Browsing Category
Business News
Hindustan Copper Q1 net profit rises 54 per cent to Rs 46 crore
NEW DELHI: Hindustan Copper on Saturday reported a 53.6 per cent rise in consolidated net profit at Rs 45.63 crore for the quarter ended June 30, 2021.
The company had a consolidated net profit after tax and share of profit of…
Goyal calls for increasing handloom exports to Rs 10,000 crore in three years
NEW DELHI: Textiles Minister Piyush Goyal on Saturday called for increasing handloom exports to Rs 10,000 crore and doubling the production to Rs 1.25 lakh crore in the next three years with a view to promoting the growth of the sector. At…
Bank of Baroda clocks Q1 profit of Rs 1,209 crore
NEW DELHI: State-owned Bank of Baroda (BoB) on Saturday reported a standalone profit of Rs 1,208.63 crore during the quarter ended June 2021, helped by decline in bad loans provisioning.
The bank had posted a net loss of Rs 864 crore in…
Bitcoin Reaches highest price in Q2 at $44,500 despite fears of US crackdown
Moscow, Aug 8 (UNI/Sputnik) The price of Bitcoin continues to rise, hitting the highest level since mid-May at over $44,000 despite fears that the United States may pass cryptocurrency tax reporting legislation under the new Infrastructure…
How Often Do I Need to Wax My Car?
How often do you need to wax your car? This is easy to remember no matter your level of auto adeptness: If your vehicle is usually parked in a garage or otherwise sheltered from the elements, waxing it twice a year should be enough to…
Lenders to Future Group a worried lot
NEW DELHI: Lenders of cash-strapped Future Retail are the most worried lot with the Supreme Court’s ruling favouring Amazon in its long-running dispute with Kishore Biyani-led group on its merger deal with Reliance Limited.
As it is,…
Government took seven years to scrap retro tax because of ongoing court cases, says FM
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said that the government has to wait for seven years to scrap the retro tax as many cases were sub-judice at various platforms, the government could not make legislative changes and…
City Union Bank posts 12 per cent profit in Q1
NEW DELHI: Tamil Nadu-based City Union Bank (CUB) posted a net profit of Rs 173 crore in the April-June quarter of 2020-21, a 12% increase over Rs 154 crore in the same quarter last year. The bank, however, reported a decline in the total…
RBI’s calibrated liquidity normalisation
NEW DELHI: August’s policy meeting has tried to walk a tightrope in attempting to differentiate its liquidity manoeuvres from the accommodative policy rate stance, but economists say that the current stance may not prevail for too long. In…
India to partner G-20 countries on digitization for strong Economic Recovery
New Delhi, Aug 7 (UNI) India is looking forward to work with partner countries on shared priorities and collective efforts of the G-20 in building a resilient education system and leveraging digitisation for an inclusive economic…
What’s Causing That Smell in My Car?
If your vehicle is giving off an unusual or sickening odor instead of that instantly identifiable new-car smell, follow your nose and find the source of the aroma. Bad smells can lead to expensive repairs or health hazards and shouldn’t be…
Rita Hemrajani set to be next Managing Director of NHDC
New Delhi: Rita Hemrajani is set to be the next Managing Director (MD) of the National Handloom Development Corporation (NHDC), a PSU under the Ministry of Textile. She has been recommended for the post by the panel of Public Enterprises…
BPCL appoints V Ramakrishna Gupta as its Chief Financial Officer (CFO)
New Delhi: Bharat Petroleum Corporation Limited (BPCL) has appointed V Ramkrishana Gupta as Chief Financial Officer (CFO) of the company with effect from August 1. He has been appointed to the post in place of BPCL's former Director…
Satish Kumar Vaduguri set to be next Director (Marketing) of Indian Oil
New Delhi: Satish Kumar Vaduguri is set to be the next Director (Marketing) of Indian Oil Corporation Limited (IOCL), a Maharatna PSU under the Ministry of Petroleum & Natural Gas. He has been recommended for the post by a panel of the…
Indian Navy’s V Raja Sekhara Rao set to be CMD of NSC Ltd
New Delhi: V Raja Sekhara Rao is set to be the next Chairman & Managing Director (CMD) of National Seeds Corporation (NSC) Limited, a Miniratna PSU under the Ministry of Agriculture and Farmers Welfare. He has been recommended for the…
Gold tumbles Rs 283; silver declines by Rs 661
NEW DELHI: Gold in the national capital on Friday dipped by Rs 283 to Rs 46,570 per 10 gram amid weak international trends, according to HDFC Securities.
The precious metal had in the previous trade closed at Rs 46,853 per 10 gram.…
Digital currency model likely by the end of year: RBI
MUMBAI: The Reserve Bank expects to come out with a model for operations of fiat digital currencies by the end of the year, Deputy Governor T Rabi Sankar said on Friday.
He reiterated that the RBI is internally evaluating the possibility…
Focus on multimodal logistics key to drive growth: Experts
In a conversation with Prabhu Chawla, Editorial Director, The New Indian Express, author and senior journalist Kaveree Bamzai on TNIE’s Expressions — a series of webcast — sector experts such as Randhir Singh Kalsi, Executive Board Member,…
Huawei revenue sinks as smartphones hurt by US sanctions
BEIJING: Chinese tech giant Huawei's revenue fell 29.4 per cent from a year earlier in the first half of 2021 as smartphones sales tumbled under U.S. sanctions imposed in a fight with Beijing over technology and security.
Revenue…
RBI absorbs inflation heat to support growth
NEW DELHI: If one thing is clear from the August policy review, it is that the Reserve Bank of India (RBI) is now looking to move past its peak dovish stance. On Friday, the six-member Monetary Policy Committee (MPC) of the central bank…
