Bank Nifty Today Live Updates: Bank Nifty Price Live blog for 12 Mar 2025

Omni raises $69M to design tools that help companies better analyze their data

Employees at many companies today are expected to make decisions through careful data analysis, but the tools they need to do it are clunky, slow or — in some cases — don’t exist. That’s according to Colin Zima, the CEO of Omni, a business intelligence (BI) platform that aims to help organizations simplify how they...

Slowdown in credit card growth continues, disbursement at 4-year low: Report

AIMPWAMarch 13, 2025

The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm. The report, which provides insights into the credit card segment for January 2025, highlights a decline in total spending and a drop in the number of credit...

Rupee surges 22 paise to settle at 87 against US dollar

AIMPWAMarch 13, 2025

The rupee surged 27 paise to settle at 87 (provisional) against the US dollar on Thursday following robust macroeconomic data and easing crude oil prices. Besides, recent weakness in the US dollar index also supported the local currency, forex dealers said. However, losses in domestic equities and unabated foreign capital outflows capped the sharp gain,...

Tata Group telecom major receives PLI incentives worth ₹123.4 crore for FY24, stock sheds 44% YTD: Buy or sell?

AIMPWAMarch 13, 2025

Tejas Networks has received ₹123.45 crore as incentive for FY24 under PLI Scheme for telecom and networking products. The Tata-Group backed company reported a six-times jump in consolidated revenue from operations at ₹2,811 crore in Q2FY25 compared to ₹396 crore during the same period last year. Tejas Networks is a part of the Tata Group,...

Canara Bank to issue ₹4,000 crore Basel-III compliant Tier-II bonds with AAA rating, bidding on March 17, 2025.

AIMPWAMarch 13, 2025

After raising ₹3,000 crore through tier-I bonds in August 2024, Canara Bank’s Board of Directors has now approved the issuance of ₹4,000 crore in Basel III–compliant tier-II bonds of ₹4,500 crore during FY 2024-25. The bond is rated AAA/Stable by CRISIL and CARE and will have a tenor of 10-years with 5-year call option. The...