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Tata Communications Q1 Net Profit Surges To ₹321.52 crore.

Tata Communications, a leading Indian provider of global communication services, has announced impressive financial results for the quarter ending March 31, 2024. The company’s net profit witnessed a significant jump to ₹321.52 crore, a remarkable improvement compared to ₹191.25 crore in the same quarter of the previous fiscal year. This translates to a strong year-on-year growth of approximately 68%. Reasons…

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Vodafone Idea Seeks Lifeline: Stock Dips Despite Upcoming FPO

Vodafone Idea Limited (Vi), the telecom operator born from the merger of Vodafone India and Idea Cellular, finds itself at a crossroads. On the one hand, the company is preparing a crucial Follow-on Public Offering (FPO) to raise Rs 18,000 crore (US$2.2 billion). On the other hand, its stock price recently fell 4%, reflecting ongoing investor uncertainty. This blog explores…

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New UPI Rules Empower Wallet Users in India

For years, digital wallets like PhonePe and Paytm offered a convenient way to store and transfer money. However, their usefulness was limited by one key factor: you could only use the wallet’s app to initiate UPI transactions. This meant having multiple apps for different wallets, restricting users and hindering a seamless digital payment experience. Fortunately, the Reserve Bank of India…

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RBI Cancels Registration Of Four Non-Banking Financial Companies

The Reserve Bank of India (RBI), in a significant move to enforce regulatory compliance, has cancelled the certificates of registration of four non-banking financial companies (NBFCs). This decisive action underscores the central bank’s commitment to maintaining the integrity of the financial system and protecting the interests of depositors and investors. The Affected Companies- The four companies affected by this cancellation…

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Diesel Disruption: Indian Exports Slump in Asia

India’s diesel exports to Asia have hit a major roadblock. Recent reports indicate a staggering 63% decline in March 2024 compared to the previous year. This sharp drop can be attributed largely to increased competition from established players like China and South Korea. This decline presents a significant challenge for the Indian refining industry. Diesel exports have been a key…

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Financial Fortresses: Building Strong Defences to Avoid Financial Losses

Financial security is a cornerstone of a peaceful life. But unexpected events and impulsive decisions can chip away at our hard-earned savings.  Fortunately, by building strong financial defences, we can significantly reduce the risk of losses and navigate challenges with greater ease. Here are some key strategies to consider: Know Yourself, Know Your Money: Craft a Budget: Your budget is…

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HDFC Bank Share: A Trending Topic in Today’s Financial Landscape

In the bustling world of finance, certain keywords capture the attention of investors and analysts alike, shaping the day’s discourse in stock markets. Recently, “HDFC Bank Share” has emerged as a trending keyword, signaling an uptick in discussions surrounding one of India’s premier banking entities. This blog delves into the latest news and updates concerning HDFC Bank shares, offering insights…

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