India Financial News

RBL Bank Q4 results 2024: The board of directors of RBL Bank today declared the fourth quarter results for the financial year 2023-24. The company board declared strong operating profit growth of 49 percent in year-on-year (YoY) terms, whereas its net profit and deposits grew 30 percent and 22 percent respectively. The board of directors of the private lender also declared a ₹1.50 dividend for the eligible shareholders while announcing its Q4 results today.

Tomorrow's IPL Match: Chennai Super Kings (CSK) will take on Sunrisers Hyderabad (SRH) in a South Indian derby on April 27 at the MA Chidambaram Stadium, also known as Chepauk Stadium, in Chennai. CSK, having won 4 out of 8 matches, are at number 5 on the points table at the moment. They have won 2 out of their last 5 matches.

Central Election Committee (CEC) today to discuss candidates for highly anticipated seats in Uttar Pradesh – Rae Bareli and Amethi. Leaders of the Uttar Pradesh Congress and the All India Congress Committee (AICC) in charge of UP, Avinash Pandey, have also been called for a meeting today, sources said. There is a strong buzz that Rahul Gandhi, who contested from Wayanad, will also contest from Amethi seat.

Yes Bank Q4 Results: Indian Private lender YES Bank posted a significant increase in net profit by 123 per cent on April 27, as opposed to analysts' expectations for the fourth quarter (Q4) of FY24. The bank's net profit surged 123.2 per cent year-on-year (Y-o-Y) to ₹452 crore, compared to ₹202.4 crore in Q4FY23. This growth momentum continued from the previous quarter, with a 95.2 per cent increase sequentially (Q-o-Q). The bank saw a robust growth in non-interest income across various fee streams, with a 56.3 per cent Y-o-Y and 31.3 per cent Q-o-Q increase in Q4FY24.

Delhi HC to hear plea seeking disqualification of PM Modi from elections for six years: What's the case against him? As reported by Hindustan Times citing senior officials national capital goes to polls on a Saturday has raised "concerns". Given that May 23 (Thursday) is a gazetted holiday for Buddha Purnima and May 26 is a Sunday, officials are concerned that many people might take May 24 (Friday) off to create an extended long weekend.

Times of India, Rashan said, “I can breathe easy now". Rashan, who had suffered a cardiac arrest in 2019 and experienced health issues for months, travelled to India for medical treatment. Senior cardiac surgeon Dr.

«IT is weak. Banking, you are seeing a bit muted, not so much because of growth or asset quality, but because margins are under some level of pressure,» says Ashi Anand, Founder & CEO, IME Capital. The kind of earnings that we have seen here, globally also there is so much of focus on earnings right now, but then what should one expect? There was one view, one part of the argument was that a heavy earnings or the earnings which could put up a decimal picture like Reliance or maybe IT, those earnings have already gone by now. Look what it looks like now. Can we say the numbers which are yet to report now, the companies which are yet to report numbers now, the growth could moderate here, understanding that the major benefit of the commodity prices environment is largely captured?

India and Oman will sign a trade deal in the coming months, two Indian government officials said, as New Delhi seeks to expand its ties in the Middle East, where rising tensions are putting major shipping routes at risk. «It will help India with a strategic partner and access to key trade routes in a volatile region,» one official told Reuters. India and Oman have annual trade of less than $13 billion, but the relationship is important for New Delhi as the Gulf nation is a gateway to the narrow Strait of Hormuz between Oman and Iran, a major transit point for global oil shipments.

smuggling, security officials have recovered gold of over 2 kgs from two airline passengers. In the first instance, officers from the Air Intelligence Unit (AIU) at Tiruchirappalli airport in Tamil Nadu seized 977 grams of 24K gold valued at Rs 70.58 lakh from a passenger who had come from Dubai. Authorities reported that the gold was hidden in three packets with 1081 grams of paste-like material inside the passenger's rectum. The passenger was traveling from Dubai to Trichy on the Air India Express. They have been detained, and additional investigation is currently in progress.

food prices to come down after rains, as the India Metrological Department (IMD) has predicted above-normal monsoon, the Ministry of Finance said in its recent monthly economic review. The report said that above normal rainfall will lead to higher production of crops. «Further easing of food prices is on the anvil as IMD has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall,» the March 2024, monthly economic review of the finance ministry said.

Bengaluru's apathy towards voting continues in 2024 as well. On Friday, nearly half of the voters in India's Silicon Valley did not turn up to cast their franchise despite numerous efforts by the Election Commission. Voting for Lok Sabha polls was held in 14 constituencies in Karnataka on Friday, where a 69.23 percent voter turnout was recorded. However, the percentage dropped significantly in three urban constituencies in the city, namely Bangalore Central, Bangalore North, and Bangalore South. The approximate voter turnout in Bangalore Central was 52.81 percent, in Bangalore North it was 54.42 percent, and in Bangalore South it was 53.15 percent. However, the voter turnout in Bangalore Rural was approximately 67.29 percent. Mandya and Kolar had a voter turnout of 81.48 percent and 78.07 percent, respectively.

forest fire has been sweeping through the dense foliage in the mountains surrounding Nainital over the last 36 hours, an official said, adding that the Indian Air Force (IAF) has deployed its personnel and MI-17 choppers in a dousing operation in the area. According to officials, the IAF choppers are lifting water from the nearby Bhimtal Lake in Nainital and spraying it in the area to contain and eventually put out the raging forest fire. Rahul Anand, the executive officer of Nainital Nagar Palika, informed after an aerial inspection that MI-17 choppers are jet-spraying on the affected areas amid the raging forest fire.

Copper and aluminium, the most used industrial metals, have gained substantially in the past few weeks. The rally was associated with supply uncertainties and a notable increase in global demand. The Western ban on Russian metals, hopes of US rate cuts, and diversification of holdings of central banks also uplifted the sentiments. Copper futures are hovering near lifetime highs in the key Chinese markets, while they are trading at two-year highs on futures platforms like LME and MCX. Aluminium prices are currently at record levels in Indian markets, gaining over 20 percent since the start of the year.

Markets always tend to climb a wall of worry. And in 2024, investors are grappling with abundant worries. Alongside the looming elections, they now must contend with a fresh geopolitical outbreak in the Middle East. Despite this, most international markets are trading within 5% of their all-time highs. Recent weeks have been dominated by news of strife and armed conflicts. This has led to jitters in foreign flows into Asian equities, impacting India as well. Approximately Rs 25,000 crore has been pulled out by foreign institutional investors from Indian equity markets in April so far.

In March 2024, the Indian auto industry produced a total of 2,325,959 units, covering Passenger Vehicles, Three-wheelers, Two-wheelers, and Quadricycles. Passenger Vehicles accounted for 368,086 units, Three-wheelers saw 56,723 units, and Two-wheelers dominated with 1,487,579 units sold during the domestic sales for the month of March.

Reserve Bank of India (RBI) directed Kotak Mahindra Bank Limited (KMBL) to cease with immediate effect from onboarding new customers through online and mobile banking channels and issuing fresh credit cards. The reason given by the RBI for such an action is because serious deficiencies and non-compliances in certain specified areas were observed. «As per the RBI press release, the action against Kotak Mahindra Bank may have been taken more around the information technology security aspects,» says Ashok Hariharan, Co-Founder and CEO, of IDfy, an identity verification company.

Mamata Banerjee, be declared a terrorist organisation. The demand comes a day after Central Bureau of Investigation said that it has recovered arms and ammunition during a raid at two premises of an alleged associate of Sandeshkhali accused Shahjahan Sheikh. “All the weapons found in Sandeshkhali are foreign.

Tomorrow's IPL Match: Gujarat Titans (GT) will lock horns with Royal Challengers Bengaluru (RCB) on April 27 at the Narendra Modi Stadium in Ahmedabad. GT, having won 4 out of 9 matches, are at number 7 on the points table at the moment. They have won 2 out of their last 5 matches.

IREDA share price: Shares of Indian Renewable Energy Development Agency (IREDA) Ltd will be in focus on Monday when the Indian stock market reopens after the weekend close. The reason for this PSU stock to remain on focus is the latest 'Navratna status' being accorded to the state-owned company by the Government of India (GoI). The PSU company informed on Friday after the market close that the Department of Public Enterprises (DPE) has accorded 'Navratna status' to the company vide a letter dated 26th April 2024.

afflicts rich and poor countries alike. With barriers to commerce rising, high interest rates contining to bite and regulators bridling at takeovers, such liaisons are becoming the go-to way to enlarge a business empire, as the recent actions of companies including Disney, Ford and Microsoft illustrate. Call it the age of the quasi-merger.

Sharp is reportedly planning to invest $3-5 billion to set up a display fab semiconductor factory in India. The display fabs are used for making televisions and other digital screens. According to a report in the Times of India, top officials from Sharp met communications minister Ashwini Vaishnaw this week in this regard. Notably, Sharp is planning to set up a 1,000-acres facility in India which will be even bigger than its factory back home in Japan. Sharp want to use the Indian factory to cater to both domestic demand but exports.