WPI inflation eases to 29-month low of 1.34% in March
India’s annual Wholesale Price Index (WPI)-based inflation declined to a 29-month low of 1.34 per cent in March 2023 as input prices continued to moderate, government data showed on Monday.…
What Reliance’s new Viacom18 deal spells
Viacom18, a controlled subsidiary of TV18, is now the owner of the JioCinema OTT platform and has over Rs 15,000 crore in its kitty to disrupt the market with. What’s…
HDFC Bank likely to post steady Q4 earnings; PAT, NII may record double-digit growth YoY
The next major Q4 earnings will be of the largest private sector lender HDFC Bank on Saturday. The fourth quarterly earnings are seen to be steady for the lender. HDFC…
RBI evaluating potential bidders for majority stake in IDBI Bank
IDBI Bank divestment: The Reserve Bank of India (RBI) is currently assessing several potential bidders who have expressed interest in acquiring a majority stake in the government-owned IDBI Bank Ltd,…
LIC raises stake in 4 Adani Group companies in Q4 post Hindenburg saga
While mutual funds have mostly trimmed their stakes in Adani Group companies, the country’s largest investor in public markets – Life Insurance Corp of India (LIC) – has upped its…
Adani Total Gas Limited cuts CNG, PNG rates, check out new price
Adani Total Gas Limited (ATGL) has reduced the price of compressed natural gas (CNG) by up to ₹8.13 per kg and similarly the price of piped natural gas (PNG) by…
Why credit cards are probable victims of the UPI revolution
It is now proposed to expand the scope of UPI by permitting operation of pre-sanctioned credit lines at banks through the UPI,” said the RBI Governor’s statement, towards the end,…