SEBI bars senior employees of AMCs from trading in Mutual Funds
Oct 30, 2021, at 05:59 am
Mumbai/IBNS: Senior employees and directors of asset management companies (AMCs) and their trustees have been prohibited by the Securities Exchange Board of India (SEBI) from buying or selling mutual fund units when they are in the position to gain access to any non-public information, such as winding up of schemes, media reports said.
RBI allows banks to open current account for customers availing credit from other banks
Oct 30, 2021, at 03:46 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has allowed banks to open current accounts for borrowers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system.
Tech Mahindra moves down by 3.44 pc to Rs 1480
Oct 30, 2021, at 01:36 am
Mumbai/UNI: Tech Mahindra on Friday tumbled down by 3.44 % to Rs 1480 a major loser in 30 scrips of BSE.
Indian Market: Sensex drops 677.77 pts
Oct 30, 2021, at 01:32 am
Mumbai/UNI: Extending losses for the third session in row on Friday, the BSE Sensex tanked 677.77 pts to close at 59,306.93 following heavy selling in Energy, IT and Technology stocks amid weak Asian Market.
Reliance Jio announces price of 4G budget smartphone JioPhone Next
Oct 30, 2021, at 12:57 am
Mumbai/IBNS: Reliance Jio announced Friday announced the prices of much awaited JioPhone Next. Customers can buy the JioPhone Next in India from Reliance Jio by just paying Rs 1,999, and pay the remaining amount through easy EMIs.
Output of India's eight core industries grows 4.4 percent in September
Oct 30, 2021, at 12:15 am
New Delhi: The output of eight core sectors grew 4.4 percent year-on-year in September 2021, primarily on low base and healthy performance by sectors such as natural gas and cement.
Union Finance Ministry approves 8.5 pc interest rate on provident fund for FY21: Report
Oct 29, 2021, at 11:28 pm
New Delhi/IBNS: The Union Finance Ministry on October 29 ratified an 8.5 percent interest rate for 2020-21 for provident fund, media reports said.
Oct 29, 2021, at 10:20 pm
Mumbai/IBNS: A division bench of Bombay High Court has delayed the next hearing in Zee Entertainment’s dispute against Invesco till November 29 on the issue of calling an Extraordinary General Meeting, according to media reports.
Ministry of Railways withdraw order asking IRCTC to share 50 percent convenience fee
Oct 29, 2021, at 09:00 pm
New Delhi/UNI/IBNS: A day after rail reservation monopoly Indian Railway Catering and Tourism Corporation Ltd (IRCTC) shocked investors saying it has been asked by the Ministry of Railways to share half of the convenience fee from November 1; the order has been withdrawn.
Oct 29, 2021, at 05:08 pm
New Delhi/UNI: Fuel prices hit a fresh high as oil marketing companies increased prices of petrol and diesel on Friday.
Tenure of RBI Guv Shaktikanta Das extended by three years
Oct 29, 2021, at 02:55 pm
New Delhi: The Indian government on Thursday extended the tenure of Reserve Bank of India Governor Shaktikanta Das by another three years.
Indigo records net loss of Rs 1,435.7 crore in Q2FY22
Oct 29, 2021, at 04:46 am
Mumbai/IBNS: Interglobe Aviation Ltd, which runs India's biggest airline IndiGo, reported a net loss of Rs 1,435.7 crore in the quarter ending September 30, 2021.
Oct 28, 2021, at 11:29 pm
Bengaluru/UNI: Paytm CEO Vijay Shekhar Sharma Thursday said the company set a lower price band for its IPO because the company believes in tons of people making money by investing in it.
Titan Q2FY22 results: Consolidated net profit soars four-fold to Rs 641 cr
Oct 28, 2021, at 09:26 pm
Mumbai/IBNS: Tata group company Titan reported a four-fold increase in consolidated net profit at Rs 641 crore for the September quarter compared with Rs 173 crore in the same quarter last year.
Oct 28, 2021, at 08:47 pm
Mumbai/IBNS: Cigarette-to-hotels conglomerate ITC Ltd. announced the financial results for the quarter ending September 30, 2021.
Oct 28, 2021, at 06:32 pm
New Delhi/UNI: Fuel prices hit a new all time high as oil marketing companies increased prices of petrol and diesel on Thursday.
Oct 28, 2021, at 07:06 am
Kolkata/IBNS: The Board of Directors of Kotak Mahindra Bank has approved the unaudited standalone and consolidated results for Q2FY22, at the Board meeting.
L&T Q2FY22 Result: Consolidated adjusted profit rises to Rs 1,723 cr; orders increase by 50 pc
Oct 28, 2021, at 04:50 am
Mumbai/IBNS: Engineering and infrastructure giant Larsen & Toubro has reported a 56 percent year-on-year growth in consolidated adjusted profit at Rs 1,723 crore in the September 2021 quarter.
Union Bank of India cuts home loan interest rate to all time low of 6.40 pc
Oct 28, 2021, at 04:08 am
Kolkata/IBNS: Union Bank of India today announced reduction in its Home Loan interest rates with minimum rate of Interest now starting at 6.40 percent. The reduced rate will be effective from October, 27.
IMFA Q2FY22 net profit jumps to Rs 144.93 cr from Rs 44.79 cr (YoY)
Oct 28, 2021, at 02:42 am
Kolkata/IBNS: Ferro alloys producer Indian Metals & Ferro Alloys Ltd (IMFA) on October 27 announced its quarterly results today for the period ending September 30th, 2021.
Jindal Stainless Ltd Q2FY22 result: Net profit soars 5 times to Rs 412 cr
Oct 28, 2021, at 02:01 am
Mumbai/IBNS: Jindal Stainless Limited's (JSL) profit after tax (PAT) or net profit for the quarter ended September 2021 stood at Rs 412 crore compared to Rs 81 crore of the same quarter last year, an increase of more than 5 times riding on strong sales and improved volume mix.
Merlin Group comes up with sports township in Kolkata, ties up with international icons
Oct 28, 2021, at 12:14 am
Kolkata/IBNS: Indian real estate conglomerate, Merlin Group, is coming up with a sports township in Kolkata's New Town, which falls under North 24 Parganas of West Bengal, tying up with international sports icons.
Indian Market: Sensex down 206.93 pts
Oct 28, 2021, at 12:03 am
Mumbai/UNI: Snapping a winning streak of last two sessions, the BSE Sensex on Wednesday slipped 206.83 pts to settle at 61,143.33 on profit booking by local operators.
Maruti's Q2FY22 profit tanks 65 pc y-o-y; revenue improves 10 pc to Rs 20,539 crore
Oct 27, 2021, at 11:17 pm
Gurgaon/IBNS: India’s largest passenger vehicle manufacturer, Maruti Suzuki India Limited (MSIL), announced its results on Wednesday for the quarter ended September 30.
Ayurvedic pet food is a reality: TABPS co-founder Brindha Prabhu GandhiKumar
Oct 27, 2021, at 10:24 pm
IBNS Correspondent Nitin Waghela catches up with TABPS Co-Founder Brindha Prabhu GandhiKumar to delve into the hustle of sustaining a pet nutrient venture.
RBI monetary penalty on two co-operative banks
Oct 27, 2021, at 08:17 pm
Mumbai/IBNS: Reserve Bank of India (RBI) on Tuesday imposed monetary penalty on two cooperative banks for not complying with its various rule violations.
Zee gets relief as Bombay High Court grants injunction against Invesco's call for EGM
Oct 27, 2021, at 05:47 am
Mumbai/IBNS: The Bombay High Court on October 26 offered relief to Zee Entertainment by passing a restraining order against Invesco's call for an extraordinary general meeting (EGM).
Aviation ministry to pitch for four fold increase in FY23 budgetary allocation: Report
Oct 27, 2021, at 04:04 am
New Delhi/IBNS: The Ministry of Civil Aviation and the Airports Authority of India expect 2022-23 to be a big year for the industry and estimate they will need a budgetary allocation of Rs 2,500 crore under the UDAN regional connectivity scheme in 2022-23, according to a Money Control report.
Coforge Q2 FY22 Revenue up 7.5% Q-on-Q in constant currency (CC) terms
Oct 26, 2021, at 11:52 pm
Kolkata/IBNS: Coforge Limited (NSE: COFORGE), a multinational global IT solutions company recorded its financial results for the quarter ended September 30 (Q2 FY’22).
India Market: Sensex up 383.21 pts
Oct 26, 2021, at 11:23 pm
Mumbai/UNI: The BSE Sensex on Tuesday added another gain of 383.21 pts, regaining 61K level to close at 61,350.26 following gains in Metal, Materials and Realty stocks.