Sunday, November 24

Business

April 28, 2024

China's share in India's industrial goods imports jump to 30% from 21% in last 15 years: GTRI

India faces a growing trade deficit with China, relying heavily on Chinese imports in various sectors. To mitigate risks, Ajay Srivastava suggests fostering diversified supply chains. The report highlights China's significant role in India's industrial imports.

April 28, 2024

Elon Musk heading to China for visit to Tesla's second-biggest market, sources say

Elon Musk is heading toward Beijing to discuss fully driving software and data transfer approval with Chinese officials. Tesla stored Chinese fleet data in Shanghai as per regulations, not publicly available in China. Earlier, Musk said that Tesla may make FSD available to customers in China "very soon", in response to a query on social media platform X.

April 28, 2024

ICICI Bank Q4 net profit jumps 17.4% to 10,708 crore, asset quality improves

ICICI Bank, the second-largest private lender, has reported a net profit of Rs 10,708 crore for the quarter ended March 2024, marking an increase of 17.4%, surpassing analyst forecasts. The bank’s board has recommended a dividend of Rs 10 per share. At the end of the quarter, the bank’s deposits stood at Rs 14,12,825 crore, up by 19.6% from March 2023.

April 27, 2024

ICICI Bank reports 18.5% growth in Q4 net profit at Rs 11,672 crore

Private sector lender ICICI Bank on Saturday announced that its consolidated net profit for the March 2024 quarter increased by 18.5% to Rs 11,672 crore. This marks a significant rise from the net profit of Rs 9,853 crore reported in the corresponding period of the previous year. The second largest private sector lender showed a 17.4% growth in its profit after tax.

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