UCO Bank Recovers 79% of Rs 820 Crore Erroneously Credited to Account Holders New Delhi, UCO Bank has successfully recovered Rs 649 crore, or 79% of the amount, that was erroneously credited to some account holders via Immediate Payment Service (IMPS). The state-owned bank has initiated the process to reverse the remaining balance of Rs…
The latest Reserve Bank Bulletin has suggested that retail inflation has decreased as a result of monetary policy action and supply side interventions, but cautioned that there is still a long way to go. In addition, the November Bulletin highlighted signs of a global economic slowdown, particularly in manufacturing, while services sector activity appears to…
Indian Renewable Energy Development Agency (IREDA) is all set to launch its initial public offering (IPO) with the aim of raising ₹2,150 crores. The IPO will be open for subscription from November 21 to November 23 and offers a price band of ₹30-32 per share. Prospective investors must place bids for a minimum of 460…
Alibaba Reports Quarterly Disappointing Profit, Halts Full Spin-Off of Cloud Group In the latest financial report, Chinese e-commerce giant Alibaba revealed that its quarterly profit fell below market expectations. This news led to a drop of over 8.3% in its U.S. shares during pre-market trading. Key figures from the September quarter revealed that the company’s…
Mumbai, December 15 – Disney+ Hotstar announced today that all episodes of the highly anticipated thriller series “The Freelancer: The Conclusion” will be available for streaming starting today. The platform first premiered the first four episodes of the show on September 1, and now fans can enjoy the entire series. Based on Shirish Thorat’s book…
Happy Nature, a direct to consumer breakfast brand, has recently secured $300,000 in a Pre-Series A funding round led by Inflection Point Ventures (IPV). This investment will enable Happy Nature to further expand its mission of providing high-quality, ethically sourced milk, dairy, and breakfast essential products to its customers. Vikas Singh, CEO of Happy Nature,…
Bikaji plans to gradually execute its QSR strategy over the next 18-24 months while focusing on pricing and promotional strategies to fend off competition from regional and local players. The Bikaner-based company is eyeing expansion both geographically and through exports, with a goal of maintaining double-digit volume growth for the next decade. In contrast to…
The festive season has been a boon for Mumbai’s real estate sector, with a whopping 12,602 housing units being registered between Navratri and Bhai Dooj. This surge in registrations has enriched the state exchequer by a staggering ₹1,257 crore, marking a 30% growth compared to the previous year. According to Knight Frank India, approximately 407…
U.S. President Joe Biden and Chinese President Xi Jinping met during the Asia-Pacific Economic Cooperation (APEC) Leaders’ week, and Biden again referred to Xi as a dictator. This statement has the potential to undo the progress made between the two nations. In response to a question about his previous comment from June labeling Xi as…
Palo Alto Networks (PANW) recently announced its fiscal 2024 first-quarter results, reporting strong numbers but lowering its full-year billings outlook. This caused the stock to slide in after-hours trading due to concerns over the rising cost of money. Revenue for the quarter ended Oct. 31 increased 20% year-over-year to $1.88 billion, beating the consensus estimate…
