iPhones get cheaper by up to Rs 6,000 after customs duty relief in Budget
New Delhi: Apple has reduced the prices of its iPhones by 3-4% across its entire range, allowing customers to save between Rs 5,100 and Rs 6,000 on Pro or Pro Max models.
Power Grid Corporation of India Q1FY25 net profit rises 3.52% to Rs 3,724 cr
Mumbai: Power Grid Corporation of India (PowerGrid) reported a 3.52 percent increase in its consolidated net profit, reaching Rs 3,723.92 crore for the June quarter.
SEBI bars fugitive businessman Vijay Mallya from trading in securities market
Mumbai: The Securities and Exchange Board of India (SEBI) has banned fugitive businessman Vijay Mallya from accessing the securities market for three years, media resports said.
Govt to push forward majority stake sale in IDBI following key RBI approval
New Delhi: Government will press ahead with the delayed sale of a majority stake in IDBI Bank after central bank clearance, opening bids for the lender before the end of the financial year, Reuters reported, citing a top finance ministry official said on Friday.
IndiGo Q1FY25: Net profit drops 11.7% to Rs 27,288 million on increased expenses
Gurugram: IndiGo operator Interglobe Aviation reported an 11.7% drop in net profit in the first-quarter of FY25 to Rs 27,288 million against Rs 30,906 million with increased expenses overshadowing strong air travel demand.
Indian auto component industry clocks Rs. 6.14 lakh crore turnover in FY 2023-24
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry on Thursday announced the findings of its Industry Performance Review for the fiscal year 2023-24 which showed the turnover of the automotive component industry stood at Rs. 6.14 lakh crore (USD 74.1 billion) for the period, registering a growth of 9.8% over the previous year.
'Confidence in the India story': ITC to invest Rs 20,000 cr in medium term, says CMD Sanjiv Puri
Kolkata: ITC plans to invest Rs 20,000 crore in the medium term, reflecting its strong belief in India's economic potential, according to Sanjiv Puri, the chairman and managing director of the consumer goods company, media reports said.
LIC-backed SJVN's stock skyrockets after PSU bags Rs 14,000 crore pumped storage project in Mizoram
Mumbai/IBNS: Shares of Life Insurance Corporation (LIC)-backed Satluj Jal Vidyut Nigam Ltd (SJVN) rose 13 percent in early trades on Friday (July 26) after SJVN said it has secured a Letter of Intent from the Government of Mizoram to develop the 2,400 MW Darzo Lui Pumped Storage Project worth Rs 13,947 crore, marking the firm's entry to the North-Eastern state.
RBI proposes stricter LCR norms for banks, releases draft guidelines
New Delhi/IBNS: The Reserve Bank of India (RBI), in view of the rising number of mobile and internet banking users, has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits, reports said.
Mankind Pharma acquires Bharat Serums and Vaccines from Advent International for Rs 13,630 crore
Mumbai/IBNS: Mankind Pharma Ltd, India’s fourth largest pharmaceutical company by market share, on Thursday (July 25) said it has entered into a definitive agreement to acquire a 100 percent stake in Bharat Serums and Vaccines (BSV) from Advent International for an enterprise value of Rs 13,630 crore, according to reports.
Foxconn eyes expansion in India, plans Apple iPad assembly in Tamil Nadu plant 'soon': Report
New Delhi/IBNS: Foxconn has been eyeing major expansion in India as the Taiwanese tech major is planning to assemble Apple's flagship tablet iPad at its Sriperumbudur facility in Tamil Nadu, according to a report by the Economic Times.
Foreign investors pull out $1.27 billion from Indian stock market after Union Budget
Mumbai/IBNS: Foreign portfolio investors (FPIs) have taken out almost Rs 10,710 crore ($1.27 billion) from the Indian stock market in the last three days after the government, in the Union Budget, raised taxes on derivatives trades and on capital gains from equity investments, reports said.
Canara Bank Q1FY25: Profit grows 11% YoY to Rs 3,905 cr; NII grows 6%
Bengaluru: State-run lender Canara Bank Thursday reported a 10.5 percent YoY growth in net profit at Rs 3,905.28 crore in the Q1FY25, compared to Rs 3,535 crore in the same period last year.
Tata Motors’ market capitalization surpasses Rs 4 trillion
Mumbai: Tata Motors’ market capitalization crossed Rs 4 trillion for the first time on Thursday.
IPO-bound Ola Electric suspends electric car project: Report
Bengaluru: India's IPO-bound Ola Electric has paused its plans to launch electric cars, choosing instead to concentrate on its e-scooter business, according to a Reuters report.