KBL contributes to the majestic Shri Ram Temple with over 100 pumps
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.
Finance
Kotak Mahindra Bank Q3 net profit move up 8 pc to Rs 3,005 crore
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.
South Indian Bank Q3 FY 23: Profit soras 197% YoY to Rs 305.36 cr
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.
CDSL introduces multi-lingual initiatives for ease of doing business for investors
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.
Airbus Helicopters and Heligo sign services contract for H145 fleet
Hyderabad: Airbus has signed a service contract with Heligo Charter Private Limited for six Airbus H145 helicopters.
Tata Advanced Systems partners with Boeing to manufacture advanced composite assemblies
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.
Q3FY24: Jio Platforms reports Rs 5,445 cr net profit, up 11.6% YoY
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.
Reliance Industries Q3FY24: Net profit grows 11% to Rs 19,641 cr retail, Jio, oil & gas business
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.
Gadkari sanctions Rs 344 cr for expansion of the Mangalore-Mudigere-Tumkur section of NH-73 in Karnataka
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.
Paytm Q3FY24: Consolidated revenue soars 38% YoY to Rs 2850 cr; losses narrow down to Rs 222 cr
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.
World Economic Forum 2024: Ashwini Vaishnaw says India will be a major semiconductor destination in next 5 yrs
Davos: Union Minister for Electronics and Information Technology Ashwini Vaishnaw highlighted the focused initiatives undertaken by India during the World Economic Forum annual meeting.
World Economic Forum 2024: Smriti Irani advocates for consensus on watermarking AI products
Davos: The Indian delegation at World Economic Forum 2024 promoted responsible behaviour about AI, insisting on convergence or a consensus on watermarking AI products.
Sensex jumps by over 500 points
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.
American department store chain Macy's to slash 2,350 jobs
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.
Union Cabinet approves MoU signed between India and EU on Semiconductors
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).
Haldiram's in talks to buy majority stake in Prataap Snacks: Report
India’s popular snacks company Haldiram's is in discussions to buy a majority stake in Prataap Snacks, media reports said.
Tata Group promises major new investments, expansion plans in Telangana
Hyderabad/UNI: Tata Group on Thursday said it would make major new investments and expand its presence in Telangana.
SBI’s Basel III compliant Additional Tier 1 Bond Issuance
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.
Coal India subsidiaries get CCEA nod for equity investments in coal-fired power projects
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.
Sensex tanks 500 points
Mumbai/UNI: The equity market remained negative for the third consecutive session as the BSE Sensex on Thursday dropped 502.47 pts at 70,998.29 in early trade as selling was seen across the board amid weak global cues.
PLI Schemes witness over Rs 1.03 lakh crore of investment till Nov 2023
New Delhi: Production Linked Incentive (PLI) Schemes witnessed over Rs. 1.03 lakh crore of investment till November 2023, leading to production/ sales of Rs. 8.61 lakh crore and direct and indirect employment generation of over 6.78 lakhs, according to the Commerce and Industry ministry.
Volvo Car India defers price increase of its EVs while increasing prices on other models
Kolkata: Volvo Car India has deferred the prices of its EV offerings –the XC40 Recharge and the C40 Recharge while effecting a 2% price increase on its other models, a press release said.
Construction of CAT IIIB-compliant airstrip 28/10 to be completed this week: Jyotiraditya Scindia
New Delhi: Civil Aviation Minister Jyotiraditya Scindia on Wednesday said that the construction project for rehabilitating Delhi Airport's CAT IIIB-compliant airstrip 28/10 is set to be completed this week, media reports said.
PM Modi unveils infrastructure projects worth Rs 4000 in Kerala's Kochi, inaugurates largest dry dock in India
Kochi/UNI: Prime Minister Narendra Modi inaugurated three major infrastructure projects worth more than Rs 4,000 crore on Wednesday.
Davos: Adani Group to invest Rs 12,400 cr in Telangana; MoUs signed World Economic Forum 2024
Davos (Switzerland): The Adani Group and the Telangana government today signed four memorandums of understanding (MoU) for investment of over Rs 12,400 crore, at the World Economic Forum 2024.
Maharashtra: Adani Enterprises to invest Rs 50,000 cr in data centre infrastructure in next 10 yrs
Davos (Switzerland): Adani Group’s flagship company Adani Enterprises Limited on Wednesday signed a memorandum of understanding (MoU) with the Maharashtra government to set up 1 GW hyperscale data centre infrastructure in the state at an investment of Rs 50,000 crore in the course of the next decade, media reports said.
Budget 2025 changes government may consider: ICRA Analytics report
Mumbai: The presentation of the Interim Budget on February 1 stands as a critical event in the financial calendar, leading to sharp speculations about the government's spending, fiscal deficit, and individual taxation.
India's engineering goods exports reach $10.04 billion
Kolkata: India's engineering goods exports grew 10.20 percent year-on-year to $10.04 billion in December 2023 despite several challenges stemming from geo-political tensions and tight financial conditions in major advanced economies, according to EEPC India
Tata Passenger Electric Mobility launches Punch.ev, check out the price
Tata Passenger Electric Mobility Ltd (TPEM), a subsidiary of Tata Motors and the pioneer of India’s EV revolution, on Wednesday (January 17, 2024) launched its first pure EV – the Punch.ev.
Equity market witnesses bloodbath, Sensex drops 1628.01 pts
The equity market witnessed a bloodbath, as the BSE Sensex on Wednesday plunged 1628.01 pts to close at 71,500.76 a single day fall in 16 months on weak global cues.