FY24

Zomato’s Platform Fee Boosts Revenue By ₹83 Crore In FY24

04 Aug 2024

Food delivery giant Zomato has revealed that its newly introduced platform fee has generated ₹83 crore in revenue for the fiscal year 2023-24. This fee, which was implemented in August 2023, is highlighted as a key factor in the company's 27% year-on-year growth, bringing its adjusted revenue to ₹7,792 crore...

India’s Overseas Assets Surge Ahead Of Liabilities In FY24: RBI Report

26 Jun 2024

India's financial standing with the rest of the world saw improvement over the past year, with the country boosting its overseas assets at a faster rate than its foreign liabilities, driven mainly by a rise in reserve assets, as per data from the Reserve Bank of India (RBI). During the...

Economy beats estimates, grows 8.2% in FY24

01 Jun 2024

Growth propels economy to $3.5 trillion and set the stage for achieving the $5-trillion target in the next few years. Amidst deepening geopolitical distress and global macroeconomic headwinds, India’s GDP is estimated to have posted a growth of 8.2 per cent in financial year 2023-24 compared to the growth rate...

Banking Sector Surpasses Net Profit Of Rs 3 Lakh Crore For First Time in FY24

20 May 2024

In FY24, the banking sector achieved a significant milestone as its net profit surpassed Rs 3 lakh crore for the first time. Both public and private sector banks contributed to this remarkable feat, with the net profit of listed banks rising by 39% to Rs 3.1 lakh crore from Rs...