India's retail inflation eases to 6.71 pct in July
Aug 12, 2022, at 11:25 pm
New Delhi: India's retail inflation further eased to 6.71 pc in July, as per data released by the Government of India on Friday.
GRSE's Q1FY23 YoY net profit up 138 pc to Rs 50 cr
Aug 12, 2022, at 09:31 pm
Kolkata: State-owned warship builder Garden Reach Shipbuilders & Engineers Limited (GRSE) Thursday announced a Profit After Tax (PAT) of Rs 50 crore in the quarter ended June 30th, 2022 as against Rs 21 Crore in the same quarter last fiscal, registering a growth of 138 percent.
Apollo Hospitals Q1FY23 consolidated profit down 35 pc YoY to Rs 323.78 cr
Aug 12, 2022, at 08:56 pm
Chennai-based Apollo Hospitals Enterprises Ltd Friday announced a consolidated net profit of Rs 323.78 crore in the quarter ended June 30, down 35.3 percent year-on-year, owing to a slight improvement in marginal growth and shooting expenses, according to a regulatory filing with the stock exchanges.
India and UK conclude fifth round of talks for FTA
Aug 12, 2022, at 05:50 am
India and the United Kingdom (UK) concluded the fifth round of talks for an India-UK Free Trade Agreement (FTA) on July 29, the Ministry of Commerce & Industry said.
Total Coal Production Goes up by 11.37 pc to 60.42 MT in July
Aug 12, 2022, at 05:05 am
New Delhi: The overall coal production has increased by 11.37 percent to 60.42 million ton (MT) from 54.25 MT during July 2022 as compared to July 2021.
Not dollar dependent, Indian importers buy discounted Russian coal with Asian currencies
Aug 11, 2022, at 08:44 pm
New Delhi: Amid skyrocketting fuel prices and turbulent global economy triggered by US sanctions on Russia, India is leaning towards discounted Russian coal, which also allows the liberty to pay in currencies other than the US dollars.
ASEL reports of PBT of Rs 30 cr in Q1FY23
Aug 11, 2022, at 02:20 am
Kolkata: Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) reported a profit before tax (PBT) of Rs 30 crores in the quarter ended June 30, 2022 as against Rs 29 crores in Q1FY22.
YES Bank and IBSFINtech tie up to provide enhanced digital services for corporate clients
Aug 11, 2022, at 01:25 am
YES Bank and TreasuryTech Solution provider IBSFINtech have partnered up to explore untapped opportunities emerging out of the digitization of corporate finance.
MG Motor offers a glimpse of Hector; showcases argyle-inspired diamond mesh grille
Aug 11, 2022, at 01:13 am
Gurugram: MG Motor India today moved a step closer to the launch of the much anticipated Next-Gen Hector as it released a teaser highlighting the SUV's powerful presence.
Jupiter introduces No-Penalty SIP for Mutual Fund Investments
Aug 11, 2022, at 12:49 am
Mumbai: Jupiter, a neo banking and financial services platform, has announced its much-anticipated entry into the world of investments.
TATA AIA Life announces record annual bonus of Rs 861 cr for its policyholders
Aug 11, 2022, at 12:45 am
Mumbai: Tata AIA Life Insurance Co. Ltd. (Tata AIA) Wednesday declared a bonus of Rs 861 crores for FY2022 to all eligible participating policyholders.
Meesho app now available in 8 vernacular languages
Aug 10, 2022, at 09:58 pm
Bengaluru: Internet commerce company Meesho Wednesday announced the addition of eight new vernacular languages to its platform--Bengali, Telugu, Marathi, Tamil, Gujarati, Kannada, Malayalam, and Odia.
Airtel to roll out 5G services by Aug end
Aug 10, 2022, at 08:56 pm
Bharati Airtel is fully prepared to go ahead with the launch of 5G services in August as the telecom giant plans to reach target customers in towns and key rural areas of the country by March 2024.
Sensex down by over 200 points
Aug 10, 2022, at 04:38 pm
Mumbai/UNI: The BSE Sensex Wednesday tumbled 243 points to 58,610.04 in the opening session as selling was seen across the board.
Siemens energy plans Russia exit by 3rd qtr of 2022
Aug 10, 2022, at 07:16 am
Moscow: Siemens Energy AG said Monday it began winding down its business in Russia in the third quarter of 2022 and expected to leave the local market in this fiscal year.
2022 PV sales likely to exceed estimates
Aug 10, 2022, at 05:10 am
Passenger Vehicle (PV) sales will rise compared to CY20 and CY21 as the manufacturers are ready to cater to the healthy demand in the category as supplies from Original Equipment Manufacturers (OEM) improves.
Centre may raise outlay in rural employment scheme
Aug 10, 2022, at 01:43 am
New Delhi: The Centre may enhance the allocation to its flagship Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) by Rs 15,000 crore, ET reported.
Hit by MTM losses banks may approach RBI for relief
Aug 10, 2022, at 01:29 am
Mumbai: The banks have again approached the RBI, seeking to be allowed to spread the provisions covering the marked-to-market losses citing the losses incurred in June, media reports said.
OYO contributes to ‘Invest in Denmark’ with acquisition of Nordic based Bornholmske Feriehuse
Aug 10, 2022, at 12:04 am
New Delhi/Copenhagen/Bornholm: Travel and hospitality technology platform OYO said it has concluded the acquisition of Europe -based holiday homes operator Bornholmske Feriehuse through its subsidiary DanCenter, as a part of its endeavor to expand as a preferred full-stack vacation homes provider.
Axis Bank launches one-stop cash management proposition to automate receivables
Aug 09, 2022, at 11:51 pm
Kolkata: Axis Bank said it has become the first Indian bank to launch Axis Receivables Suite (ARS) - an innovative Cash Management proposition that simplifies receivables reconciliation, accelerates cash flow, enhances client experience and reduces cost of doing business.
Tata Motors launches Tigor XM variant powered with its iCNG technology at INR. 7,39,900
Aug 09, 2022, at 11:46 pm
Mumbai: Building on the success of its iCNG technology and widening its range, auto major Tata Motors on Tuesday launched the Tigor XM iCNG variant at an attractive price point of INR. 7,39,900 (ex-showroom price, Delhi).
HEID, HPCL announce to start operation of battery swap service at HPCL Petrol Stations
Aug 09, 2022, at 11:42 pm
Bengaluru: Honda Power Pack Energy India Private Limited (HEID), Honda Motor Co., Ltd.’s subsidiary for battery swap service, and Hindustan Petroleum Corporation Limited (HPCL), a Maharatna oil company of India, have announced to start the operation of Honda e:swap services on Aug 6, which is operated by HEID at the HPCL petrol stations.
Adani Properties raised Rs 800 cr from Credit Suisse to finance expansion plans: Report
Aug 09, 2022, at 10:50 pm
Adani Properties Pvt Ltd (APPL) has raised Rs 800 crore from Credit Suisse to finance its expansion plans, media reports said.
US-based ‘ElectronEV’ forays into India to roll out Light/ Medium and Heavy Commercial Vehicles
Aug 08, 2022, at 11:54 pm
Hyderabad: Committed to sustainable mobility solutions revolutionizing the trucking industry, US-based ElectronEV has announced its foray into India to roll out Light/ Medium and Heavy commercial vehicles.
Aug 08, 2022, at 10:17 pm
Chennai/Kolkata: Public sector lender Indian Overseas Bank (IOB) is looking to raise up to Rs 1,000 crore under Common Equity Tier (CET) through qualified institutional placements (QIP) to boost profitability, bank's MD and CEO Partha Pratim Sengupta said.
Believe Pte Ltd invests USD eight mln in Bangladesh's D2C brand OHSOGO
Aug 08, 2022, at 09:59 pm
Dhaka/IBNS: Singapore's FMCG conglomerate Believe Pte Ltd has invested USD 8 mln in the beauty and skincare e-commerce startup OHSOGO.
Kotak Mutual Fund launches Smart Facility for SIP, STP and SWP
Aug 08, 2022, at 09:18 pm
Kolkata: Kotak Mutual Fund announced the launch of its Smart Facility for SIP, STP and SWP for all investors.
Indian Market: Sensex up 460.36 points
Aug 08, 2022, at 08:28 pm
Mumbai: The BSE Sensex on Monday rose 460.36 points at 58,835.51 following gains in banking, automobile and technology stocks.
India: Next-gen cellular network 5G to be rolled out soon
Aug 08, 2022, at 07:51 pm
New Delhi/IBNS: India has completed its 5G spectrum auction on Aug. 1 and will soon roll out 5G services in the South Asian nation, as per media reports.
Govt to amend competition laws to give more teeth to CCI
Aug 08, 2022, at 06:33 pm
New Delhi: The government plans to bring some sweeping changes in India's anti-trust law through the Competition (Amendment) Bill, 2022.