Author: Dinesh

Yes Bank has updated its fixed deposit (FD) interest rates for deposits below ₹3 crore, with the new rates effective November 5, 2024. The changes aim to offer attractive returns across a variety of deposit tenures, ranging from 7 days to 120 months. Here’s a breakdown of the revised rates: Revised Yes Bank FD Rates…

Page Industries, the exclusive licensee for the JOCKEY® brand across India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE, as well as for the Speedo brand in India, recently declared a substantial second interim dividend for FY 2024-25 at ₹250 per share. The record date for this dividend is November 16, 2024,…

Ahead of the Air India-Vistara merger, which will take effect on November 12, 2024, several key management changes have been announced to facilitate the integration process. This restructuring marks the final phase in the consolidation of Tata’s four airlines into two, a major step in preparing for the next phase of growth and transformation for…

Federal Bank shares reached a record high of ₹207.80 on Thursday, continuing a strong performance this week after hitting ₹207.50 earlier. This marks a notable rebound from the 52-week low of ₹139.45 in January 2024. The bank’s market capitalization stood at ₹50,300 crore as of Thursday, with 1.5 lakh shares exchanged, resulting in a turnover…

Tata Motors reported an 11% decline in its Q2 FY25 profit, with a net profit of ₹3,343 crore, down from ₹3,764 crore in the same period last year. Revenue also fell by 3.5%, totaling ₹1.01 lakh crore, compared to ₹1.05 lakh crore in Q2 FY24, primarily due to lower sales volumes. Key financial highlights include:…

Commerce and Industry Minister Piyush Goyal recently addressed the state of U.S.-India trade relations, particularly in the context of former President Donald Trump’s previous criticisms. Speaking at the Business Today MPW session in Mumbai, Goyal acknowledged that Trump had referred to India as a “tariff king” due to its high import duties. However, Goyal also…

India’s Competition Commission (CCI) has found food delivery giants Zomato and Swiggy in violation of competition laws, following an investigation that began in 2022. The probe was triggered by a complaint from the National Restaurant Association of India, which accused both companies of engaging in anti-competitive practices that favored certain restaurant partners and hindered market…

Sudarshan Pharma Industries Ltd (SPIL), a prominent contract manufacturer of generic pharmaceuticals, has announced a 10:1 stock split, with the record date set for November 18, 2024. This decision will split each existing equity share with a face value of ₹10 into ten shares with a ₹1 face value each. The goal behind this move…

Zee Media Corporation’s shares were in focus on November 7, 2024, after the company announced a fundraising deal involving the allotment of 13,33,33,333 fully convertible warrants to three Foreign Portfolio Investors (FPIs): UNICO Global Opportunities Fund Limited, Ebisu Global Opportunities Fund Limited, and AL Maha Investment Fund PCC – Onyx Strategy. The warrants were issued…

The Reserve Bank of India (RBI), by an order dated October 29, 2024, has imposed a monetary penalty of ₹25,000 (Rupees Twenty-Five Thousand only) on Manvi Pattana Souharda Sahakari Bank Niyamitha, Manvi, for non-compliance with specific directions issued under the Supervisory Action Framework (SAF). This penalty was imposed under the powers vested in the RBI,…