Newsletter

Vodafone Idea reported 2.2% lower net loss at Rs6,418 crore in Q4FY23. While operating expenses were on the higher side, revenue growth and 4G additions helped. Q4FY23 revenues were up...

The minutes of the May FOMC meeting announced late on 24th May, saw the members continuing to maintain a relatively hawkish stance. The members concurred that inflation was coming down...

The first day for exchanging the Rs2,000 notes were nowhere close to the rush of 2016. In fact, most banks handled this transition in a very smooth manner. Most branches...

BPCL reported a 160% growth in net profits for Q4FY23 at Rs6,478 crore. Even on a sequential basis, the net profits were up 130%. Gross revenues were up 8.1%in the...

The consensus over the US debt ceiling continues to be elusive. June 01 is the deadline till when the emergency measures will last. Beyond that, if the debt ceiling is...

SBI standalone net profits for Q4FY23 grew 83.19% yoy to Rs16,695 crore on healthy NII expansion and 44 bps surge in NIMs. At Rs55,648 crore net profits for FY23, SBI...

The Union Cabinet has approved a Rs38,000 crore subsidy for non-urea fertilisers during the 2023 Kharif season so that output is not impacted. During the Rabi season of 2022, government...

The southwest monsoon is likely to arrive late over Kerala coast this year. The IMD is projecting touch down on 04th June. However, SKYMET has pegged monsoon arrival on 07th...

NCLT will pass the final order on the plea challenging the admission of Go First insolvency on May 22nd. It may be recollected that aircraft lessors had challenged the NCLT...

Upstox, the discount broker backed by Ratan Tata, achieved break-even in FY23. For the year, revenues crossed Rs1,000 crore. The company is now targeting 10-fold growth in customer base to...