RIL Q4FY22: net profit at Rs 16,203 cr, up 22.5 pc; FY22 revenue crosses $100 billion mark
May 07, 2022, at 07:26 am
Mumbai: Reliance Industries Limited (RIL) Friday posted a net profit of Rs 16,203 crore for the quarter ending March 30, 2022, up 22.50 percent year-on-year (YoY).
Tata Power's Q4 consolidated net profit jumps 28 pc, dividends announced
May 07, 2022, at 05:01 am
Mumbai/IBNS: India-based integrated power company Tata Power Friday reported a 76 percent year-on-year (YoY) growth of Profit after tax (PAT) before exceptional items to Rs 775 crore compared to the year-ago period.
Reliance Jio Q4 profit jumps 24 pc to Rs 4,173 cr
May 07, 2022, at 02:28 am
Mumbai: Mukesh Ambani-led Reliance Jio Infocomm on Friday reported a 24 percent increase in standalone net profit to Rs 4,173 crore in the quarter ending March 2022 as compared to Rs 3,360 crore in the same period last financial year.
May 07, 2022, at 02:25 am
Mumbai/IBNS: The initial public offering (IPO) of Life Insurance Corporation (LIC), India's largest life insurance enterprise, has been oversubscribed 1.31 times, receiving bids for 21.3 crore shares against the offer of 16.2 crore shares, Moneycontrol reported.
Bajaj Finance moves down 4.91 pc to Rs 6000.95
May 06, 2022, at 11:21 pm
Mumbai: Bajaj Finance on Friday tumbled down 4.91 per cent to Rs 6000.95 a major loser in 30 scrips of BSE.
Indian Market: Sensex drops 866.65 pts
May 06, 2022, at 11:09 pm
Mumbai: The BSE Sensex on Friday slumped 866.65 points, below 55K level to close at 54,835.58 on heavy selling in Realty, Metal, Materials, IT and Consumer Durable stocks amid weak global peers.
Blue Dart reports record 52 pc growth in standalone Q4FY22 PAT at Rs 1,354 million
May 06, 2022, at 10:36 pm
Mumbai: Logistics company Blue Dart Express Limited reported Rs 1,354 million PAT (profit after tax) for the quarter ended March 31, 2022, up 52 percent against Rs 891 million in the same quarter last financial year.
PVR collaborates with Xperia Group to introduce experimental in-cinema advertising
May 06, 2022, at 07:44 pm
Indian film exhibitor PVR Cinemas has collaborated with Out-of-home (OOH) media company Xperia Group to introduce experiential in-cinema advertising for the first time in the cinema advertising domain.
Tata Power Solar bags India’s largest solar EPC order of 1GW worth Rs 5500Cr from SJVN
May 06, 2022, at 05:47 pm
Mumbai: Tata Power Solar has bagged India’s largest single solar EPC order of 1GW for nearly Rs 5500 Crore from SJVN Ltd, the company said Thursday.
Kotak raises fixed deposit interest rates on multiple tenors
May 06, 2022, at 05:33 pm
Kolkata: Kotak Mahindra Bank Thursday announced a rate increase in fixed deposit interest rates across multiple tenor baskets for retail customers. The increase in FD rates comes after the Reserve Bank of India announced a 40 basis points increase in the repo rate.
May 06, 2022, at 05:31 pm
Kolkata: Flipkart has signed a Memorandum of Understanding (MoU) with Paschim Banga Society of Skill Development (PBSSD), Technical Education, Training & Skill Development Department, Government of West Bengal to impart relevant industry training and knowledge to help create a pool of skilled supply chain operations talent in the state.
Sudarshan Venu elevated as MD of TVS
May 06, 2022, at 05:28 pm
Chennai: TVS Motor Company announced at its board meeting Thursday the elevation of Sudarshan Venu as a Managing Director, effective May 5, 2022.
Indian Market: Sensex down by 814 points
May 06, 2022, at 03:45 pm
Mumbai: The BSE Sensex on Friday dropped 814 pts at 54,887 in opening session as selling was seen across the board amid weak global cues.
May 06, 2022, at 02:18 am
Mumbai/IBNS: Day two of Life Insurance Corporation (LIC)'s Initial Public Offering (IPO), largest IPO on Dalal Street, witnessed a strong demand with issues being subscribed 97 percent, policyholders over subscribed by 2.87 times, and staff oversubscribed by 2.08 times, according to Moneycontrol.
Delhivery Limited’s initial public offer to open on May 11, 2022
May 06, 2022, at 01:47 am
Mumbai: Logistics company Delhivery Limited plans to open its Rs 5,235-crore initial public offering (IPO) on May 11 at a price band of Rs 462-487 per equity share. The IPO will close on May 13.
Volvo Cars reports sales of 47,150 units in April, share of electrified cars increased to 38.4 pc
May 05, 2022, at 10:54 pm
Kolkata: Volvo Cars reported sales of 47,150 cars in April, down 24.8 percent compared with the same month last year, the company said Thursday.
Crypto investment startup Koinbasket raises $2 million in pre-seed round
May 05, 2022, at 09:24 pm
Bengaluru: KoinBasket, a thematic crypto investment start-up, has announced that it has raised $2 million in a pre-seed funding round.
Auto retail sale up 37 pc in April 22: FADA
May 05, 2022, at 08:59 pm
New Delhi: In spite of the semiconductor shortages along with high metal prices and container shortages, total vehicle retail for the month of April 2022 increased by 37 percent on a year-on-year (YoY) basis, data released by the Federation of Automobile Dealers Association (FADA) said on Thursday.
SBI likely to raise $2 billion via dollar bonds
May 05, 2022, at 07:34 am
Mumbai: India's largest sector lender SBI Wednesday said it is holding a meeting on May 10 to discuss raising up to $2 billion via US-dollar-denominated bonds.
India’s services exports hit record $254.4 billion in FY22
May 05, 2022, at 07:03 am
New Delhi: India’s Services exports set a new record of $254.4 billion in the financial year 2021-2022, the Ministry of Commerce & Industry said Wednesday.
Muthoot Finance plans to expand Gold Loan@Home services
May 05, 2022, at 05:03 am
Gold loan company Muthoot Finance Ltd is planning to rapidly expand its offering of Gold Loan@Home from 100+ locations to across 5400+ pan-India branches.
Dalmia Bharat, FLSmidth partner to develop more sustainability solutions
May 05, 2022, at 03:39 am
Copenhagen: Dalmia Cement (Bharat) Ltd, a subsidiary of Dalmia Bharat Limited, one of India’s leading cement manufacturers, and FLSmidth & Co. A/S, engineering, equipment, and service solutions to the global mining and cement industries, have signed an MoU to collaborate in the research and development of disruptive solutions for next-generation cement manufacturing.
May 05, 2022, at 02:34 am
Private sector lender Kotak Mahindra Bank Wednesday announced a consolidated PAT of Rs 3,892 crore for Q4FY22, up 50 percent from Rs 2,589 crore in Q4FY21.
India's GDP to hit $5 trillion in FY29
May 05, 2022, at 02:10 am
India will become a $5 trillion economy only by 2029, four years later than the target set by Prime Minister Narendra Modi.
May 05, 2022, at 01:17 am
IBNS Correspondent Nitin Waghela catches up with the Executive Director at Emcure Pharmaceuticals and business reality TV series Shark Tank India judge Namita Thapar to indulge in a candid conversation about her journey in Shark tank India, investment strategies, and the influence of her super achiever dad.
Indian Rupee recovers 10 paise against USD
May 04, 2022, at 11:03 pm
Mumbai: The Indian Rupee on Wednesday recovered ten paise to close at 76.41 against the USD on selling of fresh US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
Tata Power Renewables Commissions 120MW solar project in Mesanka
May 04, 2022, at 10:58 pm
Mesanka: Tata Power Renewable Energy Limited (TPREL) 100% subsidiary of Tata Power has commissioned 120MW solar project in Mesanka, Gujarat.
Indian Market: Sensex tanks 1306.96 pts
May 04, 2022, at 10:47 pm
Mumbai: The BSE Sensex on Wednesday plummeted 1306.96 pts, to reach 55,669.93 at close as heavy selling was seen across the board.
IndiGo launches Super 6E product on its domestic network
May 04, 2022, at 10:40 pm
Kolkata/UNI: Budget carrier IndiGo has launched 'Super 6E” a new product offering with enhanced flying experience on its domestic network.
Amazon doubles exports pledge, to now enable $20 billion in exports from India by 2025
May 04, 2022, at 10:36 pm
Kolkata/UNI: Amazon on Wednesday unveiled the Exports Digest 2022 and announced that cumulative exports by Indian exporters on the Amazon Global Selling program are on track to surpass the $5 billion milestone.