Rupee opens steady at 83.28 against USD
Mumbai/UNI: The Rupee on Friday opened on a flat note at 83.28 on selling of US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
IBNS•Nov 10, 2023
Finance
Business and financial news
Sensex down by over 200 points
Mumbai/UNI: The BSE Sensex on Friday lost another 214.49 pts at 64,617.71 as selling was seen across the board.
IBNS•Nov 10, 2023
Bridgestone India's Indore Plant rolls out 100 millionth tyre
Kolkata: Bridgestone India, part of Bridgestone Corporation, on Monday said its Indore plant rolled out 100 millionth tyre, an achievement coinciding with the tyre manufacturer's silver jubilee in India.
IBNS•Nov 10, 2023
Former Miss India and Yale University grad Aditi Arya weds Uday Kotak's son Jay Kotak
Mumbai: Former Miss India Aditi Arya, who also holds an MBA from Yale University, recently got married to Jay Kotak, the son of billionaire banker Uday Kotak, at the Jio Convention Centre in Mumbai. The additional celebrations took place in Udaipur, reported MoneyControl.
IBNS•Nov 10, 2023
Hinduja Global Solutions Q2FY24 consolidated profit drops 92% to Rs 223 cr, grows 11% QoQ
Mumbai: Business process management company Hinduja Global Solutions declared a consolidated profit of Rs 18.4 crore in the quarter ending September 30, 2023, down approximately 92%, compared to Rs 222.88 crore in the same quarter last year.
IBNS•Nov 10, 2023
ICICI Bank gets RBI's nod to make ICICI Securities wholly-owned subsidiary
Mumbai: ICICI Bank Thursday said it has received approval from the Reserve Bank of India to make ICICI Securities its wholly-owned subsidiary.
IBNS•Nov 09, 2023
Piyush Goyal, Elon Musk meeting in US amid reports of Tesla's entry to Indian market with imported cars: Report
New Delhi: Union Commerce and Industry Minister Piyush Goyal, is scheduled to meet with Tesla CEO Elon Musk in the United States next week to further the U.S. carmaker's efforts to enter the Indian market as New Delhi looks to protect its interests in the deal, Reuters reported.
IBNS•Nov 09, 2023
Apollo Tyres Q2 net profit jumps 164% to Rs 6,280 cr
Gurugram: Apollo Tyres Ltd Wednesday reported a net profit of Rs 474 crores for the quarter ended September 30, 2023, up 164%, as against Rs 179 crores in the same period last fiscal.
IBNS•Nov 09, 2023
US invests $553 million Adani port in Sri Lanka amid growing Chinese influence
Colombo: U.S. International Development Finance Corporation (DFC) has announced a funding of $553 million in Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority.
IBNS•Nov 09, 2023
Reliance Capital reports consolidated net loss of Rs 239 cr in Q2
New Delhi: Reliance Capital reported a consolidated net loss of Rs 239 crore for the quarter ending on September 30, 2023-24.
IBNS•Nov 09, 2023
BHEL reports consolidated net loss of Rs 238 cr in Sept qtr
Mumbai: State-owned engineering company Bharat Heavy Electricals Ltd (BHEL) announced a consolidated net loss of Rs 238.12 crore for the September quarter of the fiscal year 2023-24.
IBNS•Nov 09, 2023
Air India poised to restore entire 'long grounded' fleet since Tata Group took reins
Mumbai: Air India is set to restore its entire "long-grounded" fleet, which has been out of operation since the Tata Group took over two years ago.
IBNS•Nov 08, 2023
India mulling 39% cut in tariff on EV imports to finalise FTA with UK
New Delhi: India is considering a proposal to decrease import taxes on certain electric vehicles from the UK in order to finalise a free-trade agreement between the two nations by the end of this year, Bloomberg reported, citing sources.
IBNS•Nov 08, 2023
Oil India Q2FY24 consolidated net profit falls 70% to Rs 640 cr
New Delhi: Oil India Limited (OIL) Wednesday reported a 70 percent decrease in its consolidated net profit compared to the same period last year, at Rs 640 crore for the second quarter of the fiscal year 2023-24.
IBNS•Nov 08, 2023
Tesla likely to import cars from Germany in intial phase to enter Indian market: Report
New Delhi: Tesla will launch its entry into the Indian market with direct imports from its German Gigafactory, contrary to earlier reports that the Elon Musk-led company would manufacture cars in India, media reported.
IBNS•Nov 08, 2023
Tata Power Company Q2FY24 consolidated net profit grows 9% to Rs 1,017 cr
Mumbai: Tata Power Company Ltd reported a consolidated net profit of Rs 1,017.41 crore for the second quarter of FY 24, marking 8.79 percent YoY growth over Rs 935.18 crore reported last year.
IBNS•Nov 08, 2023
Indian Market: Sensex improves 33.21 pts
The BSE Sensex on Wednesday ended positive at 64,975.61, rising 33.21 pts following gains in Asian Paints, Titan and JSW Steel.
IBNS•Nov 08, 2023
Rahul Kothari appointed as Razorpay's Chief Operating Officer for India and Singapore
Mumbai: Rahul Kothari, formerly the Chief Business Officer (CBO) of Razorpay, has been appointed as the Chief Operating Officer (COO) for India and Malaysia.
IBNS•Nov 08, 2023
Shriram Capital seeks RBI nod for Asset Reconstruction Company license
Mumbai: Shriram Capital has applied for an Asset Reconstruction Company (ARC) license from the Reserve Bank of India (RBI), Moneycontrol reported.
IBNS•Nov 08, 2023
NHPC Q2FY24 standalone PAT stands at Rs 2,500 cr
New Delhi: NHPC, a Mini Ratna Category-I Enterprise of the Govt. of India, has registered the highest ever half-yearly standalone Profit after Tax (PAT) of Rs. 2,500 crores, against Rs. 2,483 crores for the corresponding previous half-year.
IBNS•Nov 08, 2023
Centre approves early release of Rs 72,961 cr in tax devolution to states due to festive season
New Delhi: In view of the approaching festive season, the Union Government has granted approval for the disbursement of Rs 72,961.21 crore in tax devolution to State Governments for November 2023, the Ministry of Finance said on Tuesday.
IBNS•Nov 08, 2023
'4.56% Govt Security 2023’ to be fully repaid Nov 29
New Delhi: The '4.56% Government Securities 2023' will be fully repaid on November 29, 2023, without any additional interest after this date, the Ministry of Finance said in a communique on Tuesday.
IBNS•Nov 08, 2023
National Coal Index rose by 3.83 points in Sept
New Delhi: The National Coal Index (NCI) rose marginally by 3.83 points to 143.91 in September 2023 after April 2023 due to the temporary rise of coal prices in global markets, the Ministry of Coal said on Tuesday.
IBNS•Nov 07, 2023
Power Grid Corporation of India reports Q2FY24 consolidated net profit of Rs 3,781.42 cr
Mumbai: The Power Grid Corporation of India Tuesday reported Rs 3,781.42 crore as its consolidated net earnings for the quarter ending September 30, 2023, up 3.59 percent compared to Rs 3,650.29 crore the previous year primarily driven by lower expenses, although higher taxes partially offset the gains.
IBNS•Nov 07, 2023
IRCT q2fy24 PAT grows 30% YoY to 294.67 cr
Mumbai: Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) on Tuesday announced a net profit of Rs 294.67 crore for the September quarter of FY24, showing a 30.36 percent increase from the Rs 226.03 crore reported in the same quarter of the previous fiscal year.
IBNS•Nov 07, 2023
Sensex drops marginally by 16.29 pts
Snapping a winning streak of last three sessions, the BSE Sensex declined 16.29 pts to close at 64,942.40 on profit booking by local operators.
IBNS•Nov 07, 2023
Rupee falls 4 paise against USD
Mumbai/UNI; The rupee on Tuesday slipped four paise to 83.25 in the opening session on rising demand for the US dollar by bankers and importers, dealers at the Foreign Exchange said.
IBNS•Nov 07, 2023
Indian Market: Sensex rises 63 points
The BSE Sensex continued to rise on Tuesday too, as it advanced by 63 points to open at 65,021.29 in the opening session as buying was seen in Utilities, Health Care, and Commodities stocks.
IBNS•Nov 07, 2023
Indian Market: Sensex soars 594.91 points
Extending its rally for the third consecutive session on Monday, the BSE Sensex edged up 594.91 pts to close high at 64,958.69 following gains in metal, capital goods, industrials, and commodities stocks amid positive global cues.
IBNS•Nov 06, 2023
Securing a Personal Loan with a Low CIBIL Score: What You Need to Know
Personal Loans are the most convenient financing options if you need additional funds to meet various planned or urgent expenses. Since these loans have no usage restrictions, you can use them for any personal purpose like a wedding, medical emergency, higher education, home renovation, or vacation. However, since these are unsecured loans, you must convince the lender of timely repayment to get approval.
IBNS•Nov 06, 2023
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