Indian Market: Sensex rallied over 200 pts
Aug 18, 2020, at 03:49 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) on Tuesday rallied further by 235 pts to 38,285.14 on the strength of Realty, Consumer Durable, Energy and Materials stocks.
ICICI Bank raises Rs 15,000 crore via QIP
Aug 16, 2020, at 01:37 am
Mumbai/IBNS: ICICI Bank Saturday said it completed the allotment of equity shares under QIP (Qualified Institutional Placement) and raised nearly Rs 15,000 crore through the issuance of 418,994,413 equity shares at an issue price of Rs 358 per unit.
Uganda looks online for answers to COVID economic crisis
Aug 15, 2020, at 10:44 pm
New York: From banking, to food delivery, and taxi bookings, Uganda is rapidly becoming accustomed to many of the online tools that are commonplace in developed economies, and which don’t rely on face-to-face interactions.
Aug 15, 2020, at 05:47 am
Mumbai/IBNS: The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of Rs 57,128 crore to the government for the accounting year 2019-20 (July-June).
US firms are optimistic about investing in India, says San Francisco based Indian Consul General
Aug 14, 2020, at 11:33 pm
New Delhi/IBNS: India and the United States shares many common interests and a strong bilateral relation, said Dr. T.V. Nagendra Prasad, Consul General, Consulate General of India, San Francisco, recently.
Defence PSU GRSE develops first of its kind portable assault bridge
Aug 14, 2020, at 11:26 pm
Kolkata/IBNS: Indian Defence Minister Rajnath Singh recently virtually launched a Portable Assault Bridge at the Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) Ltd.
Reserve Bank of India tightens corporate governance norms for core investment companies
Aug 14, 2020, at 11:14 pm
Mumbai/UNI: The Reserve Bank of India (RBI) has released a revised set of guidelines for core investment companies (CICs), tightening corporate governance and disclosure norms for these entities.
NIRLON Q1 net moves up by 26.64 pc
Aug 14, 2020, at 11:11 pm
Mumbai/UNI: NIRLON has reported a rise of 26.64 pc in its net profit for the quarter ended June 30, 2020 at Rs 32.47 crores as against net profit of Rs 25.64 crores for the quarter ended June 30, 2019.
M&M moves down by 3.29 pc, Sun Pharma gains by 2.15 pc
Aug 14, 2020, at 11:05 pm
Mumbai/UNI: M&M on Friday declined by 3.29 per cent to Rs 610.50 a major loser in 30 scrips of BSE while Sun Pharma gained by 2.15 per cent to Rs 532.
Indian Rupee falls 6 paise against USD
Aug 14, 2020, at 11:00 pm
Mumbai/UNI: The Rupee on Friday slipped by six paise to settle at 74.90, against the US Dollar on rising demand of the greenback by bankers and importers, dealers at the Forex Market said.
Indian Market: Sensex drops by 433.15 pts
Aug 14, 2020, at 10:57 pm
Mumbai/UNI: Extending losses for the third straight session, the BSE Sensex crashed by 433.15 pts to settle at 37,877.34 following heavy selling in Auto, Bankex, Finance and FMCG stocks on Friday.
Indian Bank Q1 net profit moves up 8 pc to Rs 1147 cr
Aug 14, 2020, at 10:53 pm
Bengaluru/UNI: The Indian Bank on Friday reported a 8 per cent rises in net profit at Rs 1147 crore in first quarter of the current fiscal year.
Uber to deliver free meals for the hungry in partnership with the Robin Hood Army
Aug 13, 2020, at 11:46 pm
New Delhi/IBNS: Uber has announced it will help deliver free meals for the hungry and those impacted by the Covid pandemic in partnership with the Robin Hood Army, a volunteer-based organization, which fights against hunger.
Honouring the honest tax payers: PM Modi unveils new tax reforms today
Aug 13, 2020, at 10:29 pm
New Delhi/IBNS: Prime Minister Narendra Modi on Thursday unveiled new tax reforms which he said will "honour the honest tax payers" who, according to him, "plays a massive role in the growth of the nation".
Kotak Bank moves down by 2.10 pc to Rs 1336
Aug 12, 2020, at 10:59 pm
Mumbai/UNI: Kotak Bank on Wednesday declined by 2.10 pc to Rs 1336 a major loser in 30 scrips of BSE.
Aug 12, 2020, at 10:33 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday fell by 37.38 pts at 38,369.69 on profit booking by local operators at higher level.
Pandemic ‘inflicting multiple shocks’ on the young, threatens entire generation
Aug 12, 2020, at 10:21 pm
New York: Since the COVID-19 pandemic began, more than 70 per cent of students have been shut out of schools, universities and training centres, according to a new report issued on Tuesday by the UN’s labour agency.
JMC secures new orders worth Rs 1,363 cr
Aug 12, 2020, at 10:18 pm
Mumbai/UNI: Infrastructure major, JMC Projects (India) Limited (JMC) said that it has secured new orders of Rs 1,363 crore.
Indian Rupee falls 6 paise against USD
Aug 12, 2020, at 10:15 pm
Mumbai/UNI: The Rupee on Wednesday declined by six paise to end at 74.83 against the US Dollar on rising demand US Dollar by bankers and importers, dealers at the Forex Market said.
Axis Bank Limited raises Rs 10,000 crore through its Qualified Institutions Placement
Aug 12, 2020, at 02:28 am
Mumbai/IBNS: Axis Bank Limited, one of India’s largest private sector banks, recently announced that it has raised Rs 10,000 crore through its Qualified Institutions Placement (QIP).
Apple CEO Tim Cook enters billionaires club as company value nears $2 trillion
Aug 11, 2020, at 07:15 pm
California: The Chief Executive Officer of Apple, Tim Cook, has joined the billionaires club after the company's market value neared the USD 2 trillion mark, according to reports.
Indian Rupee up by 7 paise against USD
Aug 11, 2020, at 05:11 pm
Mumbai/UNI: The Rupee on Tuesday advanced by seven paise to 74.82 against the US Dollar in opening trade on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian market: Sensex rallied by 325 pts
Aug 11, 2020, at 05:00 pm
Mumbai/UNI: The BSE Sensex continued to rise for the fourth consecutive session on Tuesday, as it spurted by 325 pts at 38,507.61on brisk buying in FMCG, Finance, Bankex and Metal stocks amid positive Asian Market.
Indian Defence minister Rajnath Singh inaugurates new facilities at GRSE
Aug 11, 2020, at 02:21 am
Kolkata/IBNS: A state-of-the-art indigenous underwater CNC Plasma Cutting Machine and a Modern Hull Block Fabrication Complex has been added to the Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) Limited, a premier warship builder of the nation.
Bank of Baroda registers Q1 net loss at Rs. 864 cr
Aug 11, 2020, at 12:22 am
Baroda: State-owned Bank of Baroda registered a net loss of Rs. 64.26 crore for the June quarter of 2020-21 financial year.
Force Motors Q1 consolidated net loss at Rs 65.01 cr
Aug 11, 2020, at 12:12 am
Mumbai/UNI: Auto major, Force Motors has reported net loss of Rs 65.01 crores for the quarter ended June 30, 2020 as against net profit of Rs 26.15 crores for the period ended June 30, 2019.
D-Link India Q1 consolidated net profit moves down by 76.35 pc to Rs 1.88 cr
Aug 11, 2020, at 12:09 am
Mumbai/UNI: D-Link India has reported a decline of 76.35 per cent in its consolidated net profit for the quarter ended June 30, 2020 at Rs 1.88 crores as against net profit of Rs.7.95 crores for the quarter ended June 30, 2019.
IPCA Labs consolidated Q1 net surges by 246.83 pc
Aug 11, 2020, at 12:07 am
Mumbai/UNI: Pharma Major, IPCA Labs has reported a surge of 246.83 pc in its net profit for the quarter ended June 30, 2020 at Rs.446.13 crores as against net profit of Rs.128.63 crores for the quarter ended June 30, 2019.
Union Bank slashes MCLR by upto 15 basis points across various tenors
Aug 11, 2020, at 12:03 am
Hyderabad/UNI: Union Bank of India has reduced Marginal Cost of Funds- based Lending Rate (MCLR) by upto 15 basis points across various tenors.
Indian Market: Sensex rallies by 141.51 pts
Aug 10, 2020, at 11:59 pm
Mumbai/UNI: Maintaining gaining streak for the third straight session, the BSE Sensex on Monday rallied by 141.51 points to 38,182.08 on brisk gains in Health Care, Capital Goods, Realty and Industrials stocks.