BENGALURU: Infosys terminated 240 trainees at its Mysuru campusafter they failed to clear an internal assessment. This decision came after the trainees were given three attempts to qualify. The company gave them ample preparation time and arranged several mock assessments and doubt-clearing sessions.Despite these efforts, the trainees were unable to meet the required standards. This…
The interest rate cuts by the RBI and falling inflation have boosted returns of debt mutual funds. Find out which category of debt fund should you buy nowDebt funds are on a roll, thanks to the rate cuts by the RBI and the decline in inflation over the past few months. A cut in interest…
ICICI Bank board has recommended a dividend of Rs 11 per share for the financial year 2024-25, following a robust financial performance in the fourth quarter. The bank’s board recommended the dividend after reporting a strong 18% year-on-year growth in standalone net profit, which rose to Rs 12,630 crore for the January-March quarter, compared to…
HDFC Bank has announced a final dividend of Rs 22 per equity share for the financial year 2024-25. This translates to a 2,200% pay-out on the face value of Re 1 per share and is subject to approval by shareholders.The bank has fixed June 27, 2025, as the record date to determine shareholders eligible to…
Private sector lender Yes Bankon Saturday reported a 63.3% year-on-year (YoY) increase in standalone net profit to Rs 738 crore for the March quarter. Net interest income (NII) also rose by 5.7% YoY to Rs 2,276.3 crore.Both net profit and NII exceeded Street estimates.During the quarter, the bank’s interest income grew by 2.3% YoY to…
Robert Kiyosaki, the author of the best-selling personal finance book Rich Dad Poor Dad, has issued a stark warning to Americans and global investors: the financial collapse he has long predicted is now underway.In a recent public statement shared on social media, Kiyosaki pointed to several alarming trends—including record-high credit card debt, surging US national…
ICICI Bank on Saturday announced a 15.7% year-on-year increase in its consolidated net profit for the January–March quarter, reaching Rs 13,502 crore.On a standalone basis, the private sector lender’s net profit rose by 18% to Rs 12,630 crore, compared to Rs 10,708 crore in the same quarter last year.The bank’s core net interest income (NII)…
HDFC Bank, the country’s largest private sector lender, reported a 6.7% rise in standalone net profit for the fourth quarter of FY25, reaching Rs 17,616 crore, up from Rs 16,512 crore in the same period last year.According to a regulatory filing on Saturday, the bank’s total income stood at Rs 89,488 crore during the January-March…
HDFC and ICICI Bank to announce Q4 results today HDFC Bank and ICICI Bank, two of India’s largest private sector lenders, are set to announce their financial results for the fourth quarter of FY2024-25 on Saturday, according to BSE calendar. As of March 31, 2025, HDFC Bank’s period-end advances stood at Rs 27.73 lakh crore,…
Representative image (Picture credit: ANI) India’s central bank saw a sharp jump in the value of its gold reserves during the week ending April 11, driven by a global rally in gold prices amid heightened geopolitical and economic uncertainty.According to data released by the Reserve Bank of India (RBI) on Friday, the value of its…
