‘A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.’
Posts tagged Rediff
Can Freedom 125 Disrupt 2-Wheeler Market? (19-07-2024)
‘They are testing the waters to see if there is a market. That is why they are not giving sales targets.’
WazirX Loses $234 Million In Security Breach (19-07-2024)
The swindled amount is nearly half of WazirX’s total assets.
Why Are Milk Prices On The Boil? (19-07-2024)
Milk supplies could improve with the monsoon, provided the rains are not excessive.
RBI admits, food inflation is a concern (18-07-2024)
An article on ‘State of the Economy’ in the monthly Bulletin also said the improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in the evolution of demand conditions. Consumer price inflation ticked up in June 2024 after three consecutive months of moderation as a broad flare-up in vegetable prices halted the overall disinflation that had been underway, it said.
What India Inc says on Karnataka’s reservation bill (18-07-2024)
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state. Infosys employs over 3.15 lakh people at present across the globe. “We are planning to work with all the regulations of the state and central governments.
Infosys Q1 net profit rises 7%, hikes growth outlook (18-07-2024)
IT major Infosys Ltd on Thursday reported a 7 per cent rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to Rs 6,368 crore in the April-June quarter, compared to Rs 5,945 crore in the same period a year back, according to a stock exchange filing by the company.
Sensex breaches 81K, Nifty scales 24,800 peak (18-07-2024)
Bajaj Finserv, Infosys, Mahindra and Mahindra, Tech Mahindra, Hindustan Unilever, State Bank of India and HCL Technologies were the biggest gainers. On the contrary, Asian Paints, JSW Steel, NTPC and Adani Ports were among the laggards.
Non-basmati rice bore the brunt of export curbs (18-07-2024)
As a panel of senior ministers deliberates on the need to review curbs on exports of some rice varieties, data shows that since outbound shipments saw restrictions in July-August last year, the non-basmati segment has suffered more than basmati exports. Sources said the panel is expected to soon deliberate on a few suggestions to ease the export curbs on some rice varieties due to higher-than-required stocks in the central pool. The panel, some observers feel, may also postpone the decision to ease the export curbs till a firm picture emerges on the latest kharif paddy sowing.
Byju’s may move NCLAT against insolvency order (18-07-2024)
Edtech company Byju’s parent Think and Learn will challenge the National Company Law Tribunal’s (NCLT’s) order on insolvency proceedings and may approach the National Company Law Appellate Tribunal (NCLAT) in the next few days, a source claimed. With the NCLT appointing Pankaj Srivastava as the interim resolution professional (IRP), time is running out for Byju’s as the committee of creditors (CoC) begins to be formed.