Browsing Category
Business News
REC Declares its FIN. Results for Q2 & H1 FY24. Records Highest Ever Qly Profit at ₹3,773 Cr
Mumbai/New Delhi: REC limited, a ‘Maharatna’ company under the Ministry of Power, and registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC), on Wednesday,…
L&T forays into chip design with Rs 830 crore investment
He said its strategy is to focus on the “low investment” part of the supply chain. As per him, designs can be patented making the business more valuable.
Govt allows direct listing of Indian companies on foreign exchanges
The decision has been well-received by the industry experts, who believe this move will provide Indian companies more flexibility and access to overseas funds.
Bharti Airtel doesn’t want to charge more for 5G, wants overall tariffs to go up
India’s second largest telecom operator said it does not believe in charging more for 5G compared to 4G, but wants tariffs to continue to rise if the industry is to remain viable
Markets turn volatile after early trade, Tata Motors, Asian Paints, among list of gainers
Investor sentiments were cautious ahead of the US Federal Reserve's interest rate decision. Bharti Airtel, UltraTech Cement, Infosys, Mahindra & Mahindra, JSW Steel and Maruti were among the laggards.
Aequs raises Rs 448 cr in fresh funding
This follows an earlier round of Rs 225 crore that it raised in April 2023 led by Amicus Capital, which has also participated in the current round through its affiliates.
Sebi order against Goenka quashed
SAT order paves way for Goenka becoming managing director of Zee-Sony merged entity
Mamaearth raises Rs 765 cr from anchor investors
The market would keenly watch the response the beauty and personal company receives it is seeking a valuation of over Rs 10,000 crore.
Apple India net profit up 76 per cent to Rs 2,230 cr in FY23
Total expenses stood at Rs 46,444 crore and employee benefit expenses stood at Rs 2,199 crore compared to Rs 1,578 crore in the previous fiscal.
Adanis to invest Rs 4L cr in Mundra; To diversify into solar, wind energy
The official said almost all the solar panels made in Mundra is exported to the US and the remaining are sent to the world’s largest hybrid power park in Gujarat’s Khavda desert in Kutch district.
McDonald’s franchisee Westlife Foodworld leans South to power growth
Majority of new stores this year will be added in the South, the company said, adding that profitability is higher in some of the new towns than in Mumbai.
Rupee trades in narrow range against US dollar in early trade
Forex traders said the rupee is trading in a narrow range as sustained foreign fund outflows and strength of the American currency in the overseas market weighed on investor sentiments.
Lentil imports from Canada take a hit post diplomatic row
Imports between April and August from Australia increased to 3.11 LT, while imports from Canada stood at 2.8 LT despite lower price there.
NTPC Q2 profit rises 38 per cent at Rs 4,726 crore on account of higher revenues
Total income increased to Rs 45,384.64 crore in the quarter from Rs 44,681.50 crore in the same period a year ago.
BPCL Q2 net profit rises to Rs 8,243.55 cr as marketing margins improves
The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high last y
Vodafone Idea to invest big in 5G rollout: KM Birla
“We at Jio unleashed the fastest rollout of 5G witnessed anywhere in the world.
UltraTech to invest Rs 13,000 cr for 22 mtpa capacity expansion
The expansion will be funded by internal resources, according to the exchange filings by the company.
Data protection rules likely soon: Vaishnaw
Speaking to the reporters, he said in parallel, data architecture required for the data protection board is also being prepared.
Deepening ties: India’s bilateral trade with Riyadh at all-time high
Saudi Arabia is pursuing an economic diversification strategy beyond hydrocarbons to newer domains exploring innovative investment tools and new collaborations from across the world.
Murthy’s 70-hour week comment for youth sparks nationwide debate
Disagreeing with Murthy, upGrad founder Ronnie Screwvala in a post said boosting productivity isn’t just about working longer hours.
