The net interest income - the difference between interest earned and paid - rose 11.1% to ₹5,408 crore. Net interest margin (NIM) for the June quarter came in at 4.25%.
The International Association of Machinists and Aerospace Workers reached a tentative agreement with Apple, promising better work-life balance, pay raises, and job security for retail workers at Towson, Maryland. Workers will vote on August 6. The deal includes a pay raise, limits on contracted employees, and improvements in work-life balance. Apple did not comment.
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories from the week, including the top developments from the union budget. Let's take a look.
Sebi's investigation is based on the findings of Financial Conduct Authority, its counterpart in UK, for the period from January 1, 2006 to March 31, 2008.
The new norms would also impact net interest margins (NIM) as the stock of low yielding g-sec rises in banks' books, and intensify competition for retail deposits, the people cited above said.
US Vice President Kamala Harris officially declared her candidacy for the US presidential elections by signing the necessary forms. Harris expressed confidence that her people's-powered campaign will win in November. She stressed the importance of earning every vote and committed to working hard to achieve that goal.
Some U.S. presidential election contenders have ties to India, but experts believe these links won't significantly impact U.S.-India relations. This view is based on bipartisan support in the United States for closer relations with India, aimed at countering an assertive China.
In an order sheet of the hearing held on July 11, the division bench of technical member Anu Jagmohan Singh and judicial member Kishore Vemulapalli asked the parties to serve a fresh notice of final hearing to the central/state governments, tax authorities, and regulatory bodies like the Competition Commission of India (CCI) and the Ministry of Information and Broadcasting.
Three separate arson attacks targeting France's high-speed rail network paralyzed train travel nationwide on Friday as Paris prepared to host the opening ceremony for the 2024 Olympics. It remains unclear who was responsible for the attacks or if they were timed to disrupt the event.
Olympics: French President Emmanuel Macron declared the Olympic Games open on Friday after a rainy ceremony featuring cheers for athletes along the Seine, rooftop dancing in Paris, and a performance by Lady Gaga.
"Banks led by State Bank of India had come in to support the reconstruction scheme. As per regulations, banks cannot remain invested in other banks," managing director and chief executive Prashant Kumar told ET in an exclusive interaction.
The budget proposal exempts Venture Capital funds in GIFT City, Gujarat, from disclosing their fund sources. This aims to ease compliance and encourage investment. Tax exemptions will also apply to retail schemes and ETFs. However, the exemptions do not offer immunity from the Prevention of Money Laundering Act (PMLA).
From rare paintwork, handcrafted leather interiors to special registration nos, auto makers see surge in queries for customisation.
Mphasis, a mid-tier IT firm, clocked a 2.1% growth in Q1 net profit at Rs 404 crore. The company is seeing a major chunk of its deals being led by AI, CEO Nitin Rakesh told ET.
Prompt engineering is the process of structuring an instruction that can be interpreted and understood by a generative AI model. And now, top technology companies, including the likes of IBM, Accenture, and the Tata Group, are hunting for specialists who can speak the AI language.
The cabinet was set to decide on expanding the production-linked incentive (PLI) schemes in sectors like textiles, food processing, and pharmaceuticals to include more products. Meanwhile, the budget for PLI schemes increased to `16,092 crore for FY25. Textile PLI might see a lower investment threshold, with more man-made fabric products and apparel possibly being added.
India's manufacturing sector has seen a significant job growth over the past two years, surpassing the services sector. This turnaround is driven by government incentives, increased domestic demand, and companies expanding capacities. The sector is projected to create millions of jobs by 2024, contributing to the nation's goal of becoming a global manufacturing hub.
Harvey Weinstein's health condition deteriorated as he was hospitalized in New York.
Ace Team USA swimmer Caeleb Dressel is gearing up for his dream run at the Paris Olympics 2024, and everyone is hoping for a Michael Phelps-like legendary performance by the athlete, who would be aiming at continuing his medal winning journey from the World Championships.
"The Sandman" season 2 release date, episodes and cast details are emerging gradually. One will be able to watch the show on Netflix.
