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Financial Express Mumbai

Japan's population falls by nearly 800,000

JAPAN'S POPULATION DECLINED in all of its 47 prefectures for the first time in a record drop, while its number of foreign residents hit a new high, reaching almost 3 million people, according to government data released on Wednesday, highlighting the increasing role that non-Japanese people play in the shrinking and aging country.

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1 min  |
July 27, 2023
Financial Express Mumbai

Boeing gains after cash flow beats estimates

BOEING SAID ON Wednesday it was lifting production of its bestselling 737 narrow-body jet, a sign the planemaker was recovering from a supplier error that had scuttled its plans for an early ramp-up.

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1 min  |
July 27, 2023
Financial Express Mumbai

Deutsche Bank posts 27% fall in Q2 profit

DEUTSCHE BANK ON Wednesday posted a 27% fall in second-quarter profit as investment banking revenue slumped and warned of the need for cost cuts even though higher interest rates fuelled gains at its retail division.

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1 min  |
July 27, 2023
Microsoft results put Al costs in spotlight
Financial Express Mumbai

Microsoft results put Al costs in spotlight

Azure contributed more than half of cloud sales

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1 min  |
July 27, 2023
PNB profit surges 307% to ₹1,255 cr
Financial Express Mumbai

PNB profit surges 307% to ₹1,255 cr

THE NET PROFIT of Punjab National Bank surged 307% year-on-year to ₹1,255 crore in the April-June quarter, mainly due to a growth in its net interest income and an improvement in asset quality.

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1 min  |
July 27, 2023
Growth in pvt life insurers' new business slows down
Financial Express Mumbai

Growth in pvt life insurers' new business slows down

Tax on policies with over ₹5-lakh premium dents buyer interest

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3 mins  |
July 27, 2023
Financial Express Mumbai

TVS Motor bets on loss-making subsidiaries

Steps up investments in Norton, hikes stake in SMEG

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1 min  |
July 27, 2023
Financial Express Mumbai

Tech Mahindra profit falls 37% in Q1, revenue declines 4%

One of the toughest quarters in last five years: MD & CEO

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2 mins  |
July 27, 2023
Financial Express Mumbai

6 more critical minerals being opened up for private sector

Composite licence mooted, exclusive mandate for Centre

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2 mins  |
July 27, 2023
Financial Express Mumbai

Digital infra of India ‘marvellous': Meta's Nick Clegg

INDIA'S MASSIVE DIGITAL public infrastructure (DPI) which is centred around public interest is a \"marvellous model\" for other countries as citizenship becomes a digitalised phenomenon globally, Meta's president for Global Affairs Nick Clegg said on Wednesday.

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1 min  |
July 27, 2023
Financial Express Mumbai

Jio Fin, Blackrock form

INITIAL INVESTMENT OF $150 MILLION EACH

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1 min  |
July 27, 2023
Financial Express Mumbai

NCLT rejects lessors Go First plea

Airline can use planes to start operations: Tribunal

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1 min  |
July 27, 2023
Financial Express Mumbai

Online gaming tax may be tweaked

GST Council to meet on August 2

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3 mins  |
July 27, 2023
Financial Express Mumbai

Mahindra acquires 3.53% stake in RBL, to add more

MAHINDRA & MAHINDRA (M&M) has acquired 3.53% stake in Mumbai-headquartered RBL Bank through open market transactions, the company informed the exchanges on Wednesday.

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2 mins  |
July 27, 2023
INDIA TO BE 3RD LARGEST ECONOMY PM's 'guarantee': Growth to pick up in third term
Financial Express Mumbai

INDIA TO BE 3RD LARGEST ECONOMY PM's 'guarantee': Growth to pick up in third term

PRIME MINISTER NARENDRA Modi on Wednesday laid out the blueprint for a third term of his government, and said this will be marked by faster economic growth and India becoming the third largest economy.

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3 mins  |
July 27, 2023
LAC actions eroded trust: Doval to Wang
Financial Express Mumbai

LAC actions eroded trust: Doval to Wang

THE SITUATION ALONG the Line of Actual Control since 2020 had \"eroded strategic trust and the public and political basis of the relationship\" between India and China, National Security Advisor Ajit Doval told Beijing's top diplomat Wang Yi, in what is one of the sharpest statements made by him in three years of the border standoff.

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1 min  |
July 26, 2023
Financial Express Mumbai

IDBI Bank plans to recover ₹4,000-cr bad loans in FY24

IDBI BANK IS targeting a loan recovery of ₹4,000 crore in 2023-24, said its managing director and chief executive officer Rakesh Sharma.

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1 min  |
July 26, 2023
Financial Express Mumbai

TikTok to launch e-commerce platform in US

CHINESE SHORT-VIDEO APP TikTok is planning to launch in early August an e-commerce platform to sell China-made goods in the United States, the Wall Street Journal reported on Tuesday, citing people familiar with the plan.

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1 min  |
July 26, 2023
Financial Express Mumbai

China's 'missing' foreign minister Gang sacked

Wang Yi is will be new foreign minister

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1 min  |
July 26, 2023
Financial Express Mumbai

More corporates turn to large private banks for loans: Report

AN INCREASING NUMBER of large and middle market corporates are turning to large private banks for their borrowing needs, a report from Coalition Greenwich showed on Tuesday.

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1 min  |
July 26, 2023
RBI to soon issue guidance on climate risk testing: Deputy guv
Financial Express Mumbai

RBI to soon issue guidance on climate risk testing: Deputy guv

THE RESERVE BANK of India will soon issue guidance to banks for the identification of risks to their credit portfolio from climate-related issues, deputy governor Rajeshwar Rao said.

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2 mins  |
July 26, 2023
Financial Express Mumbai

Ideal for stakeholders, bane for promoters holding over 90%

'Alternatives like 'fixed price' have their own challenges'

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3 mins  |
July 26, 2023
IPL, 5G push Jio data usage growth to 7-quarter high
Financial Express Mumbai

IPL, 5G push Jio data usage growth to 7-quarter high

RELIANCE JIO, India's largest telecom operator by market share, witnessed a seven-quarter high growth in per capita data consumption on its network in the April-June quarter.

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2 mins  |
July 26, 2023
Financial Express Mumbai

Unilever eyes key markets as volumes flat in Q2: CEO

HEIN SCHUMACHER, THE new chief executive officer (CEO) of Unilever, who replaced Alan Jope on July 1, said he remained committed to stepping up performance at the consumer goods company, after it reported flat volumes for the June quarter on Tuesday.

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1 min  |
July 26, 2023
Financial Express Mumbai

Bajaj Auto profit jumps 42%; three new Pulsars on cards

BAJAJ AUTO WILL launch three more versions of the Pulsar in the current year, MD & and CEO Rajiv Bajaj said on Tuesday, adding the company's strategy is to focus on the 125 cc plus segment.

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1 min  |
July 26, 2023
Shoppers Stop enters value retail space with Intune
Financial Express Mumbai

Shoppers Stop enters value retail space with Intune

THE COUNTRY'S OLDEST department store chain, Shoppers Stop, has launched a new affordable retail format called 'Intune' to lure consumers opting for low-priced garments and accessories, the firm said in its latest investor presentation.

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2 mins  |
July 26, 2023
Financial Express Mumbai

Tata Motors beats estimates powered by strong JLR sales

TATA MOTORS ON Tuesday reported higher-than-expected consolidated net profit of ₹3,300 crore for the quarter ended June.

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2 mins  |
July 26, 2023
Financial Express Mumbai

Chandrayaan-3 reaches highest intended orbit around Earth

CHANDRAYAAN-3 THE spacecraft on Tuesday reached its highest intended orbit around the Earth where it will remain for another six days before embarking on its journey towards the Moon.

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1 min  |
July 26, 2023
Financial Express Mumbai

Delhi paid 2nd highest tax, got step-motherly treatment: Kejriwal tells Sitharaman

DEMANDING WHAT HE termed was legitimate due of taxes from the Centre, Chief Minister Arvind Kejriwal wrote to Union Finance Minister Nirmala Sitharaman over the capital's \"stagnant\" share of Rs 350 crore from the central pool.

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1 min  |
July 26, 2023
VC funding bubble seems to have burst: S&P Global
Financial Express Mumbai

VC funding bubble seems to have burst: S&P Global

WITH GLOBAL FINTECH funding falling sharply from the heights of 2021, the bubble seems to have burst, according to S&P Global Market Intelligence's \"Global Fintech Funding Trends\" report.

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1 min  |
July 26, 2023