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.
#BoycottHyundai trends on Twitter over company's Kashmir post
Feb 07, 2022, at 08:08 pm
Mumbai/IBNS: #BoycottHyundai has started trending on Twitter as the Indian subsidiary of the multinational automotive manufacturer is facing public ire over a tweet by its Pakistan dealership on "Solidarity with Kashmir".
Feb 07, 2022, at 06:10 pm
Mumbai/IBNS: Hyundai India "is committed to the Indian market" and "we stand firmly for our strong ethos of respecting nationalism", the subsidiary of the multinational automotive manufacturer said in a statement after facing backlash over a tweet by its Pakistan dealership on "Solidarity with Kashmir".
Piaggio Vehicles inaugurates EV showroom in Jammu
Feb 06, 2022, at 03:11 pm
Jammu: Piaggio Vehicles Private Limited today inaugurated Jammu’s first Electric Vehicle experience centre, Ansari Electrik vehicles.
Paytm's net loss widens to Rs 778 cr; revenue grows 89 pc to Rs 1,456 cr
Feb 06, 2022, at 05:58 am
Mumbai/IBNS: Fintech company Paytm on Saturday said it has recorded a net loss of Rs 778 crore for the quarter ended December 31, 2021.
Bank of Baroda net profit doubles YoY in Q3FY22
Feb 06, 2022, at 04:54 am
Vadodra: Public sector lender Bank of Baroda said Saturday its net profit in the quarter ended December 2021 doubled to Rs 2,197 crore in Q3FY22 against Rs 1,061 crore in Q3FY21.
Facebook owner Meta sees biggest ever stock market loss in 18 years
Feb 05, 2022, at 04:59 am
American media magnate Mark Zuckerberg has come under fresh media glare after Facebook's owner Meta reported a drop in daily users globally from 1.930 billion to 1.929 billion.
S.M. Group launches Govvinda TMT Rebar, plans to produce 1,800 tons of sponge iron
Feb 05, 2022, at 12:40 am
Kolkata/IBNS: S.M. Group, an exporter, importer of minerals, ores and steel manufacturer, launched its new product GOVVINDA TMT Rebar and announced plans to expand production of sponge iron to 1,800 tons per annum by Dec.
SBI moves down 1.83 pc to Rs 530.20
Feb 04, 2022, at 11:00 pm
Mumbai/UNI: SBI on Friday declined 1.83 per cent to Rs 530.20, a major loser in the 30 scrips of the Bombay Stock Exchange (BSE).
Indian Market: Sensex drops 143.20 pts
Feb 04, 2022, at 10:51 pm
Mumbai/UNI: The BSE Sensex on Friday dropped further by 143.20 pts to settle at 58,664.82 on brisk selling in Realty, Auto, Energy and Finance stocks.
Bank of India Q3 consolidated net moves up by 63.19 pc
Feb 04, 2022, at 10:32 pm
Mumbai/UNI: Public sector, Bank of India has reported a rise of 63.19 pc in its Consolidated net profit for the quarter ended December 31, 2021 at Rs 996.04 crore as against net profit of Rs 610.37 crores for the quarter ended December 31, 2020.
Indian Market: Sensex recovers over 100 pts
Feb 04, 2022, at 07:15 pm
Mumbai/UNI: The BSE Sensex on Friday regained 138 pts at 58,926.07 as fresh buying was seen in Finance, Health Care and Industrials stocks.
India grants $500 million credit line to Sri Lanka to overcome fuel crisis
Feb 04, 2022, at 07:51 am
Colombo: India has extended $500 million credit line to Sri Lanka to buy fuel as the island nation grapples to tide over its worst financial criss in decades, media reports said.
RBI may hike reverse repo rate up to 0.25 pc in next week's policy, says report
Feb 04, 2022, at 06:36 am
New Delhi/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate at which it borrows money from the banks by up to 0.25 percent and leave the repo rate at which it lends money to the banks untouched, according to a British brokerage said on Thursday.
900 MW solar power project in Rajasthan stalled over high import duty on equipment
Feb 04, 2022, at 04:44 am
The 900-megawatt (MW) solar power project in Rajasthan has come to a halt after the companies behind the project decided to discontinue work citing bottlenecks and rising import prices, media reports said.
Tata Power to set up EV charging stations in partnership with Apollo Tyres
Feb 04, 2022, at 04:10 am
Mumbai: Tata Motors will set up electric vehicle charging stations at the commercial and passenger vehicle zones of Apollo Tyres across India as part of a strategic partnership between the two companies.
Indian Tea Association elects office bearers for 2021-22
Feb 04, 2022, at 01:52 am
Kolkata/IBNS: Nayantara Palchoudhuri, Director of Washabarie Tea, has been elected the Chairperson of Indian Tea Association for the year 2021-22 in a meeting of the trade body on Wednesday.
Gillette India starts marketing and selling electric grooming appliances brand Braun in India
Feb 03, 2022, at 09:43 pm
Kolkata/IBNS: Gillette India Limited (GIL) today announced that it has commenced marketing and selling of electric grooming appliances of Braun in India. Braun, a subsidiary of Procter & Gamble was founded in Germany in 1921 and manufactures both male and female grooming devices.
Sensex down by over 300 points
Feb 03, 2022, at 05:03 pm
Mumbai/UNI: Breaking the rally of the last three sessions, the BSE Sensex on Thursday tumbled down 306.67 pts at 59,251.66 as almost all sectoral indices were in red.
India's sovereign wealth fund NIIF invests in e-commerce company FirstCry: Report
Feb 03, 2022, at 02:35 pm
Bengaluru/IBNS: In a first, India’s sovereign wealth fund –the National Investment and Infrastructure Fund (NIIF) — has made an investment in the country's online economy with e-commerce company FirstCry, media reports said.