The Reserve Bank of India (RBI) has announced a final redemption price for the first tranche of the sovereign gold bond (SGB) scheme at Rs 6,938 per gram and fixed the redemption date as August 5, Monday. Those who invested in the scheme have made an income of a whopping 122% (Rs 3,819) over the … Read more
New Delhi | Bengaluru: HCLTech, India’s third largest software exporter, reported a 6.8% sequential growth in net profit at ₹4,257 crore, beating ET’s analyst poll estimates of ₹3,745 crore. A fatter bottom-line came largely on the back of a spike in non-core income in the June quarter otherwise marked by sluggish demand. Revenues and margins … Read more
What do you think about Dubai? Exotic? Hot? Well, the mega-city of the UAE may not be what you think. Recently, an Indian man took to social media to debunk many of the notions attached to Dubai. Rohit Manchanda, who lives in Dubai, said that Dubai is not as hot as people think. (Join our … Read more
What do you think about Dubai? Exotic? Hot? Well, the mega-city of the UAE may not be what you think. Recently, an Indian man took to social media to debunk many of the notions attached to Dubai. Rohit Manchanda, who lives in Dubai, said that Dubai is not as hot as people think. (Join our … Read more
Half a dozen banks reported higher quarterly net profit Saturday, as growth in retail loans, increased non-interest income and a fall in provisions more than offset the impact of increasing cost of funds that weighed on their net interest margins (NIMs). ICICI Bank, the largest of the six lenders, reported a 24% rise in net … Read more
