BizzBuzz News: Top stories this evening
Curated Selection of Compelling Articles to Keep You Informed and Ahead
image for illustrative purpose
SBI Surpasses Expectations with 8% Jump in Q2 Net Profit
State Bank of India (SBI) has reported a net profit of Rs 14,330 crore for the July-September FY24 quarter, marking an 8% increase from the previous year. The net interest income (NII) also witnessed significant growth, reaching Rs 39,500 crore, a 12.3% increase from the previous fiscal quarter.
Byju's CEO Raveendran Announces FY23 Audit
Byju Raveendran, CEO of Think and Learn Private Limited (Byju's), has informed employees that the edtech startup will commence the FY23 audit and expects to complete the process in the upcoming months.
Bank of Baroda Reports Strong Q2 Profit
Bank of Baroda, a public sector lender, has reported a net profit of Rs 4,252.89 crore for the September quarter of 2023-24, showing a robust 28.3% increase from the previous year. Improved asset quality and healthy core income growth have contributed to this positive performance.
PM Modi Extends Free Ration Scheme
Prime Minister Narendra Modi has announced the extension of the Pradhan Mantri Garib Kalyan Anna Yojana, a free ration scheme benefiting 80 crore impoverished individuals, for an additional five years. This announcement was made during a public meeting in Chhattisgarh.
Companies Implement Measures as Delhi Battles Toxic Air
Delhi and its surrounding areas continue to grapple with severe air pollution, prompting companies to take precautionary measures, including implementing work-from-home policies, installing air purifiers, and providing masks to employees. The deteriorating air quality has raised concerns about health and well-being.
Edelweiss MF CEO Joins Shark Tank India
Radhika Gupta, the Managing Director and CEO of Edelweiss Mutual Fund, has joined the panel of Shark Tank India 3 as a new judge. This popular business reality TV show will feature Gupta alongside other seasoned faces and fresh "Sharks."
Australia's University of Wollongong Expands in India
The University of Wollongong (UOW), an Australia-based institution, is set to become one of the first foreign universities with an International Branch Campus (IBC) in India. UOW plans to offer blended learning, combining online and offline courses, and recruit faculty beyond the IITs.
