Business and financial news
Bathinda: The Prime Minister’s Employment (PME) Scheme and the Prime Minister Food Processing (PMFP) Scheme seem to have started yielding good results in Punjab’s Bathinda region, with entrepreneurs in the district claiming of making huge profits within a year after implementation of the two schemes.
Mumbai/IBNS: Maharashtra has topped the ranking in overall fiscal health closely followed by Chhattisgarh, one of the poorest states in the country, while West Bengal, Kerala, and Punjab are at the bottom positions in a report published by a foreign brokerage.
Mumbai/IBNS: Maharashtra has topped the ranking in overall fiscal health closely followed by Chhattisgarh, one of the poorest states in the country, while West Bengal, Kerala, and Punjab are at the bottom positions in a report published by a foreign brokerage.
New Delhi: India's wholesale inflation continued to be in the negative zone but increased to (-) 1.36% in July 2023 from (-) 4.12% in June, data released by Ministry of Commerce and Industry showed on Monday.
Mumbai: The BSE Sensex on Monday dropped 302.32 pts at 65,022.33 in opening trade as selling was seen in Metal, Realty, Telecommunications and Commodities stocks.
Ahmedabad: The Adani Group has appointed accounting firm MSKA & Associates as the new auditor for Adani Ports and Special Economic Zone (APSEZ), replacing Deloitte. The group said on Saturday that it found the reasons given by Deloitte for resigning as the company's auditor to be "unconvincing", according to media reports.
Billionaire Gautam Adani's company is undeterred in materialising its $50 billion green hydrogen project with or without its French partner, TotalEnergies SE, media reports said.
New Delhi: India's industrial output expanded by 3.7 percent in June, according to the Ministry of Statistics and Programme Implementation.
Mumbai: Zerodha founder Nithin Kamath announced that the discount broker has obtained the necessary regulatory approval to establish an asset management company (AMC).
New Delhi: Net direct tax collection in the current fiscal year up to August 10 stood at Rs. 5.84 lakh crore, 17.33% higher than the net collections for the corresponding period of last year.
Mumbai: In an effort to enhance transparency, the Securities and Exchange Board of India (Sebi) has introduced stricter disclosure requirements for a specific category of Foreign Portfolio Investors (FPIs).
Mumbai: FSN E-Commerce Ventures, the entity behind Nykaa, a prominent beauty and personal care (BPC) company, reported a nearly 27% drop in its profits for Q1FY24 compared to the previous year, amounting to Rs 3.3 crore.
Mumbai: Patanjali Foods Ltd reported a 64 percent drop in its net profit, amounting to Rs 87.75 crore during the first quarter of the current fiscal year the net profit for the same period in the previous year was Rs 241.25 crore.
Mumbai: Oil and Natural Gas Corporation Limited (ONGC) on Friday reported a massive 102% increase in its consolidated net profit for the first quarter of the financial year 2023-24.
Mumbai: The BSE Sensex on Friday lost another 365.53 pts to settle at 65,322.65 as selling was seen in Health Care, Bankex, Auto and Financial Services stocks amid weak Asian Market.
New Delhi: : Max Life Insurance Company Ltd has launched the ‘NIFTY Smallcap Quality Index Fund’ in the ULIP segment. This first Smallcap Index Fund of the Life Insurance industry is based on the NIFTY Smallcap 250 Quality 50 Index that has delivered 22% 10-year CAGR+.
Mumbai/UNI: Noting that the high debt level of poor countries poses risks to their sustainable development, Union Finance Minister Nirmala Sitharaman said on Friday that the international community must collaborate and find stronger ways to coordinate debt restructuring for low-income and vulnerable middle-income countries facing debt distress.
Mumbai/UNI: The BSE Sensex on Friday lost further by 226.37 pts to 65,461.81 in opening trade on renewed selling in Auto, Bankex, Capital goods, and Energy stocks.
Mumbai/IBNS: Unicommerce, a prominent e-commerce enablement SaaS platform in India, has unveiled its third annual trends report, titled 'India E-commerce Index' 2023.
Gurugram/IBNS: Air India, a Tata Group-owned airline, Thursday unveiled a modern new brand identity and new aircraft livery that capture the essence of a bold new India, marking a milestone in its Vihaan.
Kolkata: JSW Steel on Thursday reported consolidated crude steel production for July at 20.39 lakh tonnes, up 12% YoY against 18.25 lakh tonnes in the corresponding month in 2022.
New Delhi: SBI Card, India’s largest pure-play credit card issuer, and National Payments Corporation of India (NPCI) have announced the linking of SBI credit cards on the RuPay platform with UPI.
Mumbai: The RBI kept its policy rate unchanged at 6.5% in line with expectations. Moreover, it continued with its stance of “withdrawal of accommodation” with a 5:1 vote.
Mumbai/UNI: As widely expected by economists and market watchers, Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 6.50%.
Mumbai: Ola, owned by ANI Technologies reported a substantial increase in consolidated revenue to Rs 1,970.42 crore in Q1FY24, marking a nearly 100 percent year-on-year (YoY) growth, Moneycontrol reported citing a filing with the Registrar of Companies (RoC).
New Delhi: India’s coal consumption has witnessed a massive growth of around 753% surge from 130.73 MT in 1983-84 to 1115.02 MT in the year 2022-23, Coal Minister Pralhad Joshi informed Lok Sabha on Wednesday.
Bengaluru: Okta, the leading independent identity provider, on Wednesday announced the opening of an office in India as part of its ongoing commitment to driving secure digital transformation across Asia Pacific and worldclass customer support.
New Delhi: Food Corporation of India (FCI) will offload 50 lakh metric tonnes (LMT) of wheat and 25 LMT of rice in the open market, the Ministry of Food & Public Distribution said on Wednesday.
Mumbai: Zee Entertainment has reported a huge 97 percent decline in year-on-year (YoY) profit after tax (PAT) to Rs 3.9 crore for the first quarter of the fiscal year 2024, citing a weak advertising environment as the primary reason.
Mumbai: Securities and Exchange Board of India (SEBI) has revised the timeline for listing securities after the conclusion of a public issue, reducing it from the current six working days to three days.
Get the latest news delivered to your inbox
Connect with us on social media
