Business and financial news
New Delhi/UNI: Adani group's Mundra Port handled 16.1 million metric tonne (MMT) of cargo in October, 2023 recording the highest-ever volume by any port in India, Adani Ports and Special Economic Zone Ltd (APSEZ) said in a statement on Sunday.
Bengaluru: Education startup Byju's finally released its financial results on Saturday, after several delays. The results revealed that its parent company, Think & Learn Pvt., reported a slight reduction in losses, despite a surge in business during the pandemic.
Mumbai: State-run lender Bank of Baroda (BoB) recorded a 28.4% increase in net profit in the second quarter of the FY24 at Rs 4,253 crore, compared to the same period last year.
Guwahati: Union Minister Nitin Gadkari and Assam CM Dr. Himanta Biswa Sarma inaugurated 26 national highway projects worth Rs 17,500 crore in Guwahati.
San Francisco: Elon Musk's social media platform, formerly known as Twitter but now renamed as X, is offering unused user accounts for sale, with prices starting at $50,000 and above.
Coal India Limited has observed Vigilance Awareness Week (VAW) 2023 with a list of activities conducted from October 30 onwards. The VAW concludes on November 5, 2023.
Mumbai: State Bank of India (SBI) has announced a net profit of Rs 14,330 crore for the July-September quarter of FY24, marking an 8-percent increase from the Rs 13,265 crore recorded in the same period the previous year.
Kolkata: UCO Bank on Friday reported a 20.3 percent fall in its net profit in the September quarter to Rs 401.67 crore as compared to Rs 504.52 crore in the same quarter last year.
Mumbai: JSW Infrastructure Ltd on Friday reported a company specializing in commercial port operations, announced a substantial 85 percent increase in its combined earnings, reaching Rs 255.87 crore for the quarter concluding on September 30, 2023.
Mumbai: Engineering giant Larsen & Toubro (L&T) Friday said it has sold its 100% stake in L&T Infrastructure Engineering Limited (LTIEL) to STUP Consultants Private Limited, a subsidiary of Assystem SA of France, a press statement said.
Mumbai: Online food delivery platform Zomato continued its impressive performance in the second quarter of FY24, recording a profit of Rs 36 crore
Mumbai: Raymond Group has announced the acquisition of a 59.25 percent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals.
Hyderabad: In order to cater to the rising demand in passenger traffic and augment the passenger handling capacity, GMR Hyderabad International Airport (GHIA) has embarked on a phase-wise expansion.
Leading tech company Intel has joined forces with eight Indian firms located in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Tamil Nadu, and Haryana to accelerate the production of laptops in the country, media reports said.
New Delhi: InterGlobe Aviation, the company that operates IndiGo Airlines, on Friday reported a Rs 188.9 crore consolidated net profit for the September quarter (Q2) of the current financial year 2023-24 as against a net loss of Rs 1,583.3 crore in the same period a year ago.
New Delhi: Saudi Arabia is interested in buying a significant stake in the Indian Premier League (IPL), a highly profitable international cricket event, Bloomberg reported.
The BSE Sensex on Friday advanced further by 282.88 pts to close at 64,363.78 following gains in Titan, Tech Mahindra, Tata Motors and JSW Steel stocks amidst. positive Asian Market.
Mumbai/UNI: The BSE Sensex on Friday rallied further by 392.08 points to 64,472.98 in the opening session as buying was seen across the board.
Mumbai: Engineering firm Larsen and Toubro (L&T) Thursday announced that it has garnered Rs 1,500 crore via Non-Convertible Debentures (NCDs).
Mumbai: Gautam Adani-led Adani Group’s flagship company Adani Enterprises Ltd on Thursday reported a 50.57% year-on-year (YoY) decline in consolidated net profit at Rs 227.80 crore for the quarter ended September 2023.
New Delhi: State-run power major NTPC on Thursday reported a substantial 86% year-on-year growth in coal production from its captive mines in April-October period of 2023-24.
It has been a number of days, but the discussion regarding India's work productivity, started by Infosys founder NR Narayana Murthy's statement about a '70-hour work week', remains a topic of ongoing debate.
Mumbai: Reliance Industries-owned fashion e-commerce platform Ajio Thursday launched Ajiogram, a content-driven interactive e-commerce platform focused on Direct-to-Consumer (D2C) brands.
Bhubaneshwar: Over the past three to four days, a large number of people have been lining up outside the regional office of the Reserve Bank of India (RBI) in Bhubaneswar to swap Rs 2,000 notes, Indian Express reported.
Mumbai: Hero MotoCorp Ltd on Wednesday announced that its board has given the green light to Executive Chairman Pawan Munjal's voluntary decision to decrease his fixed salary by 20%.
Mumbai: Leading pharma company Sun Pharmaceutical Industries Ltd Wednesday reported a 5% increase in its net profit for the July-September quarter, reaching Rs 2,375.5 crore compared to Rs 2,262.2 crore in the corresponding period last year.
Gurugram: Maruti Suzuki India reported its highest-ever monthly sales in October 2023, with nearly 200,000 units sold, driven by strong performance in the domestic market, particularly in the compact and utility vehicle segments, as well as impressive export numbers.
Mumbai: Tata Steel recorded a consolidated net loss of Rs 6,511 crore in the second quarter of the fiscal year 2023-24, marking a significant contrast from the Rs 1,297 crore net profit reported in the corresponding period of the previous year.
Washington DC: The Federal Reserve, which is the Central bank of the United States, on Wednesday, opted to keep interest rates steady at their highest level in 22 years for the second consecutive meeting, Bloomberg reported.
Indian Railways transported 887.25 million tons of freight between April and October 2023, an increase of about 31.61 million tons compared to the same period last year when they transported 855.64 million tons, the Ministry of Railways said on Wednesday.
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