PM Economic Advisory Council chairman Bibek Debroy passes away at 69
Nov 01, 2024, at 04:35 pm
New Delhi/IBNS: Bibek Debroy, the chairman of the Economic Advisory Council to the Prime Minister, passed away at the age of 69 on Friday, media reports said.
PepsiCo franchisee Varun Beverages to tap markets for Rs 7,500 cr QIP in November: Report
Oct 31, 2024, at 08:28 pm
Mumbai/IBNS: Billionaire Ravi Jaipuria's Varun Beverages Limited, PepsiCo's largest bottling partner in India, plans to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP) to attract funds from institutional investors, Moneycontrol reported on Thursday (Oct. 31), citing its sources.
India shines in gold purchases, outpaces China by 51% in 3 months
Oct 31, 2024, at 08:25 pm
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.
HDFC Bank's NBFC arm HDB Financial Services files papers for Rs 12,500 crore IPO
Oct 31, 2024, at 07:44 pm
Mumbai/IBNS: HDFC Bank announced on Thursday (Oct. 31) that its non-banking financial arm HDB Financial Services filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a potential IPO of up to Rs 12,500 crore (approximately $1.49 billion).
Swiggy IPO gets bids worth more than $15 billion from Norges, Fidelity, other big investors: Report
Oct 31, 2024, at 07:09 pm
Bengaluru/IBNS: Major investors, including Norway’s sovereign wealth fund Norges and Fidelity, have placed bids exceeding $15 billion for Swiggy’s IPO, which is set to be launched next week, Reuters reported, citing its sources on Thursday (Oct. 31).
Oct 31, 2024, at 05:15 am
Mumbai: Aditya Birla Capital Ltd (ABCL) reported a remarkable 42% year-on-year increase in consolidated net profit for Q2 FY25, reaching Rs 1,001 crore, driven by strong growth in its lending and insurance sectors.
Sunil Mittal's Bharti Telecom to raise Rs 8,500 cr via domestic bond market: Report
Oct 31, 2024, at 04:55 am
Mumbai: Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise approximately Rs 8,500 crore (around $1.01 billion) in the domestic bond market, reported Bloomberg.
Welspun Enterprises Q2FY25 profit drops 11% YoY to Rs 61.56%
Oct 31, 2024, at 04:44 am
Mumbai: Welspun Enterprises has reported around 11 percent fall in consolidated net profit at Rs 61.56 crore for September quarter FY25 on account of higher expenses.
P&G Hygiene Q2FY25 profit rises marginally to Rs 212 cr
Oct 31, 2024, at 03:54 am
Mumbai: Procter & Gamble Hygiene and Health Care Ltd (PGHH) reported a slight increase of 0.57% in profit after tax, to Rs 211.90 crore for the first quarter ended September 2024, media reports said.
Oct 31, 2024, at 03:46 am
São Paulo/ Mumbai: Tata Consultancy Services (TCS) has entered a 10-year strategic partnership with Insper, a prominent Brazilian higher education and research institution, aimed at accelerating industry innovation for TCS clients in South America through advanced technologies like AI, GenAI, IoT, and spatial computing.
Ola Electric expands service nationwide by more than 30%
Oct 31, 2024, at 02:23 am
Bengaluru: Ola Electric, India’s largest e-scooter manufacturer, has boosted service centre capacity nationwide by more than 30% to improve its after-sales service, media reports said.
India’s H1 fiscal deficit at Rs 4.75 lakh crore, narrows to 29.4% of FY25 target
Oct 31, 2024, at 01:51 am
New Delhi: India’s fiscal deficit for the first half of the current fiscal year, ending in September, reached Rs 4.75 lakh crore, or 29.4% of the Budget Estimate (BE), according to the Controller General of Accounts (CGA) data released today.
JSW Energy outbids Adani Group and NTPC in race for KSK Mahanadi Power Company
Oct 30, 2024, at 11:39 pm
Mumbai: JSW Energy, part of the Sajjan Jindal-led conglomerate, has emerged as the highest bidder for the bankrupt KSK Mahanadi Power Company, according to a company filing on Tuesday.
Dabur Q2FY25 net profit jumps 18% to Rs 417.52 cr
Oct 30, 2024, at 11:18 pm
Mumbai: Dabur India Ltd, a leading Indian FMCG company, reported a 17.65% drop in consolidated net profit, reaching Rs 417.52 crore for the September 2024 quarter.
Narrow majority of economists predict RBI likely to cut rates to 6.25% in December: Reuters poll
Oct 30, 2024, at 10:22 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) is expected to reduce its key policy rate by 25 basis points to 6.25 percent in December this year to support India's slowing economic growth, according to a narrow majority of economists surveyed in a Reuters poll.
'Got scammed': Delhi man claims he ordered 1 gm gold coin from Blinkit, gets 0.5 gm instead
Oct 30, 2024, at 08:13 pm
New Delhi/IBNS: Mohit Jain, a resident of Delhi, claimed that Blinkit, one of the leading Indian quick-commerce platforms, delivered a 0.5-gram gold coin instead of the one-gram coin he had ordered.
Google's update to Local Services ads could impact millions of small businesses
Oct 30, 2024, at 07:40 pm
California/IBNS: Google is set to introduce changes to its Local Services ads, which may significantly impact millions of small businesses, reports the Associated Press (AP).
RBI says another 102-ton gold shifted to India from Bank of England's vaults
Oct 30, 2024, at 06:54 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) on Wednesday (Oct. 30) announced the relocation of another 102 tonnes of gold from the Bank of England's vaults in London to secure locations within India.
Personal Loan Interest: Tips for Finding the Best Rates
Oct 30, 2024, at 05:15 am
Picture this: You’ve made the decision to take control of your financial future by securing a personal loan. Whether it’s for consolidating debt, funding a home renovation, or managing unexpected expenses, you’re excited to move forward. But before you dive in, there’s one critical factor that could significantly impact your financial journey— personal loan interest rates. Understanding how they work and how to secure the best possible rate could mean the difference between a manageable repayment plan and a financial burden.
Oct 29, 2024, at 08:19 pm
Mumbai/IBNS: JSW Steel has entered into a strategic partnership with South Korea’s POSCO to collaborate on steelmaking, electric vehicle (EV) batteries, and renewable energy initiatives.
Oil falls 5% after Israel's counterattack on Iran; Brent crude drops to $71.92 per barrel
Oct 29, 2024, at 07:21 pm
New York/IBNS: Oil prices fell by about $4 per barrel on Monday (Oct. 28) after Israel's weekend counterstrike on Iran left key oil and nuclear sites untouched, easing concerns over potential disruptions to energy supplies.
Swiggy sets IPO price band between Rs 371 - Rs 390: Reports
Oct 29, 2024, at 06:53 pm
Mumbai/IBNS: Swiggy, the leading Indian food and grocery delivery company, is set to launch its initial public offering (IPO) to raise Rs 11,300 crore.
Union Finance Ministry highlights softer urban demand, factory output
Oct 29, 2024, at 06:15 pm
New Delhi/IBNS: The Union Ministry of Finance (MoF) on Monday (Oct. 29) highlighted emerging challenges in the Indian economy, including weakening consumer sentiment and declining urban demand, along with a slowdown in industrial activity.
Apple's production shift: Tech major exports $6 billion worth of iPhones from India
Oct 29, 2024, at 06:09 pm
New Delhi/IBNS: Apple's iPhone exports from India surged by a third in the six months leading up to September, highlighting the company's strategic shift to expand its manufacturing footprint in India and reduce reliance on China, reports Bloomberg.
Amazon and HPCL collaborate to increase Low Carbon Fuel adoption
Oct 29, 2024, at 06:09 am
New Delhi: Amazon India said on Monday that it has entered into an initial agreement with state-owned Hindustan Petroleum Corporation Ltd (HPCL) to drive the development and adoption of Low Carbon Fuels (LCFs) for long-haul transport in India.
Federal Bank Q2FY25 net profit grows 11% YoY to Rs 1,057 cr, NII grows 15%
Oct 29, 2024, at 05:21 am
Mumbai: Private sector lender Federal Bank reported an 11 percent year-on-year rise in net profit, reaching Rs 1,057 crore for the September quarter, up from Rs 954 crore.
Bhutan-India Renewable Energy Roundtable: IREDA chairman advocates debt financing over grants
Oct 29, 2024, at 05:15 am
Thimphu: Competitive debt financing is more advantageous than grants and is a strategic tool for advancing renewable energy projects, according to Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA) Pradip Kumar Das.
Suzlon Energy reports 96% rise in Q2FY25 net profit to Rs 200 cr
Oct 29, 2024, at 04:32 am
Mumbai: Suzlon Energy reported a 95.71% increase in consolidated net profit attributable to its owners, driven by higher revenue and a robust order inflow for the quarter ending September 30, 2024 (Q2FY25).
Air India receives DGCA approval to modify aircraft interiors in-house
Oct 29, 2024, at 03:00 am
Gurugram: Tata Group-owned Air India has received the Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA) designated as CAR 21 approval, the airline said in a press release.
NTPC Green Energy gets SEBI nod for Rs 10,000 cr IPO
Oct 29, 2024, at 02:40 am
Mumbai: NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has received SEBI's final approval to raise Rs 10,000 crore through an initial public offering (IPO).