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).
CBDT extends ITR filing deadline for corporates by 15 days till November 15
Oct 26, 2024, at 10:53 pm
New Delhi/IBNS: The Central Board of Direct Taxes (CBDT) announced an extension for corporate income tax return filing for the Assessment Year (AY) 2024-25.
Afcons Infrastructure IPO issue subscribed 10% on Day 1
Oct 26, 2024, at 04:54 am
Mumbai: Afcons Infrastructure Ltd, the flagship engineering and construction firm of Shapoorji Pallonji Group, made its stock market debut today.
IndiGo reports Rs 987 cr loss in Sept qtr; revenue rises to Rs 16,970 cr
Oct 26, 2024, at 04:27 am
Gurugram: IndiGo reported a loss of Rs 987 crore for the second quarter ending September 2024, slipping back into the red after posting a profit of Rs 189 crore in the same quarter last year and Rs 2,728 crore in the previous June quarter, media reports said.
Bank of Baroda Q2 net profit rises 23% YoY to Rs 5,238 cr on strong NII, improved asset quality
Oct 26, 2024, at 04:22 am
Mumbai: Bank of Baroda (BoB) reported a 23.2% year-on-year (YoY) increase in net profit for the second quarter of FY2024-25, reaching Rs 5,238 crore, driven by higher non-interest income and reduced provisions for stressed loans, media reports said.
JSW Steel Q2FY25 net profit drops 85% YoY to Rs 404 cr on cheap steel imports
Oct 26, 2024, at 03:59 am
Mumbai: JSW Steel Ltd Friday reported an 85% year-on-year decline in consolidated net profit for the quarter ended September 30, 2024, at Rs 404 crore, impacted by a rise in imports of cheaper finished steel that pushed domestic prices to three-year lows, media reports said.
Can silver prices beat gold in future? Vedanta Group chairman shares perspective
Oct 26, 2024, at 03:36 am
Mumbai: Silver prices recently reached unprecedented levels, with December futures crossing the Rs 1,00,000 per kilogram mark on the Multi Commodity Exchange (MCX) for the first time.
Oct 26, 2024, at 03:27 am
Mumbai: Infrastructure major Larsen & Toubro (L&T) announced on Friday that it has secured a contract to implement advanced welding technologies for the ITER Organisation's nuclear fusion project, the largest in the world, located in Cadarache, Southern France.
BPCL Q2FY25 net profit slumps 72% YoY to Rs 2,297 cr
Oct 25, 2024, at 11:23 pm
Mumbai: Bharat Petroleum Corporation Limited (BPCL) reported a 72% year-on-year decline in consolidated net profit for Q2 FY2024-25, standing at Rs 2,297 crore due to reduced refining margins and lower crack spreads, according to a Moneycontrol report.
Sensex nosedives 662 points to touch 79,402.29
Oct 25, 2024, at 10:53 pm
The Indian equity market continued its fall for the gift consecutive session with the BSE Sensex touching 79,402.29 after crashing 662.87 pts on Friday.
IDBI Bank Q2FY25 net profit jumps 39% YoY to Rs 1,836 cr; NII grows 26%
Oct 25, 2024, at 10:51 pm
Mumbai: IDBI Bank reported a significant increase in its net profit, which surged by 39% to Rs 1,836 crore compared to Rs 1,323 crore in Q2 FY24.
YouTube Shopping opens up in India; collaborates with Flipkart, Myntra to launch affiliate programme
Oct 25, 2024, at 10:35 pm
Mumbai: Google-owned YouTube announced on Friday that it would expand its shopping feature in India by launching the YouTube Shopping affiliate programme, media reports said.
Central government increases loan limit under Pradhan Mantri Mudra Yojana (PMMY) to Rs.20 lakh
Oct 25, 2024, at 10:29 pm
The Centre on Friday announced the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from current Rs. 10 lakh to Rs. 20 lakh.
Godrej Properties secures Letter of Intent to develop luxury group housing plot in Gurugram
Oct 25, 2024, at 08:38 pm
New Delhi/IBNS: Godrej Properties announced on Friday (Oct. 25) that it has emerged as the highest bidder for a prime luxury group housing plot in Gurugram, with a projected revenue potential exceeding Rs 5,500 crore.
Salary account with a debit card: How to unlock special privileges you didn’t know existed
Oct 24, 2024, at 10:46 pm
A salary account is often seen as a straightforward banking tool for receiving monthly pay checks and managing personal finances. However, when paired with a debit card, it unlocks a world of privileges that go beyond everyday transactions. The convenience of accessing your salary instantly is just the beginning—there are numerous hidden benefits linked to the debit cards issued with salary accounts that can make banking more rewarding. With an IDFC FIRST Bank Salary Account, the associated debit cards offer not only seamless transactions but also exciting perks, privileges, insurance security, and financial freedom.
Uber's ride-hailing service to generate Rs 36,000 cr worth of economic activity in India in 2024
Oct 24, 2024, at 10:27 pm
New Delhi: Uber's two- and three-wheeler services, Uber Moto and Uber Auto, are projected to generate up to Rs 36,000 crore in economic activity in India in 2024, according to the company's 2024 India Economic Impact report.
Boeing strike continues as 64% of workers reject 35% wage hike offer
Oct 24, 2024, at 08:31 pm
Virginia/IBNS: Boeing factory workers voted on Wednesday (Oct. 23) to reject a new contract offer, extending their strike, which has now lasted over five weeks.
IMF highlights significant manufacturing shift towards India and China
Oct 24, 2024, at 08:09 pm
New Delhi/IBNS: The International Monetary Fund (IMF), in its latest "World Economic Outlook" report, has highlighted a notable shift in global manufacturing towards emerging markets like India and China, as advanced economies face declining competitiveness.
Nvidia partnering with Reliance to build AI infra in India: Jensen Huang
Oct 24, 2024, at 07:36 pm
Mumbai/IBNS: Jensen Huang, the CEO of American chip maker Nvidia, announced on Thursday (Oct. 24) that the company is collaborating with Reliance Industries to develop artificial intelligence (AI) infrastructure in India.
NVIDIA's Blackwell chips will be available for shipping from Q4 this year: CEO Jensen Huang
Oct 24, 2024, at 06:40 pm
Mumbai/IBNS: NVIDIA Corporation’s CEO Jensen Huang announced that the company’s advanced Blackwell chips, key to its next-generation GPU architecture, will begin shipping to customers in the fourth quarter of this year.
RBI approves appointment of Pranav Chawda as CEO of JP Morgan Chase banking unit in India
Oct 24, 2024, at 06:01 am
Mumbai: The Reserve Bank of India (RBI) has approved the appointment of Pranav Chawda as the chief executive officer of JPMorgan Chase & Co.’s local banking unit for a three-year term, Bloomberg reported, citing a statement from the US lender on Wednesday.
Finance Ministry to decide on scrapping windfall tax as crude prices decline, says PM's advisor
Oct 24, 2024, at 05:43 am
New Delhi: The Union finance ministry is expected to decide on scrapping the windfall tax on crude oil, as falling prices have made the levy less relevant, said Prime Minister’s advisor Tarun Kapoor, media reports said.
Air India, Singapore Airlines deepen partnership with 51 new codeshare destinations
Oct 24, 2024, at 05:36 am
Air India and Singapore Airlines (SIA) have agreed to significantly expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network.