Motherson Sumi Wiring India Q4FY24 PAT grows 38% 191 cr
May 17, 2024, at 02:00 am
Mumbai: Motherson Sumi Wiring India announced a 38% increase in fourth-quarter profit on Thursday, attributed to robust demand in the automotive sector.
ITI Ltd bags LoIs worth Rs 37.5 cr for Solar Street light Systems in Bihar
May 17, 2024, at 01:42 am
Bengaluru/Naini: ITI Limited, the country’s first PSU post-independence and premier telecom manufacturing company has received LoIs worth Rs. 37.5 Crores from Bihar Renewable Energy Development Authority (BREDA) for the installation of Solar Street light Systems.
Indian fintech firm Phone Pe begins its journey in Sri Lanka
May 16, 2024, at 09:48 pm
Indian fintech major PhonePe on Wednesday it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points.
India registers record $778 billion export in 2023-24
May 16, 2024, at 07:57 pm
New Delhi/IBNS: India registered record exports in the just concluded fiscal year 2023-24 at USD 778 billion, ANI reported, citing sources in the commerce ministry.
May 16, 2024, at 07:14 pm
Mumbai/IBNS: American private investment firm Bain Capital and Singapore-based Temasek have partnered to compete with Blackstone-led consortium for a majority stake in Haldiram Snacks Food, potentially India's largest private equity purchase to date, reports Economic Times.
Shyam Metalics FY24 PAT grows 22% YoY to Rs 1034.79 cr
May 16, 2024, at 06:44 am
Kolkata: Shyam Metalics has reported a Consolidated Profit After Tax of Rs. 220 crores for Q4FY24 against Rs. 126 crores for Q3FY24. Further, the Consolidated Profit After Tax for FY24 was Rs. 1,029 crores against Rs. 843 crores for FY23.
Power Finance Corporation Q4FY24 PAT grows 23% YoY to Rs 7,556 cr; NII grows 22%
May 16, 2024, at 05:00 am
New Delhi: Power Finance Corporation (PFC) on Wednesday announced a consolidated net profit of Rs 7,556 crore for the fourth quarter of FY24, an over 23 percent year-on-year (Y-o-Y) jump.
US inflation eases, grows by 0.3% in April, core CPI also cools
May 16, 2024, at 04:55 am
Washington: US inflation showed signs of easing as the growth was less than anticipated, indicating a continuation of its downward trajectory at the beginning of the second quarter.
HDFC Life Insurance declares record bonus of Rs 3,722 cr to policyholders
May 16, 2024, at 02:26 am
Mumbai: HDFC Life Insurance on Wednesday declared its highest-ever bonus of Rs 3,722 crore on participating plans to nearly 22.23 lakh policyholders.
Cipla promoters sell 2.53% stake in company for Rs 2,637 cr
May 15, 2024, at 10:18 pm
Mumbai: The promoters of Cipla have sold a 2.53% stake in the company for 'creating liquidity' for specific needs including 'philanthropy', the Mumbai headquartered pharma major said on Wednesday.
May 15, 2024, at 10:10 pm
Mumbai: The domestic benchmark indices opened positively on Wednesday, driven by strong global cues.
India's palm oil imports jump 34% in Apr to 684,000 tonnes: Report
May 15, 2024, at 09:52 pm
New Delhi: India saw a significant increase of 34.11% in palm oil imports in April, reaching 684,000 tonnes, according to the Solvent Extractors' Association of India (SEA).
State Bank of India raises fixed deposit rates for retail and bulk deposits
May 15, 2024, at 09:49 pm
Mumbai: The State Bank of India (SBI) has hiked rates of its fixed deposit interest for specific tenures on retail deposits, up to Rs 2 crore, and bulk deposits, above Rs 2 crore.
May 15, 2024, at 06:21 am
Mumbai: A consortium led by Blackstone, the Abu Dhabi Investment Authority (ADIA) and Singapore's GIC has submitted a non-binding bid to acquire a controlling stake in Haldiram Snacks Food Pvt Ltd (HSFPL), one of India's largest snack and convenience foods companies, reported the Economic Times.
Rulka Electricals Limited IPO opens May 16; price band fixed at Rs 223-235
May 15, 2024, at 06:07 am
Mumbai: Integrated electrical services company Rulka Electricals Ltd will launch its initial public offering (IPO) will open on Thursday, May 16, 2024.
Patanjali Foods Q4FY24 profit drops 22% to Rs 206 cr due to weak demand
May 15, 2024, at 06:00 am
Mumbai: Patanjali Foods, co-founded by Yoga guru Baba Ramdev and Acharya Balkrishna, reported a 22% drop in fourth-quarter profit on Tuesday, mainly due to weak demand that hurt overall sales in its core edible oils business and rising expenses.
CBI arrests DHFL Director Dheeraj Wadhawan in Rs 34,000 cr bank fraud case
May 15, 2024, at 05:40 am
Mumbai: The CBI has arrested former DHFL Director Dheeraj Wadhawan for allegedly defrauding a 17-member bank consortium of Rs 34,000 crore, media reported, citing officials.
AJAX Engineering becomes first Indian concreting equipment manufacturer to export Slip-form Paver
May 15, 2024, at 05:13 am
Kolkata: AJAX Engineering, India's premier concreting equipment manufacturer, becomes the country’s first manufacturer to export Slip-form Pavers, a specialised heavy concrete equipment utilised primarily in large scale infrastructure projects for the efficient and precise laying of concrete.
Debt-ridden Pakistan readies to privatise all state-run companies, except strategic ones: Reports
May 15, 2024, at 04:54 am
Islamabad: Debt-ridden Pakistan has decided to privatise all state-run enterprises, except strategic ones, broadening its earlier decision to offload stakes only in loss-making companies, media reports said.
Zomato reports Rs 175 cr net profit in Q4FY24, ESOP cost doubles YoY
May 15, 2024, at 03:44 am
Mumbai: Zomato, which reported a net profit of Rs 175 crore for the January-March period (Q4FY24) on Tuesday, marked a significant turnaround from the net loss of Rs 188 crore in the same quarter the previous year.
May 15, 2024, at 02:24 am
Kolkata: Emphasising the goal of 'Viksit Bharat' (developed India) by 2047, as envisioned by Prime Minister Narendra Modi, External Affairs Minister S Jaishankar on Tuesday urged business associations to partner with the government to ensure the revival of the country's manufacturing sector with the target of surpassing USD 30 trillion GDP.
IMF Chief says AI impact on labour forces to be like 'tsunami': Report
May 14, 2024, at 10:43 pm
Zurich (Switzerland): Artificial intelligence (AI) is geared up to change the global labour market in a significant manner, comparable to a “tsunami”, said International Monetary Fund Managing Director Kristalina Georgieva, media reported.
Amazon injects Rs 1,660 cr into its Indian marketplace unit
May 14, 2024, at 10:36 pm
Mumbai: Amazon Seller Services' US parent company has injected a new equity investment of Rs 1,660 crore ($199 million) into the firm that operates Amazon's marketplace in India, according to a regulatory filing.
India’s ambitions can foster complementarity with China, reports Global Times
May 14, 2024, at 07:11 pm
New Delhi/IBNS: There has been no shortage of pessimism regarding economic and trade relations between India and China, as Chinese companies are bearing the brunt of the most severe crackdown due to New Delhi's "tendency to generalize security issues in its China trade policy", though the latest data may indicate a different trend, serving as a reminder not to overlook the complementary strengths of both economies, according to a report by the Chinese Communist Party (CCP)-owned Global Times.
India's retail inflation eases to 11-month low of 4.83% in April
May 14, 2024, at 05:39 pm
Mumbai/IBNS: India's retail inflation slightly eased to an 11-month low of 4.83 percent in April, compared to 4.85 percent recorded in the previous month, as prices of some kitchen items dropped though overall food basket firmed up marginally, according to a government data released on Monday (May 13).
State Bank of India is now the first bank to become Trading cum Clearing (TCM) Member of IIBX
May 13, 2024, at 11:30 pm
The country’s largest commercial bank, State Bank of India (SBI) has announced that it has secured the distinction of being the first bank to become a Trading cum Clearing (TCM) Member at India International Bullion Exchange.
China surpasses US to become India's largest trading partner in FY24: Reports
May 13, 2024, at 09:56 pm
New Delhi/IBNS: Replacing the United States, China has become the largest trading partner of India for the fiscal year 2023-24, reports said.
TVS Motor Company introduces new variants to the TVS iQube portfolio, check out the price
May 13, 2024, at 09:48 pm
Automobile manufacturer TVS Motor Company on Monday launched a new variant of the TVS iQube with 2.2 kWh battery.
Sufficient measures in place to meet peak power demand in May, June: Govt
May 13, 2024, at 05:37 am
New Delhi: The government has implemented sufficient measures to address the projected peak power demand of 235 GW in May and 240 GW in June, an official statement said.
India's defence sector holds prospect of USD 138 billion from FY24 to FY32
May 13, 2024, at 05:30 am
New Delhi: Amid increasing demand for defence equipment, technologies, and services, India's defence sector holds a substantial ordering prospect of nearly USD 138 billion from FY24 to FY32 for companies involved in defence production and technology advancement, according to a report titled 'India Defence' by Nomura.