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HDFC Bank Q2 profit rises by 17.6 per cent to Rs 8,834 crore
NEW DELHI: Private sector lender HDFC Bank has reported standalone profit at Rs 8,834.31 crore for the quarter ended September 2021, registering a growth of 17.6 per cent against the same period last fiscal. The sequential growth in profit…
Bull run expected to continue this week amid strong quarterly earning show
NEW DELHI: The market scaled new highs last week with the Nifty50 surpassing 18,000 and the BSE Sensex scaling above the 61,000-mark for the first time. The 30-share index added 1,246.89 points or 2.08% to end the Friday session at record…
Scanning asset classes to find solution
With the Equity Markets rising as though pumped by steroids, there seems to be a feeling of uneasy giddiness among many market participants, of the kind one feels while riding a roller-coaster. While the upward ride is exhilarating, it…
NASA launches first space probe toward Jupiter’s Trojan Asteroids
Moscow, Oct 17 (UNI/Sputnik) NASA launched a trailblazing asteroid explorer to Trojan asteroids circling the sun in Jupiter's path, in what is the first mission to study the primordial material that formed our solar system.
The probe,…
M&A deals hit record USD 30 billion in July-September ’21, says Grant Thornton
NEW DELHI: The Indian deal market is buzzing again with action as the concerns of pandemic die down, and economic activities getting back to normal faster than expected. According to Grant Thornton Bharat Dealtracker, a record 597 deals…
Air India’s ground handling business up for sale next, says DIPAM secretary
NEW DELHI: What happens to the special purpose vehicle (SPV) — Air India Asset Holding Ltd (AIAHL) — created by the government to hold some of the assets and liabilities of Air India, after the latter’s privatisation?
Tuhin Kanta Pandey,…
L&T forays into EdTech space, launches learning app
NEW DELHI: Engineering and construction major L&T has entered the lucrative education Technology (EdTech) sector with the launch of L&T EduTech, an application-based learning platform, which will provide practical-oriented…
Aluminium makers face coal shortage, send SOS
NEW DELHI: The ongoing coal crisis has taken its toll not just on the power sector, but also on non-power sectors especially the aluminium industry. A day after Coal India decided to temporarily halt fuel supply to non-power sectors, the…
5 SUVs in top 10 passenger vehicles sold in India
NEW DELHI: Few years back India’s top 10 list was entirely dominated by hatchbacks and entry level sedans that were easy on pocket and delivered high mileage. Then came Hyundai’s Creta and Maruti Suzuki’s Brezza. The two SUVs became a…
India offers spectrum of opportunities: FM Sitharaman tells US CEOs
WASHINGTON: India offers a spectrum of opportunities to investors and business firms, Finance Minister Nirmala Sitharaman told executives of top American companies as she met and apprised them of various flagship programmes of the Indian…
‘Challenging operating environment’: Microsoft to shut down LinkedIn in China year end
REDMOND: Microsoft is shutting down its LinkedIn service in China later this year after censorship rules were tightened by Beijing.
The company said in a blog post Thursday it has faced “a significantly more challenging operating…
TNIE Expressions: ‘Pharma sector needs Government push’, says Secretary General of IDMA
Government support is needed on various tax benefits for innovation and research in the pharma manufacturing space, says Daara B Patel, Secretary General, Indian Drug Manufacturers’ Association (IDMA), during an interaction with the…
COVID pandemic is exacerbating poverty and inequalities: International Monetary Fund
WASHINGTON: The emergence of new coronavirus variants has increased uncertainty, posing downside risks to the green shoots of the global economy, the International Monetary Fund said Thursday while ruing that the crisis is exacerbating…
No shortage of anything; reports of coal crisis baseless
BOSTON: Amid reports of the ongoing coal shortage in the country, Finance Minister Nirmala Sitharaman stressed that there is no shortage and termed these as "absolutely baseless", saying India is a power surplus country.
Sitharaman said…
NLC India making efforts to ramp up coal output
NEW DELHI: State-owned NLC India is making efforts to ramp coal output from one of its mines in Odisha to up to 10 million tonnes per annum this year.
The company aims to increase the coal production to up to 20 Million Tonnes Per Annum…
CarDekho raises USD 250 million to accelerate growth
NEW DELHI: Car search platform CarDekho on Wednesday said it has raised USD 250 million (around Rs 1,881 crore) at a valuation of USD 1.2 billion.
The Jaipur-based firm said it has raised USD 200 million in Series E funding and USD 50…
Reliance to invest in NexWafe as strategic lead investor
NEW DELHI: Billionaire Mukesh Ambani's Reliance Industries has invested EUR 25 million in German solar wafer maker NexWafe GmbH to use the firm's technology to set up giga-scale wafer manufacturing facilities in India.
"NexWafe GmbH…
Sensex rallies 453 points to new closing peak above 60700-mark
MUMBAI: Equity benchmark Sensex soared 453 points to touch a new closing high of 60,737 on Wednesday, tracking gains in index heavyweights Reliance Industries, ITC and Infosys amid a positive trend in global markets.
After scaling a…
Industrial production (IIP) grows 11.9 per cent in August, shows recovery on firm footing
New Delhi, Oct 12 (UNI) The Index of Industrial Production (IIP) rose 11.9 per cent year-on-year in August, 2021 as compared to 11.5 per cent in July showing economic recovery on firm footing post second wave of pandemic.
As per data…
PFC gets Maharatna status; march towards more financial autonomy
New Delhi, Oct 12 (UNI) The government has granted ‘Maharatna’ status to Power Finance Corporation Ltd (PFC) giving the state-owned company greater operational and financial autonomy.
Incorporated in 1986, PFC is the largest infrastructure…
