Bharti Airtel records consolidated loss of Rs 15,933 crore after provisioning for AGR in Q1FY21
Jul 30, 2020, at 07:54 am
Mumbai/IBNS: Bharti Airtel on Wednesday posted a net consolidated loss of Rs Rs 15,933 crore in the April-June quarter, taking into account Rs 11,746 crore in accordance with Supreme Court’s order on adjusted gross revenue (AGR) definition last year.
Tata Steel celebrates 116th Birth Anniversary of Bharat Ratna JRD Tata
Jul 30, 2020, at 04:10 am
Mumbai/IBNS: Tata Steel on Wednesday celebrated the 116th birth anniversary of Jehangir Ratanji Dadabhoy (JRD) Tata with great fervour and enthusaism. The celebration was marked with multiple initiatives and virtual events across Tata Steel plant locations and offices.
Uber, Bajaj partner to install safety partitions in 1 Lakh auto-rickshaws
Jul 30, 2020, at 03:40 am
Kolkata/IBNS: Uber and Bajaj on Wednesday announced their partnership with auto drivers to install safety partitions in 1 lakh autos across the country.
Mahindra introduces a new set of finance schemes for its vehicle owners
Jul 30, 2020, at 01:09 am
Mumbai/IBNS: Mahindra & Mahindra Ltd, part of the USD 19.4 billion Mahindra Group has introduced a new set of innovative & exciting finance schemes for its customers by expanding the bouquet of affordable finance offerings on all its vehicles.
Coronavirus Pandemic: Indigo records loss of Rs 2,849 crore in Q1FY21
Jul 30, 2020, at 12:54 am
Mumbai/IBNS: Hit by nationwide lockdown and continuous flight restrictions, India's largest airline Indigo reported a net loss of Rs 2,849 crore for the quarter ended June 30, compared with a profit of Rs 1,200 crore a year earlier.
Serving emerging India : Bandhan Bank unveils Vision 2025
Jul 30, 2020, at 12:51 am
Kolkata: As it nears the completion of five years as a universal bank, Bandhan Bank has now set its sights on the future and unveiled a roadmap for future growth through Vision 2025.
Maruti Suzuki records loss of Rs 249.4 crore in Q1FY21
Jul 29, 2020, at 11:33 pm
Mumbai/IBNS: Automobile manufacturer Maruti Suzuki on Wednesday declared a net loss of Rs 249.4 crore for the quarter ended June 2020.
Indian Market: Sensex down 421.82 pts
Jul 29, 2020, at 10:32 pm
Mumbai/UNI: The benchmark index of the Bombay Stock Exchange(BSE) on Wednesday nosedived by 421.82 points to settle at 38,071.13 following selling pressure in Energy, Auto, IT, Oil and Gas and Technology stocks.
Indian Rupee rises by 4 paise against USD
Jul 29, 2020, at 10:31 pm
Mumbai/UNI: The Indian rupee on Wednesday rose by four paise to reach 74.79 against the US Dollar on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Colgate-Palmolive India Q1 net moves up by 17.19 pc to Rs 198.18 cr
Jul 29, 2020, at 10:27 pm
Mumbai/UNI: FMCG major, Colgate-Palmolive has reported a rise of 17.19 pc in its net profit of Rs 198.18 crore for the quarter ended June 30, 2020 as against net profit of Rs 169.11 crore for the quarter ended June 30, 2019.
Reliance Industries move down by 3.75 pc to Rs 2095.85
Jul 29, 2020, at 10:25 pm
Mumbai/UNI: Reliance Industries on Wednesday tumbled down by 3.75 per cent to close at Rs 2085.85 a major loser in 30 scrips of BSE.
Power generation company NTPC achieves highest daily gross generation of 977.07 MU
Jul 29, 2020, at 10:16 pm
Kolkata/UNI: Country’s largest power generation company, NTPC Ltd. has achieved highest daily gross generation of 977.07 Million Unit (MU) on 28th July, 2020.
COVID-19: SpiceJet posts a loss in Q4 on weak demand & suspension of flight operations
Jul 29, 2020, at 10:14 pm
Kolkata/UNI: SpiceJet, India’s favourite airline and the biggest air cargo operator, reported a net loss of INR 807.1 crore in the fourth quarter of FY20 (that includes a non-cash loss of INR 473.4 crore due to forex loss on restatement of lease liability due to Ind-AS 116) against a profit of INR 56.3 crore in the same quarter of the previous year as business was adversely impacted due to the COVID-19 pandemic and the nation-wide lockdown that resulted in suspension of flight operations.
Dr Reddy's Labs net profit declines 12.6 pc to Rs 579.3 cr in June qtr
Jul 29, 2020, at 08:47 pm
Hyderabad/IBNS: Drug manufacturer Dr Reddy's Labs has said its net profit in the June quarter declined 12.60 per cent to Rs 579.3 crore compared with Rs 662.8 crore during the same quarter last month.
Indian Market: Sensex falls over 100 pts
Jul 29, 2020, at 05:22 pm
Mumbai/UNI: The BSE Sensex on Wednesday fell by 146 points at 38,336.03 as selling witnessed in Energy, Auto,Oil and Gas and Technology stocks.
Indian Rupee opens higher by 3 paise against USD
Jul 29, 2020, at 05:20 pm
Mumbai/UNI: The Rupee on Wednesday rose marginally by three paise to 74.80
Srei reports consolidated PAT of Rs 88.75 crore in FY20
Jul 29, 2020, at 04:33 am
Kolkata/IBNS: Srei Infrastructure Finance Limited has reported a consolidated profit after tax (PAT) of Rs 88.75 crore during the financial year ended March 31, 2020 as compared to Rs 486.78 crore in the previous year.
Senco Gold and Diamonds Chairman Shaankar Sen dies at 63
Jul 29, 2020, at 03:10 am
Kolkata/IBNS: Senco Gold and Diamonds Chairman and Managing Director Shaankar Sen died in Kolkata on Tuesday. He was 63.
Bharti AXA extends crop insurance to farmers, launches new campaign
Jul 29, 2020, at 12:55 am
Kolkata/IBNS: Private non-life insurer Bharti AXA General Insurance has launched its crop insurance campaign ‘Fasal Ka Bima Bohot Zaroori Hai’ (‘it is important to have crop insurance’) for farmers in Maharashtra and Karnataka.
Ultracemco moves up by 7.15 pc to Rs 4135
Jul 28, 2020, at 10:36 pm
Mumbai/UNI: Ultracemco on Tuesday surged by 7.15 pc to Rs 4135 a major gainer in 30 scrips of BSE.
Indian Market: Sensex jumps 558.22 pts
Jul 28, 2020, at 10:24 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Tuesday gained by 558.22 points at 38,492.95 on fresh buying in Materials, Auto, IT, Metal and Technology stocks amid positive Asian cues.
Kamdhenu Group donates Rs 71 lakh to PM-CARES Fund
Jul 28, 2020, at 01:59 am
Kolkata/IBNS: Kamdhenu Group, a diversified player in the steel and paints industry, said that it has donated Rs 71 lakh to the Prime Minister-CARES Fund as part of COVID-19 pandemic related relief measures.
Indian Rupee ends flat at 74.83 against USD
Jul 28, 2020, at 12:05 am
Mumbai/UNI: The Rupee ended on a flat note at 74.83 against the greenback on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian Market: Sensex down by 194.17 pts
Jul 28, 2020, at 12:04 am
Mumbai/UNI: The BSE Sensex on Monday slipped by 194.17 points to settle at 37,934.73 in high volatile trade on brisk selling in Bankex, Finance, Health Care, Realty and Utilities stock.
ICICI Bank moves down by 6.05 pc to Rs 358.75
Jul 27, 2020, at 11:54 pm
Mumbai/UNI: The ICICI Bank on Monday slipped by 6.05 per cent to Rs 358.75, a major loser in 30 scrips of BSE.
Samsung makes smartphone accessible for Bharat, launches Galaxy M01 Core
Jul 27, 2020, at 11:52 pm
Gurugram/UNI: Popular smartphone brand Samsung on Monday announced the launch of Galaxy M01 Core, adding to its popular Galaxy M series line of smartphones in the country.
Indian government's PMDP scheme is helping progressive apple growers in J-K’s Anantnag
Jul 27, 2020, at 06:06 pm
Srinagar: The Prime Minister’s Development Package (PMDP), announced by PM Narendra Modi in 2015 for Jammu and Kashmir, is emerging as a positive step for the farmers of the Union territory as the horticulture department has set up apple orchards in Anantnag district to increase the production of apple in the region.
Online portals Amazon, Google, Wish remove neo-Nazi products
Jul 25, 2020, at 10:41 pm
Washington/UNI: Amazon, Google and Wish announced on Saturday that they have removed all neo-Nazi and white-supremacist products being sold on their platforms, following an investigation by BBC Click.
ITC Q1 net profit tanks 26% to Rs 2,342.76 crore from previous year's 3173.94 crore
Jul 25, 2020, at 04:58 am
Kolkata/IBNS: Tobacco and hotel to FMCG major ITC on Friday said unprecedented disruptions in economic activity caused by nationwide lockdowns in the wake of COVID-19 pandemic weighed on the company’s performance during the quarter as the Gross Revenue stood at Rs.9435.61 crores representing a decline of 17%.
RBI predicts increase in gross NPAs of banks to 12.5 pc by March 2021
Jul 25, 2020, at 03:32 am
Mumbai/IBNS: The Reserve Bank of India released the Financial Stability Report (FSR) on Friday.