Bank of India Standalone Q1 net moves up by 3.5 times to Rs 843.60 cr
Aug 03, 2020, at 10:35 pm
Mumbai/UNI: Public Sector Lender Bank of India has reported a jump of 3.5 times in its standalone net profit for the quarter ended June 30, 2020 at Rs 843.60 crore for the period ended June 30, 2020 as against net profit of Rs 242.62 crore for the quarter ended June 30, 2019,due to lower loan provisions and rise in other income.
Indian Market: Sensex falls by 667.29 pts
Aug 03, 2020, at 09:58 pm
Mumbai/UNI: The benchmark index of the Bombay Stock Exchange(BSE) on Monday dropped by 667.29 points to close at 36,939.60, as heavy selling was seen in Energy, Finance, Bankex, Realty and Technology stocks.
Indian Rupee down 20 paise against USD
Aug 03, 2020, at 09:52 pm
Mumbai/UNI: The Rupee on Monday dropped by twenty paise to 75.01 against the US Dollar on rising demand for US Dollar by bankers and importers, dealers at the Forex Market said.
Microsoft to Wrap Up Talks on Purchase of TikTok in September - Company Statement
Aug 03, 2020, at 02:42 pm
Washignton/Sputnik: Microsoft plans to finish negotiations with ByteDance, the parent company of TikTok, on the purchase of the Chinese-based video-sharing app no later than September 15, Microsoft said in a statement.
Bitcoin price reaches $12,000 for first time since August 2019 – Trading Data
Aug 03, 2020, at 01:38 am
Moscow/Sputnik: The price of the Bitcoin cryptocurrency went up to $12,000 for the first time since August of last year, Sunday trading data showed.
MG Motor India records 40% increase in retail sales as compared to July 2019
Aug 01, 2020, at 11:25 pm
Gurugram/IBNS: MG Motor India on Saturday announced that it has recorded 40% increase in retail sales for the month of July 2020 at 2,105units, as compared to July 2019.
Suzuki Motorcycle India sells 34,412 units in July
Aug 01, 2020, at 10:49 pm
New Delhi/UNI: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan witnessed a warm revival of demand in the second full month since resuming its manufacturing on May 18.
Tata Motors' Q1 FY21 business adversely impacted by COVID 19
Aug 01, 2020, at 10:36 pm
Kolkata/UNI: The Covid-19 pandemic continued to significantly impact the business in Q1FY21 with retail unit sales down 42.4% year-on-year.
Canara Bank launches 'Corona Kavach' Insurance Policy
Aug 01, 2020, at 10:34 pm
Thiruvananthapuram/UNI: Canara Bank has launched a short-term COVID specific health insurance plan 'Corona Kavach', that will cover hospitalisation expenses related to the treatment of COVID-19.
Tata Chemicals reports Q1 FY21 consolidated revenue of Rs 2,348 Cr, down 9 pc
Aug 01, 2020, at 10:32 pm
Kolkata/UNI: Tata Chemicals today declared its financial results for the quarter ended 30 June, 2020 with PAT on consolidated basis at Rs 74 Cr, down by 68 per cent as compared to Rs 231 Cr of the corresponding quarter of last year.
Indian Market: Sensex nosedives 522.01 pts during week
Aug 01, 2020, at 10:28 pm
Mumbai/UNI: Snapping six week's gaining streak, the BSE Sensex dropped 522.01 points or 1.37 per cent to settle at 37,606.89 in volatile week under review on profit booking even negative cues from Global peers spoiled investors sentiment.
Toyota Kirloskar Motor sells 5386 units in July
Aug 01, 2020, at 10:26 pm
Bengaluru/UNI: Toyota Kirloskar Motor (TKM) has sold 5386 units in the month of July 2020 and thus registered a 40 per cent growth in wholesales as compared to June 2020.
Hyundai motors July sales down by 28 pc
Aug 01, 2020, at 10:24 pm
Mumbai/UNI: Auto major Hyundai Motor India (HMIL) reported a 28 per cent decline in total sales to 41,300 units in July. The company had sold 57,310 units in the same month last year,
Eight core industries grow up to reach -15.0 pc in June vs -22 pc in May
Jul 31, 2020, at 11:32 pm
New Delhi/UNI: The growth rate of Index of Eight Core Industries for June 2020 declined by 15.0 per cent compared to decline of 22.0 per cent in previous month, according to data released by government on Friday.
Jul 31, 2020, at 10:41 pm
New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact.
Indian Market: Sensex down 129.18 pts
Jul 31, 2020, at 10:06 pm
Mumbai/UNI: The Benchmark Index of Bombay Stock Exchange on Friday fell by 129.18 points to settle at 37,606.89 as heavy selling was seen in Energy, Finance,Oil and Gas and Auto stocks.
UCO Bank Q1 net profit at Rs 21.46 cr
Jul 31, 2020, at 10:02 pm
Mumbai/UNI: UCO Bank has reported net profit of Rs 21.46 crore for quarter ended June 30, 2020 as against net loss of Rs 601.45 crores for the quarter ended June 30, 2019.
Sun Pharma Q1 consolidated loss at Rs 1655.60 cr
Jul 31, 2020, at 10:00 pm
Mumbai, Jul 31 (UNI) Pharma major, Sun Pharma reported a net loss of Rs 1655.60 crores for the quarter ended June 30, 2020 as against net profit of Rs.1387.48 crores for the quarter ended June 30.
Apple CFO says New iPhone release date to be pushed back from September
Jul 31, 2020, at 09:58 pm
Moscow/Sputnik: US tech giant Apple will push back the planned September release date of the company’s new line of iPhone cellphones, Chief Financial Officer Luca Maestri said during a conference call with investors.
Honda announces 2020 CBR1000RR-R Fireblade & Fireblade SP India bookings open
Jul 31, 2020, at 09:53 pm
Kolkata/UNI: Honda Motorcycle & Scooter India Pvt. Ltd. today announced bookings open for its two brand-new variants CBR1000RR-R Fireblade and Fireblade SP in the super sports category.
Reliance Power & JERA sign loan agreement for gas-fired power generation project in Bangladesh
Jul 31, 2020, at 09:51 pm
Mumbai/UNI: ADAG group company Reliance Power Limited and JERA Co., Inc. (JERA), through their project company, are developing a new gas-fired power generation project in Bangladesh.
SBI Standalone Q1 net rises by 81 pc
Jul 31, 2020, at 09:49 pm
Mumbai/UNI/IBNS: Public Sector lender State Bank of India (SBI) on Friday reported an 81 per cent rise in standalone net profit at Rs 4,189.3 for the quarter ended June 30, 20202 as against Rs 2,312.20 crore in the corresponding period last year.
Indian Oil Corporation Q1 consolidated net moves down by 40.42 pc to Rs 2226.80 cr
Jul 31, 2020, at 09:46 pm
Mumbai/UNI: Indian Oil Corporation( IOC) has reported a decline of 40.42 per cent in its net profit for the quarter ended June 30, 2020 at Rs 2226.80 crores as against net profit of Rs 3737.50 crore for the quarter ended June 30, 2019.
Tata Capital growth fund to invest Rs 225 cr in Biocon Biologics
Jul 31, 2020, at 09:44 pm
Mumbai/UNI: Pharma Major, Biocon said that the Board of its subsidiary Biocon Biologics has approved a primary equity investment by Tata Capital Growth Fund.
Indian Rupee improves by 3 paise against USD
Jul 31, 2020, at 09:28 pm
Mumbai/UNI: The Rupee on Friday rose marginally by three paise to 74.81against the US Dollar on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
SBI reports 81 pc increase in net profit in Q1FY21
Jul 31, 2020, at 09:17 pm
Mumbai/IBNS: India's largest public sector lender State Bank of India on Friday reported a net profit of Rs 4,189.4 crore in June quarter of FY21, up by 81 per cent year-on-year (y-oy), owing to the increase in net interest income.
Nitin Gadkari unveils Amazon’s Exports Digest 2020
Jul 31, 2020, at 02:46 pm
Kolkata: Nitin Gadkari, Union Minister of Road Transport and Highways; Micro, Small and Medium Enterprises, Government of India unveiled the Amazon India ‘Exports Digest 2020’, strongly reinforcing that boosting exports is the key to the quick revival of the MSME sector.
Bank of Baroda’s credit card arm implements Fiserv technology for digital transformation
Jul 31, 2020, at 02:55 am
Kolkata/IBNS: BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda, has chosen Fiserv.Inc, a global provider of payments and financial services technology solutions, to enable the digitization of their end-to-end card issuance.
Axis Bank unveils AXAA an AI powered conversational banking IVR
Jul 31, 2020, at 02:50 am
Kolkata/IBNS: Axis Bank has announced the launch of Automated Voice Assistant (AXAA), an artificial-intelligence powered conversational voice BOT.
Tata Steel owned Nest-In's smart storage solution for onions aims to reduce spoilage by half
Jul 30, 2020, at 09:07 pm
Mumbai/IBNS: Nest-In, Tata Steel’s modular construction solutions brand, has launched a revolutionary onion storage solution ‘Agronest’ that is aimed at reducing spoilage of the onions to half of its current level.