Business and financial news
New Delhi: The Delhi High Court directed SpiceJet on Friday to remit $1.58 million to its engine lessors Team France and Sunbird France by May 2 even as it acknowledged negotiations between the budget carrier and the lessors are ongoing, with final settlement terms yet to be established, media reports said.
Kolkata: Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, said Friday it has received a record 674 patents in FY24, the most of any Indian 4-wheeler automobile/farm equipment manufacturer.
Mumbai: JSW Infrastructure Limited reported a Profit After Tax (PAT) of Rs 329 crore for the quarter ended March 31, up 9% YoY.
New Delhi: India's mineral production index for FY 2023-24 has increased by 7.5% over FY 2022-23. The mineral production index for March 2024 stood at 156.1, marking a 1.2% increase compared to March 2023.
Mumbai: E-commerce company Meesho reported a no-proft-no-loss performance in Q3FY24, compared to the previous quarter, media reported.
Mumbai: Tata Technologies reported a 28% decrease in its consolidated net profit, amounting to Rs 157 crore for the quarter ending March 31, 2024.
UAE ambassador to India Abdulnasser Jamal Alshaali has praised the rise in trade with India by 16 percent.
Maximizing your returns through financial investments requires shrewdness, analytical skills, and the ability to truly understand the market. However, one of the most important factors, and often the most overlooked, is choosing the best FD rates available. Fixed Deposits (FDs) are one of the most popular methods of investment in India due to their safety, stability, and assured return on investment. But it isn't enough to simply choose any FD. You must be vigilant and discerning in choosing the best FD rates in order to truly maximize your returns.
Mumbai/IBNS: The Indian benchmark indices dropped on Friday afternoon due to profit-booking and a decline in the share prices of blue-chip Reliance Industries, wiping out gains made in initial trading.
Tashkent/IBNS: Uzbekistan President Shavkat Mirziyoyev, on Thursday (May 2), participated in the plenary meeting of the Third Tashkent International Investment Forum at the Congress Centre in Tashkent.
Ceat's consolidated net profit witnessed a decline of 22.8%, reaching Rs 102.27 crore in Q4FY24, compared to Rs 132.42 crore in Q4 FY23.
Gurugram: Honda Motorcycle & Scooter India (HMSI) today reported a double-digit growth in its overall sales for the month of April 2024.
Mumbai: Federal Bank reported a net profit of Rs 906.30 crore for the quarter ended March 31, 2024.
Ahmedabad: Adani Group company Adani Green Energy Ltd (AGEL) on Thursday announced USD 400 million financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks.
Mumbai: NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia (BoN) to support them in developing an instant payment system like Unified Payment Interface (UPI) for Namibia.
Washington: The US Federal Reserve maintained interest rates at 5.25 percent - 5.50 percent on Wednesday for the sixth consecutive meeting, aligning with market expectations.
Mumbai: The Godrej family on Wednesday announced a strategic split of its conglomerate, setting the stage for the creation of two distinct entities: Godrej Enterprises and Godrej Industries, media reports said.
Vedanta's Chairman, Anil Agarwal, announced on Wednesday that the company plans to invest $20 billion in India across its various businesses within the next four years, media reports said.
Mumbai: Aadhar Housing Finance, a subsidiary of the Blackstone Group, is set to debut on Dalal Street with its initial public offering (IPO) worth Rs 3,000 crore on May 8, media reports said.
Mumbai: State-owned entity Coal India Ltd (CIL) announced on Wednesday that its coal production for April rose by 7.3 percent to reach 61.8 million tonnes (MT).
Mumbai: Ambuja Cements Limited reported a 63.60 percent year-on-year rise in consolidated net profit at Rs 1,055.16 crore for the quarter that ended on March 31 in the financial year 2023-24 (Q4FY24).
Mumbai: Adani Wilmar Ltd, primarily operating in the edible oil and food-FMCG sectors, announced a 67 percent surge in its consolidated net profit to Rs 156.75 crore for the quarter ending March, despite a decrease in revenue.
New Delhi: Jindal Stainless Ltd (JSL) on Wednesday revealed plans to invest Rs 5,400 crore in expanding its capacity to 4.2 million tonnes per annum, media reported.
New Delhi: India saw a record high in Goods and Services Tax (GST) revenue for April 2024, a 12.4 percent y-o-y increase, hitting a historic peak of Rs 2.1 lakh crore in gross terms, the Finance Ministry said on Wednesday.
Ahmedabad: Adani Power, led by Gautam Adani, witnessed a 47.8 percent drop in its consolidated net profit to Rs 2,737 crore for the quarter ending March 2024 (Q4FY24).
Two-wheeler manufacturer TVS Motor Company on Wednesday said it registered a growth of 25% with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.
Ensuring the health and well-being of our family members is incredibly important nowadays. With medical costs going up and unexpected health issues cropping up, having a solid health insurance plan is a must. In this blog, we'll talk about health insurance plans for families. We'll see how they're crucial for keeping our loved ones healthy and secure.
Google has terminated employees from various technology teams, such as Flutter, Dart, and Python, among others, media reports said.
New Delhi: Public infrastructure finance company REC Limited reported a net profit of Rs 4,016 crores for the fourth quarter of fiscal year 2024, an increase of 34% from Rs 3,001 crores recorded in the same period of the previous fiscal year.
New Delhi: NHPC Limited, the largest organization for hydropower development in India, signed a Memorandum of Understanding (MoU) with Norwegian company Ocean Sun operating as a technology provider to the floating solar industry.
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