According to a statement shared with stock exchanges, the lender's operating profit grew 67.20 per cent to Rs 1,334.58 crore in the reviewed quarter, against Rs 798.20 crore in the corresponding period the previous year.
"Growth in the next year will likely pick up as investment kickstarts the virtuous circle of job creation, income, productivity, demand, and exports supported by favourable demographics in the medium term," said Rumki Majumdar, Economist, Deloitte India.
Emkay Institutional Equities, a part of Emkay Global Financial Services, expects India will likely witness a sub-five per cent inflation in the early part of 2023, with an average rate of Consumer Price Index at 5.2 per cent for the entire calendar year.
Mumbai (Maharashtra) [India], May 4 (ANI/NewsVoir): India's oldest and largest conference on digital payments, Digital Money, is back with its 15th edition. The conference is being organised by the Payments Council of India (PCI), in association with Lyra India, on Monday, May 08, 2023, at T
The total income of the flagship firm of the Adani Group went up 26 per cent to Rs 31,716 crore during the reviewed quarter whereas its Ebitda surged 157 per cent to Rs 3,957 crore in March quarter over the figure of the previous year's quarter.
Senior Nationalist Congress Party (NCP) leader of Kerala PC Chacko on Thursday met Sharad Pawar and said that efforts are underway to persuade him to remain as party president.
The new financial year 2023-24 kicked off on a relatively weaker note for retail vehicle sales in India as data showed they declined in the month of April.
Cash logistics and security firm SIS Limited reported a net profit of Rs 346.5 crore in the just concluded financial year 2022-23, an increase of over 6 per cent year-on-year.
The Ministry of Home Affairs on Wednesday decided to introduce 30 per cent Millets (Shree Anna) in the meals of personnel of Central Armed Police Forces (CAPFs) and National Disaster Response Force (NDRF).