BUSINESS
HDFC Bank logs higher revenue, PAT, NPA
In a regulatory filing, the company said on a standalone basis for the quarter ended September 30, it had earned a total income of Rs 78,406 crore (Q2FY23 Rs 46,181.96 crore) and a net profit of Rs15,976 crore (Rs.10,605.78 crore).
Rupee plunges to 12-month low against dollar
The RBI has been intervening periodically to sell dollars in the market to prevent the rupee from going into a free fall, according to traders.
Nifty in choppy trade as geopolitical tensions weigh
After opening with a negative note, the market slipped into further weakness soon after the opening. It later showed minor upside recovery from the lows, but was not able to sustain the recovery towards the end, he said.
Oil prices rise on Middle East tensions
Investors are concerned that the Israel-Hamas war could spark a wider conflict in the oil-rich region and further tighten global supply, CNN reported.
After Zomato, now Swiggy increases platform fee to Rs 3 for food orders
A Swiggy spokesperson on Monday told IANS, that "there has been no significant change on platform fee, which is applied by most service players and is a common practice across industries".
RBI’s intervention in unsecured loans could hurt growth of banks, NBFCs
Post Covid-19, most lenders have turned pro-risk and, in the quest to accelerate growth/profitability, are chasing unsecured loan growth, including PL, Cards.
Vizhinjam Port will emerge as largest private port in Kerala: Karan Adani
“This project -- the development of the Vizhinjam International Deepwater Multipurpose Seaport -- has been the most challenging project that we have ever taken on and executed,” Adani said speaking at the inauguration of the Vizhinjam port.
Hyundai, Kia sell over 2 lakh eco-friendly cars in US from Jan-Sep
The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in the first nine months, up 61.6 per cent from the 131,986 logged over the same period last year.
Flipkart’s festive sales saw a record over 1.4 bn customer visits
Flipkart’s kirana partners delivered over 4 million packages in the first 4 days of TBBD 2023. The company said that seller success reached new heights with 2 times “crorepati seller growth over TBBD 2022”.
Air India Express flight diverted to Karachi due to medical emergency
According to an Air India Express spokesperson, the incident occurred when a passenger on board the Dubai-Amritsar flight experienced a severe medical complication during the journey.
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