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ABB and Škoda Group power up Czech railways with new battery-electric trains

ABB and Škoda Group have announced a partnership, the first of its kind between the two companies, that marks a milestone in railway electrification....

HDFC Bank Reports Q3 FY25 Results: Net Profit Rises 2.2% YoY, over 8% steady growth In NII

India’s largest private sector lender, HDFC Bank, has announced its financial results for the third quarter of FY25, reporting a 2.2% year-on-year (YoY) increase...

RBI cancels Certificate of Registration of X10 Financial Services Limited due to irregular lending practices

The CoR has been cancelled by RBI as the company has violated RBI guidelines on code of conduct in outsourcing of financial services in...

Zomato and Swiggy saw their stock prices plunge over 9% in a single trading session following Zomato’s quarterly results

Zomato's share price plunged over 9% during Tuesday's trading session following disappointing Q3 results. On Monday, the company reported a 57.2% drop in consolidated...

RBI updates FEMA regulation to boost cross-border rupee transactions

To promote the increased use of the Indian Rupee (INR) in trade transactions, the Reserve Bank of India (RBI) introduced the Special Rupee Vostro...

Global conflict, Environment and Disinformation are the top threats in 2025: Report

Geneva, Switzerland – The World Economic Forum’s 20th edition of the Global Risks Report, published today, highlights an increasingly fragmented global landscape where mounting geopolitical,...

ABB India celebrates its 75th anniversary

ABB India marks 75 years of operations, a journey underscored by technological innovation, sustainable solutions, and significant contributions to India’s industrial and social development....

Swiggy and Zomato under fire: FHRAI to Aapproach commerce ministry over alleged anti-competitive practices by quick food delivery apps

The Federation of Hotel and Restaurant Associations of India (FHRAI) plans to raise concerns with the Ministry of Commerce and Industry regarding standalone quick...

RBI imposes monetary penalty on Indian School Finance Company Pvt. Ltd., Telangana

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹50,000/- on Indian School Finance Company Pvt. Ltd. (ISFC), a non-banking financial...

RBI levies monetary penalties on 4 Co-operative Banks for breaching regulatory norms

Mumbai, December 30, 2024: The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks for non-compliance with regulatory norms. The...

Rupee weakens further amid strong Dollar and importer demand

The rupee continued its downward trend for the third straight day on Thursday, weighed down by a strong dollar and increased month-end dollar demand...

EY report projects 6.5% economic growth for India amid calls for fiscal reforms and investment acceleration

India's economic growth is projected to grow by 6.5 percent in the current and next financial year, according to an EY report. The report...

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MobiKwik reports total income of INR 9,140 Mn for nine months of FY25, surpassing full-year FY24 income

One MobiKwik Systems Ltd. India’s largest digital wallet, today announced earnings results (standalone and consolidated) for nine months ended December 31st, 2024, and third...

SCOR: January 2025 P&C reinsurance renewals results

In line with its Forward 2026 strategic plan, SCOR continues to grow its P&C preferred lines while maintaining a strong underwriting discipline. During...

UBS reports 4Q24 net profit of USD 0.8bn and FY24 net profit of USD 5.1bn; proposes USD 0.90 dividend per share

UBS Group AG has announced its financial results for the fourth quarter and full year of 2024, showcasing significant growth in profitability. The Swiss...

Eleganz Interiors Rs. 78 crore IPO opens on February 7; price band set at ₹123-130

Mumbai, February 4, 2025: Eleganz Interiors Limited, a leading provider of interior fit-out solutions in India, today announced its initial public offering (IPO) will...