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News

Indian Bank Q4 Result: Net Profit Surges by 55% to Reach Rs 2,247 Crore.

PJdesk - 07/05/2024 0

Indian Bank Q4 Result: In the March quarter of 2023-24, Indian Bank, a public sector lender, witnessed a significant 55% increase in net profit, reaching...

News

SEBI:Do not extend market trading hours

PJdesk - 07/05/2024 0

SEBI in action Ashishkumar Chauhan, the CEO of NSE, announced during a post-earnings call on Monday that the regulator has rejected the proposal to extend...

News

Finance Minister Sitharaman:The notion that all GST collections are absorbed solely by the Centre is a misconception

PJdesk - 07/05/2024 0

Finance news update: Dispelling the myth that the Centre exclusively retains all Goods and Services Tax (GST) collections, Finance Minister Nirmala Sitharaman highlighted the substantial...

NBFC

To address Credit needs of small merchants UGRO capital Limited acquire ‘MyShubhLife’ aims to target 2 lakh retailers

PJdesk - 06/05/2024 0

UGRO Capital Limited credit news: UGRO Capital Limited a leading DataTech NBFC focused on MSME credit, today announced a significant development that underscores its commitment...

NBFC

UGRO Capital limited announces its capital raise of inr 1,322 cr from existing and new institutional investors & marquee family offices

PJdesk - 06/05/2024 0

UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, today announced that its Board of Directors have approved an equity capital raise...

Insurance

Health insurance: The government may propose a 12% GST rate, with the goal of enhancing coverage through a reduced rate

PJdesk - 06/05/2024 0

Health insurance news update: To enhance the affordability and appeal of health insurance, the government may propose reducing the GST tax rate to 12% from...

Bank

Citi suggests that the bond buyback indicates a shift in the RBI’s stance towards easing and could potentially transition to a neutral position.

PJdesk - 06/05/2024 0

Bond buyback by RBI India's unanticipated decision to repurchase bonds suggests that the central bank is taking proactive steps to ease liquidity and could potentially...

FinTech

Paytm’s stock drops by 4.5% following the resignation of President & COO Bhavesh Gupta; Attention shifts to Q4 results

PJdesk - 06/05/2024 0

Paytm news update: On May 6, shares of Paytm experienced a decline of more than 4.5% following the announcement of the resignation of its Chief...

NBFC

NBFC update:Ugro Capital Limited has reported a significant 133% surge in net profit, alongside announcing a fund raise totaling Rs 1,332 cr.

PJdesk - 05/05/2024 0

NBFC update: Ugro Capital Limited's shares experienced a rise of 1.04 percent, accompanied by a notable increase in trading volume, surpassing 6.87 times the usual....

Bank

Kotak Mahindra Bank’s Fourth Quarter Results Show a 17.6% Increase in Profit Driven by Higher Other Income.

PJdesk - 05/05/2024 0

Kotak Mahindra Bank's Fourth Quarter Results: Kotak Mahindra Bank Ltd. witnessed a surge in profit during the fourth quarter, surpassing analysts' projections. According to an...

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