May 21, 2022 08:22 (IST)
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Parts of Delhi, Gurgaon receive heavy rains today | Textile firm BSL Ltd records Rs 11.48 cr PAT in FY22 | Road rage case: Navjot Singh Sidhu surrenders in Patiala court | Grounded for 3 years, Jet Airways to resume commercial flight operations | Indrani Mukerjea, accused of murdering daughter, leaves jail after 6.5 years

Cabinet empowers BOD of Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for empowering the Board of Directors (BOD) of the Holding / Parent Public Sector Enterprises to recommend and undertake the process for Disinvestment (both strategic disinvestment and minority stake sale) or closure of any of their subsidiaries / units / stake in JVs. 

Sensex slumps by over 1,000 points

Mumbai/UNI: The BSE Sensex Thursday crashed by 1,028 points at 53, 179.70 in the opening session as heavy selling was seen across the board.

Prices of LPG hiked

New Delhi/UNI: The prices of liquified petroleum gas (LPG) were increased by Rs 3.50 Thursday.

Cabinet approves Amendments to the National Policy on Biofuels -2018

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, Wednesday approved the Amendments to the National Policy on Biofuels -2018, according to a government statement.

Are You a Feature Phone User? Here is how to use UPI 123PAY via IVR number and become digitally empowered

Feature phone users can transfer money through 123PAY using IVR (interactive voice response).

ITC Q4FY22 PAT grows 11.8 pc to Rs 4,191 cr; EBITDA up 16.8 pc Rs 5,224 cr

Kolkata: ITC on Wednesday reported a consolidated profit after tax (PAT) of Rs 4,191 crore in the Q4FY22, up 11.8 percent, compared to Rs 3,748 crore in the same quarter of FY21.

Kotak Group Unveils Kotak Private – a Comprehensive Platform for UHNIs and HNIs

Kolkata: Kotak Mahindra Group today unveiled Kotak Private covering the entire gamut of solutions for ultra-high net worth individuals (UHNI) and high net worth (HNI) individuals, comprising entrepreneurs, business families, and professionals.

Kotak Alternate Assets to launch Rs 1000 crore Private Credit Fund

Kolkata: Kotak Alternate Assets, managed by Kotak Investment Advisors Limited (KIAL) today announced plans to launch a Rs 1,000 crore Private Credit Fund under the alternative investment fund (AIF) category II.

Indian Overseas Bank Q4FY22 net profit up 21.5 YoY to Rs 552 cr; FY22 doubles to Rs 1,709 crore

Kolkata: Public sector lender India Overseas Bank reported a net profit of Rs 552 crore in the quarter ended March 31, 2022, up 21.5 percent YoY compared to Rs 454 crore in the same quarter of FY21.

IndiGo appoints Pieter Elbers Chief Executive Officer, Rono Dutta retires

New Delhi: The Board of Directors of InterGlobe Aviation Limited (IndiGo) appoints Pieter Elbers as Chief Executive Officer, subject to regulatory approvals.

Indian Market: Sensex falls 109.94 pts

Mumbai: Snapping a gaining streak of the last two sessions, the BSE Sensex on Wednesday dropped 109.94 pts to settle at 54,208.53 on profit bookings by local operators.

Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent: Report

Goldman Sachs is in the advanced stages of talks to invest $350 million (Rs 2,700 crore) in API Holdings, the promoter of online pharmacy company PharmEasy, ET reported.

Sensex up over 200 points

Mumbai/UNI: The BSE Sensex on Wednesday surged 286 pts at 54,604.54 in the opening session as buying was seen across the board.

Netflix lays off 150 US-based jobs

Washington/UNI: Netflix has laid off about 150 employees a month after it announced loss of subscribers for the first time in a decade.

Fuel prices remain unchanged

New Delhi: Petrol and diesel prices remained unchanged for the 42nd day in a row on Wednesday.