CCI approves merger of HDFC Bank with HDC Ltd
Aug 14, 2022, at 08:53 pm
The Competition Commission of India (CCI) has approved the merger of HDFC Bank with its parent HDFC Ltd.
Aug 13, 2022, at 03:24 pm
New Delhi: Telecom minister Ashwini Vaishnaw Friday told the employees of loss-making Bharat Sanchar Nigam Ltd to focus on customer issues and resolve them expeditiously to turn its fortunes in the highly competitive telecom market, media reports said.
Dabur India AGM: Mohit Burman Dabur's new Chairman says economies hit by one crisis after other
Aug 13, 2022, at 07:10 am
Packaged goods major Dabur Friday said its board has accepted the resignation of Amit Burman as chairman with effect from August 10, adding that he will continue to work as the non-executive director of the company.
LIC Q1FY23: Net profit shoots to Rs 603 cr; premium income grows to Rs 98,805
Aug 13, 2022, at 04:27 am
Government-owned Life Insurance Corporation (LIC), which recently went public, Friday said its net profit rose to a staggering Rs 603 crore in the quarter ended June 30 from Rs 24.3 crore in the same quarter last fiscal.
Momo brand Zomoz enters eastern India market with first outlet in Kolkata
Aug 13, 2022, at 02:26 am
Kolkata/IBNS: Hyderabad based quick-service restaurant chain, Zomoz, which specialises in making momos, has started operations in Kolkata.
India's factory output in June surges to 12.3 pc on low base
Aug 13, 2022, at 12:33 am
New Delhi: On the back of a favourable base, India's factory output measured by Index of Industrial Production (IIP) grew by 12.3 percent in June this year reflecting ongoing economic recovery post-pandemic.
Aug 12, 2022, at 11:50 pm
Mumbai: In a bid to make this festive season special, Tata Motors, India’s leading automotive manufacturer has joined hands with State Bank of India, India’s largest bank, to offer Electronic Dealer Finance solution (e-DFS) to its authorized passenger EV dealers.
Aug 12, 2022, at 11:47 pm
New Delhi: There has been an uptick in the performance of the motor vehicles sector across segments with the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in the month of July 2022 at 2,197,954 units, and domestic sales at 1,706,545 units, according to Society of Indian Automobile Manufacturers (SIAM) report.
Lava announces customisation feature in Agni 5G Smartphones
Aug 12, 2022, at 11:36 pm
Mumbai: Lava International Limited an Indian phone manufacturer has been continuously advancing its pursuit of product innovation and design.
Axis Bank signs MOU with Food Corporation of India
Aug 12, 2022, at 11:30 pm
Kolkata: Axis Bank, India’s third largest private sector bank, has signed an MOU with Food Corporation of India (FCI) to provide “Ultima Salary package”, a best in class salary account with exclusive benefits & features to all its employees.
Mahindra launches Scorpio Classic
Aug 12, 2022, at 11:25 pm
Mumbai: Mahindra & Mahindra Ltd., pioneers of the SUV segment in India, on Friday announced the launch of the Scorpio Classic, a new avatar of its iconic brand Scorpio. Over 20 years, the Scorpio has attained legendary status and represented the tough and authentic DNA of Mahindra SUVs.
India's retail inflation eases to 6.71 pct in July
Aug 12, 2022, at 11:25 pm
New Delhi: India's retail inflation further eased to 6.71 pc in July, as per data released by the Government of India on Friday.
GRSE's Q1FY23 YoY net profit up 138 pc to Rs 50 cr
Aug 12, 2022, at 09:31 pm
Kolkata: State-owned warship builder Garden Reach Shipbuilders & Engineers Limited (GRSE) Thursday announced a Profit After Tax (PAT) of Rs 50 crore in the quarter ended June 30th, 2022 as against Rs 21 Crore in the same quarter last fiscal, registering a growth of 138 percent.
Apollo Hospitals Q1FY23 consolidated profit down 35 pc YoY to Rs 323.78 cr
Aug 12, 2022, at 08:56 pm
Chennai-based Apollo Hospitals Enterprises Ltd Friday announced a consolidated net profit of Rs 323.78 crore in the quarter ended June 30, down 35.3 percent year-on-year, owing to a slight improvement in marginal growth and shooting expenses, according to a regulatory filing with the stock exchanges.
India and UK conclude fifth round of talks for FTA
Aug 12, 2022, at 05:50 am
India and the United Kingdom (UK) concluded the fifth round of talks for an India-UK Free Trade Agreement (FTA) on July 29, the Ministry of Commerce & Industry said.
Total Coal Production Goes up by 11.37 pc to 60.42 MT in July
Aug 12, 2022, at 05:05 am
New Delhi: The overall coal production has increased by 11.37 percent to 60.42 million ton (MT) from 54.25 MT during July 2022 as compared to July 2021.
Not dollar dependent, Indian importers buy discounted Russian coal with Asian currencies
Aug 11, 2022, at 08:44 pm
New Delhi: Amid skyrocketting fuel prices and turbulent global economy triggered by US sanctions on Russia, India is leaning towards discounted Russian coal, which also allows the liberty to pay in currencies other than the US dollars.
ASEL reports of PBT of Rs 30 cr in Q1FY23
Aug 11, 2022, at 02:20 am
Kolkata: Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) reported a profit before tax (PBT) of Rs 30 crores in the quarter ended June 30, 2022 as against Rs 29 crores in Q1FY22.
YES Bank and IBSFINtech tie up to provide enhanced digital services for corporate clients
Aug 11, 2022, at 01:25 am
YES Bank and TreasuryTech Solution provider IBSFINtech have partnered up to explore untapped opportunities emerging out of the digitization of corporate finance.
MG Motor offers a glimpse of Hector; showcases argyle-inspired diamond mesh grille
Aug 11, 2022, at 01:13 am
Gurugram: MG Motor India today moved a step closer to the launch of the much anticipated Next-Gen Hector as it released a teaser highlighting the SUV's powerful presence.
Jupiter introduces No-Penalty SIP for Mutual Fund Investments
Aug 11, 2022, at 12:49 am
Mumbai: Jupiter, a neo banking and financial services platform, has announced its much-anticipated entry into the world of investments.
TATA AIA Life announces record annual bonus of Rs 861 cr for its policyholders
Aug 11, 2022, at 12:45 am
Mumbai: Tata AIA Life Insurance Co. Ltd. (Tata AIA) Wednesday declared a bonus of Rs 861 crores for FY2022 to all eligible participating policyholders.
Meesho app now available in 8 vernacular languages
Aug 10, 2022, at 09:58 pm
Bengaluru: Internet commerce company Meesho Wednesday announced the addition of eight new vernacular languages to its platform--Bengali, Telugu, Marathi, Tamil, Gujarati, Kannada, Malayalam, and Odia.
Airtel to roll out 5G services by Aug end
Aug 10, 2022, at 08:56 pm
Bharati Airtel is fully prepared to go ahead with the launch of 5G services in August as the telecom giant plans to reach target customers in towns and key rural areas of the country by March 2024.
Sensex down by over 200 points
Aug 10, 2022, at 04:38 pm
Mumbai/UNI: The BSE Sensex Wednesday tumbled 243 points to 58,610.04 in the opening session as selling was seen across the board.
Siemens energy plans Russia exit by 3rd qtr of 2022
Aug 10, 2022, at 07:16 am
Moscow: Siemens Energy AG said Monday it began winding down its business in Russia in the third quarter of 2022 and expected to leave the local market in this fiscal year.
2022 PV sales likely to exceed estimates
Aug 10, 2022, at 05:10 am
Passenger Vehicle (PV) sales will rise compared to CY20 and CY21 as the manufacturers are ready to cater to the healthy demand in the category as supplies from Original Equipment Manufacturers (OEM) improves.
Centre may raise outlay in rural employment scheme
Aug 10, 2022, at 01:43 am
New Delhi: The Centre may enhance the allocation to its flagship Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) by Rs 15,000 crore, ET reported.
Hit by MTM losses banks may approach RBI for relief
Aug 10, 2022, at 01:29 am
Mumbai: The banks have again approached the RBI, seeking to be allowed to spread the provisions covering the marked-to-market losses citing the losses incurred in June, media reports said.
OYO contributes to ‘Invest in Denmark’ with acquisition of Nordic based Bornholmske Feriehuse
Aug 10, 2022, at 12:04 am
New Delhi/Copenhagen/Bornholm: Travel and hospitality technology platform OYO said it has concluded the acquisition of Europe -based holiday homes operator Bornholmske Feriehuse through its subsidiary DanCenter, as a part of its endeavor to expand as a preferred full-stack vacation homes provider.