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.
Finance
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
July coal production goes up by 14.11% to 68.75 MT
New Delhi: India’s overall July coal production registered a 14.11% surge, reaching 68.75 Million Tonne (MT), compared to 60.25 MT in the corresponding period in last year, according to the Ministry of Coal.
Maruti Suzuki's July sales rise 3% to 1,81,630 units
New Delhi: Maruti Suzuki India witnessed a 3% rise in total sales, reaching 181,630 units in July, primarily driven by the growing demand for its utility vehicle range.
Akasa Air expands international ambitions with addition of 20th aircraft to fleet
Bengaluru: India’s newest carrier, Akasa Air, announced on Tuesday the addition of the 20th jet to its fleet, ushering it into the league of international airlines in India.
Shriram General Insurance Q1FY24 net profit rises 37 per cent on digital sales
Kolkata: Shriram General Insurance Company (SGIC) on Tuesday said it wrote 13,03,340 policies driven by higher digital selling of traditional and new combo products.
Tata Motors registers total sales of 80,633 units in July 2023
Automobile major Tata Motors Limited on Tuesday said sales in the domestic and international market for July 2023 stood at 80,633 vehicles, compared to 81,790 units during July 2022.
Bosch Limited registers 12.8 percent profit before tax in Q1 FY 2023-24
Bengaluru: Bosch Limited, a supplier of technology and services,on Tuesday posted its total revenue from operations of INR 4,158 crores (466 million euros) in Quarter 1 of FY 2023–24, an increase of 17.3 percent over the same quarter last year.
Microsoft appoints Puneet Chandok to lead India operations
New Delhi: Microsoft on Tuesday announced Puneet Chandok’s appointment as Corporate Vice President of Microsoft India and South Asia.
Suzuki Motorcycle India records highest-ever unit sales of 107,836 units in July 2023
New Delhi: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation has achieved a significant monthly sales milestone by recording an overall sale of 107,836 units in July 2023.