PNB Q3FY22 net profit jumps 123 pc, NII down by 6.1 pc YoY
Jan 28, 2022, at 07:45 am
Kolkata/IBNS: Public sector lender Punjab National Bank (PNB) Thursday reported a net profit of to Rs 1127 crore for the quarter ended December 2021, up 122.7 percent year-on-year.
Earphones and wearables brand BOAT files DRHP for Rs 2,000 cr IPO
Jan 28, 2022, at 05:45 am
Mumbai/IBNS: Imagine Marketing, the makers of Boat brand of headphones and smartwatches, Thursday filed Draft Red Herring Prospectus (DRHP) with stock market regulator SEBI for an IPO of up to Rs 2,000 crore.
Paytm Money launches messenger ‘Pops’ invest and track markets
Jan 28, 2022, at 02:19 am
Kolkata/IBNS: One97 Communications Limited that owns digital payments and financial services platform Paytm, Thursday, announced that its wholly-owned subsidiary Paytm Money has introduced India’s first intelligent messenger, revolutionizing the way users invest and track markets.
Jan 28, 2022, at 01:22 am
New Delhi/IBNS: Tata Sons Chairman N Chandrasekharan on Thursday said he is "convinced that the golden age of Air India lies ahead" as he welcomed the employees of the airline addressing them as "members of the Air India family".
Mahindra Insurance Brokers and Tata 1mg ink strategic deal for wellness solutions
Jan 27, 2022, at 11:22 pm
Mumbai/IBNS: Mahindra Insurance Brokers (MIBL), a subsidiary of Mahindra & Mahindra Financial Services (Mahindra Finance), Thursday said it has entered into a strategic partnership with online pharmacy Tata 1mg.
Budget 2022-23: Stainless steel MSMEs want reimposition of CVD on China, Indonesia
Jan 27, 2022, at 10:39 pm
New Delhi/IBNS: The workers in the stainless steel industry's medium, small, and micro enterprises (MSME) await the imposition of countervailing tax (CVD) on China and Indonesia, as it would fuel the Indian businessmen to proliferate manufacturing.
Yes Bank appoints Lavesh Sardana to head retail assets & debt Management biz
Jan 27, 2022, at 08:52 pm
Mumbai/UNI: Private sector lender Yes Bank announced on Thursday the appointment of Lavesh Sardana as Country Head for its Retail Assets and Debt Management operations.
Mahindra forays into e-cart segment
Jan 27, 2022, at 08:40 pm
Mumbai/UNI: Mahindra Electric Mobility, a part of the Mahindra Group, on Thursday launched its new electric 3-wheeler 'e Alfa Cargo' priced at Rs 1.44 lakh, ex-showroom Delhi.
Jan 27, 2022, at 07:54 pm
Sony Pictures Networks India, (SPN), has acquired the exclusive media rights for 2022 Asian Games from Nov 2021 to Sept 2023.
Sensex crashes by over 900 points
Jan 27, 2022, at 04:43 pm
Mumbai/UNI: The BSE Sensex on Thursday tanked 934.97 points, below 57K to reach 56,923.18 in the opening session, as selling was seen across the board amid weak global cues.
Johnson & Johnson net earnings up 41.9 pc in 2021 to $20.9 bln
Jan 27, 2022, at 04:38 am
Washington/UNI/Sputnik: The net earnings of Johnson & Johnson, the world's largest manufacturer of pharmaceutical products, increased by 41.9 percent year-on-year in 2021 to $20.878 billion, the American company said on Tuesday.
Tatas to take over Air India on Thursday, new board to pilot the airline
Jan 27, 2022, at 04:14 am
New Delhi/UNI: Tata group is all set to take control of Air India on Thursday marking the end of long-running disinvestment process for the loss-making carrier.
Adani Wilmar raises Rs 940 cr from anchor investors
Jan 27, 2022, at 03:25 am
Mumbai/UNI: Ahead of the launch of its IPO, FMCG company Adani Wilmar has raised Rs 940 crore from anchor investors, it was reported here on Wednesday.
Anushka Sharma's production house signs Rs 400 cr deal with Amazon, Netflix: Report
Jan 26, 2022, at 02:41 pm
OTT platforms Netflix and Amazon Prime have entered into deals with Bollywood actor Anushka Sharma's production house Clean Slate Filmz Pvt to stream web series and movies worth about Rs 400 crore ($54 million), media reports said.
RIL's omnichannel beauty platform soon to challenge Nykaa, Myntra: Report
Jan 26, 2022, at 02:32 pm
Mumbai: Reliance Industries (RIL) is all set to challenge top fashion, cosmetic and personal care etailers like Nykaa, Purplle and others like Walmart-owned Myntra with its omnichannel beauty platform, according to media reports.
Centre shortlists 4 names, including two women economists, for Chief Economic Advisor
Jan 26, 2022, at 08:26 am
New Delhi/IBNS: The Centre has shortlisted four candidates for the post of Chief Economic Advisor (CEA) to succeed K V Subramanian, media reports said.
IMF lowers India's GDP forecast to 9 pc from 9.5 pc
Jan 26, 2022, at 07:38 am
Washington: The International Monetary Fund (IMF) has lowered India's economic growth forecast to 9 percent for the financial year ending March 31.
PMC Bank to be merged with Unity Small Finance Bank
Jan 26, 2022, at 03:35 am
Mumbai/IBNS: The Centre has approved the merger of cash-strapped Punjab and Maharashtra Co-operative bank with Unity Small Finance Bank (UNSFB), the Reserve Bank of India (RBI) said Tuesday.
Jan 26, 2022, at 02:04 am
New Delhi/IBNS: Union Budget 2022-23 is expected to come with measures to boost consumption, changes in tax concessions and higher allocation to PLI schemes amid twin challenges of fiscal consolidation and boosting growth, according to FY23 Budget Preview by BOB Economic Research. Further, it pegged the fiscal deficit at 6-6.25 percent in view of these factors along with upcoming state elections and gross borrowing expected to be maintained at Rs 12-13tn, despite higher repayments.
Indian Rupee slips 21 paise against USD
Jan 25, 2022, at 11:45 pm
Mumbai/UNI: The Rupee continued to slip on Tuesday as it dropped 21 paise at 74.77 against the USD on brisk demand for US Dollars by bankers and importers, dealers at the Foreign Exchange said.
Indian Market: Sensex recovers 366.74 points
Jan 25, 2022, at 11:43 pm
Mumbai/UNI: The BSE Sensex on Tuesday recovered 366.74 points at 57,858.15 on the strength of Telecom, Utilities, Power and Auto stocks.
Maruti Suzuki Q3 PAT moves down by 40.35 pc
Jan 25, 2022, at 09:13 pm
Mumbai/UNI: India's largest carmaker Maruti Suzuki India on Tuesday reported a 40.35 per cent decline in consolidated net profit for the quarter ended December 31, 2021 at Rs 1313.6 crore mainly on the back of lower sales volume and higher commodity prices.
Picsart looks to customize Indian Republic Day ads for small businesses
Jan 25, 2022, at 07:18 pm
Gurugram/IBNS: Coinciding with this year's Republic Day celebrations, Picsart, a photo and video editing app, launched a series of special features to allow users to create Republic Day wishing posts/videos.
Fullerton India partners with Paytm to expand digital lending to MSMEs
Jan 25, 2022, at 07:14 pm
Kolkata/IBNS: Fullerton India and One97 Communications Limited, Paytm's parent company, have announced a partnership to provide lending products to merchant partners and consumers.
Indian Market: Sensex dips by 1545.67 points
Jan 24, 2022, at 10:18 pm
Mumbai/UNI: The BSE Sensex on Monday dropped 1545.67 points to settle at 57,491.51 as selling was seen across the board amid weak global cues.
Food order delivery platform Swiggy raises USD 700 mn funding
Jan 24, 2022, at 09:29 pm
Mumbai/UNI: Food ordering and delivery platform Swiggy on Monday said it has raised USD 700 million in new funding led by Invesco.
Indian Market: Sensex down over 600 points
Jan 24, 2022, at 04:36 pm
Mumbai/UNI: The BSE Sensex crashed 627 points, below 59K at 58,409.67, on Monday in opening session as selling was seen across the board.
Govt launches 'Koyla Darpan' to share key performance indicators of coal sector
Jan 24, 2022, at 02:12 am
New Delhi/IBNS: The government has launched a portal "Koyla Darpan"in order to share Key Performance Indicators (KPIs) related to the Coal Sector.
Food processing & agricultural sector: Budget 2022 expectations
Jan 24, 2022, at 12:31 am
New Delhi/IBNS: Agriculture sector which is expected to contribute one trillion in India's vision of becoming a five trillion economy by 2024-25 has been again put under the spotlight by experts ahead of the Budget 2022.
India emerges as largest exporter of cucumber and gherkins: Govt
Jan 23, 2022, at 10:17 pm
New Delhi/UNI: India has emerged as the largest exporter of cucumber and gherkins in the world, Commerce Ministry said on Sunday.