Ride-hailing app Uber has been granted an aggregator license by the Delhi Transport Department, allowing it to operate buses in the national capital under the Delhi Premium Bus Scheme, the company announced in a statement. Delhi is the first state to issue a license for bus operations, and Uber is the first aggregator to receive […]

In Mumbai, the eagerly awaited interview to fill the chairman’s seat at the State Bank of India (SBI) has encountered an unexpected setback. Initially slated for Tuesday, the interview has been deferred, as per two individuals familiar with the situation. Late Monday, SBI, India’s largest bank, received notification of the postponement without a new interview […]

Indian banks have shown robust earnings growth in the fourth quarter of FY24, primarily driven by healthy loan expansion. Listed banks experienced a boost in net profits, attributed to increased other income and credit growth. However, net interest margins displayed mixed trends, largely influenced by the upward pressure on funding costs. The combined net profit […]

Early trading on Tuesday saw a downturn in equity benchmark indices, mirroring the negative sentiment in Asian markets and fresh outflows of foreign funds. The 30-share BSE Sensex dropped by 218.11 points to 73,787.83, while the NSE Nifty fell by 97.45 points to 22,404.55. Key constituents of the Sensex such as Nestle, Mahindra & Mahindra, […]

The inaugural season of Venture Studio, an entrepreneurship course initiated by the Entrepreneurship Development Cell at IIT Delhi (eDC, IIT Delhi) in partnership with esteemed Institute alumni, concluded recently. This pioneering initiative aimed to equip IIT Delhi students with the essential knowledge and skills necessary for navigating the challenging terrain of startup creation. The course, […]