FY24 Archives - R9 News

How US Treasuries Boosted RBI’s Record Rs 2.1 Trillion Surplus to the Indian Government

The Reserve Bank of India (RBI) has made headlines by transferring a record surplus of Rs 2.11 trillion to the Indian government for the fiscal year 2023-24 (FY24). This unprecedented surplus is

May 24, 2024

Thierry Delaporte: Highest-Paid CEO in Indian IT with $20 Million Compensation

Thierry Delaporte, former Chief Executive Officer and Managing Director of Wipro, has once again secured his position as the highest-paid CEO in the Indian IT sector with an impressive income of $20

May 23, 2024

Indian Banks Ramp Up Cyber Insurance Coverage in FY24

The Indian banking industry has significantly increased its cyber insurance cover in FY24, driven by a rise in cyber-related incidents, an uptick in claims, and enhanced regulatory scrutiny. According to insurance brokers,

May 14, 2024

India·Latest News

India’s Credit Card Spending Soars 27% to Rs 18.26 Trillion in FY24: RBI Report

In a significant surge, credit card spending in India escalated by 27% year-on-year to reach Rs 18.26 trillion in the financial year 2023-24 (FY24), as per the latest data released by the

April 25, 2024

India’s Fuel Consumption Surges to Record High in FY24, Driven by Automotive and Industrial Sectors

In the fiscal year 2023-24, India witnessed a remarkable surge in fuel consumption, setting a new record despite a slight dip in March’s figures. According to data released by the Petroleum Planning

April 9, 2024

India·Latest News

Apple Achieves Rs 1 Trillion Milestone in iPhone Production, Outpacing PLI Goals

In a remarkable feat, Apple Inc. has marked a significant milestone in its Indian venture, surpassing the Rs 1 trillion benchmark in iPhone production value within the first 11 months of the

March 22, 2024

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