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CRED’s FY22 financial results show a significant increase in losses, reaching INR 1,279 crore-thumnail

CRED’s FY22 financial results show a significant increase in losses, reaching INR 1,279 crore

The Bengaluru-based financial technology company CRED has revealed a significant increase in losses for the fiscal year 2021-2022, amounting to INR 1,279 crore. This represents a 2.4 times increase from

Business

Feb 10, 2023

According to the government, the annual generation of nuclear power reached a total of 35,333 million units in the 2021-2022 fiscal year-thumnail

According to the government, the annual generation of nuclear power reached a total of 35,333 million units in the 2021-2022 fiscal year

The Union Minister, Jitendra Singh, announced on Thursday that India’s annual generation of nuclear power had reached 35,333 million units in the 2021-2022 fiscal year. This represents a significant increase

Finance

Feb 10, 2023

Concerns Multiply for Investors in Ambuja Cements-thumnail

Concerns Multiply for Investors in Ambuja Cements

Recently, there has been significant attention on the stock of Ambuja Cement Ltd due to the decline in the Adani Group shares. On Thursday, the stock experienced a 5% drop

Finance

Feb 9, 2023

<strong>In January, India’s fuel demand dropped from a nine-month high</strong>-thumnail

In January, India’s fuel demand dropped from a nine-month high

Fuel demand in India decreased in January after reaching a nine-month high in December, as a result of decreased mobility brought on by the country’s widespread cold weather and a

Finance

Feb 9, 2023

Karnataka HC is offering temporary residency to Flipkart India upon request for more than Rs 1,100 crore-thumnail

Karnataka HC is offering temporary residency to Flipkart India upon request for more than Rs 1,100 crore

In its order, the High Court mentioned that no enforcement action will be taken against the company until the next hearing on February 24. Flipkart is one of the leading

Finance

Feb 8, 2023

MPC’s Nominal GDP Growth Projection of 11.7% Exceeds Budget Estimate Significantly-thumnail

MPC’s Nominal GDP Growth Projection of 11.7% Exceeds Budget Estimate Significantly

The government and the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) seem to have differing views on the projected nominal economic growth for the 2023-2024 financial

Finance

Feb 8, 2023

<strong>12 cities to get QR code-based coin vending machines: RBI</strong>-thumnail

12 cities to get QR code-based coin vending machines: RBI

Shaktikanta Das announced the installation of QR code-based coin vending machines in 12 cities at the most recent RBI MPC meeting. According to the RBI governor, this will make it

Finance

Feb 8, 2023

Polaris Smart Metering has secured $100 million in funding from I Squared Capital-thumnail

Polaris Smart Metering has secured $100 million in funding from I Squared Capital

A private equity firm based in Singapore named I Squared Capital has made a significant investment of $100 million, enabling them to acquire a controlling interest in Polaris Smart Metering

Finance

Feb 8, 2023

RBI’s Monetary Policy Update: Increase in Repo Rate by 25 Basis Points, and Revised GDP Forecast at 7%-thumnail

RBI’s Monetary Policy Update: Increase in Repo Rate by 25 Basis Points, and Revised GDP Forecast at 7%

On the 8th of February, 2023, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, made a public announcement regarding a hike in the repo rate by 25

Finance

Feb 8, 2023

CreditSights believes that State Bank of India’s exposure to the Adani Group is “well-manageable”-thumnail

CreditSights believes that State Bank of India’s exposure to the Adani Group is “well-manageable”

According to a note released by CreditSights, a subsidiary of Fitch Ratings, the exposure of the State Bank of India to the troubled Adani Group is considered to be under

Finance

Feb 7, 2023

Government Changes Vodafone Idea Owed Payments to Equity; Shares Skyrocket 24%-thumnail

Government Changes Vodafone Idea Owed Payments to Equity; Shares Skyrocket 24%

Vodafone Idea stock prices jumped 24% to reach a high of Rs 8.57 on the Bombay Stock Exchange after the Indian government converted the company’s accumulated interest of Rs 16,133

Finance

Feb 6, 2023

India’s ‘LiFE’ initiative could save the world $440 billion in 2030-thumnail

India’s ‘LiFE’ initiative could save the world $440 billion in 2030

The savings equates to around 5% of all fuel expenditure in the global economy that year, according to the IEA. According to a report by the International Energy Agency (IEA),

Finance

Feb 6, 2023


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