Sun Pharma Q4FY24 PAT grows 34% to Rs 2,655 cr; Rs 5 per share dividend declared
May 23, 2024, at 03:40 am
Mumbai: Leading pharmaceutical company Sun Pharmaceutical Industries Ltd announced a consolidated net profit of Rs 2,654.5 crore for the March quarter, a 34 percent increase from the same period last year, media reported.
Nykaa Q4FY24 PAT grows to Rs 9 crore; revenue jumps 28%
May 23, 2024, at 02:36 am
Mumbai: FSN E-Commerce Ventures, the owner of personal care (BPC) firm Nykaa, reported a rise in its Q4FY24 net profit of Rs 9 crore, growing more than four times from Rs 2 crore the same period last year.
May 23, 2024, at 02:20 am
New Delhi: The Indian government has decided to develop its own expertise in the field of artificial intelligence (AI) by creating the base for a custom foundational model meant to meet the needs of Indian companies, entrepreneurs, academics, and researchers, reported The Economic Times citing sources.
FIIs dump financial, IT, construction, oil & gas, FMCG holdings in first half of May: Report
May 23, 2024, at 01:02 am
Mumbai/IBNS: Foreign institutional investors (FIIs) sold over $3 billion (Rs 25,000 crore) in Indian equities in the first half of May, with National Securities Depository Limited (NSDL) data showing that more than 90 percent of the selling concentrated in five sectors, including Financial, Information Technology (IT), Construction, Oil and Gas, and Fast-Moving Consumer Goods (FMCG), media reports said.
RBI approves a dividend of Rs 2.11 lakh cr to Centre, an increase of 141% YoY
May 22, 2024, at 10:43 pm
Mumbai: The Reserve Bank of India on Wednesday approved a dividend of Rs 2.11 lakh crore for the Central government for FY24, a significant increase of around 141 percent compared to FY23.
Paytm Q4FY24 loss widens to Rs 550 cr YoY; FY24 increases 25%
May 22, 2024, at 10:33 pm
New Delhi: Digital payments firm Paytm reported a consolidated loss of Rs 549.6 crore for the fourth quarter of the financial year 2023-24 (Q4 FY24), up from Rs 168.4 crore in the same quarter the previous year, media reported.
Byju's gets 3 NCLT notices over non-payment of dues: Report
May 22, 2024, at 10:28 pm
New Delhi: The National Company Law Tribunal (NCLT) on Wednesday issued notices to Think and Learn Pvt Ltd, the parent company of Byju’s, in three cases related to unpaid dues to operational creditors, media reports said.
FSSAI finds no trace of ethylene oxide in sample spices of MDH, Everest: Officials
May 22, 2024, at 07:54 pm
New Delhi/IBNS: The Food Safety and Standards Authority of India (FSSAI) has not found ethylene oxide (ETO), a cancer-causing chemical, in the sample spices of MDH and Everest, officials said on Tuesday.
SEBI issues framework to manage stock impact emerging from market rumours
May 22, 2024, at 07:01 pm
New Delhi/IBNS: The Securities and Exchange Board of India (SEBI) has issued fresh guidelines to manage the stock market impact arising out of market impacts, according to reports.
Magadh Sugar & Energy Ltd Q4FY24 PAT grows to Rs 47 cr
May 22, 2024, at 06:47 am
Mumbai: Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) reported an increase in PAT in Q4FY24 at Rs 47 crore as against Rs 35 crore in Q4FY23.
Avadh Sugar & Energy Ltd Q4FY24 PAT drops to Rs 55 cr
May 22, 2024, at 06:35 am
Mumbai: Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) reported a drop in PAT in Q4FY24 at Rs 55 crore as against Rs 79 crore in Q4FY23.
Bitcoin soars to $71,000 today: what’s fuelling the rally?
May 22, 2024, at 05:01 am
Mumbai: Bitcoin (BTC) surged above $71,000 early Tuesday, its highest level since early April, while Ether increased by over 19% to $3,700, media reported.
Silver prices to maintain bullish trend despite pause on Tuesday
May 22, 2024, at 04:37 am
Silver prices fell on Tuesday after reaching a multi-month high in the previous session. The decline was prompted by cautious comments from U.S. Federal Reserve officials and profit-taking by investors, reported fxempire.
Alignment with 4% inflation target may occur in latter part of the year: RBI report
May 22, 2024, at 04:32 am
Mumbai: The Reserve Bank of India's (RBI) latest monthly bulletin, released on Thursday, indicates that achieving a sustained alignment of inflation with the 4 percent target may occur in the latter half of the year.
JSW Cement to invest Rs 3,000 cr to establish new integrated cement facility in Rajasthan
May 22, 2024, at 03:02 am
Mumbai: JSW Cement announced on Tuesday that it will invest nearly Rs 3,000 crore for a new cement manufacturing plant in the Nagaur district of Rajasthan.
BHEL Q4FY24 net profit drops 26% to Rs 489.62 cr
May 22, 2024, at 02:35 am
New Delhi: State-owned Bharat Heavy Electricals Limited (BHEL) on Tuesday reported a consolidated net profit of Rs 489.62 crore for the January-March quarter (Q4) in the financial year 2023-24 (FY24).
5 Top Things to Know About Kotak811 Debit Cards
May 21, 2024, at 11:03 pm
Managing finances has become easier than before, thanks to the convenience and security offered by debit cards. Among numerous options available around the globe, Kotak811 Debit Cards shine bright, offering a range of features designed to make your financial journey simple and stress-free. Whether you're new to the world of debit cards or already have a Kotak811 Debit Card in your wallet, here are five essential insights to help you understand its full potential.
SEBI revises method to calculate market capitalisation of listed companies
May 21, 2024, at 10:53 pm
New Delhi: The markets regulator SEBI has revised the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules.
Govt asks PSU refiners, RIL to collaborate on negotiating oil-deal with Russia: Report
May 21, 2024, at 10:14 pm
New Delhi: The government has asked its state-run oil refiners and private company Reliance Industries Ltd. to collaborate on negotiating a long-term supply agreement with Russia, Bloomberg reported.
CCI to bring new set of merger regulations soon
May 21, 2024, at 07:24 pm
New Delhi/IBNS: Competition Commission of India (CCI)'s chairperson Ravneet Kaur on Monday said that the country's apex national competition regulator will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year.
Robust investment and industrial demand fuel silver prices to surge to all-time high
May 21, 2024, at 07:08 pm
Mumbai/IBNS: Silver prices on Monday (May 20) climbed by 4.66 percent, settling at 95267, fueled by strong investment and industrial demand, reports said.
Akzo Nobel India Q4FY24 PAT grows 14% to Rs 109 cr
May 20, 2024, at 07:40 pm
Mumbai: Akzo Nobel India reported a 14% year-on-year increase in its fourth-quarter net profit, reaching Rs 108.8 crore.
Amazon's Propel 4 aims to launch 50 Indian startups in global markets in 2024
May 19, 2024, at 02:26 am
Kolkata: Amazon India has announced the launch of the fourth season of Propel – a global business accelerator for startups in the consumer products space.
Indian stock markets open today as NSE, BSE hold special trading session
May 18, 2024, at 07:39 pm
Mumbai/IBNS: Indian stock markets are open today (Saturday, May 18) as both the benchmark indices -- National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) -- are holding a special trading session.
JSW Steel Q4FY24 PAT drops 64% YoY to Rs 1,299 cr
May 18, 2024, at 06:40 am
Mumbai: JSW Steel reported a 64% year-on-year (YoY) decline in consolidated net profit for the quarter ended March 2024 to Rs 1,299 crore, compared to Rs 3,664 crore in the same period last year.
Wipro’s Chief Operating Officer Amit Choudhary resigns, Sanjeev Jain to replace him
May 18, 2024, at 05:54 am
Mumbai: Indian IT services firm Wipro’s Chief Operating Officer Amit Choudhary has resigned to pursue opportunities outside the organization, according to an exchange filing by the company.
May 18, 2024, at 05:33 am
Mumbai: Private sector lender Bandhan Bank reported a steep decline of over 93 percent in its net profit, which fell to Rs 54.63 crore in the January-March quarter (Q4) of the financial year 2023-24, compared to Rs 808.29 crore in the same period of the previous fiscal year, 2022-23.
India must boost manufacturing to increase share in global value chains: FM Sitharaman
May 18, 2024, at 04:43 am
New Delhi: India should intensify manufacturing activities to increase its share in global value chains and attain self-reliance aided by government policies, Finance Minister Nirmala Sitharaman said on Friday.
May 17, 2024, at 11:26 pm
New Delhi: The Delhi High Court on Friday reversed its previous decision that upheld the arbitral award favouring Kalanithi Maran over low-cost airline SpiceJet, bringing relief to the financially struggling carrier, media reports said.
Vikram Solar bags 397.7 MWp module supply order for NTPC’s Khavda Solar Project in Gujarat
May 17, 2024, at 10:58 pm
Kolkata: Solar module manufacturer Vikram Solar has secured a landmark 397.7 MWp module supply order for NTPC Renewable Energy Limited.