Business News

Business

Yes Bank Reports Stunning 63% YoY Profit Jump to Rs 738 Crore in Q4, NII Exceeds Expectations

Yes Bank reports a 63.3% YoY increase in Q4 net profit to Rs 738 crore, with NII rising to Rs 2,276.3 crore. The bank also improved its net NPA to 0.3% and saw advances and deposit...

Business

RBI's Gold Reserves Skyrocket by Nearly Rs 12,000 Crore in Just One Week Amid Global Uncertainty

India's RBI saw a sharp increase in gold reserves by nearly Rs 12,000 crore in a week, driven by global gold price rallies amid economic uncertainty. Gold futures hit record highs,...

Business

India and US Accelerate $500-Billion Trade Pact Talks: Key Delegation to Meet in Washington

India and the US are advancing towards a $500-billion trade pact, with a key Indian delegation visiting Washington for talks. The agreement aims to cover goods, services, and inves...

Business

India Makes History: First Sea-Route Pomegranate Export to the US Marks a New Era in Trade

India has made history by exporting its first consignment of pomegranates to the US via sea route, shifting from traditional air freight. This 14-tonne shipment marks a new era in ...

Business

Kopi Kenangan Enters Indian Market: A Potential Price War Against Starbucks and Tim Hortons?

Indonesian coffee chain Kopi Kenangan enters the Indian market, challenging global giants Starbucks and Tim Hortons with lower prices and a localized menu. Targeting young consumer...

Business

IT Industry's Hiring Dilemma: More Jobs Added Than Cut, Yet Challenges Persist

The IT industry sees a cautious approach to hiring with a focus on productivity and efficiency amid macroeconomic challenges, leading to a volatile job market for engineering and t...

Business

Infosys Continues Stringent Assessments, Dismisses 240 Trainees in Latest Round

Infosys has terminated 240 trainees at its Mysuru campus for failing internal assessments, continuing a trend of high standards. The company offers support through salary, training...

Business

Government Denies Plans to Impose GST on UPI Transactions Over Rs 2,000

The Indian government has clarified that there are no plans to impose GST on UPI transactions over Rs 2,000, dismissing recent reports as false. The finance ministry explained that...