Browsing Category
Business News
Missing rural turnaround rains on consumer goods companies Q2 parade
Most consumer goods companies were gung-ho about a ‘rural turnaround’ in September quarter, but the numbers have proven their optimism to be misplaced.
Double-digit retail loan growth for SBI, BoB in Q2
As per latest available data SBI’s market share in home loans is 27.4% and in auto loans is 19.3%.
95% of customers use digital banking: Bandhan Bank CEO
The Kolkata-based private sector lender is focusing on diversification of asset portfolio, and aims to increase the share of housing loans to 30% by FY26
Whether 70 hours or not, sweat it out
Regarding personal finances, your ability to earn more can affect your long-term wealth. A lot of youngsters are planning to retire early.
State-owned IOC buys MPL for Rs 148 crore
MPL is having oil and gas exploration block located in Cambay Basin, Gujarat.
Protean eGov, ASK Auto IPOs hit market this week
Two more companies will be in the primary market this week to raise equity capital of around R1,300 crore through their initial public offers (IPOs).
As palm oil, sugar prices ease, biscuits and cakes become cheaper
After being forced to raise prices by 20-23%, Britannia has started implementing price cuts as some commodities prices have started declining.
Analysts slash profit estimates for Pizza Hut’s India franchisee after disappointing Q2.
A sharp decline in the company’s second quarter performance has prompted several analysts to revisit their estimates for the company’s full-year earnings.
China investigates former top bank official for suspected corruption
Zhang Hongli previously served as the vice chief of the Industrial and Commercial Bank of China (ICBC), one of the world's largest banks.
Air India adding 400 weekly winter flights
Expansion of routes will be aided by deliveries of more than 30 widebody and narrowbody aircraft to its fleet
Zomato reports second consecutive profitable quarter, net profit at Rs 36 cr
Zomato said the gross over value (GOV) growth in its core food delivery vertical was almost entirely led by growth in order volumes, while the average order value was largely flat.
Intel partners Indian manufacturers to boost laptop production
In a bid to make India an electronic manufacturing hub, the government came up with an incentive scheme for large electronics.
Apple earns record revenue in India, Tim Cook calls it ‘exciting market’
In April 2023, the US-tech giant Apple opened two stores in India at Mumbai and Delhi.
Dept. of Pension & Pensioners’ Welfare launches Digital Life Cert. Campaign 2.0 from Nov. 1-30
Nationwide Digital Life Certificate Campaign 2.0 is being organized at 500 locations in 100 cities in all States/ UTs of India.
India Cements’ loss mounts as company faces working capital crunch
ICL’s losses continued after the company’s plans to raise working capital from selling land parcels didn’t materialize.
Godrej Properties to shift its focus to project execution over new ventures for next two years
The most important objective going forward will be to get all of the recently added projects launched in the upcoming quarter, the company management said.
Govt clears 110 applications for laptop, PC imports
After getting overwhelming response for the PLI scheme for mobile manufacturing, the government came up with a revised Rs 17,000 crore PLI scheme for IT hardware in May 2023.
Cinthol maker says premium products continue to do well as mass offerings lag
In a trend also seen in case of others FMCG players, Godrej Consumer Products reported strong demand for premium and urban-centric products, while mass offerings continued to suffer from poor demand
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.
