Vedanta Ltd raises Rs 8,500 cr through QIP at Rs 440 per share
Jul 20, 2024, at 06:03 am
Mumbai: Vedanta Limited announced on Friday that it raised Rs 8,500 crore through a Qualified Institutions Placement (QIP), which launched on July 15, at a price of Rs 440 per share, media reported.
Byju's will shutdown completely if insolvency proceeds, says Byju's Raveendran: Report
Jul 20, 2024, at 05:48 am
New Delhi: Insolvency proceedings against Byju's, once India’s largest startup with a valuation of $22 billion, could lead to mass employee layoffs and a complete halt of its services, Reuters reported, citing a court filing by its CEO.
Wipro's Q1FY25 net profit grows 5.2% to Rs 3,037 cr
Jul 20, 2024, at 05:11 am
Bengaluru: IT services major Wipro reported a net profit of Rs 3,036.6 crore for the first quarter of FY25, a 5.2 percent increase from the same period last year and a 6.2 percent rise quarter-on-quarter, media reported.
BPCL's Q1FY25 standalone net profit drops 71% to Rs 3,015 cr
Jul 20, 2024, at 04:23 am
Mumbai: Bharat Petroleum Corporation Limited (BPCL) reported a standalone net profit of Rs 3,015 crore for the first quarter of the financial year 2024-25, a 71 percent decrease from the Rs 10,551 crore net profit in the same period last year.
Patanjali Foods Q1FY25 net profit soars 200% YoY to Rs 263 cr
Jul 20, 2024, at 02:57 am
Mumbai: Indian fast-moving consumer goods (FMCG) company, Patanjali Foods, reported a massive 200 percent rise in net profit YoY to Rs 262.9 crore in the first quarter ending June 30, 2024, media reported.
Jul 20, 2024, at 02:54 am
Mahindra Group Chairman Anand Mahindra, who is known for his influential presence on the internet, reacted to Microsoft's massive outage that disrupted operations across airlines, banks, and major corporations globally, impacting services from customer communications to financial transactions.
Reliance Industries consolidated profit drops Q1FY25 5% to Rs 15,138 cr
Jul 20, 2024, at 02:29 am
Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) reported an 11.5 percent rise in revenue, reaching Rs 2.58 lakh crore in the fiscal first quarter compared to the previous year, driven by growth across various segments.
ADB retains India's growth forecast at 7 per cent for fiscal year 2024
Jul 19, 2024, at 11:04 pm
In its latest development outlook, the Asian Development Bank has kept India's economic growth forecast unchanged at 7 percent for the fiscal year 2024.
Singapore's Temasek plans to invest $10 billion in India during the next three years
Jul 19, 2024, at 05:13 am
Global investment company Temasek, which is headquartered in Singapore, might be investing $10 billion in India during the next three years.
South Indian Bank Q1FY25: Net profit grows 45% YoY to Rs 294 cr
Jul 19, 2024, at 03:18 am
Thrissur: South Indian Bank has declared a net profit of Rs 294 crore for the first quarter of FY 2024-25, recording a whopping 45% growth compared to Rs 202 crore in the same quarter of the previous fiscal year.
LTIMindtree net profit shrinks 1.5% YoY to Rs 1,152 cr
Jul 18, 2024, at 06:16 am
Mumbai: LTIMindtree on Wednesday reported a consolidated net profit of Rs 1,134 crore for the quarter ended June 30, 2024, a 1.5% decline from the Rs 1,152 crore reported in the same period last year, media reported.
Vi ramps up users’ indoor network experience in Kolkata with L900 technology
Jul 18, 2024, at 05:14 am
Kolkata: Vodafone Idea today announced expansion of L900 technology in 3000 sites across Kolkata, to deliver a stronger indoor coverage experience for users.
BMW's new launch CE 04 electric scooter to cost as much as Tata Punch EV
Jul 18, 2024, at 03:26 am
Gurugram: BMW Motorrad is set to launch its CE 04 electric scooter in India on July 24, with pre-launch bookings already underway.
Bajaj Electricals MD & CEO Anuj Poddar resigns
Jul 18, 2024, at 02:02 am
Pune: Bajaj Electricals Limited announced the resignation of its Managing Director and Chief Executive, Anuj Poddar, from his position and as a member of the board of directors on Wednesday.
ADB retains India's FY25 growth at 7%
Jul 17, 2024, at 10:40 pm
New Delhi: The Asian Development Bank (ADB) on Wednesday maintained its GDP growth forecast for India at 7 percent for the current financial year, anticipating a rebound in agriculture due to above-normal monsoon projections, according to media reports.
Byju's to challenge insolvency proceedings this week
Jul 17, 2024, at 10:35 pm
Bengaluru: Education technology company Byju's will challenge insolvency proceedings initiated against it in an effort to block the process this week, as the startup, once valued at $22 billion, tries to navigate its current crisis, two sources said on Wednesday, Reuters reported.
Asian Paints Q1FY25 net profit drops 25% YoY to Rs 1,170 cr
Jul 17, 2024, at 10:31 pm
Mumbai: Asian Paints on Wednesday reported a nearly 25 percent year-on-year decline in its consolidated net profit for Q1 FY25, amounting to Rs 1,170 crore, due to a challenging demand environment.
SpiceJet's CFO Ashish Kumar resigns; Joyakesh Podder appointed Deputy CFO
Jul 17, 2024, at 07:00 am
Mumbai: SpiceJet announced on Tuesday that Chief Financial Officer Ashish Kumar will be departing the company to pursue other opportunities.
Adani-Sirius JV acquire cloud platform firm Coredge.io
Jul 17, 2024, at 05:58 am
Mumbai: Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), announced on Tuesday the signing of binding agreements to acquire Coredge.io Private Limited, a cloud platform company.
IMF raises India's FY25 GDP growth forecast to 7%
Jul 17, 2024, at 05:01 am
New Delhi: Amid rising private consumption, particularly in rural areas, the International Monetary Fund (IMF) on Tuesday in its economic outlook projected India's growth at 7 percent for 2024-25, up from 6.8 percent.
These states may permit home delivery of liquor through online platforms like Swiggy, Zomato: Report
Jul 17, 2024, at 04:24 am
New Delhi: States such as New Delhi, Karnataka, Haryana, Punjab, Tamil Nadu, Goa, and Kerala are exploring pilot projects to allow home delivery of liquor through online platforms like Swiggy, BigBasket, Zomato, and its Blinkit quick-commerce arm, according to an Economic Times report.
Taiwanese firms transfer supply chains to India amid growing tension with China: Report
Jul 17, 2024, at 02:15 am
New Delhi: Taiwanese firms are relocating their supply chains from China to India as Taipei and New Delhi strengthen economic ties, according to the head of Taiwan's main trade body, reported Reuters.
India aims to become leading aviation hub with $4 billion MRO Industry by 2030: Rammohan Naidu
Jul 17, 2024, at 12:01 am
Union Civil Aviation Minister Kinjrapu Rammohan Naidu has announced the implementation of a uniform IGST rate of 5% on all aircraft and aircraft engine parts, effective from today,15th July 2024.
Apple registers 33 percent jump in revenue in India
Jul 16, 2024, at 11:47 pm
Marking a swift growth, Apple's annual sales in India touched a record of nearly $8 billion.
Jul 16, 2024, at 11:22 pm
The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi, on Monday.
SBI unveils “Amrit Vrishti” term deposit scheme for 444 days
Jul 16, 2024, at 11:18 pm
State Bank of India has launched a new term deposit scheme named "Amrit Vrishti".
Vedanta Limited to use Rs 8,000-crore QIP to repay Oaktree Capital, Deutsche Bank, Union Bank debts
Jul 16, 2024, at 11:15 pm
Mumbai: Vedanta Limited plans to use the proceeds from its Rs 8,000-crore Qualified Institutional Placement (QIP) offer to partially or fully repay its debt to Oaktree Capital, Deutsche Bank, and Union Bank of India, according to the offer documents filed by billionaire Anil Agarwal’s company, media reported.
Indian travellers in Qatar can soon make UPI payments
Jul 16, 2024, at 10:58 pm
NPCI International Payments Limited (NIPL) has signed an agreement with QNB, the largest financial institution in the Middle East and Africa, headquartered in Qatar, to launch QR code-based Unified Payments Interface (UPI) payments across the country.
Bajaj Auto Q1 FY25 profit grows 18% YoY to Rs 1,941.79 cr
Jul 16, 2024, at 10:30 pm
Mumbai: Bajaj Auto Ltd on Tuesday reported an 18% year-on-year increase in its consolidated net profit for Q1 FY25, reaching Rs 1,941.79 crore, driven by steady demand, strong two-wheeler sales, and higher realizations.
NCAER, IEPFA organise workshop on investor education and protection in collab with MDI Gurgaon
Jul 16, 2024, at 08:08 am
Gurgaon: NCAER and IEPFA, in association with MDI Gurgaon, organised a workshop on investor education and protection with the focus on equipping the youth with necessary skills and knowledge to navigate through the complexities of the modern financial landscape.