financial

  1. HCLTech reports over 20 per cent net income growth at Rs 4,257 crore in Q1 FY25

    HCLTech reports over 20 per cent net income growth at Rs 4,257 crore in Q1 FY25

    HCLTech said it now employs 219,401 people (with a net growth of 8,080 in the first quarter of this financial year).The reduction in headcount due to disinvestment was 7,398 and the company added 1,078 new people during the period.The company said attrition was 12.8 percent, down from 16.3...
  2. Flexi staffing industry grows by over 15 percent, 220K flexible jobs created
In FY24: Report

    Flexi staffing industry grows by over 15 percent, 220K flexible jobs created In FY24: Report

    According to the Indian Staffing Federation (ISF) annual Employment Trends 2024 report, the staffing industry continued to demonstrate quarter-on-quarter growth of 2.3 per cent in the fourth quarter (Q4) of FY20, adding 30,000 new flexi employment opportunities. .The federation noted that the...
  3. Indian Railways achieves record coal loading of 728 million tonnes in 2023-24

    Indian Railways achieves record coal loading of 728 million tonnes in 2023-24

    The ministry also informed that revenue of Rs 86,838.35 crore was received in the financial year 2023-24.The growth of Indian Railways has continued in the current financial year and the total freight traffic in June this year stood at 135.46 million tonnes, which is 10.07 percent more than...
  4. CAG on Maharashtra PSUs: 41 suffered huge losses, net worth of 31 decreased

    CAG on Maharashtra PSUs: 41 suffered huge losses, net worth of 31 decreased

    Further, the total negative net worth of these 31 SPSUs was Rs 9,887.19 crore against the paid-up capital of Rs 7,551.83 crore as on March 31, 2023.The CAG report on state finances for the year ending March 31, 2023 was presented in the state Assembly on Friday.According to the report...
  5. Indonesia tightens cyber security after ransomware attack

    Indonesia tightens cyber security after ransomware attack

    Indonesia's Coordinating Minister for Political, Legal and Security Affairs Hadi Tjahjanto said on Friday that the government will carry out improvements in digital security and strengthen the system capabilities of its national data center, Xinhua news agency reported. ."We are creating a...
  6. Arunachal government allocates Rs 150 crore for Chief Minister's Social Security Scheme

    Arunachal government allocates Rs 150 crore for Chief Minister's Social Security Scheme

    Itanagar, Arunachal Pradesh government has allocated Rs 150 crore under the Chief Minister Social Security Scheme (CMSSS) for various pension schemes in the state.The Minister of Social Justice, Empowerment and Tribal Affairs (SJETA) Department on Thursday said that about 64,096 people in the...
  7. US imposes sanctions on three Israelis, five entities for disturbing peace in the West Bank

    US imposes sanctions on three Israelis, five entities for disturbing peace in the West Bank

    "We are imposing sanctions on three Israeli individuals and five entities related to acts of violence against civilians in the West Bank," the US State Department said in a statement.He said the sanctions were imposed on Lehava, an organization led by American appointee Ben Zion Gopstein that...
  8. CM Sai asked for special grant for Chhattisgarh from Finance Commission

    CM Sai asked for special grant for Chhattisgarh from Finance Commission

    Raipur Chief Minister Vishnu Deo Sai on Thursday sought special central grants for Chhattisgarh, citing its large tribal population, difficult geographical conditions and Naxal activities in parts of the state, at a meeting held with a delegation of the 16th Commission of Finance, said a...
  9. Kerala government gives priority to budget amid economic constraints

    Kerala government gives priority to budget amid economic constraints

    Thiruvananthapuram, Facing an acute financial crisis, the Left government in Kerala on Thursday decided to cut unnecessary expenditure and prioritize certain areas in the current financial year's budget.In a statement, the Chief Minister's Office said the state Cabinet has decided to make...
  10. FM Sitharaman requested to stop misuse of developmental funds in Bengal: Leader of Opposition

    FM Sitharaman requested to stop misuse of developmental funds in Bengal: Leader of Opposition

    The opposition leader also submitted a communiqué to the Finance Minister in which he pointed out how the alleged diversion and misuse of welfare funds is being used to delay the upcoming financial meltdown in the state.West Bengal is heading towards widespread financial recession after...
  11. Telangana CM asks officials of revenue earning departments to achieve targets

    Telangana CM asks officials of revenue earning departments to achieve targets

    Hyderabad, Telangana Chief Minister A Revanth Reddy on Thursday asked officials of revenue generating departments to ensure that they achieve their annual targets.During a review meeting, Revanth Reddy directed officials to take steps to ensure that the revenue increases compared to the...
  12. Government approves several proposals for equipment for Indian athletes, para-athletes going to Paris

    Government approves several proposals for equipment for Indian athletes, para-athletes going to Paris

    At its meeting, the MOC on Thursday approved the proposal of Paralympic medalist Bhavana Patel for assistance to compete at the ITTF Para-Table Tennis Asia Training Camp 2024 in Thailand from July 16 to 20 along with her coach and escort.It also approved the request of para shooters - Manish...
  13. Rich countries fail to meet US$100 billion climate finance pledge by 2022: Oxfam

    Rich countries fail to meet US$100 billion climate finance pledge by 2022: Oxfam

    New Delhi, Rich countries falsely claimed to provide nearly $116 billion in climate finance to developing countries in 2022, while actual financial support provided did not exceed $35 billion, according to the global non-profit organization. profit Oxfam International.At the 2009 UN climate...
  14. Bengal BJP leader met Finance Minister, expressed fear of financial crisis in the state

    Bengal BJP leader met Finance Minister, expressed fear of financial crisis in the state

    Kolkata, Senior BJP leader Suvendu Adhikari on Thursday wrote to Union Finance Minister Nirmala Sitharaman expressing apprehension that development and welfare funds for the people of West Bengal could be diverted and mismanaged to "delay" the impending financial crisis. .Adhikari also met the...
  15. Government appoints Sandeep Kumar as Director (Finance) in PFC

    Government appoints Sandeep Kumar as Director (Finance) in PFC

    New Delhi, The government has appointed Sandeep Kumar as Director (Finance) in Power Finance Corporation Limited (PFC) with effect from July 11, 2024.Prior to this appointment, he was Executive Director (Finance) at PFC since January 1, 2020 and held the position of Chief Financial Officer...
  16. Vodafone Idea has sought waiver of bank guarantee of Rs 24,700 crore from DoT

    Vodafone Idea has sought waiver of bank guarantee of Rs 24,700 crore from DoT

    New Delhi: Debt-ridden Vodafone Idea has approached the Department of Telecom seeking a waiver of a financial bank guarantee worth Rs 24,747 crore for spectrum payment due in September 2025, sources said.Vodafone Idea (VIL) needs to securitize the annual fee one year before the payment due...
  17. 'Aykart has partnered with Grameen Foundation to offer Aykrishi as Platform-as-a-Service (PaaS).'

    'Aykart has partnered with Grameen Foundation to offer Aykrishi as Platform-as-a-Service (PaaS).'

    India, July 11, 2024 – Ayekart, a leading agri-food fintech platform, has announced a strategic partnership with Grameen India Foundation. This collaboration aims to extend Ayekart's Ayekrishi Platform (PaaS) along with market linkage services with integrated finance to Grameen...
  18. RBI decision on LRS increases attractiveness of GIFT IFSC: Ray

    RBI decision on LRS increases attractiveness of GIFT IFSC: Ray

    New Delhi: The Reserve Bank has significantly improved the attractiveness and usefulness of GIFT IFSC by clarifying the use of LRS for investments and allowing transactions such as insurance and education loan payments in foreign currency, GIFT City CEO said on Thursday. and group CEO Tapan Ray...
  19. Sensex, Nifty closed with slight losses amid profit booking ahead of major financial results.

    Sensex, Nifty closed with slight losses amid profit booking ahead of major financial results.

    Mumbai, Benchmark Sensex and Nifty closed marginally lower in a range-bound session on Thursday as investors booked gains in heavyweights ahead of the announcement of key financial results for the June quarter.Retreating from early highs, the 30-share BSE Sensex closed down 27.43 points or...
  20. TCS net profit rises 8.7 percent to Rs 12,040 crore in Q1; CEO says new fiscal year will get off to a strong start

    TCS net profit rises 8.7 percent to Rs 12,040 crore in Q1; CEO says new fiscal year will get off to a strong start

    Mumbai India's largest IT services company Tata Consultancy Services (TCS) on Thursday posted an 8.7 per cent year-on-year rise in its consolidated net profit at Rs 12,040 crore in the first quarter ended in June 2024.The net profit for the same period of the previous year amounted to Rs...
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