Business News

Former CMs Omar Abdullah & Mehbooba Mufti issue conflicting statements on Pakistan backtracks

Washington, Nov 3 (UNI/Sputnik) The most significant challenge for the United States from China is the pace at which the latter is developing its technology in space, US Space Force Lt. Gen. Chance Saltzman said on Wednesday. "The most…

Moscow, Nov 3 (UNI/Sputnik) Five  people died in the crash of a Russian An-12 cargo plane near Irkutsk, and the fate of five more people remains uncertain, a spokesman for emergency services told Sputnik on Wednesday. "According to…

State Bank of India (SBI) on Wednesday reported a net profit of Rs 7,626 crore — the highest ever for the bank — for the quarter ended September 30, 2021, up 67 per cent from Rs 4,574 crore in the corresponding quarter of last year. The…

The services sector, which took the biggest hit when the Covid pandemic hit the country last year, staged a strong growth in October, driven by an uptick of demand and sentiments ahead of the festive season, a monthly survey said on…

The blockbuster week of initial public offerings (IPOs) came to an end on Wednesday with three IPOs – Policybazaar operator PB Fintech, SJS Enterprises and Sigachi Industries – which were launched earlier this week, got oversubscribed.…

The country’s largest lender State Bank of India (SBI) on Wednesday reported a 69 per cent jump in its consolidated net profit at Rs 8.889.84 crore for the second quarter ended September 30 on account of decline in bad loans. The bank’s…

New Delhi, Nov 3 (UNI) By Nirbhay Kumar;  Kashmiris traveling to and fro Srinagar and Sharjah have to spend extra time in travel, thanks to Pakistan's denial of overflight rights to the air service inaugurated with much fanfare about two…

New Delhi, Nov 3 (UNI) The Government has selected 42 companies under the PLI Scheme for White Goods proposed by the Department for Promotion of Industry & Internal Trade (DPIIT) which is the nodal department for this PLI scheme - air…

New Delhi: The virtual launch of think factory 'Security and Policy Initiatives' (SAPI) took place in the presence of former Governor (Chattisgarh) and former Defence Secretary Shekhar Dutt ( IAS Retd), Dr Sivathanu Pillai who is former…

New Delhi: State-run Hindustan Petroleum Corporation Ltd (HPCL) will be putting up a 370-tonne per annum capacity green Hydrogen plant in Vizag refinery and expects to commission it by December 2022, said its Chairman and Managing Director…

New Delhi: The Defence Acquisition Council (DAC), in its meeting held on Tuesday under the chairmanship of Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) for capital acquisition proposals for modernisation and…

Of the targeted Rs 61,000 crore debt resolution by the fiscal-end, IL&FS has resolved Rs 52,200 crore by October-end and will address another Rs 4,800 crore more by March-end 2022, the management said on Tuesday. The company is sitting…

The Reserve Bank on Tuesday announced a revised Prompt Corrective Action (PCA) framework for banks to enable supervisory intervention at an “appropriate time” and also act as a tool for effective market discipline. The new provisions will…

The RBI plans to launch a web-based and an end-to-end workflow automation system as part of a plan to introduce a prudential supervisory mechanism. Speaking at a BFSI summit, RBI Deputy Governor MK Jain said the system has been developed…

The RBI’s committee on asset reconstruction companies (ARCs) has recommended that ARCs should be allowed to participate in the Insolvency and Bankruptcy Code (IBC) process as a resolution applicant either through a security receipt (SR)…

Bharti Airtel on Tuesday beat Street estimates on the back of one-time spectrum sale gain and tariff increases undertaken in August. The telco’s Q2 consolidated net profit jumped 300 per cent quarter-on-quarter at Rs 1,134 crore, aided by a…

Glasgow/New Delhi, Nov 1 (UNI) Prime Minister Narendra Modi and UK Prime Minister Boris Johnson during their bilateral meeting on Monday agreed that their National Security Advisors will meet in London on November 3 to discuss the specific…

New Delhi, Nov 1 (UNI) Maruti Suzuki India Limited posted a robust recovery in total month-to-month sales of its vehicles at 138,335 units in October 2021, on the back of proactive measures taken to counter the impact of shortage of…

The petroleum Ministry has asked state-owned Oil and Natural Gas Corporation (ONGC) to consider offering up to a 60 per cent stake and operating rights over parts of key Mumbai High and Bassein and Satellites (B&S) oil and gas producing…