Sensex down by over 500 points
Mumbai/UNI: The BSE Sensex on Thursday dropped 570 points to 70,486.59 in early trade-on-profit booking by local operators.
Finance
Republic Day sales 18.7% higher than last year
New Delhi: E-commerce order item volume increased by 18.7%, during the Republic Day sale in 2024, as compared to last year's sale period. Unicommerce, according to an analysis.
Tata Steel opens fully automated construction service centre
Vijayawada/UNI: Tata Steel inaugurated its third fully automated construction service centre here on Wednesday in Andhra Pradesh to offer customized reinforcement products and solutions to India’s booming construction industry.,
Tata Steel opens fully automated construction service centre
Vijayawada/UNI: Tata Steel inaugurated its third fully automated construction service centre here on Wednesday in Andhra Pradesh to offer customized reinforcement products and solutions to India’s booming construction industry.,
Tata Steel net profit of Rs 522.14 in Q3FY24
Mumbai: Tata Steel Wednesday reported a consolidated net profit of Rs 522.14 crore for the October-December quarter, exhibiting a positive turnaround from a net loss of Rs 2,501.95 crore in the same period the previous year.
Govt allows direct listing of shares of Indian firms on GIFT City's exchanges
New Delhi: The government on Wednesday officially announced the direct listing of shares for Indian companies on the exchanges at GIFT City.
Cabinet approves funds for coal gasification projects worth Rs. 8,500 crores
New Delhi/UNI: The Union Cabinet Wednesday approved the scheme for the promotion of coal gasification projects by state-owned companies and the private sector, with an outlay of Rs 8,500 crore towards incentives for the same under three categories.
Failed ZEEL-Sony merger drains Rs 3,130 crore from MFs, insurers
Mumbai: The failed $10-billion merger between Zee Entertainment Enterprises Ltd and Sony Pictures Networks India resulted in a substantial wealth loss of approximately Rs 3,130 crore for mutual funds and insurance companies on Tuesday, according to a media report.
ZEEL approaches NCLT seeking implementation of merger deal with Sony
Mumbai: Zee Entertainment Enterprises Ltd on Wednesday took legal actions by filing petitions with the National Company Law Tribunal in Mumbai and initiating proceedings at the Singapore International Arbitration Centre after Sony's termination of a $10-billion merger deal, media reports said.
SoftBank offloads 2% stake in Paytm for Rs 980 cr
Mumbai: Japanese investor SoftBank divested a 2% stake in One 97 Communications, the parent company of fintech firm Paytm.
Nirmala Sitharaman participates in pre-budget halwa ceremony
The traditional 'halwa ceremony', marking the final stage in the preparation ahead of the interim Union Budget 2024 presentation, was held on Wednesday evening at the Union Finance Ministry headquarters at North Block in Delhi.
Gainwell Group acquires TIL Limited
Gainwell Group, through its group entity- Indocrest Defence Solutions Private Limited (IDSPL), on Wednesday acquired a dominant stake in infra equipment manufacturer TIL (formerly Tractors India) Limited.
CCI approves JSW's acquisition of up to 38 pct stake in MG Motor India
The Competition Commission of India (CCI) has approved the acquisition of up to approximately 38 percent of the share capital of MG Motor India Private Limited by JSW Ventures Singapore Pte. Limited.
CCI approves merger of Fincare and AU Small Finance Bank Limited
The Competition Commission of India (CCI) has approved the merger of Fincare Small Finance Bank Limited (Fincare) and AU Small Finance Bank Limited (AU).
Indian Overseas Bank registers 30.27 pct year-on-year rise in net profit
Public sector Indian Overseas Bank on Wednesday reported 30.27% year-on-year rise in net profit at Rs 723 crore for October-December quarter (Q3) of the current financial year 2023-24.
Axis Bank net profit rises 4% YoY to Rs 6,071 cr in Q3FY24
New Delhi/UNI: Private sector lender Axis Bank on Tuesday reported a 4% year-on-year rise in profit at Rs 6,071 crores for the October-December quarter (Q3) of the current financial year 2023-24.
Centre to implement over 200 projects in 5 years under Parvatmala Pariyojana: Gadkari
New Delhi: The Central government has planned to implement over 200 projects worth Rs 1.25 lakh crore in the next five years under its National Ropeways Development Programme ‘Parvatmala Pariyojana’, Road Transport and Highways Minister Nitin Gadkari said on Tuesday.
Oxford University cancels contract with TCS iON over 'technical issues': Report
Oxford (UK): The University of Oxford terminated its agreement with Tata Consultancy Services iON, media reports said.
IHCL signs its third hotel in the holy town Ayodhya
Mumbai: Tata Group-owned Indian Hotels Company (IHCL) Tuesday announced the signing of a third hotel in Ayodhya, Uttar Pradesh, the company said in a press release.
India tops among leading real estate buyers in Dubai, says report
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.
10’000th ‘Made-in-India’ Volvo Car rolls out
Kolkata: Volvo Car India has reached the milestone of producing ten thousand cars in India at its Bangalore facility, the company said.
CCI gives nod to JSW Group's acquisition of 38% stake in MG Motor India
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.
Bharti Airtel pays Rs 8,325 cr towards 2015 spectrum auction liabilities
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).
Pradhan Mantri Suryodaya Yojana: Know about the benefits and eligibility
Prime Minister Narendra Modi unveiled the 'Pradhan Mantri Suryodaya Yojana,' a programme aimed at offering rooftop solar panels to consumers.
Corning to invest Rs 1,000 cr in Tamil Nadu to manufacture mobile phone cover glass
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.
Sony-Zee $10 billion merger deal collapses, Zee shares slide after breakdown
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.
Sensex crashes 1053.10 points, NSE slips to end at 21,238.80
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.
'A sign from the Lord': Zee CEO informs on Sony merger breakdown from Ayodhya
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.
IDFC First Bank Q3FY23 net profit grows 18% to Rs 716 cr
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.
Union Bank of India Q3FY24 net profit jumps 60% YoY to Rs 3,589; NII stands at Rs 9,168 cr
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.