Strides Pharma Q4FY23 sales at Rs 9,904 million cr, up 14%Y-o-Y; loss narrows 133% YoY to Rs 9.54 cr
May 31, 2023, at 06:23 pm
Mumbai: Strides Pharma’s quarterly sales stood at Rs 9,904 million, growing 14% increase both sequentially and year-on-year.
May 31, 2023, at 06:20 pm
Mumbai: Around 80% of the total Rs 2000 notes received are deposited and the rest 20% are exchanged for smaller denominations as per market trends. Even if a fraction of these trends is extrapolated at the banking level, the liquidity in the banking system will shoot much higher compared to previous estimates of around Rs 1 trillion bulge in deposits even if a fraction, said SBI Ecowrap report on Tuesday.
S Chand Publishing reports Rs 576 million net profit in FY23
May 31, 2023, at 05:50 am
New Delhi: S Chand Publishing reported a net profit of Rs 576 million in FY23 while the company achieved a significant milestone by becoming net debt-free in April 2023, with a net debt of Rs 60 million and a gross debt of Rs1,268 million.
Adani Ports and Special Economic Zone Q4FY23 net profit grows 5.1% to Rs 1,158.88 cr
May 31, 2023, at 05:04 am
Mumbai: Adani Ports and Special Economic Zone (ASPEZ) reported a consolidated net profit of Rs 1,158.88 crore in the fourth quarter of FY23, marking a growth of 5.1% compared to Rs 1,102.61 crore in the same quarter of the previous year.
132.19 crore pieces of soiled Rs 2,000 banknotes disposed in last 3 FYs
May 31, 2023, at 04:50 am
Mumbai: A total of 132.19 crore pieces of soiled Rs 2,000 banknotes were disposed of in the last three financial years, according to the annual report of the Reserve Bank of India (RBI).
Coal India raises prices of non-coking coal by 8%
May 31, 2023, at 03:43 am
Kolkata: Coal India Ltd (CIL) has raised the prices of non-coking coal by 8 percent, the state-run miner said in a regulatory filing.
May 31, 2023, at 03:36 am
New Delhi: The Production-Linked Incentive (PLI) Scheme 2.0 for IT Hardware has been approved by the Union Cabinet with a budgetary outlay of Rs 17,000 crore.
Sikh Entrepreneurs: Navigating the world of business with Faith and Culture as Their Guiding Light
May 30, 2023, at 10:57 pm
As the world continues to evolve, so do the factors that drive entrepreneurship and business success. For many Sikh entrepreneurs, faith and culture have become essential guiding lights on their journey through the business world.
5 Factors Affecting Your CIBIL Score for a Gold Loan and Other Credit
May 30, 2023, at 07:24 pm
Loans are a popular way of getting through a financial crunch or meeting emergency requirements. Among the numerous options available in the secured and unsecured categories, gold loans are a popular form of availing secured credit.
Nepal: Investment Board approves Project Development Agreement that will be signed with India’s SVJN
May 29, 2023, at 11:37 pm
A meeting of the Investment Board Nepal (IBN) has approved the final Project Development Agreement (PDA) draft which will be signed with India’s state-owned SJVN to develop 669 MW Lower Arun Hydropower project, media reports said.
ONGC turnover touches Rs 6,84,829 cr
May 29, 2023, at 09:49 pm
Mumbai: ONGC's consolidated turnover stood at Rs 6,84,829 crore in FY23, compared to Rs 5,31,793 crore in FY22.
May 29, 2023, at 09:40 pm
Kolkata: Reliance Jio has consolidated its leadership in Kolkata with strong customer additions in March 2023.
Vinsys completes the pre-IPO round at Rs. 200 crore valuation
May 29, 2023, at 08:56 pm
Kolkata: Vinsys, a IT and software services and software company headquartered in Pune, successfully closed its pre-IPO round.
US reaches debt ceiling deal amid a looming financial crisis
May 29, 2023, at 03:34 am
Washington: As the US faces a potential debt default, President Joe Biden and his Republican opponents have reached an in-principle agreement to raise the US debt ceiling to avert a default, media reports said.
May 28, 2023, at 04:26 am
Maritime services company Lloyd's Register has informed Gatik Ship Management, a major carrier of Russian oil following the Ukraine war, that it will revoke certification for 21 of its vessels by June 3, according to a statement by the company to Reuters.
India's FY23 GDP growth likely to surpass 7%, manufacturing sector to rebound: SBI report
May 27, 2023, at 07:00 am
Despite the global economic slowdown, India is expected to continue its showdown in pursuing a different pathway of zeroing in on drivers of growth, looking for a renewed surge in resilient manufacturing while supporting the services sector to embrace enhanced efficiency, an SBI report said on Friday.
National Highways & Infrastructure Development Corporation signs MoU with IIT Guwahati for R&D
May 27, 2023, at 06:20 am
New Delhi/ Guwahati: The National Highways & Infrastructure Development Corporation Ltd (NHIDCL) signed a Memorandum of Understanding (MoU) with IIT Guwahati via a video conferencing session on Thursday.
Centre to organise first ever Mining Start-up Summit on May 29 in collaboration with IIT, Bombay
May 27, 2023, at 06:03 am
New Delhi: The Union mine ministry will organise the first Mining Start-up Summit in collaboration with the Indian Institute of Technology, Bombay.
DGCA allows Go First 30 days to submit revival plan
May 27, 2023, at 05:00 am
New Delhi: Aviation regulator Directorate General of Civil Aviation (DGCA) has allowed cash-strapped airline Go First a 30-day period to present a detailed plan for reviving its operations, media reports said.
Reliance partners with General Mills to bring Alan's Bugles to India
May 27, 2023, at 03:46 am
Mumbai: Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods (FMCG) division of Reliance Retail Ventures Limited (RRVL), on Friday introduced Alan's Bugles in India.
UTI Mutual Fund launches ‘UTI Nifty50 Equal Weight Index Fund’
May 26, 2023, at 11:04 pm
New Delhi: UTI Mutual Fund (UTI) launches an open-ended scheme replicating / tracking Nifty50 Equal Weight Total Return Index (TRI) – ‘UTI Nifty50 Equal Weight Index Fund’.
Nissan introduces the Magnite GEZA Special Edition at INR 7.39 Lakhs
May 26, 2023, at 10:06 pm
New Delhi: Nissan Motor India on Friday introduced its Big, Bold, Beautiful SUV, the Nissan Magnite GEZA Special Edition at a starting price of INR 7,39,000 (ex-showroom, Delhi).
Govt increases the limit for tax exemption on leave encashment for non-government salaried employees
May 26, 2023, at 03:43 am
New Delhi/IBNS: The government has increased the tax exemption limit on leave encashment of non-government salaried employees from Rs 3 lakh to Rs 25 lakh.
World's 4th largest economy Germany slips into recession: Report
May 26, 2023, at 03:36 am
The euro experienced a decline on Thursday as Germany, the largest economy in Europe, slipped into recession, Reuters reported.
Indian Govt, ADB sign $141.12 million loan for industrial corridor development in Andhra Pradesh
May 26, 2023, at 01:54 am
New Delhi: The Asian Development Bank (ADB) and the Centre have signed a $141.12 million loan to support the development of high-quality internal infrastructure such as roads, water supply systems, and electricity distribution networks in three industrial clusters in Andhra Pradesh.
Wipro's Executive Chairman Rishad Premji takes voluntary cut in his FY23 salary
May 26, 2023, at 01:27 am
Mumbai: Wipro’s Executive Chairman Rishad Premji has taken a voluntary reduction in his salary for the fiscal year 2023, according to a recent filing made to the Securities and Exchange Commission in the US.
Hindalco Q4FY23 net profit falls by 48% to Rs 832 cr
May 25, 2023, at 06:04 am
Mumbai: Hindalco Industries, on Wednesday, announced a decline of 48% in its standalone net profit for the quarter ended in March.
Nykaa's Q4FY23 net profit drops 72% YoY to Rs 2.3 crore
May 25, 2023, at 05:18 am
Mumbai: FSN E-Commerce Ventures, the company that operates beauty and personal care startup Nykaa, reported a decline in profits of more than 70 percent year-on-year in the fourth quarter of the financial year 2022-23, according to regulatory filings on Wednesday.
LIC Q4FY23 profit leaps 466% to Rs 13,427.8 cr
May 25, 2023, at 04:54 am
Mumbai: Life Insurance Corporation of India (LIC) Wednesday reported a Q4FY23 standalone net profit of Rs 13,427.8 crore, marking a growth of 466 percent compared to the same period in the previous fiscal year.
Coal Ministry extends bids submission date for ongoing commercial coal mine auction
May 25, 2023, at 04:10 am
New Delhi: The Ministry of Coal has extended the last date for submission of bids till June 27 for the ongoing 7th round of Commercial Coal Mine auctions.