Business and financial news
Colombo: India and Sri Lanka held the 12th round of negotiations on the Economic and Technology Cooperation Agreement (ETCA) in Colombo from October 30 to November 1.
New Delhi: The Income Tax Department registered a record number of filing of Income Tax Returns (ITRs) till 31st October, which was the due date for filing of ITRs for taxpayers not having any international or specified domestic transaction, Ministry of Finance said on Wednesday.
Mumbai: Engineering and construction major Larsen & Toubro (L&T) aims to sell its share in the Hyderabad Metro project within the next two, or possibly two and a half, years, Moneycontrol reported.
Mumbai: Hero MotoCorp announced a 47 percent increase in net profit, reaching Rs 1,054 crore for the quarter ending on September 30, 2023, a significant rise from the Rs 716 crore profit recorded in the same period last year.
Mumbai: In order to enhance the efficient dissemination of relevant information to investors, the Securities and Exchange Board of India (SEBI) has modified the format that asset management companies (AMCs) use for submitting offer documents of mutual fund schemes.
On the back of economic activities and anti evasion measures by the government, the Goods and Services Tax (GST) mop-up topped Rs 1.72 lakh crore in the month of October 2023 recording 13% year-on-year growth.
Mumbai/UNI: The BSE Sensex on Wednesday lost further by 170.77 points at 63,704.16 in the opening session as selling was seen in metal, power, and technology stocks.
Mumbai: Tata Consumer Products Ltd. (TCPL) announced a consolidated net profit of Rs 359.18 crore for the September quarter of FY24, marking a 1.18 percent increase from Rs 354.98 crore in the same period of the previous fiscal year. The group's consolidated net profit amounted to Rs 363.98 crore.
New Delhi: RBI Governor Shaktikanta Das on Tuesday commented on the high attrition rates observed in certain private sector banks, emphasising that the Central bank is closely monitoring this issue, a report in the media said.
Mumbai: Bharti Airtel on Tuesday announced that its combined net earnings for the quarter concluding in September stood at Rs 1,340.7 crore, a decrease of 37.50 percent compared to Rs 2,145.2 crore in the same period the previous year.
New Delhi: The fiscal deficit increased to Rs 7.02 lakh crore in April-September, up from Rs 6.43 lakh crore in April-August, according to data released on October 31.
Mumbai: Larsen & Toubro (L&T) Tuesday announced a 45 percent year-on-year surge in net profit, amounting to Rs 3,223 crore, in the second quarter of fiscal year 2023-24.
India's core sector comprising of eight key infrastructure components grew 8.1% year-on-year (YoY) in September 2023, according to data released by Commerce and Industry Ministry on Tuesday.
Snapping a winning streak of last two sessions, the BSE Sensex dropped 237.72 pts to close at 63,874.93 as selling was seen in Auto, Energy Technology and BSE Services stocks.
A top official of Godrej Locks believes that the rate of growth which digital locks will witness in the next three years might be 10 percent of the sales in the segment.
The BSE Sensex gained further by 329.85 pts to close at 64,112.65 as buying was seen in Realty, Energy and Telecommunications stocks.
Bandhan Mutual Fund on Saturday announced the launch of the Bandhan Nifty Alpha 50 Index Fund, an open-ended index scheme tracking Nifty Alpha 50 Index, providing investors with an opportunity to invest in a well-diversified portfolio of stocks that generated high alpha (relatively higher returns than the market) over the last one year.
Mumbai: NBFC Bajaj Finserv posted a consolidated net profit of Rs 1,929 crore, marking a 24% increase compared to the previous year's earnings of Rs 1,557 crore.
Mumbai: SBI Cards and Payment Services Ltd reported Profit After Tax (PAT) of Rs 603 crore in Q2 FY24, up 15% YoY, compared to Rs 526 crore in Q2 FY23.
Mumbai: Fintech unicorn BharatPe on Friday said that its Chief Product Officer Ankur Jain has resigned to pursue startup ambitions.
Mumbai: Public sector lender Union Bank recorded a net profit of Rs 3,511 crore in the quarter ending September of FY24, surging 90 percent compared to the Rs 1,848 crore reported in the same period last year.
Mumbai: The Reserve Bank of India (RBI) has granted an extension to Dipak Gupta as the interim Managing Director and Chief Executive Officer (MD and CEO) of Kotak Mahindra Bank until December 31, 2023.
Mumbai: Jio Infocomm, the telecom arm of Reliance Industries, posted a standalone net profit of Rs 5,058 crore for the quarter ending in September, up 12.10 percent year-on-year.
Mumbai: Reliance Retail, the retail division of diversified conglomerate Reliance Industries, recorded a 21 percent year-on-year rise in net profit, reaching Rs 2,790 crore for the quarter ending in September.
Snapping a losing streak of the last six sessions, the BSE Sensex on Friday surged 634.65 points to close at 63782.80 as buying was seen in power, utilities, and real estate stocks amid a positive Asian market.
Tata Group will officially manufacture Apple iPhones in India for domestic and international markets in the next two and a half years.
On the back of higher sales, softening commodity prices and cost reduction, country's largest carmaker Maruti Suzuki on Friday recorded 80.3% year-on-year increase in net profit at Rs 3,716.5 crore for July-September quarter (Q2) of ongoing financial year 2023-24.
Mumbai: Dubai Chambers on Thursday announced the launch of the Dubai Business Forum.
New Delhi: The Enforcement Directorate has attached assets worth over Rs 70 crore belonging to DHFL promoters Kapil and Dheeraj Wadhawan in connection to a money laundering probe linked to an alleged bank loan fraud case, media reported.
New Delhi: The government is set to increase the supply of onions in retail markets to stabilize prices during the upcoming festive season, Moneycontrol reported, citing a senior official from the Consumer Affairs Department.
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