Reliance Q3FY22 Results: Net profit jumps 41 pc to Rs 18,549 cr
Jan 22, 2022, at 03:45 am
New Delhi/UNI: Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported 41 percent year-on-year jump in its consolidated net profit (attributable to owners of the company) to Rs 18,549 crore for the quarter ending December 31, 2021.
ONGC Videsh enters development stage in Brazil project
Jan 22, 2022, at 03:30 am
New Delhi/UNI: The overseas exploration and production arm of Oil and Natural Gas Corporation, ONGC Videsh (OVL) has entered the development stage in its Brazil offshore project BM-SEAL-4 with the Declaration of Commerciality (DoC), the company said on Friday. The company is a wholly owned subsidiary of ONGC, the national oil company of India.
Laurus Labs signs agreement with MPP for manufacturing Molnupiravir
Jan 22, 2022, at 03:12 am
Mumbai/UNI: Hyderabad-based Laurus Labs Limited on Friday said that it has signed an agreement with MPP (Medicine Patent Pool) for the manufacturing of the oral COVID-19 antiviral medication Molnupiravir.
Piyush Goyal sets target of 75 unicorns in run-up to 75th year of Independence
Jan 22, 2022, at 03:00 am
New Delhi/UNI: Minister of Commerce and Industry Piyush Goyal on Friday called upon the Information Technology enabled Service (ITES ) industry to aim for raising 75 unicorns in the 75 weeks to the 75th anniversary of India’s Independence next year.
JSW Steel Q3 PAT jumps 69 pc to Rs 4516 crore
Jan 22, 2022, at 02:04 am
Mumbai/UNI: Sajjan Jindal-led JSW Steel on Friday reported a 69.2 per cent increase in consolidated net profit for the quarter ended December 31, 2021 at Rs 4516 crore.
L&T Finance Holdings net up 12 pc in Q3
Jan 22, 2022, at 01:34 am
New Delhi/UNI: L&T Finance Holdings (LTFH) on Friday reported 12% year-on-year jump in its net profit to Rs 326 crore for the quarter ending December 31, 2021.
Indian Market: Sensex down 427.44 points
Jan 22, 2022, at 12:19 am
Mumbai/UNI: The BSE Sensex on Friday lost 427.44 points to settle below 60k at 59,037.18 following selling in telecom, IT and consumer durable stocks.
HDFC Life Insurance net profit grows 3.3 pc Y-o-Y in Q3FY22
Jan 21, 2022, at 10:43 pm
Mumbai/IBNS: HDFC Life Insurance on Friday reported a 3.3 percent year-on-year rise in net profit to Rs 273.7 crore for the October-December quarter.
Jan 21, 2022, at 08:30 pm
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Shoppers Stop reports Rs 77 cr net profit
Jan 21, 2022, at 08:13 pm
Mumbai/UNI: Retail chain Shoppers Stop has reported a consolidated net profit of Rs 77.32 crores for the quarter ended Dec 31, 2021 as against a net loss recorded in the corresponding period last fiscal.
Indian Market: Sensex still down over 600 pts
Jan 21, 2022, at 03:42 pm
Mumbai/UNI: The BSE Sensex continued to slid for the fourth straight session on Friday as it tanked 605.01 pts, below 59K at 58,859.61 in opening trade, as selling was seen across the board.
HUL Q3FY22 results: Net profit grows 16.76 pc to Rs 2,243 cr
Jan 21, 2022, at 07:55 am
Mumbai/IBNS: FMCG major Hindustan Unilever Ltd (HUL) thursday reported a standalone net profit of Rs 2,243 crore for the quarter ended December 2021, up 16.76 percent against Rs 1,921 crore year-ago period.
Walmart invites Indian sellers to join US marketplace
Jan 21, 2022, at 05:53 am
Bengaluru/UNI: Walmart is now inviting select Indian sellers to apply to join Walmart Marketplace, a curated sellers community that serves more than 120 million U.S. shoppers each month.
VST Industries Q3 revenue up 13.4 pc in FY22
Jan 21, 2022, at 05:48 am
Hyderabad/IBNS: VST Industries reported an improved quarterly performance in the Q3, FY22 by registering double digit growth in sales as well as profit, a statement said on Thursday.
Australia’s Blackmores announces Distribution Partnership
Jan 21, 2022, at 05:01 am
Sydney/Kolkata /IBNS: Australia based and internationally loved natural health and dietary supplements company, Blackmores, today announced a distribution partnership for its range of multivitamins products in India through udaan, India’s largest business-to-business (b2b) eCommerce platform.
Powerhouse91's wellness brand, Expertomind, grabs 80 pc market share in Amazon
Jan 21, 2022, at 04:51 am
Powerhouse91's wellness brand Exportmind, has captured an 80 percent market share on e-commerce platform Amazon.
MSME units are together capable of constituting a complete supply chain: MSME Secretary
Jan 21, 2022, at 03:46 am
New Delhi/IBNS: There is tremendous potential for Indian engineering MSMEs to be integrated into the Global Value Chain due to their manufacturing cost advantage, said B. B. Swain, Secretary, Ministry of MSME.
RIIL Q3 PAT dips marginally to Rs 2.33 crore
Jan 21, 2022, at 03:08 am
Mumbai/UNI: Reliance Industrial Infrastructure, a Reliance Group company, on Thursday reported a marginal decline in net profit for the quarter ended December 31, 2021 at Rs 2.33 crore from Rs 2.39 crore, a year-ago.
Instagram testing paid subscription for creators
Jan 21, 2022, at 02:58 am
San Francisco/UNI: Meta's photo-sharing platform Instagram has started testing its subscription feature that will help creators earn more in the US.
Auto component industry to see 15-17 pc revenue growth in FY22: Report
Jan 21, 2022, at 02:35 am
Mumbai/UNI: Owing to recovery in automobile sales, especially after a subdued performance in the last couple of years, auto component industry is expected to witness a 15-17 per cent revenue growth this fiscal year, a recent report said.
Centre to release Rs 47,541 crore as advance installment of tax devolution to states
Jan 21, 2022, at 02:24 am
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Thursday authorised the release of Rs 47,541 crore as an advance installment of tax devolution to states.
Bank of Maharashtra clocks 2-fold jump in Q3 PAT
Jan 21, 2022, at 02:19 am
Mumbai/UNI: State-run Bank of Maharashtra on Thursday posted a two-fold increase in net profit for the quarter ended December 31, 2021 at Rs 325 crore, mainly on the back of higher net interest income and improvement in asset quality.
Century Textiles reports 67.56 pc dip in Q3 FY22
Jan 21, 2022, at 02:11 am
Mumbai/UNI: Diversified firm Century Textiles and Industries on Thursday reported a 67.56 per cent decline in consolidated net profit for the quarter ended December 31, 2021 at Rs 12 crores, mainly on the back of higher expenses.
13.95 lakh new EPFO subscribers in November, signals uptick in job market
Jan 21, 2022, at 02:01 am
New Delhi/UNI: Retirement fund manager Employees' Provident Fund Organisation (EPFO) added 13.95 lakh net subscribers during the month of November 2021, showing an increase of around 2.85 lakh net additions over the previous month.
Reliance Jio prepays Rs. 30 crore clearing all deferred spectrum liabilities
Jan 20, 2022, at 06:15 pm
Mumbai/IBNS: Reliance Jio Infocomm Ltd (RJIL) has announced it has paid Rs. 30,791 crore (including accrued interest) to the Telecom Department towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auctions from 2014 to 2016 and the one acquired in 2021 through trading of right to use with Bharti Airtel Limited.
Indian Market: Sensex down 656.04 pts
Jan 19, 2022, at 10:55 pm
Mumbai/UNI: The BSE Sensex on Wednesday crashed further by 656.04 pts to settle at 60,098.82 as selling was seen in Technology, IT, Finance and FMCG stocks amid weal global cues.
Tata Motors introduces advanced CNG technology in the Tiago and Tigor
Jan 19, 2022, at 08:58 pm
New Delhi: Automobile giant Tata Motors on Wednesday launched the advanced iCNG technology in its ever popular brands – Tiago and Tigor.
UTI Mutual Fund launches ‘UTI Sensex Index Fund’
Jan 19, 2022, at 03:22 am
New Delhi: UTI Mutual Fund (UTI) launches an open-ended scheme replicating/tracking the S&P BSE Sensex Total Return Index (TRI) - ‘UTI Sensex Index Fund’. The New Fund Offer opens on Jan 19, 2022 and closes on Jan 24, 2022.
J&K: Four women bakers in Rajouri inspire entrepreneurs
Jan 19, 2022, at 01:55 am
Jammu/IBNS: Four women bakers hailing from a border village in Jammu and Kashmir's Rajouri district became role models for aspiring entrepreneurs after their bakery, set up with Indian Army's assistance, became self-reliant and bought the historically significant village popularity.
Dubai Expo 2021: Kashmir startups impress global investors
Jan 19, 2022, at 12:46 am
Dubai/IBNS: Five startups from the Kashmir province participated in the event during which the Jammu and Kashmir government sealed several investment deals with Dubai-based companies.