Indian Market: Sensex down 129.18 pts
Jul 31, 2020, at 10:06 pm
Mumbai/UNI: The Benchmark Index of Bombay Stock Exchange on Friday fell by 129.18 points to settle at 37,606.89 as heavy selling was seen in Energy, Finance,Oil and Gas and Auto stocks.
UCO Bank Q1 net profit at Rs 21.46 cr
Jul 31, 2020, at 10:02 pm
Mumbai/UNI: UCO Bank has reported net profit of Rs 21.46 crore for quarter ended June 30, 2020 as against net loss of Rs 601.45 crores for the quarter ended June 30, 2019.
Sun Pharma Q1 consolidated loss at Rs 1655.60 cr
Jul 31, 2020, at 10:00 pm
Mumbai, Jul 31 (UNI) Pharma major, Sun Pharma reported a net loss of Rs 1655.60 crores for the quarter ended June 30, 2020 as against net profit of Rs.1387.48 crores for the quarter ended June 30.
Apple CFO says New iPhone release date to be pushed back from September
Jul 31, 2020, at 09:58 pm
Moscow/Sputnik: US tech giant Apple will push back the planned September release date of the company’s new line of iPhone cellphones, Chief Financial Officer Luca Maestri said during a conference call with investors.
Honda announces 2020 CBR1000RR-R Fireblade & Fireblade SP India bookings open
Jul 31, 2020, at 09:53 pm
Kolkata/UNI: Honda Motorcycle & Scooter India Pvt. Ltd. today announced bookings open for its two brand-new variants CBR1000RR-R Fireblade and Fireblade SP in the super sports category.
Reliance Power & JERA sign loan agreement for gas-fired power generation project in Bangladesh
Jul 31, 2020, at 09:51 pm
Mumbai/UNI: ADAG group company Reliance Power Limited and JERA Co., Inc. (JERA), through their project company, are developing a new gas-fired power generation project in Bangladesh.
SBI Standalone Q1 net rises by 81 pc
Jul 31, 2020, at 09:49 pm
Mumbai/UNI/IBNS: Public Sector lender State Bank of India (SBI) on Friday reported an 81 per cent rise in standalone net profit at Rs 4,189.3 for the quarter ended June 30, 20202 as against Rs 2,312.20 crore in the corresponding period last year.
Indian Oil Corporation Q1 consolidated net moves down by 40.42 pc to Rs 2226.80 cr
Jul 31, 2020, at 09:46 pm
Mumbai/UNI: Indian Oil Corporation( IOC) has reported a decline of 40.42 per cent in its net profit for the quarter ended June 30, 2020 at Rs 2226.80 crores as against net profit of Rs 3737.50 crore for the quarter ended June 30, 2019.
Tata Capital growth fund to invest Rs 225 cr in Biocon Biologics
Jul 31, 2020, at 09:44 pm
Mumbai/UNI: Pharma Major, Biocon said that the Board of its subsidiary Biocon Biologics has approved a primary equity investment by Tata Capital Growth Fund.
Indian Rupee improves by 3 paise against USD
Jul 31, 2020, at 09:28 pm
Mumbai/UNI: The Rupee on Friday rose marginally by three paise to 74.81against the US Dollar on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
SBI reports 81 pc increase in net profit in Q1FY21
Jul 31, 2020, at 09:17 pm
Mumbai/IBNS: India's largest public sector lender State Bank of India on Friday reported a net profit of Rs 4,189.4 crore in June quarter of FY21, up by 81 per cent year-on-year (y-oy), owing to the increase in net interest income.
Nitin Gadkari unveils Amazon’s Exports Digest 2020
Jul 31, 2020, at 02:46 pm
Kolkata: Nitin Gadkari, Union Minister of Road Transport and Highways; Micro, Small and Medium Enterprises, Government of India unveiled the Amazon India ‘Exports Digest 2020’, strongly reinforcing that boosting exports is the key to the quick revival of the MSME sector.
Bank of Baroda’s credit card arm implements Fiserv technology for digital transformation
Jul 31, 2020, at 02:55 am
Kolkata/IBNS: BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda, has chosen Fiserv.Inc, a global provider of payments and financial services technology solutions, to enable the digitization of their end-to-end card issuance.
Axis Bank unveils AXAA an AI powered conversational banking IVR
Jul 31, 2020, at 02:50 am
Kolkata/IBNS: Axis Bank has announced the launch of Automated Voice Assistant (AXAA), an artificial-intelligence powered conversational voice BOT.
Tata Steel owned Nest-In's smart storage solution for onions aims to reduce spoilage by half
Jul 30, 2020, at 09:07 pm
Mumbai/IBNS: Nest-In, Tata Steel’s modular construction solutions brand, has launched a revolutionary onion storage solution ‘Agronest’ that is aimed at reducing spoilage of the onions to half of its current level.
Bharti Airtel records consolidated loss of Rs 15,933 crore after provisioning for AGR in Q1FY21
Jul 30, 2020, at 07:54 am
Mumbai/IBNS: Bharti Airtel on Wednesday posted a net consolidated loss of Rs Rs 15,933 crore in the April-June quarter, taking into account Rs 11,746 crore in accordance with Supreme Court’s order on adjusted gross revenue (AGR) definition last year.
Tata Steel celebrates 116th Birth Anniversary of Bharat Ratna JRD Tata
Jul 30, 2020, at 04:10 am
Mumbai/IBNS: Tata Steel on Wednesday celebrated the 116th birth anniversary of Jehangir Ratanji Dadabhoy (JRD) Tata with great fervour and enthusaism. The celebration was marked with multiple initiatives and virtual events across Tata Steel plant locations and offices.
Uber, Bajaj partner to install safety partitions in 1 Lakh auto-rickshaws
Jul 30, 2020, at 03:40 am
Kolkata/IBNS: Uber and Bajaj on Wednesday announced their partnership with auto drivers to install safety partitions in 1 lakh autos across the country.
Mahindra introduces a new set of finance schemes for its vehicle owners
Jul 30, 2020, at 01:09 am
Mumbai/IBNS: Mahindra & Mahindra Ltd, part of the USD 19.4 billion Mahindra Group has introduced a new set of innovative & exciting finance schemes for its customers by expanding the bouquet of affordable finance offerings on all its vehicles.
Coronavirus Pandemic: Indigo records loss of Rs 2,849 crore in Q1FY21
Jul 30, 2020, at 12:54 am
Mumbai/IBNS: Hit by nationwide lockdown and continuous flight restrictions, India's largest airline Indigo reported a net loss of Rs 2,849 crore for the quarter ended June 30, compared with a profit of Rs 1,200 crore a year earlier.
Serving emerging India : Bandhan Bank unveils Vision 2025
Jul 30, 2020, at 12:51 am
Kolkata: As it nears the completion of five years as a universal bank, Bandhan Bank has now set its sights on the future and unveiled a roadmap for future growth through Vision 2025.
Maruti Suzuki records loss of Rs 249.4 crore in Q1FY21
Jul 29, 2020, at 11:33 pm
Mumbai/IBNS: Automobile manufacturer Maruti Suzuki on Wednesday declared a net loss of Rs 249.4 crore for the quarter ended June 2020.
Indian Market: Sensex down 421.82 pts
Jul 29, 2020, at 10:32 pm
Mumbai/UNI: The benchmark index of the Bombay Stock Exchange(BSE) on Wednesday nosedived by 421.82 points to settle at 38,071.13 following selling pressure in Energy, Auto, IT, Oil and Gas and Technology stocks.
Indian Rupee rises by 4 paise against USD
Jul 29, 2020, at 10:31 pm
Mumbai/UNI: The Indian rupee on Wednesday rose by four paise to reach 74.79 against the US Dollar on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Colgate-Palmolive India Q1 net moves up by 17.19 pc to Rs 198.18 cr
Jul 29, 2020, at 10:27 pm
Mumbai/UNI: FMCG major, Colgate-Palmolive has reported a rise of 17.19 pc in its net profit of Rs 198.18 crore for the quarter ended June 30, 2020 as against net profit of Rs 169.11 crore for the quarter ended June 30, 2019.
Reliance Industries move down by 3.75 pc to Rs 2095.85
Jul 29, 2020, at 10:25 pm
Mumbai/UNI: Reliance Industries on Wednesday tumbled down by 3.75 per cent to close at Rs 2085.85 a major loser in 30 scrips of BSE.
Power generation company NTPC achieves highest daily gross generation of 977.07 MU
Jul 29, 2020, at 10:16 pm
Kolkata/UNI: Country’s largest power generation company, NTPC Ltd. has achieved highest daily gross generation of 977.07 Million Unit (MU) on 28th July, 2020.
COVID-19: SpiceJet posts a loss in Q4 on weak demand & suspension of flight operations
Jul 29, 2020, at 10:14 pm
Kolkata/UNI: SpiceJet, India’s favourite airline and the biggest air cargo operator, reported a net loss of INR 807.1 crore in the fourth quarter of FY20 (that includes a non-cash loss of INR 473.4 crore due to forex loss on restatement of lease liability due to Ind-AS 116) against a profit of INR 56.3 crore in the same quarter of the previous year as business was adversely impacted due to the COVID-19 pandemic and the nation-wide lockdown that resulted in suspension of flight operations.
Dr Reddy's Labs net profit declines 12.6 pc to Rs 579.3 cr in June qtr
Jul 29, 2020, at 08:47 pm
Hyderabad/IBNS: Drug manufacturer Dr Reddy's Labs has said its net profit in the June quarter declined 12.60 per cent to Rs 579.3 crore compared with Rs 662.8 crore during the same quarter last month.
Indian Market: Sensex falls over 100 pts
Jul 29, 2020, at 05:22 pm
Mumbai/UNI: The BSE Sensex on Wednesday fell by 146 points at 38,336.03 as selling witnessed in Energy, Auto,Oil and Gas and Technology stocks.