Business and financial news
Indian property investors have surpassed Russians to claim the top position as the leading buyers of real estate in Dubai in 2023, a report released by a real estate company has revealed.
Kolkata: Volvo Car India has reached the milestone of producing ten thousand cars in India at its Bangalore facility, the company said.
New Delhi: The Competition Commission of India (CCI) has green-lit the proposed acquisition of up to 38 percent of MG Motor India by the JSW Group, led by Sajjan Jindal.
Mumbai: Telecom company Bharti Airtel on Tuesday said it has made a substantial financial move by making an advance payment of Rs 8,325 crores to the Department of Telecom (Government of India).
Prime Minister Narendra Modi unveiled the 'Pradhan Mantri Suryodaya Yojana,' a programme aimed at offering rooftop solar panels to consumers.
Chennai: The Tamil Nadu government on Tuesday announced that the American manufacturer of Gorilla Glass, Corning, has committed to investing Rs 1,000 crore to produce front cover glass for mobile phones, catering to phone parts manufacturers in India.
After two years of stalled negotiations, Japan’s Sony Corp officially called off its planned $10 billion merger between its Indian subsidiary and Zee Entertainment Enterprises Ltd. (ZEEL) on Monday (January 22), media reports said.
The BSE Sensex on Tuesday tanked 1053.10 pts to settle at 70,370.55 as heavy selling was witnessed in Realty, Metal, Oil and Gas and Financial Services stocks despite positive global cues.
Ayodhya/IBNS: Zee Entertainment Enterprises Ltd (ZEEL) boss Punit Goenka Monday informed that a merger effort of his company with Japan's Sony Group Corp has fallen through while attending the Ram temple consecration ceremony in Uttar Pradesh's Ayodhya.
Mumbai: IDFC First Bank, a private sector lender, announced a net profit of Rs 715.68 crore for the October-December quarter of the financial year 2023-24, growing 18.37 percent from Rs 605 crore in the corresponding period of the previous year.
Mumbai: The state-run Union Bank of India Saturday declared a 60 percent increase in its standalone net profit, reaching Rs 3,589.91 crore for the third fiscal quarter.
New Delhi/UNI: Indian pump manufacturing company Kirloskar Brothers Limited (KBL) has contributed over 100 pumps to the construction of the Shri Ram Temple in Ayodhya.
Private lender Kotak Mahindra Bank on Saturday reported 7.63% year-on-year jump in standalone net profit to Rs 3,005 crore for the October-December quarter (Q3) of the current financial year 2023-24.
Thrissur (Kerala): Private sector lender South Indian Bank reported a net profit Rs 305.36 crore in Q3 FY 24, demonstrating a remarkable surge of 197.19% from Rs 102.75 crore in Q3 FY 23.
Mumbai: Central Depository Services (India) Limited (CDSL), Asia's first listed depository, has launched two unique multi-lingual initiatives for ease of doing business for investors.
Hyderabad: Airbus has signed a service contract with Heligo Charter Private Limited for six Airbus H145 helicopters.
Hyderabad/UNI: Tata Advanced Systems Ltd. (TASL), a wholly owned subsidiary of Tata Sons, on Friday announced it has signed a contract with Boeing Commercial Aeroplanes (BCA) to manufacture and supply advanced composite assemblies for the Boeing 737 MAX, 777X, and 787 Dreamliner.
Mumbai: Jio Platforms Ltd, the parent company of India's largest mobile phone operator, reported a growth of 11.6 percent in its fiscal third-quarter profit compared to the previous year, reaching Rs 5,445 crore, primarily driven by a significant increase in subscribers.
Mumbai: Mukesh Ambani-led Reliance Industries reported a 10.9 percent year-on-year increase in its consolidated net profit to Rs 19,641 crore In the December quarter of the fiscal year 2023-24.
New Delhi: The Centre has sanctioned Rs 343.74 crore for the expansion of the Mangalore-Mudigere-Tumkur section of NH-73 to transform it into a 2-lane road with paved shoulders.
Mumbai: One97 Communications, the parent company of fintech firm Paytm, reported consolidated revenue of Rs 2850 crore in the quarter ending December 2023, up 38% increase compared to Rs 2062 crore in the corresponding quarter of the previous year.
Davos: Union Minister for Electronics and Information Technology Ashwini Vaishnaw highlighted the focused initiatives undertaken by India during the World Economic Forum annual meeting.
Davos: The Indian delegation at World Economic Forum 2024 promoted responsible behaviour about AI, insisting on convergence or a consensus on watermarking AI products.
Mumbai/UNI: After three days, the BSE Sensex on Friday smartly recovered 575 pts at 71,762.7 in early trade as buying was seen across the board.
US department store chain Macy's is laying off around 3.5 percent of its workforce and even planning to shut down five of its stores.
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved a Memorandum of Understanding (MoU) signed between India and the European Commission on Working Arrangements on Semiconductors Ecosystems, its supply chain and innovation under the framework of EU-India Trade and Technology Council (TTC).
India’s popular snacks company Haldiram's is in discussions to buy a majority stake in Prataap Snacks, media reports said.
Hyderabad/UNI: Tata Group on Thursday said it would make major new investments and expand its presence in Telangana.
Mumbai: Public sector lender State Bank of India (SBI) raised Rs 5,000 crore on Thursday through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34 percent.
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Thursday approved equity investments by two Coal India Ltd (CIL) subsidiaries -- South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL) for setting up thermal power plants at an estimated cost of Rs 21,547 crore.
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