L&T aims to divest stake in Hyderabad Metro in 2.5 yrs: Report
Nov 02, 2023, at 04:22 am
Mumbai: Engineering and construction major Larsen & Toubro (L&T) aims to sell its share in the Hyderabad Metro project within the next two, or possibly two and a half, years, Moneycontrol reported.
Hero MotoCorp Q2FY24 net profit jumps 47% to Rs 1,054 cr
Nov 02, 2023, at 02:54 am
Mumbai: Hero MotoCorp announced a 47 percent increase in net profit, reaching Rs 1,054 crore for the quarter ending on September 30, 2023, a significant rise from the Rs 716 crore profit recorded in the same period last year.
SEBI modifies offer document format of mutual fund schemes
Nov 02, 2023, at 02:04 am
Mumbai: In order to enhance the efficient dissemination of relevant information to investors, the Securities and Exchange Board of India (SEBI) has modified the format that asset management companies (AMCs) use for submitting offer documents of mutual fund schemes.
October GST collection tops Rs 1.72 lakh crore
Nov 01, 2023, at 10:13 pm
On the back of economic activities and anti evasion measures by the government, the Goods and Services Tax (GST) mop-up topped Rs 1.72 lakh crore in the month of October 2023 recording 13% year-on-year growth.
Sensex falls by over 100 points
Nov 01, 2023, at 04:49 pm
Mumbai/UNI: The BSE Sensex on Wednesday lost further by 170.77 points at 63,704.16 in the opening session as selling was seen in metal, power, and technology stocks.
TCPL Q2FY24 PAT stands at 359 cr
Nov 01, 2023, at 06:47 am
Mumbai: Tata Consumer Products Ltd. (TCPL) announced a consolidated net profit of Rs 359.18 crore for the September quarter of FY24, marking a 1.18 percent increase from Rs 354.98 crore in the same period of the previous fiscal year. The group's consolidated net profit amounted to Rs 363.98 crore.
Closely 'watching' high attrition rate in pvt banks: RBI Guv Shaktikanta Das
Nov 01, 2023, at 05:40 am
New Delhi: RBI Governor Shaktikanta Das on Tuesday commented on the high attrition rates observed in certain private sector banks, emphasising that the Central bank is closely monitoring this issue, a report in the media said.
Jindal Steel and Power Q2FY24 PAT jumps to 1,390 cr
Nov 01, 2023, at 05:19 am
Mumbai: Jindal Steel and Power Ltd reported a substantial increase in Profit After Tax (PAT) to Rs 1,390.10 crore in the September quarter, primarily due to reduced expenses, the company reported in a regulatory filing.
Mamaearth IPO subscribed 12% on first day
Nov 01, 2023, at 04:48 am
Mumbai: The Honasa Consumer IPO saw a subscription rate of 12 percent on October 31, the first day of bidding, Moneycontrol reported.
Centre increases windfall tax on petroleum crude to Rs 9,800/ton
Nov 01, 2023, at 04:45 am
New Delhi: The Centre on Tuesday increased the windfall tax on petroleum crude from Rs 9,050/ton to Rs 9,800/ton, effective from November 1, a government notification said.
Bharti Airtel Sept Qtr net profit falls 38% to Rs 1,340.7 cr
Nov 01, 2023, at 03:37 am
Mumbai: Bharti Airtel on Tuesday announced that its combined net earnings for the quarter concluding in September stood at Rs 1,340.7 crore, a decrease of 37.50 percent compared to Rs 2,145.2 crore in the same period the previous year.
Centre's Apr-Sept fiscal deficit widens to Rs 7.02 lakh cr
Nov 01, 2023, at 03:05 am
New Delhi: The fiscal deficit increased to Rs 7.02 lakh crore in April-September, up from Rs 6.43 lakh crore in April-August, according to data released on October 31.
L&T Q2FY24 profit soars 45% to Rs 3,223 cr
Nov 01, 2023, at 02:54 am
Mumbai: Larsen & Toubro (L&T) Tuesday announced a 45 percent year-on-year surge in net profit, amounting to Rs 3,223 crore, in the second quarter of fiscal year 2023-24.
India's core sector marks 8.1 pc YoY growth in September
Nov 01, 2023, at 12:24 am
India's core sector comprising of eight key infrastructure components grew 8.1% year-on-year (YoY) in September 2023, according to data released by Commerce and Industry Ministry on Tuesday.
Indian Market: Sensex down 237.72 pts
Oct 31, 2023, at 10:26 pm
Snapping a winning streak of last two sessions, the BSE Sensex dropped 237.72 pts to close at 63,874.93 as selling was seen in Auto, Energy Technology and BSE Services stocks.
Oct 31, 2023, at 05:31 am
A top official of Godrej Locks believes that the rate of growth which digital locks will witness in the next three years might be 10 percent of the sales in the segment.
Indian Market: Sensex advanced 329 pts
Oct 30, 2023, at 11:26 pm
The BSE Sensex gained further by 329.85 pts to close at 64,112.65 as buying was seen in Realty, Energy and Telecommunications stocks.
Bandhan Mutual Fund launches Bandhan Nifty Alpha 50 Index Fund
Oct 29, 2023, at 12:33 am
Bandhan Mutual Fund on Saturday announced the launch of the Bandhan Nifty Alpha 50 Index Fund, an open-ended index scheme tracking Nifty Alpha 50 Index, providing investors with an opportunity to invest in a well-diversified portfolio of stocks that generated high alpha (relatively higher returns than the market) over the last one year.
Bajaj Finserv Q1FY24 net profit grows 24% to Rs 1,929 cr
Oct 28, 2023, at 06:09 am
Mumbai: NBFC Bajaj Finserv posted a consolidated net profit of Rs 1,929 crore, marking a 24% increase compared to the previous year's earnings of Rs 1,557 crore.
SBI Cards and Payment Services Q2FY24 PAT grows 15% YoY to Rs 603 cr
Oct 28, 2023, at 05:42 am
Mumbai: SBI Cards and Payment Services Ltd reported Profit After Tax (PAT) of Rs 603 crore in Q2 FY24, up 15% YoY, compared to Rs 526 crore in Q2 FY23.
BharatPe's Chief Product Officer Ankur Jain resigns
Oct 28, 2023, at 05:06 am
Mumbai: Fintech unicorn BharatPe on Friday said that its Chief Product Officer Ankur Jain has resigned to pursue startup ambitions.
Union Bank Q2FY24 soars 90% YoY to Rs 3,511 cr; NII stands at Rs 9,126 cr
Oct 28, 2023, at 04:24 am
Mumbai: Public sector lender Union Bank recorded a net profit of Rs 3,511 crore in the quarter ending September of FY24, surging 90 percent compared to the Rs 1,848 crore reported in the same period last year.
RBI grants extension to Dipak Gupta as MD & CEO of Kotak Mahindra Bank
Oct 28, 2023, at 03:34 am
Mumbai: The Reserve Bank of India (RBI) has granted an extension to Dipak Gupta as the interim Managing Director and Chief Executive Officer (MD and CEO) of Kotak Mahindra Bank until December 31, 2023.
Jio Infocomm posts Rs 5,058 cr Q2FY24 net profit, up 12% YoY
Oct 28, 2023, at 03:11 am
Mumbai: Jio Infocomm, the telecom arm of Reliance Industries, posted a standalone net profit of Rs 5,058 crore for the quarter ending in September, up 12.10 percent year-on-year.
Reliance Retail Q2FY24 PAT grows 21% YoY to Rs 2,790 cr
Oct 28, 2023, at 02:23 am
Mumbai: Reliance Retail, the retail division of diversified conglomerate Reliance Industries, recorded a 21 percent year-on-year rise in net profit, reaching Rs 2,790 crore for the quarter ending in September.
Sensex surges 634 points to close at 63782.80
Oct 27, 2023, at 10:36 pm
Snapping a losing streak of the last six sessions, the BSE Sensex on Friday surged 634.65 points to close at 63782.80 as buying was seen in power, utilities, and real estate stocks amid a positive Asian market.
Oct 27, 2023, at 10:29 pm
Tata Group will officially manufacture Apple iPhones in India for domestic and international markets in the next two and a half years.
Maruti Suzuki profit surges 80 pc to Rs 3,716.5 cr in Q2
Oct 27, 2023, at 10:28 pm
On the back of higher sales, softening commodity prices and cost reduction, country's largest carmaker Maruti Suzuki on Friday recorded 80.3% year-on-year increase in net profit at Rs 3,716.5 crore for July-September quarter (Q2) of ongoing financial year 2023-24.
Oct 27, 2023, at 06:11 am
Mumbai: Dubai Chambers on Thursday announced the launch of the Dubai Business Forum.
Bank Fraud case: ED attaches assets worth Rs 70 cr of DHFL promoters Wadhawans
Oct 27, 2023, at 05:58 am
New Delhi: The Enforcement Directorate has attached assets worth over Rs 70 crore belonging to DHFL promoters Kapil and Dheeraj Wadhawan in connection to a money laundering probe linked to an alleged bank loan fraud case, media reported.