Garden Reach Shipbuilders reports 10 pc YoY growth in net profit in Q3FY22
Feb 12, 2022, at 05:38 am
Defence PSU Garden Reach Shipbuilders Ltd (GRSE) on Friday reported a net profit of Rs 6,294.52 lakh, up 10 percent year-on-year against Rs 5,762.14 lakh in the corresponding quarter last fiscal.
Over 900K EVs on road in India: Centre
Feb 12, 2022, at 03:31 am
New Delhi/IBNS: There are 966,363 electric vehicles on road across the country, Minister of State for Heavy Industries informed parliament on Friday.
Amara Raja Batteries Q3FY22 net profit down 25 pc YoY to Rs 145 cr
Feb 12, 2022, at 03:00 am
Mumbai: Amara Raja Batteries Ltd on Thursday reported a standalone net profit of Rs 144.65 crore in December 2021, down 25.13 percent from Rs 193.19 crore in December 2020.
Feb 12, 2022, at 01:38 am
New Delhi/IBNS: The Centre on Friday approved 20 companies, who had applied for the Production Linked Incentive (PLI) Scheme for the automobile and automobile component industry under the “Champion OEM Incentive Scheme”.
Tata Sons extends N Chandrasekaran's term as chairman for 5 years
Feb 11, 2022, at 10:24 pm
Mumbai: The board of Tata Sons on Friday announced the extension of the tenure of chairman N Chandrasekaran for a period of five years.
LIC IPO: Filing of DRHP with SEBI likely on Feb 11, says report
Feb 11, 2022, at 07:49 am
Mumbai: The Draft Red Herring Prospectus (DRHP) of India's most awaited initial public offering (IPO) by Life Insurance Corporation of India is expected to be filed with SEBI on February 11, sources told CNBC-TV18.
ACC wins bid for Kannur Limestone Block in Karnataka
Feb 11, 2022, at 06:15 am
Mumbai: ACC Ltd has won the bid for Kannur Limestone Block in the Wadi area of Karnataka's Kalburgi district in an e-auction conducted by Karnataka government's Department of Mines & Geology.
Retail and travel sectors observe a dip amid third wave curbs: Study
Feb 11, 2022, at 05:05 am
Bengaluru: Online hiring demand saw a 10 percent annual incline, indicating an encouraging outlook on jobs in India, revealed a study by job search website Monster.com.
Daikin India aiming at bigger export target after PLI push
Feb 11, 2022, at 02:11 am
Kolkata: Japanese air conditioning manufacturer Daikin is ramping up its manufacturing capacity in India with a third factory in the country to supply the Middle East, African, and Latin American markets and cater to the growing Indian market.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
Feb 10, 2022, at 06:07 pm
New Delhi/UNI: On expected lines, the Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 4 percent to support economic growth.
RBI may keep the key rates unchanged in first policy review after Budget 2022: Report
Feb 10, 2022, at 06:52 am
Mumbai/IBNS: The Reserve Bank of India (RBI) may keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns, ANI reported.
Aggregate provisioning for NPAs increases in Dec qtr led by PSUs: Report
Feb 10, 2022, at 04:24 am
The total money allocated for bad loan provisioning increased in the third quarter of the current financial year, mainly on account of the PSU banks which focused on improving the provisioning coverage ratio (PCR), sequentially, media reports said.
With 25 lakh interviews in the last qtr, Kolkata among top destinations for professionals
Feb 10, 2022, at 01:17 am
With around 12 lakh job openings, Kolkata recorded more than 25 lakh plus interviews (September December’2021) for various job roles across sectors and industries, emerging as a popular destination amongst job seekers, according to apna.co.
State Bank of India partners with NSE Academy to launch five online courses
Feb 09, 2022, at 11:38 pm
New Delhi: The State Bank of India (SBI), a leading Banking and Financial Services Group in India through its Strategic Training Unit is proud to announce their partnership with NSE Academy that promotes financial literacy as a necessary life skill.
Aditya Birla Health Insurance inks Bancassurance Partnership with Utkarsh Small Finance Bank
Feb 09, 2022, at 10:59 pm
New Delhi: Aditya Birla Health Insurance Co. Limited. (ABHICL), the health insurance subsidiary of Aditya Birla Capital Limited (ABCL), a significant non-bank financial services conglomerate on Tuesday announced its bancassurance partnership with Utkarsh Small Finance Bank, one of the leading Small Finance Bank in the country, for the distribution of health insurance products through the Bank’s network of branches Pan-India.
Feb 09, 2022, at 10:12 pm
New Delhi: ICICI Bank on Wednesday announced that it has made ‘InstaBIZ’ interoperable, making the benefits of its business banking mobile app available to all merchants including customers of other banks.
L&T's construction arm bags 'significant' contract in Bangladesh
Feb 09, 2022, at 10:08 pm
New Delhi/IBNS: Larsen & Toubro on Wednesday said its construction arm has bagged a 'significant' contract fom the Bangladesh Hi-Tech Park Authority to construct Hi-Tech IT Parks at eight locations across the country. This project is being funded by the Indian EXIM Bank and is the first IT & Office Space order that L&T has secured in Bangladesh.
L&T & Microsoft sign landmark deal to develop regulated sector cloud offering
Feb 09, 2022, at 09:42 pm
New Delhi/IBNS: Larsen & Toubro (L&T) and Microsoft India have signed a Memorandum of Understanding (MoU) to develop a regulated sector focused cloud offering to empower customers with the best-of-breed cloud computing and infrastructure services.
Joyville Shapoorji Housing ropes in Sourav Ganguly as its brand ambassador
Feb 09, 2022, at 09:27 pm
Kolkata/IBNS: Joyville Shapoorji Housing, aspirational housing brand owned by the Shapoorji Pallonji Group, has roped in the former captain of the Indian cricket team Sourav Ganguly as its brand ambassador.
Johnson & Johnson temporarily halts making COVID-19 vaccine: Report
Feb 09, 2022, at 09:07 pm
Johnson & Johnson has paused late last year the production in its only plant making usable batches of COVID-19 vaccine in the Dutch city of Leiden, where it is now making an experimental but potentially more profitable vaccine to protect against an unrelated virus, according to a New York Times report.
Kolkata-based condiment manufacturer Prakash Spices launches D2C store
Feb 09, 2022, at 06:40 pm
Kolkata/IBNS: Prakash Spices has recently launched their online direct-to-consumer (D2C) store to widen accessibility of its products like spices, and herbal cosmetics.
IRCTC's Q3FY22 net profit jumps 167 pc to Rs 209 cr
Feb 09, 2022, at 07:49 am
Mumbai/IBNS: Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday said it has registered a 167.41 percent year-on-year (YoY) rise in its net profit for the third quarter of FY22 at Rs 208.80 crore.
mjunction’s Jorhat Tea e-marketplace brings Assam tea closer to medium and small buyers
Feb 09, 2022, at 06:06 am
Kolkata/IBNS: Launched amid the pandemic in collaboration with Tea Board of India, this e-marketplace braved the complexities and business challenges to bring about a sea change in the trade, especially for small buyers.
Airtel Q3FY22: Net profit down by 3 pc to Rs 830 cr
Feb 09, 2022, at 05:26 am
Telecom major Airtel reported a fall in its net profit after exceptional items by 2.8 percent to Rs 830 crore for the Q3FY22 against Rs 854 crore in the corresponding quarter last year.
JSL reports Q3FY22: Consolidated net profit jumps 160 pc YoY to Rs 442 cr
Feb 09, 2022, at 04:13 am
Jindal Stainless Limited (JSL) reported a consolidated net profit of Rs 442 crore in the quarter ending December 2021, up 160 percent YoY compared to the same period last year.
Feb 08, 2022, at 11:55 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate while keeping the existing repo rate intact in order to reduce the liquidity in the market it had infused to push business activity amid Covid-19 last year, according to economists.
Feb 08, 2022, at 10:22 pm
New Delhi/IBNS: After #BoycottHyundai started trending on Twitter over a "Solidarity with Kashmir" tweet by Hyundai's Pakistan dealership, the company in India has issued a fresh statement, stating that it doesn't comment on political or social issues in any region and the statement on Kashmir made by the independently-owned distributor in Pakistan has been removed.
Union Bank Q3FY22: Net Profit jumps 49 pc YoY to Rs 1,085 cr
Feb 08, 2022, at 09:35 pm
Public sector lender Union Bank reported a Net Profit of Rs 1,085 crore, up 49.29 percent in Q3FY22 compared to Rs 727 crore in the same quarter last year.
Gautam Adani overtakes Mukesh Ambani to become Asia's richest person
Feb 08, 2022, at 06:24 pm
Mumbai/IBNS: Billionaire businessman Gautam Adani overtook his closest competitor in the Indian market, Mukesh Ambani, to become Asia's richest person, media reports said.
TVS registers highest ever revenue, EBITDA, Profit in Q3
Feb 07, 2022, at 11:58 pm
Chennai/UNI: TVS Motor Company reported highest ever operating revenue of Rs.5,706 crores in the third quarter of 2021-22 as against Rs. 5,391 crores in the same period last year.