NEW DELHI: The 2000-rupee notes worth Rs 6,181 crore still remain in circulation after two years of withdrawal, official Reserve Bank of India data released on Monday said.“Thus, 98.26% of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned,” the central bank said.The Reserve Bank of India RBI announced…
NEW DELHI: Foreign portfolio investments in Indian markets reached record levels in May 2025, as confirmed by National Securities Depository Ltd (NSDL) statistics, quoted by ANI. The month recorded net FPI inflows of Rs 19,860 crore, establishing May as the strongest month for foreign investments in 2025.The period from May 26 to May 30 saw…
NEW DELHI: Vodafone Idea on Friday reported a loss of Rs 7,166 crore for the fourth quarter of the last fiscal, against Rs 7,675 crore in the same period of 2023-24. The company’s board also approved raising of Rs 20,000 crore to fund expansion.The company, reeling under a debt pile of over Rs 2 lakh…
India has the seventh largest gold reserves internationally. (AI image) The Reserve Bank’s gold assets value (including gold deposits) saw a substantial rise of 57.12 per cent, reaching Rs 4,31,624.8 crore as of March 31, 2025. This increase was primarily attributed to the addition of 54.13 metric tonnes of gold and the yellow metal’s price…
The Reserve Bank of India’s (RBI) balance sheet expanded by 8.20 per cent year-on-year, reaching Rs 76.25 lakh crore as of March 31, 2025, according to the central bank’s Annual Report for 2024-25 released on Thursday. The increase contributed to a significant dividend payout of Rs 2.69 lakh crore to the central government.The report noted…
British American Tobacco Plc (BAT) on Wednesday divested a 2.5 per cent stake in Indian conglomerate ITC Ltd for Rs 12,941 crore through open market transactions, reducing its shareholding in the FMCG giant to 22.94 per cent from 25.44 per cent.According to bulk deal data available with the National Stock Exchange (NSE), BAT’s affiliate Tobacco…
IndiGo is facing penalties exceeding Rs 2.76 crore from customs authorities in Ahmedabad and Chennai, but the airline has confirmed it will challenge the demands. In regulatory disclosures on Tuesday, IndiGo said it received penalty orders of Rs 2.20 crore from the Principal Commissioner of Customs in Ahmedabad and Rs 56.2 lakh from the customs…
Reliance Infrastructure Ltd (RInfra) on Monday reported a net profit of Rs 4,387 crore for the March quarter, primarily driven by a reduction in expenses. In comparison, the company had posted a net loss of Rs 220.58 crore in the January-March period of 2023-24, according to an exchange filing.The company’s total income for the quarter…
Reliance General Insurance, a subsidiary of Reliance Capital recently acquired by IndusInd International Holdings Ltd (IIHL), posted a 12.5% increase in net profit to Rs 315 crore for the financial year ended March 2025, as the company recovers from nearly three years under insolvency proceedings.The company’s Gross Direct Premium (GDP) rose 7.4% year-on-year to Rs…
The primary market is set to witness heightened activity next week as four main-board initial public offerings (IPOs), including those from Schloss Bangalore Ltd and Aegis Vopak Terminals, are scheduled to hit Dalal Street, collectively aiming to raise over Rs 6,600 crore.Alongside Schloss Bangalore and Aegis Vopak Terminals, IPOs of Prostar Info Systems and Scoda…