Sensex up by over 300 points
Mumbai/UNI: The BSE Sensex on Friday smartly recovered 339.23 pts to 65,580.01 in the opening session as buying was seen across the board.
IBNS•Aug 04, 2023
Finance
Business and financial news
IndusInd Bank and Bajaj Capital's Tiger Fintech launch cobranded credit card
Mumbai: IndusInd Bank and Tiger Fintech - a Bajaj Capital Group company,today announced the launch of the IndusInd Bank Tiger Credit Card, a co-branded credit card powered by Visa.
IBNS•Aug 03, 2023
Tata's food & beverage arm to offer Kashmiri Saffron under its Himalayan brand
Mumbai: Tata Consumer Products (TCP) on Thursday announced its entry into the premium Kashmiri saffron category under its provenance brand- Himalayan.
IBNS•Aug 03, 2023
Saudi Arabia-based appliance manufacturer to use Honeywell’s ultra-low-global warming potential blowing agent
Mumbai: Honeywell on Thursday announced that Saudi Arabia-based appliance manufacturer Al-Essa Industrial Company has adopted Honeywell Solstice Liquid Blowing Agent (LBA) for use in the insulation of its products, a press release said on Thursday.
IBNS•Aug 03, 2023
Adani Enterprises Q1FY24 PAT soars 44% YoY to Rs 674 cr
Mumbai: Adani Enterprises on Thursday reported its financial results for the quarter ending in June 2023, revealing a consolidated net profit of Rs 674 crore, an increase of 44 percent compared to the net profit of Rs 469 crore reported in the previous fiscal year.
IBNS•Aug 03, 2023
Nissan global EV sales surpass 1-million-unit milestone
Yokohama (Japan)/IBNS: Automobile major Nissan Motor Thursday announced its global sales of electric vehicles have surpassed the 1-million-unit milestone.
IBNS•Aug 03, 2023
Adani Group's Ambuja Cements acquires Sanghi Industries for Rs 5,000 cr
Mumbai: Adani Group-owned Ambuja Cements Ltd (ACL) has acquired Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore, the company said in a press release on Thursday.
IBNS•Aug 03, 2023
India's services PMI surges to 13-year high of 62.3 in July
New Delhi/UNI: India's services sector expanded at a record pace in July 2023 on the back of strong demand and new business gains.
IBNS•Aug 03, 2023
Sensex down by over 200 points
Mumbai/UNI: The BSE Sensex remained negative on Thursday too, as it dropped 232 points to open at 65,550.83 as selling pressure was witnessed in Commodities, metals, and real estate stocks.
IBNS•Aug 03, 2023
Salesforce Ventures portfolio company A5 makes strategic expansion in Europe
Pleasanton (California): A5, a Salesforce ventures portfolio company and a multi-cloud digital transformation solutions provider, announced a strategic expansion into the European zone.
IBNS•Aug 03, 2023
Railways spent Rs 352 cr on implementation of anti-collision system Kavach so far in FY24
New Delhi: Indigenously developed anti-collision system 'Kavach' has so far been deployed on 1465 Route km and 121 locomotives (including Electric Multiple Unit rakes) on South Central Railway.
IBNS•Aug 03, 2023
28% GST on online gaming: GST Council agrees to review after 6 months of implementation
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced the decision to implement 28% GST on the full face value of bets placed on online games, horse racing, and casinos.
IBNS•Aug 03, 2023
TDS On Rent - All Important Aspects.
The home buying market in India is facing a new revolution and a dilemma, and a whole lot of formalities have been induced in the system due to this revolution. The central government of India provides different regulations to protect the rights and responsibilities of property owners as well as tenants who live on those properties. There's a provision put in place for every property, be it commercial or residential.
IBNS•Aug 02, 2023
HPCL reports Rs 6,765.5 cr net profit in June qtr of FY24
Mumbai: Hindustan Petroleum Corporation Limited (HPCL) reported a consolidated net profit of Rs 6,765.5 crore in the first quarter of the financial year 2023-24.
IBNS•Aug 02, 2023
Titan reports Rs 756 cr net profit in Q1FY24
New Delhi: Titan Company Ltd. reported a consolidated net profit of Rs 756 crore for the June quarter of FY24, down 4.3 percent compared to Rs 790 crore in the same quarter of the previous financial year.
IBNS•Aug 02, 2023
IndiGo reports Rs 3,091 cr profit in Q1FY24; revenue from ops grows to Rs 16,683 cr
Gurugram: InterGlobe Aviation, the parent company of IndiGo, reported a notable turnaround in its financial performance for the quarter ending June 2023.
IBNS•Aug 02, 2023
Indian Rupee down 32 paise against USD
Mumbai: The Indian Rupee on Wednesday plummeted 32 paise to close negative at 82.59 against the USD on rising demand for US Dollar by bankers and importers along with sliding equity market, dealers at the Foreign Exchange said.
IBNS•Aug 02, 2023
Indian Market: Sensex crashes by 676.53 points
Mumbai: The BSE Sensex slumped on Wednesday by 676.53 points to settle at 65,782.78 after rating agency Fitch downgraded the US credit rating to AA+ from AAA.
IBNS•Aug 02, 2023
Honda Cars India starts production of its mid-size SUV Elevate
New Delhi: Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, has started the production of its new mid-size SUV, Honda Elevate.
IBNS•Aug 02, 2023
Proven Techniques for Successfully Applying for the Best Credit Cards
In a very short time, credit cards have become an intrinsic aspect of every household in India, offering liquidity in their times of need. However, successfully applying for a credit card in the Indian market requires a strategic approach. There are several parameters that credit card companies place as their eligibility criteria. Moreover, not every credit card company may be the best pick for your financial needs.
IBNS•Aug 02, 2023
Indian Railways crosses 500 MT freight loading mark on first four months of this Financial Year
New Delhi: Indian Railways crossed the mark of 500 MT freight loading on a cumulative basis in the first 4 months of this financial year (FY24), the Ministry of Railways said on Tuesday.
IBNS•Aug 02, 2023
PVR Inox reports Rs 44.1 cr net loss in Q1FY24
Mumbai: Multiplex chain PVR Inox reported a net loss of Rs 44.1 crore in the first quarter of FY24, a significant decline from the net profit of Rs 68.3 crore in the same quarter of the previous year, media reported.
IBNS•Aug 02, 2023
Indian Market: Sensex down over 400 points
Mumbai: The BSE Sensex on Wednesday tanked 418 pts to open at 66,064.41 as selling was witnessed across the board.
IBNS•Aug 02, 2023
Adani Total Gas registers 9% growth in Q1FY24 profit riding on CNG sales
Mumbai: Adani Total Gas reported a nearly 9% increase in first-quarter profit on August 1, primarily attributed to higher sales of compressed natural gas (CNG), Reuters reported.
IBNS•Aug 02, 2023
4,000 MW renewable energy power project being set up in Tamil Nadu
New Delhi: A new project has been approved under Green Energy Corridor Phase-II with the aim to set up 624 km of transmission lines and 2200 MVA capacity substations by the fiscal year 2025-26.
IBNS•Aug 02, 2023
50 MMT per annum of CO2 emissions can be averted through Green Hydrogen
New Delhi: The National Green Hydrogen Mission is expected to lead to the development of 5 MMT Green Hydrogen production capacity per annum by 2030.
IBNS•Aug 02, 2023
Reliance & Brookfield Asset Management sign MoU to make renewable power equipment in Australia
Mumbai: Reliance Industries and Brookfield Asset Management have signed a Memorandum of Understanding (MoU) to explore opportunities to manufacture renewable energy and decarbonization equipment in Australia.
IBNS•Aug 02, 2023
Growth of deposits and advances of PSBs improves by 15.8% in FY23
New Delhi: The growth of deposits and advances of PSBs has improved from 8.2% and 9.8% in FY2021-22 to 9.3% and 15.8% in FY2022-23.
IBNS•Aug 02, 2023
July GST collection grows 11% YoY to Rs 1,65,105 crore
New Delhi: The gross GST revenue collected in July stood at Rs 1,65,105 crore, up 11% higher than the GST revenues in the same month last year, the Ministry of Finance said on Tuesday.
IBNS•Aug 01, 2023
Two coal mines put up for auction on 1st day of 7th round of commercial auction
New Delhi: Two coal mines were put up for auction on Tuesday, the first day of the commercial auction, after the evaluation of bids for commercial mining, the Coal Ministry said in a statement.
IBNS•Aug 01, 2023
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