate on the long-term viability of free digital payments. Payment aggregators with escrow accounts at ICICI will be charged two paise per Rs 100 processed, capped at Rs 6 per transaction. Those without such accounts will pay double - with a Rs 10 cap. Merchants who ...Read More >
Chandigarh: The UT cyber cell busted a major online fraud racket, arresting 10 persons from Meerut, Ludhiana, and Amritsar for duping an elderly woman of Rs 1 crore. However, they managed to freeze only Rs 36 lakh of the defrauded amount, which will be returned to the victim after court proceedings.The accused used SIM boxes - telecom devices sourced from China - to convert VoIP calls into local mobile calls, masking their international origin. These operations were remotely controlled by handle ...Read More >
Mumbai, July 20 (SocialNews.XYZ) The upcoming week is expected to be crucial for Indian stock markets, with a mix of domestic and global factors likely to influence investor sentiment including key Q1 earnings, PMI data, infrastructure output figures, and developments around the India-US trade deal. Between July 21 and 25, several major companies -- including Dr. Reddy's Laboratories, Bajaj Finance, Nestle India, and Cipla -- will announce their financial results for the first quarter (Q1) of F ...Read More >
Ajmer (Rajasthan) [India], July 20 (ANI): Following incessant heavy rainfall for two consecutive days, the Anasagar Chaupati area in Ajmer was waterlogged on Sunday morning. As the lake overflowed, the residential areas bore the brunt. Traffic movement on the route has been halted; only large vehicles are permitted to move here, while small vehicles and two-wheelers are not being allowed. Earlier, the Ana Sagar lake in Rajasthan Ajmer overflowed on Saturday morning, following incessant rain, ...Read More >
New Delhi: The combined market valuation of 6 of the top-10 most valued firms declined by Rs 94,433.12 crore last week, with Tata Consultancy Services and Reliance Industries taking the biggest hit, in line with a bearish trend in equities. Last week, the BSE benchmark tumbled 742.74 points or 0.90 per cent. While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys and Hindustan Unilever suffered erosion from their market valuation last week, ICICI Bank, Stat ...Read More >
Mumbai (Maharashtra) [India], July 20 (ANI): Participants in the Indian stock markets will closely monitor ongoing tariff-related discussions, high-frequency indicators from both the US and India, two consecutive declines in foreign exchange reserves, and the earnings of companies. According to market analysts, the first trading day of the market will be crucial, as investors will react to the first-quarter results of heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank. Going a ...Read More >
New Delhi, Jul 20 (PTI) Trading sentiment in the stock market this week will be guided by quarterly earning announcements from blue-chips such as Infosys and Bajaj Finance, the outcome of India-US trade talks and global cues, analysts said. Markets may on Monday react to the quarterly results of three heavyweights - Reliance Industries, HDFC Bank and ICICI Bank, an expert said. India's most valuable company Reliance Industries on Friday reported its highest-ever quarterly profit of Rs 26,994 c ...Read More >
New Delhi, Jul 20 (PTI) The combined market valuation of 6 of the top-10 most valued firms declined by Rs 94,433.12 crore last week, with Tata Consultancy Services and Reliance Industries taking the biggest hit, in line with a bearish trend in equities. Last week, the BSE benchmark tumbled 742.74 points or 0.90 per cent. While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys and Hindustan Unilever suffered erosion from their market valuation last week, IC ...Read More >
Kharagpur: A day after 21-year-old Ritam Mondal was found hanging in his hostel room, IIT Kharagpur authorities on Saturday have decided to set up a student-led task force at the wing level of every hostel. This initiative aims to ensure that students themselves remain vigilant about their peers and can report any noticeable behavioural changes to the hall council and hall management committee for prompt action.It is the fourth death in seven months and the fifth in a year that the premier insti ...Read More >
NEW DELHI, July 19: ICICI Bank on Saturday reported a 15.9 per cent jump in its consolidated net profit to Rs 13,558 crore in the June quarter this fiscal. The lender had reported a net profit of Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the reporting quarter, up 15.5 per cent from Rs 11,059 crore in the year-ago period. \Its core net interest income increased 10.6 per cent to ...Read More >
New Delhi, July 19 (SocialNews.XYZ) Delhi PWD and Water Minister Parvesh Sahib Singh on Saturday promised a complete transformation of the capital's ageing water infrastructure within a year, blaming decades-old pipelines and previous government negligence for the ongoing water crisis. During a visit to D-Block Gole Market, Gurudwara Flats in Rakabganj, and Type-II Flats in Sarojini Nagar, Singh highlighted the alarming state of Delhi's water pipelines. "There are places in Delhi where pipelin ...Read More >
Mumbai, Jul 19 (PTI) ICICI Bank on Saturday posted a 15.9 per cent jump in its consolidated net profit for the June quarter to Rs 13,558 crore compared to Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the quarter, up 15.5 per cent from Rs 11,059 crore a year ago. Its core net interest income increased 10.6 per cent to Rs 21,635 crore on the back of a 12 per cent domestic loan growth ...Read More >
Jaipur, July 19 (SocialNews.XYZ) In a significant breakthrough, Rajasthan Police's CID Crime Branch has busted a major coal adulteration racket in Sirohi, exposing a scam worth crores of rupees. The gang was found mixing fake coal dust into high-quality petcoke imported from the US, causing massive financial losses to the cement and steel industries. Additional Director General of Police (Crime) Dinesh M.N. revealed that the racket involved a well-organised network operating from a rented, def ...Read More >
MUMBAI: The second largest private sector lender ICICI Bank has reported a street-beating 15.5 percent growth in its net profit to Rs 12,768.21 crore in the June quarter on better asset quality that brought down its provisions for bad loans. Insurance subsidiaries ICICI Prudential Life and ICICI Lombard General contributed positively to the overall performance, with the group's total capital employed rising to over Rs 3.29 trillion. The core net interest income of the bank increased 10.6 perce ...Read More >
Mumbai, July 19 (SocialNews.XYZ) Amid the ongoing verbal spat between Maharashtra Navnirman Sena (MNS) chief Raj Thackeray and BJP MP Nishikant Dubey over the Hindi language debate in Maharashtra, Union Minister and Republican Party of India (Athawale) president Ramdas Athawale on Saturday has called for restraint, urging all parties to maintain peace and avoid statements that could disrupt Mumbai's communal harmony. Responding to the exchange of inflammatory remarks, Athawale said, "Such state ...Read More >
New Delhi, July 19 (SocialNews.XYZ) ICICI Bank's consolidates net profit stood at Rs 13,557.60 crore in the first quarter of financial year 2026 (Q1 FY26), surging 15 per cent year-on-year (YoY), the private lender informed exchanges on Saturday. The bank posted Rs 11,695.84 crore profit in corresponding quarter a year ago (Q1 FY25). Sequentially, the private bank's consolidated profit was up marginally (Rs 55 crore) as it reported Rs 13,502.22 crore profit in Q4 FY25. The private sector lende ...Read More >
New Delhi, July 19: ICICI Bank's consolidates net profit stood at Rs 13,557.60 crore in the first quarter of financial year 2026 (Q1 FY26), surging 15 per cent year-on-year (YoY), the private lender informed exchanges on Saturday. The bank posted Rs 11,695.84 crore profit in corresponding quarter a year ago (Q1 FY25). Sequentially, the private bank's consolidated profit was up marginally (Rs 55 crore) as it reported Rs 13,502.22 crore profit in Q4 FY25. The private sector lender saw a decline o ...Read More >
Mumbai, Jul 19 (PTI) ICICI Bank on Saturday reported a 15.9 per cent jump in its consolidated net profit to Rs 13,558 crore in the June quarter this fiscal. The lender had reported a net profit of Rs 11,696 crore in the year-ago period. On a standalone basis, the country's second-largest private sector lender reported a net profit of Rs 12,768 crore for the reporting quarter, up 15.5 per cent from Rs 11,059 crore in the year-ago period. Its core net interest income increased 10.6 per cent to ...Read More >
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