Piyush Goyal seeks industry inputs on FTAs, market access, reducing compliance burden
Jan 23, 2022, at 01:08 am
New Delhi/UNI: Minister of Commerce & Industry Piyush Goyal on Friday asked the Indian industry to inculcate a greater appetite for risk-taking, leverage the cost advantage as well as the trust advantage that it enjoys and partner with all stakeholders including Central and state governments to attract businesses to India and transform it into a global leader.
India targetting $500 billion export for 2022-23 fiscal
Jan 23, 2022, at 12:47 am
New Delhi/IBNS: India has changed its outlook on world trade owing to the challenges and possibilities presented by the Covid-19 pandemic and amid the changing scenario the country has set up a target of $500 billion exports for 2022-23 fiscal, a top government official has said.
ONGC appoints Anurag Sharma as CFO
Jan 23, 2022, at 12:41 am
Mumbai/UNI: State-run ONGC on Friday said it has appointed Anurag Sharma as its Chief Financial Officer.
Yes Bank net profit up 77 pc in Q3 at Rs 266 crore
Jan 23, 2022, at 12:36 am
New Delhi/UNI: Private lender Yes Bank on Saturday reported a 76.8 percent jump in its net profit at Rs 266.43 crore in the third quarter (Q3) of the current financial year as compared to Rs 150.71 crore in the corresponding period of FY21.
ICICI Bank Q3 net profit up 25 pc on robust interest income
Jan 23, 2022, at 12:34 am
New Delhi/UNI: Private lender ICICI Bank on Saturday reported a 25.38 percent year-on-year rise in its net profit for the quarter ending December 31, 2021, at Rs 6,194 crore.
Air India appoints Vikram Dev Dutt as CMD
Jan 22, 2022, at 07:49 am
Mumbai/IBNS: Air India on Friday appointed Vikram Dev Dutt as its chairman and managing director (CMD).
Vodafone Idea Q3FY22 loss widens to Rs 7,230.9 cr YoY; APU increases 5.2 pc QoQ
Jan 22, 2022, at 07:38 am
New Delhi/IBNS: Vodafone Idea on Friday said its consolidated losses for the Q3FY22 widened to Rs 7,230.9 crore from Rs 4,532.1 crore against the same quarter last year.
IATO seeks special status for tourism industry
Jan 22, 2022, at 06:11 am
New Delhi/UNI: Indian Association of Tour Operators (IATO), the apex inbound tour operators body, on Friday sought special status for the tourism industry.
IDBI Bank's Q3 PAT jumps 53 per cent to Rs 578 cr
Jan 22, 2022, at 04:29 am
Mumbai/UNI: Private sector lender IDBI Bank on Friday reported a 53 percent increase in standalone net profit for the quarter ended December 31, 2021 at Rs 578 crore on the back of higher net interest income.
Niti Aayog led study bats for priority sector lending tag to electric vehicles
Jan 22, 2022, at 04:22 am
New Delhi/UNI: The NITI Aayog along with Rocky Mountain Institute has sought priority sector lending status for electric two-wheelers, three-wheelers and commercial vehicles in the Reserve Bank of India’s (RBI) priority-sector lending guidelines which can help unlock EV financing market of Rs 40,000 crore by 2025 and achieve COP26 targets.
Reliance Q3FY22 Results: Net profit jumps 41 pc to Rs 18,549 cr
Jan 22, 2022, at 03:45 am
New Delhi/UNI: Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported 41 percent year-on-year jump in its consolidated net profit (attributable to owners of the company) to Rs 18,549 crore for the quarter ending December 31, 2021.
ONGC Videsh enters development stage in Brazil project
Jan 22, 2022, at 03:30 am
New Delhi/UNI: The overseas exploration and production arm of Oil and Natural Gas Corporation, ONGC Videsh (OVL) has entered the development stage in its Brazil offshore project BM-SEAL-4 with the Declaration of Commerciality (DoC), the company said on Friday. The company is a wholly owned subsidiary of ONGC, the national oil company of India.
Laurus Labs signs agreement with MPP for manufacturing Molnupiravir
Jan 22, 2022, at 03:12 am
Mumbai/UNI: Hyderabad-based Laurus Labs Limited on Friday said that it has signed an agreement with MPP (Medicine Patent Pool) for the manufacturing of the oral COVID-19 antiviral medication Molnupiravir.
Piyush Goyal sets target of 75 unicorns in run-up to 75th year of Independence
Jan 22, 2022, at 03:00 am
New Delhi/UNI: Minister of Commerce and Industry Piyush Goyal on Friday called upon the Information Technology enabled Service (ITES ) industry to aim for raising 75 unicorns in the 75 weeks to the 75th anniversary of India’s Independence next year.
JSW Steel Q3 PAT jumps 69 pc to Rs 4516 crore
Jan 22, 2022, at 02:04 am
Mumbai/UNI: Sajjan Jindal-led JSW Steel on Friday reported a 69.2 per cent increase in consolidated net profit for the quarter ended December 31, 2021 at Rs 4516 crore.
L&T Finance Holdings net up 12 pc in Q3
Jan 22, 2022, at 01:34 am
New Delhi/UNI: L&T Finance Holdings (LTFH) on Friday reported 12% year-on-year jump in its net profit to Rs 326 crore for the quarter ending December 31, 2021.
Indian Market: Sensex down 427.44 points
Jan 22, 2022, at 12:19 am
Mumbai/UNI: The BSE Sensex on Friday lost 427.44 points to settle below 60k at 59,037.18 following selling in telecom, IT and consumer durable stocks.
HDFC Life Insurance net profit grows 3.3 pc Y-o-Y in Q3FY22
Jan 21, 2022, at 10:43 pm
Mumbai/IBNS: HDFC Life Insurance on Friday reported a 3.3 percent year-on-year rise in net profit to Rs 273.7 crore for the October-December quarter.
Jan 21, 2022, at 08:30 pm
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Shoppers Stop reports Rs 77 cr net profit
Jan 21, 2022, at 08:13 pm
Mumbai/UNI: Retail chain Shoppers Stop has reported a consolidated net profit of Rs 77.32 crores for the quarter ended Dec 31, 2021 as against a net loss recorded in the corresponding period last fiscal.
Indian Market: Sensex still down over 600 pts
Jan 21, 2022, at 03:42 pm
Mumbai/UNI: The BSE Sensex continued to slid for the fourth straight session on Friday as it tanked 605.01 pts, below 59K at 58,859.61 in opening trade, as selling was seen across the board.
HUL Q3FY22 results: Net profit grows 16.76 pc to Rs 2,243 cr
Jan 21, 2022, at 07:55 am
Mumbai/IBNS: FMCG major Hindustan Unilever Ltd (HUL) thursday reported a standalone net profit of Rs 2,243 crore for the quarter ended December 2021, up 16.76 percent against Rs 1,921 crore year-ago period.
Walmart invites Indian sellers to join US marketplace
Jan 21, 2022, at 05:53 am
Bengaluru/UNI: Walmart is now inviting select Indian sellers to apply to join Walmart Marketplace, a curated sellers community that serves more than 120 million U.S. shoppers each month.
VST Industries Q3 revenue up 13.4 pc in FY22
Jan 21, 2022, at 05:48 am
Hyderabad/IBNS: VST Industries reported an improved quarterly performance in the Q3, FY22 by registering double digit growth in sales as well as profit, a statement said on Thursday.
Australia’s Blackmores announces Distribution Partnership
Jan 21, 2022, at 05:01 am
Sydney/Kolkata /IBNS: Australia based and internationally loved natural health and dietary supplements company, Blackmores, today announced a distribution partnership for its range of multivitamins products in India through udaan, India’s largest business-to-business (b2b) eCommerce platform.
Powerhouse91's wellness brand, Expertomind, grabs 80 pc market share in Amazon
Jan 21, 2022, at 04:51 am
Powerhouse91's wellness brand Exportmind, has captured an 80 percent market share on e-commerce platform Amazon.
MSME units are together capable of constituting a complete supply chain: MSME Secretary
Jan 21, 2022, at 03:46 am
New Delhi/IBNS: There is tremendous potential for Indian engineering MSMEs to be integrated into the Global Value Chain due to their manufacturing cost advantage, said B. B. Swain, Secretary, Ministry of MSME.
RIIL Q3 PAT dips marginally to Rs 2.33 crore
Jan 21, 2022, at 03:08 am
Mumbai/UNI: Reliance Industrial Infrastructure, a Reliance Group company, on Thursday reported a marginal decline in net profit for the quarter ended December 31, 2021 at Rs 2.33 crore from Rs 2.39 crore, a year-ago.
Instagram testing paid subscription for creators
Jan 21, 2022, at 02:58 am
San Francisco/UNI: Meta's photo-sharing platform Instagram has started testing its subscription feature that will help creators earn more in the US.
Auto component industry to see 15-17 pc revenue growth in FY22: Report
Jan 21, 2022, at 02:35 am
Mumbai/UNI: Owing to recovery in automobile sales, especially after a subdued performance in the last couple of years, auto component industry is expected to witness a 15-17 per cent revenue growth this fiscal year, a recent report said.