Gautam Adani ranks 4th richest on Forbes list after Bill Gates pledges $20 bn to charity
Jul 21, 2022, at 03:19 pm
With a net worth of $114 billion, Adani Group Founder and Chairman Gautam Adani now occupies the fourth spot on the Forbes list. His net worth saw a meteoric rise in 2021 and 2022 when it grew from $ 50 billion to $90 billion.
Wipro's Q1FY23 net profit declines 21 pc YoY to Rs 2,564
Jul 21, 2022, at 02:25 pm
Wipro Ltd (Wipro) Wednesday reported a 20.93 percent year-on-year (YoY) drop in its consolidated net profit at Rs 2,563.6 crore for the quarter ended June against a PAT of Rs 3,242.6 crore recorded during the same period last year.
HUL FY23Q1 net profit jumps 14 pc YoY to Rs 2,391 cr
Jul 21, 2022, at 02:21 pm
FMCG giant Hindustan Unilever Ltd (HUL) reported a 14 percent year-on-year (YoY) jump in net profit and a 20 percent YoY increase in net revenue, according to media reports.
5G auction: Dept of Telecom approves Reliance Jio, Airtel, Vi and Adani as final participants
Jul 21, 2022, at 05:04 am
New Delhi: The Department of Telecommunication (DoT) has approved Reliance Jio Infocomm, Bharati Airtel, Vi and Adani Data Networks as the final participants in the 5G spectrum auction in India that is slated to begin on July 26.
NCLT allows insolvency proceedings against Future Retail
Jul 21, 2022, at 03:42 am
The Mumbai bench of the National Company Law Tribunal (NCLT) allowed a consortium of lenders, led by Bank of India, to initiate insolvency proceedings against debt-laden Future Retail, media reports said.
ITC AGM: MD Sanjiv Puri highlights future plans, export potential and growth areas
Jul 21, 2022, at 02:44 am
Hotels to FMCG conglomerate ITC Wednesday convened its Annual General Meeting (AGM) where Chairman and Managing Director Sanjiv Puri threw light on the company's Next Strategy in key segments, export potential, new products and its future tech enterprises.
Jul 20, 2022, at 10:49 pm
New Delhi: Alcove Realty MD Ajay Kumar Shroff and company director Archana Shroff received the prestigious ‘Best Affordable EWS/LIG Housing Project in the state of West Bengal’ award recently at the “PMAY - Empowering India Awards 2022” from the Minister of State for Housing and Urban Affairs Kaushal Kishore.
Aditya Birla Sun Life Mutual Fund launches a Unique ETF
Jul 20, 2022, at 10:16 pm
New Delhi: Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, an investment manager to Aditya Birla Sun Life Mutual Fund, has announced the launch of a unique ETF tracking the Nifty Financial Services TRI to help investors capture the growth opportunity across the spectrum of financial services.
Rupee falls 5 paise against USD
Jul 20, 2022, at 10:13 pm
Mumbai: The Rupee on Wednesday slipped five paise to close at 79.90 against the USD on rising demand for US Dollar from bankers and exporters,, dealers at the Foreign Exchange said.
Maruti Suzuki launches Grand Vitara
Jul 20, 2022, at 10:11 pm
Gurugram: Celebrating NEXA’s 7th anniversary, Maruti Suzuki on Wednesday unveiled its gamechanger SUV, The Grand Vitara.
Indian Market: Sensex rally 629.91 pts
Jul 20, 2022, at 10:09 pm
Mumbai: The BSE Sensex on Wednesday advanced 629.91 pts at 55,397.53 following gains in IT, Technology, FMCG and Metal stocks.
Tata Steel signs MoU with BHP to explore low carbon iron and steelmaking technology in India
Jul 20, 2022, at 10:07 pm
Mumbai: Tata Steel has signed a Memorandum of Understanding (MoU) with BHP, a leading global resources company, with the intention to jointly study and explore low carbon iron and steelmaking technology.
Ambuja Cement Foundation helps scale up Strawberry production at Farakka
Jul 19, 2022, at 10:30 pm
Kolkata: As many as 35 farmers from Farakka in West Bengal have each made over Rs 1 lakh in profits by switching to strawberry cultivation.
Bajaj Allianz Life Insurance partners with DBS Bank India
Jul 19, 2022, at 10:21 pm
New Delhi: Bajaj Allianz Life Insurance, one of India’s leading private life insurers, and DBS Bank India, the wholly owned subsidiary of DBS Bank Ltd., Singapore, have announced a strategic partnership to offer a wide array of life insurance solutions to the bank’s 3M customers.
Indian Market: Sensex moves up at 246.47 pts
Jul 19, 2022, at 09:50 pm
Mumbai: The BSE Sensex on Tuesday rallied 246.47 pts at 54,767.62 following gains in Realty, Metal, Bankex and Auto stocks.
Hero MotoCorp launches rally edition of Xpulse 200 4V
Jul 19, 2022, at 07:04 pm
New Delhi: Continuing to deliver on its promise to provide youthful, technologically advanced and aesthetically appealing motorcycles to its customers, Hero MotoCorp on Tuesday launched an exclusive Rally Edition of its widely popular motorcycle Xpulse 200 4V.
Finance minister says ban on cryptocurrencies not possible without international collaboration
Jul 19, 2022, at 06:54 pm
New Delhi: Sitharaman's statement on cryptocurrencies or Virtual Currencies (VCs) in Parliament was in response to a five-pointer question by Thirumavalavan, a member of Parliament from Tamil Nadu's Chidambaram.
Ola to invest $500 million to set up Battery Innovation Centre in Bengaluru
Jul 19, 2022, at 06:51 pm
Bengaluru: Ola Electric will invest $ 500 million to set up a Battery Innovation Centre in Bengaluru, the company said Monday.
Maruti Suzuki launches bold and mini-SUV S-Presso with a new refined engine
Jul 19, 2022, at 06:16 pm
New Delhi: Auto major Maruti Suzuki on Tuesday announced the launch of the new S-Presso with Next Gen K-Series 1.0L Dual Jet, Dual VVT engine with Idle-Start-Stop technology.
NTPC and Indian Oil sign agreement for powering refineries with renewable energy
Jul 19, 2022, at 04:27 pm
Mumbai/IBNS: NTPC and IndianOil signed an agreement for the formation of a joint venture company for meeting the power requirements of upcoming projects of IndianOil refineries in New Delhi Monday.
Rupee hits all-time low of 80 against US dollars
Jul 19, 2022, at 04:18 pm
Mumbai/UNI: The rupee hit an all-time low of 80 against the US dollars in further worry for the country's economy, media reports said.
5G auction: Reliance Jio infocomm deposits highest earnest money
Jul 19, 2022, at 05:51 am
New Delhi: Reliance Jio Infocomm has deposited the highest earnest money accounting for more than half of the earnest money deposited by the bidders ahead of the 5G auction.
EPFO likely to increase equity investment to 20 pc
Jul 19, 2022, at 03:37 am
New Delhi: Employees Provident Fund Organisation (EPFO) may approve a proposal to increase its investments in equities to up to 20 percent from the current limit of 15 percent during the EPFO trustees’ meeting scheduled to be held on July 29 and 30, media reported.
Jul 19, 2022, at 02:06 am
Mumbai: Railway Freight Activity Optimism Index (RFAOI) for Q2 2022 stands at 63, three points higher than the previous quarter despite the uncertainty posed by the Russia Ukraine war and the eminent risks weighing upon the pace of recovery of businesses (global inflation and swift change in monetary policy), according to a survey.
YES Bank in final stages of closing $1 billion fundraiser from Carlyle, Advent post ARC deal
Jul 18, 2022, at 11:50 pm
Mumbai: YES Bank is in the final stages of closing $1 billion equity fundraiser from private equity firms Carlyle and Advent International after it said it has selected an asset reconstruction company belonging to private equity firm JC Flowers as the base bidder for the sale of bad loans worth Rs 48,000 crore ($6.01 billion), media reports said.
CBIC clarifies ambiguity on GST on prepackaged goods
Jul 18, 2022, at 10:25 pm
New Delhi: The government has issued clarifications on the imposition of 5 percent GST on pre-packaged and labelled food items such as pulses and cereals containing a quantity up to 25 kg.
IndusInd Bank moves up 4.34 pc to Rs 850.55
Jul 18, 2022, at 10:15 pm
Mumbai: IndusInd Bank on Monday surged 4.34 pc to Rs 850.55 a major gainer in 30 scrips of BSE.
Indian Market: Sensex rallied 760.37 points
Jul 18, 2022, at 10:11 pm
Mumbai: The BSE Sensex on Monday spurted 760.37 points at 54,521.15 as buying was seen across the board.
Air India Calicut to Dubai flight diverted to Muscat after burning smell detected
Jul 18, 2022, at 10:09 pm
New Delhi: An Air India Express aircraft flying from Calicut to Dubai was diverted to Muscat after a burning smell was detected from one of the vents in the forward galley during the cruise, according to the Directorate General of Civil Aviation (DGCA).
Adani Wilmar slashes edible oil prices by Rs 5-30 per litre
Jul 18, 2022, at 08:26 pm
New Delhi: Amid declining trend in global edible oil prices, Adani Wilmar on Monday announced a cut on maximum retail prices (MRPs) on its range of edible oils.