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IQ-AI subsidiary gets second FDA rare paediatric disease designation | Financial News

Indian Railway Finance Corporation (IRFC) reported a 34% increase in profit to Rs 1,717.3 crore for Q4 FY24. Total income rose to Rs 6,477.9 crore, while expenses decreased. The board approved a final dividend of 70 paise per share and sanctioned Rs 50,000 crore fundraising through various bonds.

In the previous corresponding quarter, the company posted a net profit of Rs 562 crore, it said in a regulatory filing.

Plus500 Ltd on Tuesday said it remains confident of its prospects in 2024 and beyond, as it reported continued progress in the first quarter of the year. Shares in Plus500, a London-based...

The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services.

According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat.

Rt. Hon. Rukia Nakaddama, 3rd Deputy Prime Minister of Uganda launches the Huawei cloud startup program in Uganda.

(MC) State-owned REC Ltd on April 30 reported a net profit of Rs 4,079.09 crore for the quarter ending March 31, 2024, which is about 33 percent higher as compared to the year-ago period. The company's net profit in the fourth quarter of the previous fiscal stood at Rs 3,065.37 crore. Net interest income for the quarter…

For the entire FY24, the companys net profit was Rs 14,019 crore, up from Rs 11,054.64 crore in FY23.

Notably, for the entire FY24, the company's net profit was Rs 14,145.46 crore, up from Rs 11,166.98 crore in FY23.