May 08, 2024, at 10:16 pm
Mumbai: Canara Bank reported a robust performance for the March quarter, with standalone net profit increasing by 18.33% year-on-year to Rs 3,757.23 crore, compared to Rs 3,174.74 crore in the same quarter last year.
Hero MotoCorp Q4FY24 profit grows 18% YoY to Rs Rs 1,016 cr
May 08, 2024, at 09:28 pm
Mumbai: Hero MotoCorp on Wednesday announced an 18 percent increase in net profit, reaching Rs 1,016 crore for the quarter ending on March 31, 2024.
CCI approves acquisition of additional shares in Sikkim Urja Ltd by Greenko Energies
May 08, 2024, at 07:04 am
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited, the anti-trust watchdog said in a press release on Tuesday.
JSW Energy Q4FY24 PAT grows 29% to Rs 351 cr
May 08, 2024, at 03:43 am
New Delhi: Private sector power producer JSW Energy recorded a 29% surge in profit after tax (PAT) on account of the company's owners for the March quarter, primarily due to reduced tax expenses.
Ghost malls witness a 59% year-on-year rise in India
May 08, 2024, at 03:22 am
New Delhi: Ghost malls, which derive their name from their high vacancy rates of over 40%, surged by 59% to reach 13.3 million square feet (msf) in 2023 compared to the previous year, according to a report released on Tuesday.
Dr Reddy’s Lab Q4FY24 net profit up 36% YoY to Rs 1,307 cr
May 07, 2024, at 11:57 pm
Mumbai: Hyderabad-based pharma major Dr Reddy’s Laboratories recorded a net profit of Rs 1,307 crore in the March quarter of FY24, up 36 percent from the same period last year when it reported a profit of Rs 960 crore.
Stock market update: Sensex drops 380 points, Nifty hovers just above 22,300 mark
May 07, 2024, at 10:52 pm
Mumbai: The Indian stock market benchmarks Nifty 50 and Sensex closed in negative territory on Tuesday despite positive global cues, experiencing a widespread selloff.
India's April oil consumption rises by 6% YoY: Oil Ministry
May 07, 2024, at 09:41 pm
New Delhi: India witnessed a 6.1 percent year-on-year increase in fuel consumption, according to data released by the Petroleum Planning and Analysis Cell of the Oil Ministry.
Paytm CBOs Bipin Kaul, Ajay Singh resign as company takes up restructuring: Report
May 07, 2024, at 09:37 pm
Noida: Ahead of Paytm’s announcement of its yearly and fourth-quarter financial results later this month, two senior officials have stepped down, adding to a growing trend of top-level departures at the Noida-based mobile payments company, media reported.
Sebi rejects NSE's market trading hour extension proposal citing lack of consensus
May 07, 2024, at 07:09 pm
Mumbai/IBNS: The Securities and Exchange Board of India (Sebi) has rejected the proposal of the National Stock Exchange (NSE) to extend the trading hours due to a lack of consensus among stockbrokers, reports said.
Indian airlines to carry 50 pct of international traffic by 2028, says Crisil Ratings
May 07, 2024, at 05:49 am
Indian airlines, carrying international passenger traffic originating from, terminating in, or transitioning through India, are expected to witness a surge of 50 percent by fiscal 2028 from the current 43 percent in 2024, according to Crisil Ratings.
May 07, 2024, at 04:54 am
Former Chief Justice of Jharkhand High Court, (Retd.) Justice Sanjay Kumar Mishra, has been appointed as the first President of the Goods and Services Tax Appellate Tribunal (GSTAT), clearing the decks for resolving GST-related disputes.
PSU Bank shares drop as new RBI norms for infra project financing spoil mood
May 07, 2024, at 02:02 am
Mumbai/IBNS: The shares of state-run lenders of India, including State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India, Bank of Baroda (BOB), and Maharashtra Bank, tumbled up to 6 percent on Monday after the Reserve Bank of India (RBI) published a draft proposing tighter rules for lending and heightened monitoring for under-construction infrastructure projects, reports said.
India's services PMI shows marginal slowdown in April
May 07, 2024, at 12:14 am
Growth in India's dominant services sector showed a marginal slowdown in April, as per data shown by the Purchasing Managers’ Index (PMI) figure, released by HSBC.
Compound interest calculators: Tools for visualizing long-term financial goals
May 06, 2024, at 09:45 pm
The power of compounding can do wonders for one’s saving goals. Several investors have benefitted from compounding over the years. A compound interest calculator can help you calculate the same benefit for free. Read on to know more about this tools and its advantages.
JP Morgan upgrades Kotak Mahindra Bank to overweight
May 06, 2024, at 07:24 pm
JP Morgan has upgraded private sector lender Kotak Mahindra Bank from neutral to overweight, media reports said.
Paytm COO Bhavesh Gupta steps down citing personal reasons
May 05, 2024, at 04:58 am
Mumbai: Digital payments and financial services company Paytm announced the exit of its Chief Operating Officer and President Bhavesh Gupta in an official filing to regulatory authorities on May 4.
India, Nigeria to finalise Local Currency Settlement System Agreement soon
May 04, 2024, at 11:13 pm
A seven-member delegation from India led by Additional Secretary, Department of Commerce, Ministry of Commerce and Industry, AmardeepSingh Bhatia, accompanied by High Commissioner of India to Federal Republic of Nigeria, G Balasubramanian and Economic Adviser, Department of Commerce, Priya P. Nair held a Joint Trade Committee (JTC) meeting with their Nigerian counterparts in Abuja late last month when both sides undertook a detailed review of recent developments in bilateral trade and investment ties.
Apple CEO Tim Cook expresses happiness over company's double-digit progress in India
May 04, 2024, at 10:03 pm
Apple CEO Tim Cook has expressed happiness over the company's performance in India during the latest earnings call.
Market Update: IPO performance, economic trends, and global Insights
May 04, 2024, at 08:11 pm
Mumbai: In this week's market update, we delve into the latest developments in the primary market, the Indian market, and the global market landscape, analysing trends in auto sales, banking, and real estate, and providing insights into various sectors.
6 Adani Group companies get show-cause notices from SEBI
May 04, 2024, at 06:26 am
Mumbai: Six Adani Group companies have informed the stock exchanges about receiving show-cause notices from the Securities and Exchange Board of India (SEBI) for alleged violations related to party transactions, listing rules non-compliance, and auditor certificate validity in previous instances, media reports said.
RBI permits SPDs to borrow in foreign currency
May 04, 2024, at 05:40 am
Mumbai: The Reserve Bank of India (RBI) on Friday granted standalone primary dealers (SPDs) permission to borrow in foreign currency from their parent companies and authorised entities.
Renewable Energy now accounts for over 70% of India's new power generation: Report
May 04, 2024, at 05:31 am
New Delhi: Renewable energy (RE) accounted for over 70 percent of the 26 gigawatts (GW) of newly generated power in India during the fiscal year 2023-2024, media reported.
Delhi High Court orders SpiceJet to pay $1.58 million to engine lessors by May 22: Report
May 04, 2024, at 04:22 am
New Delhi: The Delhi High Court directed SpiceJet on Friday to remit $1.58 million to its engine lessors Team France and Sunbird France by May 2 even as it acknowledged negotiations between the budget carrier and the lessors are ongoing, with final settlement terms yet to be established, media reports said.
Mahindra & Mahindra gets 674 patents in FY24
May 04, 2024, at 03:44 am
Kolkata: Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, said Friday it has received a record 674 patents in FY24, the most of any Indian 4-wheeler automobile/farm equipment manufacturer.
JSW Infrastructure Q4FY24 PAT grows 9% YoY to Rs 329 cr
May 04, 2024, at 03:34 am
Mumbai: JSW Infrastructure Limited reported a Profit After Tax (PAT) of Rs 329 crore for the quarter ended March 31, up 9% YoY.
Mining sector registers record production in FY 2023-24
May 04, 2024, at 02:41 am
New Delhi: India's mineral production index for FY 2023-24 has increased by 7.5% over FY 2022-23. The mineral production index for March 2024 stood at 156.1, marking a 1.2% increase compared to March 2023.
Break-even for Meesho in Q3FY24 as profit dropped sequentially: Report
May 04, 2024, at 02:35 am
Mumbai: E-commerce company Meesho reported a no-proft-no-loss performance in Q3FY24, compared to the previous quarter, media reported.
Tata Technologies consolidated PAT down 28% YoY to Rs 157 cr
May 04, 2024, at 02:25 am
Mumbai: Tata Technologies reported a 28% decrease in its consolidated net profit, amounting to Rs 157 crore for the quarter ending March 31, 2024.
UAE envoy to India praises rise in trade with India
May 04, 2024, at 12:28 am
UAE ambassador to India Abdulnasser Jamal Alshaali has praised the rise in trade with India by 16 percent.