Business
HDFC Bank Trails ICICI Bank on Key Performance Metrics as Investors See Nearly ₹5 Lakh Crore in Market Value Erode.
HDFC Bank is facing growing scrutiny after its stock significantly underperformed rival ICICI Bank this year, wiping out nearly ₹5 lakh crore in investor wealth. While India's largest private lender continues to report healthy profits and stable asset quality, analysts say ICICI Bank has widened its lead in profitability, margins, loan growth and return ratios, prompting fresh questions over HDFC Bank's post-merger recovery.
15 days ago|Business
CCI Closes Complaint Against Reliance Jio Infocomm and Other Companies
The Competition Commission of India (CCI) has dismissed a complaint filed against Reliance Jio Infocomm and certain other entities after reviewing the available material. According to the regulator's decision, the complaint did not warrant a formal investigation under the provisions of the Competition Act based on the information presented. The order relates to the specific allegations raised in the complaint and should not be interpreted as a broader finding beyond the facts considered by the C
19 days ago|Business
Wipro Reports Stable Q1 Profit of ₹3,352 Crore, Maintains Cautious Outlook for Next Quarter
Wipro has announced its financial results for the first quarter of the fiscal year, reporting a largely unchanged net profit of ₹3,352 crore compared with the corresponding period last year. While the company continued to generate steady earnings and maintain operational discipline, it also projected a cautious business outlook for the upcoming quarter, reflecting continued uncertainty in the global technology spending environment.
19 days ago|Business
Indian Rupee Strengthens by 14 Paise Against U.S. Dollar in Early Trading
The Indian rupee opened on a stronger note in the foreign exchange market, appreciating by 14 paise against the U.S. dollar during early trading. Market participants attributed the movement to a combination of improved investor sentiment, supportive domestic factors, and changes in global currency trends. Analysts note that exchange rates remain influenced by multiple economic and geopolitical developments throughout the trading day.
19 days ago|Business
Petrol Pump Owners Raise Concerns Over Ethanol-Blended Fuel, Claim Moisture Absorption Is Causing Contamination
Petrol pump owners have voiced concerns over ethanol-blended fuel, alleging that ethanol's moisture-absorbing properties are leading to fuel contamination during storage. They have urged authorities to address the issue, warning that it could affect fuel quality, storage infrastructure, and customer confidence.
20 days ago|Business
SBI Funds Management IPO Subscribed 14 Times on Day 3; GMP Signals Strong Listing Prospects
Nirmala Sitharaman: Middle-Class Consumption Driving India’s Economic Growth
Stock Markets Tumble Over 2% After Trump Declares Iran Truce 'Over'
India Plans Major Crackdown on VPN and Web Privacy Tools to Strengthen Cybersecurity
US Must Ensure a Competitive Edge for India to Finalise Trade Deal: Piyush Goyal
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Flipkart Bets on Payments, Biometrics and Loyalty Programs Ahead of IPO Push
E-commerce giant Flipkart is reportedly strengthening its focus on digital payments, biometric authentication, and customer loyalty initiatives as it prepares for a potential initial public offering (IPO). The strategy is aimed at deepening customer engagement, enhancing platform security, and creating new revenue opportunities in an increasingly competitive online retail market.