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Rice crops are in danger from El Nino, and the Ukraine crisis is already squeezing grain supply.
This year’s El Nino may amplify other woes for rice-producing countries, such as reduced availability of fertilizer due to the war and some countries’ export restrictions on rice.
TCS net profit up 17 per cent, beats estimates
Net profit at Rs 11,074 crore as against analysts’ prediction of about Rs 10,890 crore; sequentially profit down 2.8%.
HCL’s Q1 net profit rises by 7 percent to Rs 3,534 crore, revenue at Rs 26,296 crore
On a quarter-on-quarter basis, the net profit fell 11 per cent, when compared to Rs 3,983 crore earnings in January-March.
‘Vedanta will foray into chip making this year’
Its ambitious project to venture into semiconductor manufacturing faced a setback as Taiwanese electronics giant Foxconn pulled out from a joint venture with Vedanta Ltd.
Utility vehicles expected to see price increase after 2 per cent rise in cess
Some of the models which may see a price hike include Maruti Suzuki’s recently launched Invicto and Toyota’s Innova Crysta and Hycross Petrol.
GST Council Meet 2023: Utility vehicles to attract 22 per cent cess
NEW DELHI: The GST Council in its 50th meeting on Tuesday decided to do away with the differential rate of compensation cess on utility vehicles, and bring all such vehicles under the 22% rate. This necessarily means that multi-utility…
Never trust manufactured headlines: Cong after Foxconn withdraws from Vedanta joint venture
In a statement, Foxconn, the world's largest contract electronics maker, said it "has determined it will not move forward on the joint venture with Vedanta.
British carrier Virgin Atlantic says goodbye to Pak skies
The British airline began its operations at Islamabad Airport in December 2020 with seven weekly flights.
Adani row: SEBI disagrees with expert panel, says will take action if any violation found
SEBI indicated it does not agree with the expert committee's views and action will be taken if any violation is found/established.
Twitter rival Threads signs up 100 million users in five days
Twitter is thought to have around 200 million regular users but it has suffered repeated technical failures since Elon Musk bought the platform last year and sacked thousands of staff.
Twitter threatens legal action against Meta over Threads: Report
Twitter CEO Linda Yaccarino has also not publicly commented on Wednesday's letter, but seemingly appeared to address Threads' launch in a Thursday tweet.
Byju’s proposes to form committee to advise CEO
At the company’s extraordinary general meeting, Raveendran told shareholders that the committee will consist of independent directors.
TCS to train 25,000 engineers in GenAI
Nearly all executives (96%) recognise that generative AI is a key topic in the boardroom, with the majority confirming that their leadership are strong advocates.
‘High tomato prices inflate potato, onion rates’
Furthermore, among vegetables, the prices of the three key vegetables -tomato, onion and potato- are highly volatile.
Domestic market retreats from record high as interest rate hike fear looms
Investors are now worried that the Federal Reserve will increase interest rates later this month and keep them at elevated levels to bring down consumer inflation.
Reliance Retail to reduce share capital
According to analysts, this move will make it easy for the company to take decisions regarding any future restructuring, IPO, or mergers and acquisitions.
Markets trade with marginal gains amid weak trends in global equities
The 30-share BSE Sensex climbed 54.09 points to 65,500.13 in early trade. The NSE Nifty went up by 21.15 points to 19,419.65.
PFC extends financial assistance for BS-VI grade fuels of HPCL Rajasthan Refinery Project
New Delhi/Barmer: Power Finance Corporation Ltd. (PFC), a Maharatna Company and India's leading NBFC in the power sector has extended its financial Assistance for ₹ 9,187 cr to HPCL Rajasthan Refinery Ltd for its 9 MMTPA…
Market cap of BSE-listed firms surpasses Rs 300 lakh crore mark
Market value is more than India’s FY23 GDP and on a par with the FY24 GDP projection
REC extends Rs 4,785 Crore for HPCL Rajasthan Refinery’s 73k crore project in Barmer
New Delhi: HPCL Rajasthan Refinery Limited (HRRL) executed a loan agreement under consortium arrangement for Rs.48,625 crore wherein the share of state-run REC Ltd is ₹4,785 crore.
HRRL is setting up a green field refinery cum…