Centre's Apr-Sept fiscal deficit widens to Rs 7.02 lakh cr
New Delhi: The fiscal deficit increased to Rs 7.02 lakh crore in April-September, up from Rs 6.43 lakh crore in April-August, according to data released on October 31.
L&T Q2FY24 profit soars 45% to Rs 3,223 cr
Mumbai: Larsen & Toubro (L&T) Tuesday announced a 45 percent year-on-year surge in net profit, amounting to Rs 3,223 crore, in the second quarter of fiscal year 2023-24.
India's core sector marks 8.1 pc YoY growth in September
India's core sector comprising of eight key infrastructure components grew 8.1% year-on-year (YoY) in September 2023, according to data released by Commerce and Industry Ministry on Tuesday.
Indian Market: Sensex down 237.72 pts
Snapping a winning streak of last two sessions, the BSE Sensex dropped 237.72 pts to close at 63,874.93 as selling was seen in Auto, Energy Technology and BSE Services stocks.
A top official of Godrej Locks believes that the rate of growth which digital locks will witness in the next three years might be 10 percent of the sales in the segment.
Indian Market: Sensex advanced 329 pts
The BSE Sensex gained further by 329.85 pts to close at 64,112.65 as buying was seen in Realty, Energy and Telecommunications stocks.
Bandhan Mutual Fund launches Bandhan Nifty Alpha 50 Index Fund
Bandhan Mutual Fund on Saturday announced the launch of the Bandhan Nifty Alpha 50 Index Fund, an open-ended index scheme tracking Nifty Alpha 50 Index, providing investors with an opportunity to invest in a well-diversified portfolio of stocks that generated high alpha (relatively higher returns than the market) over the last one year.
Bajaj Finserv Q1FY24 net profit grows 24% to Rs 1,929 cr
Mumbai: NBFC Bajaj Finserv posted a consolidated net profit of Rs 1,929 crore, marking a 24% increase compared to the previous year's earnings of Rs 1,557 crore.
SBI Cards and Payment Services Q2FY24 PAT grows 15% YoY to Rs 603 cr
Mumbai: SBI Cards and Payment Services Ltd reported Profit After Tax (PAT) of Rs 603 crore in Q2 FY24, up 15% YoY, compared to Rs 526 crore in Q2 FY23.
BharatPe's Chief Product Officer Ankur Jain resigns
Mumbai: Fintech unicorn BharatPe on Friday said that its Chief Product Officer Ankur Jain has resigned to pursue startup ambitions.
Union Bank Q2FY24 soars 90% YoY to Rs 3,511 cr; NII stands at Rs 9,126 cr
Mumbai: Public sector lender Union Bank recorded a net profit of Rs 3,511 crore in the quarter ending September of FY24, surging 90 percent compared to the Rs 1,848 crore reported in the same period last year.
RBI grants extension to Dipak Gupta as MD & CEO of Kotak Mahindra Bank
Mumbai: The Reserve Bank of India (RBI) has granted an extension to Dipak Gupta as the interim Managing Director and Chief Executive Officer (MD and CEO) of Kotak Mahindra Bank until December 31, 2023.
Jio Infocomm posts Rs 5,058 cr Q2FY24 net profit, up 12% YoY
Mumbai: Jio Infocomm, the telecom arm of Reliance Industries, posted a standalone net profit of Rs 5,058 crore for the quarter ending in September, up 12.10 percent year-on-year.
Reliance Retail Q2FY24 PAT grows 21% YoY to Rs 2,790 cr
Mumbai: Reliance Retail, the retail division of diversified conglomerate Reliance Industries, recorded a 21 percent year-on-year rise in net profit, reaching Rs 2,790 crore for the quarter ending in September.
Sensex surges 634 points to close at 63782.80
Snapping a losing streak of the last six sessions, the BSE Sensex on Friday surged 634.65 points to close at 63782.80 as buying was seen in power, utilities, and real estate stocks amid a positive Asian market.