Bank of India's Q3FY25 profit jumps 35% to Rs 2,517 crore on reduced bad loans
Jan 24, 2025, at 10:57 pm
New Delhi: State-owned Bank of India (BoI) on Friday posted a 35 percent jump in net profit to Rs 2,517 crore for the December quarter on account of a decline in bad loans, The Economic Times reported.
Amul cuts prices of 1-litre milk packs by Re 1; relief for consumers
Jan 24, 2025, at 10:40 pm
New Delhi: Amul has reduced the price of its 1-litre milk packs for Gold, Taaza, and Tea Special variants by Re1, media reports said.
JSW Steel Q3FY25 net profit plunges 70.3% YoY to Rs 717 cr; revenue down 1.3%
Jan 24, 2025, at 07:17 pm
Mumbai: JSW Steel reported a 70.3% year-on-year (YoY) drop in consolidated net profit for Q3FY25, with earnings falling to Rs 717 crore due to declining steel prices, media reports said.
IndiGo Q3 profit drops 18.6% to Rs 2,448.8 crore; revenue grows 13.7%
Jan 24, 2025, at 07:09 pm
Mumbai: InterGlobe Aviation, the operator of IndiGo Airlines, reported an 18.6% decline in its consolidated net profit for the third quarter (Q3) of FY25, with earnings dropping to Rs 2,448.8 crore from Rs 2,998.1 crore in the same period last year, Business Standard reported, citing exchange filing.
Tata Electronics acquires 60% stake in Pegatron India to boost iPhone manufacturing
Jan 24, 2025, at 06:15 pm
Bengaluru: Tata Group's electronics manufacturing arm, Tata Electronics, has announced its acquisition of a 60% controlling stake in Pegatron Technology India Private Limited (PTI), reported Business Standard.
Sri Lanka annuls Adani power purchase deal over corruption allegations: Report
Jan 24, 2025, at 05:02 pm
Columbo: Sri Lanka has annulled a power purchase agreement with India's Adani Group amid corruption allegations, according to sources in the country’s energy ministry, reported Agence France-Presse (AFP) on Friday.
Adani Infra seeks CCI nod for majority stake in PSP Projects
Jan 23, 2025, at 10:06 pm
New Delhi: Adani Infra, led by billionaire Gautam Adani, has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in PSP Projects Ltd, PTI reported.
Govt probes Ola and Uber over alleged fare discrimination based on mobile devices
Jan 23, 2025, at 05:39 pm
New Delhi: The Ministry of Consumer Affairs on Thursday issued notices to Ola and Uber, seeking explanations regarding allegations of differential pricing based on the type of mobile device used to book rides, media reports said.
How to Log In to Your IndusInd Bank Credit Card Account: A Step-by-step Guide
Jan 23, 2025, at 11:58 am
Managing your credit card effectively requires easy access to your account. Whether it’s tracking transactions, checking your outstanding balance, or setting up alerts, accessing your IndusInd Bank Credit Card account online offers convenience. This guide will help you navigate the IndusInd Bank Credit Card login process with ease, ensuring you can manage your finances effectively.
Hindustan Unilever acquires 90.5% stake in beauty brand Minimalist for Rs 2,955 cr
Jan 22, 2025, at 10:50 pm
Mumbai: Hindustan Unilever (HUL), India’s largest FMCG company, has announced the acquisition of a 90.5% stake in the Jaipur-based direct-to-consumer (D2C) beauty brand Minimalist, media reports said.
Reliance Consumer Products acquires SIL brand to revitalise India’s heritage food legacy
Jan 22, 2025, at 10:00 pm
Bengaluru: Reliance Consumer Products Limited (RCPL) has acquired the SIL brand, a trusted food label known for its legacy of delivering quality products, the company announced on Tuesday.
NSE’s registered investors cross 11 cr, with 1 cr added in 5 months
Jan 22, 2025, at 09:29 pm
Mumbai: The National Stock Exchange (NSE) announced on Wednesday that the number of unique registered investors on its platform has surpassed 11 crore, with the most recent 1 crore registrations being achieved in just five months, media reports said.
HUL Q3FY25 net profit rises 19% to Rs 3,001 crore, driven by Pureit divestment
Jan 22, 2025, at 07:20 pm
Mumbai: Hindustan Unilever Limited (HUL) reported a 19% year-on-year rise in net profit for the December 2024 quarter (Q3 FY25), driven by an exceptional gain from the divestment of its Pureit water purification business, Moneycontrol reported.
Essar Renewables to invest Rs 8,000 cr in Maharashtra’s green energy projects
Jan 22, 2025, at 07:13 pm
Davos (Switzerland): Essar Renewables Ltd (ERL) has entered into an agreement with the Maharashtra government to invest Rs 8,000 crore in renewable energy projects across the state.
BPCL’s Q3 net profit rises 20% to Rs 3,806 cr
Jan 22, 2025, at 05:44 pm
Mumbai: Bharat Petroleum Corporation Ltd (BPCL) reported a 20% year-on-year rise in net profit for the December 2024 quarter, reaching Rs 3,806 crore, up from Rs 3,181 crore in the same period the previous year, according to a Moneycontrol report.
HDFC Bank’s Q3FY24 profit rises 2.2% to Rs 16,735 crore; gross NPAs increase
Jan 22, 2025, at 05:39 pm
Mumbai: HDFC Bank, India’s largest private-sector lender, posted a 2.2% rise in net profit for the December 2024 quarter at Rs 16,735.50 crore.
Centre raises jute MSP to Rs 5,650 for 2025-26; extends National Health Mission by 5 yrs
Jan 22, 2025, at 05:15 pm
New Delhi: The Union Cabinet has raised the minimum support price (MSP) for raw jute by Rs 315, bringing it to Rs 5,650 per quintal for the 2025-26 marketing season.
Jan 22, 2025, at 11:28 am
Laxman Jaiswal on Government Fiscal Policies: Addressing Rupee Depreciation and Shrinking Market Investments
JSW Group inks Rs 3 lakh cr MoU with Maharashtra to drive industrial growth and sustainability
Jan 21, 2025, at 11:48 pm
Davos (Switzerland): JSW Group signed a Memorandum of Understanding (MoU) with the Maharashtra government on Tuesday to boost industrial growth and sustainable development.
India welcomes Trump's energy push, sees potential for increased oil imports from US
Jan 21, 2025, at 11:36 pm
New Delhi: India has welcomed US President Donald Trump’s commitment to boosting domestic oil and gas production and exporting energy globally, as outlined during his inaugural address after assuming office, media reports said.
RBI cancels NBFC X10 Financial Services’ registration over digital lending violations
Jan 21, 2025, at 09:30 pm
Mumbai: The Reserve Bank of India (RBI) announced on Tuesday the cancellation of the registration of X10 Financial Services Ltd, a Mumbai-based non-banking financial company (NBFC), due to irregularities in its digital lending practices.
Adani Energy secures Rs 25,000 cr HVDC project, its largest contract yet
Jan 21, 2025, at 08:51 pm
New Delhi: Adani Energy Solutions Ltd (AESL), India’s leading private transmission and distribution company, has clinched its largest-ever contract worth Rs 25,000 crore for the Bhadla (Rajasthan) to Fatehpur (Uttar Pradesh) High Voltage Direct Current (HVDC) transmission project.
Flipkart co-founder Sachin Bansal’s firm loses Rs 14.26 cr due to financial fraud
Jan 21, 2025, at 08:34 pm
Bengaluru: Flipkart co-founder Sachin Bansal's financial products and services startup reported a cyber fraud that caused losses amounting to Rs 14.26 crore in just 14 days during December 2024, reported The Hindu.
Gita Gopinath urges India to cut tariffs, focus on reforms for economic growth
Jan 21, 2025, at 08:06 pm
Davos: International Monetary Fund (IMF) Deputy Managing Director Gita Gopinath has urged India to consider lowering its tariffs, not only in response to the tariff threats posed by US President Donald Trump but also to reap long-term economic benefits.
Narayana Murthy clarifies 70-hour workweek remark: ‘No one can impose it on others’
Jan 21, 2025, at 06:28 pm
New Delhi: Infosys co-founder Narayana Murthy clarified his earlier remarks on a 70-hour workweek during the IMC Kilachand Memorial Lecture on Monday, stating that such a practice cannot be imposed on anyone, media reports said.
India is now seventh largest coffee producer in world, export touches $1.29 billion in FY 2023-24
Jan 21, 2025, at 05:55 pm
India is now the seventh-largest coffee producer globally with exports reaching $1.29 billion in FY 2023-24, almost double the $719.42 million in 2020-21, said the Ministry of Commerce and Industry on Monday.
Jan 21, 2025, at 05:31 pm
New Delhi: Hyundai Motor India on Tuesday announced that it has achieved up to 92% localisation in manufacturing, engaging over 194 vendors to source more than 1,200 parts, according to media reports.
TCS becomes second global IT service brand to cross USD 20 Bn in brand value
Jan 21, 2025, at 03:25 pm
Global IT major Tata Consultancy Services has become the second global IT services brand with a brand valuation of $21.3 billion.
Why You Should Consider a Home Loan from IDBI Bank
Jan 20, 2025, at 06:23 pm
Is any decision in your life bigger and more significant than purchasing a home? Probably not, especially if you are in India, because having a home is not just a sign of stability but prosperity and a matter of great pride.
Tech entrepreneur Elon Musk hosts Indian Global Forum business delegation at Space X
Jan 19, 2025, at 08:17 pm
Tech entrepreneur Elon Musk recently hosted a delegation of Indian business figures at SpaceX's Starbase facility in Texas.