Indian Market: Sensex down over 300 points

Jul 26, 2022, at 03:49 pm

Mumbai: The BSE Sensex on Tuesday tumbled down 319.25 points to 55,446.97 as selling was seen across the board.

Canara Bank Q1FY23 net profit jumps 71.79 pc y-o-y to Rs 1177 cr

Jul 26, 2022, at 12:57 am

Kolkata: State-owned lender Canara Bank on Monday reported a net profit of Rs 2022 crore in the Q1FY23, up 71.79 percent year-on-year (y-oy) compared to Rs 1177 crore in the same quarter in FY22.

Indian Rupee up 13 paise against USD

Jul 25, 2022, at 11:28 pm

Mumbai: The Rupee on Monday jumped 13 paise to close at 79.73 against the USD on selling of US Dollar from bankers and importers, dealers at the Foreign Exchange said.

Indian Market: Sensex drops by 306 points

Jul 25, 2022, at 11:24 pm

Mumbai: Snapping the gaining streak of last six sessions, the BSE Sensex on Monday tumbled down 306 pts at 55,766.22 on profit booking by local dealers.

Govt has no plans to privatise MTNL: Minister Devusinh Chauhan

Jul 25, 2022, at 06:08 am

New Delhi: The government has no plans to privatize Mahanagar Telephone Nigam Ltd (MTNL), Minister of State for Communications Devusinh Chauhan has said, putting an end to speculations that the loss-making telecom company would be up for sale.

India’s 2022 half-yearly merchandise exports increase to $ 235.7 billion

Jul 25, 2022, at 05:35 am

New Delhi: India’s merchandise exports during January-June 2022 stood at $ 235.7 billion as compared to $ 185.9 billion during the same period of the previous year, according to data shared by the Ministry of Commerce & Industry.

Infosys Q1 profit moves up 3.2 pc at Rs 5,360 cr, revenue jumps 23 pc

Jul 25, 2022, at 03:13 am

Mumbai: IT major Infosys on Sunday reported 3.2 per cent year-on-year increase in consolidated net profit at Rs 5,360 crore for the quarter ending June 30, 2022.

Govt sets 75 pc target by 15th Aug and 100 pc by the end of financial year for procurement through GeM

Jul 25, 2022, at 02:47 am

New Delhi: Prime Minister Narendra Modi has set a target of 75 percent procurement to be made through GeM by August 15 and 100 percent procurement to be made through GeM by the end of the current financial year, Commerce and Industry Minister Piyush Goyal has said.

Tata Steel threatens to shut shop in UK: Report

Jul 25, 2022, at 12:41 am

UK's largest steel company, Tata Steel, has threatened to close operations unless the British government provides assistance of nearly 1.5 British pounds (around Rs 14,400 crore) within the next one year to help the company reduce its carbon emissions, the Financial Times (FT) reported.

Recognised startups jumped from 471 in 2016 to 72,993 in 2022 due to active govt intervention: Ministry of Commerce & Industry

Jul 24, 2022, at 09:08 pm

New Delhi: Recognised startups in India shot up from 471 in 2016 to 72,993 in 2022 (as on 30th June 2022) across 56 diversified sectors propelled by the Startup India initiative, according to Minister of State for Commerce and Industry Som Parkash's written reply to the Rajya Sabha last week.

ICICI Bank records 50 pct growth in Q1 profit

Jul 23, 2022, at 11:07 pm

New Delhi: ICICI Bank registered a 50 percent year-on-year growth in standalone profit to Rs. 6,905 crore for the quarter that ended on June 30.

Bandhan Bank's net profit jumps 138 percent to touch Rs 886.5 crore in Q1 Fy23

Jul 23, 2022, at 12:13 am

Kolkata: Kolkata-based private sector lender Bandhan Bank on Friday announced it registered 137.6 percent year-on-year (YoY) increase in net profit for the quarter that ended in June 2022.

Rupee holding up well compared to advanced, EME peers: RBI Guv

Jul 22, 2022, at 08:59 pm

Mumbai: Amid consistent depreciation of the rupee against the US dollar, Reserve Bank of India (RBI) Governor Shaktikanta Das Friday said that the Indian rupee has been holding up well compared to both advanced and EME (emerging market economies) peers.

Indian Market: Sensex up by over 100 points

Jul 22, 2022, at 06:42 pm

Mumbai: The BSE Sensex on Friday surged 104 points to 55,786.17 as buying was seen in Materials, Consumer Durable and Consumer Discretionary Goods and Services stocks.

Mahindra announces introductory prices for Automatic and 4WD variants of Scorpio-N, booking starts from July 30

Jul 22, 2022, at 06:37 pm

New Delhi: Automobile major Mahindra & Mahindra Ltd., pioneers of the SUV segment in India, on Friday announced the introductory prices for the Automatic and 4WD variants of the eagerly awaited SUV of the year – the All-New Scorpio-N.

RBI's reschedules Aug MPC meeting due to 'administrative exigencies'

Jul 21, 2022, at 11:45 pm

Mumbai: Reserve Bank of India  (RBI) Thursday said that the Monetary Policy Committee’s (MPC) meeting next month is rescheduled due to “administrative exigencies.”

Microsoft, Mercedes-Benz and Amazon named India’s most attractive employer brands: Survey

Jul 21, 2022, at 10:53 pm

New Delhi: Microsoft India, the leading technology giant has emerged as India’s most ‘attractive employer brand’, reveals the findings of Randstad Employer Brand Research (REBR) 2022 

FICCI downgrades India GDP growth to seven percent for FY23

Jul 21, 2022, at 09:18 pm

New Delhi/UNI: Amid continuing geo-political uncertainties and apprehensions of some of the major economies slipping into recession, industry body FICCI on Thursday projected the Indian economy to grow at seven percent in the FY 2022-23.

Tesla sells 75 percent holdings in Bitcoin to add millions into balance sheet

Jul 21, 2022, at 08:00 pm

New Delhi/IBNS: Electric car maker Tesla sells off major holdings in Bitcoin to infuse USD 916 mln into its balance sheet but has kept its reserves in Dogecoin intact.

Gautam Adani ranks 4th richest on Forbes list after Bill Gates pledges $20 bn to charity

Jul 21, 2022, at 03:19 pm

With a net worth of $114 billion, Adani Group Founder and Chairman Gautam Adani now occupies the fourth spot on the Forbes list. His net worth saw a meteoric rise in 2021 and 2022 when it grew from $ 50 billion to $90 billion.

Wipro's Q1FY23 net profit declines 21 pc YoY to Rs 2,564

Jul 21, 2022, at 02:25 pm

Wipro Ltd (Wipro) Wednesday reported a 20.93 percent year-on-year (YoY) drop in its consolidated net profit at Rs 2,563.6 crore for the quarter ended June against a PAT of Rs 3,242.6 crore recorded during the same period last year.

HUL FY23Q1 net profit jumps 14 pc YoY to Rs 2,391 cr

Jul 21, 2022, at 02:21 pm

FMCG giant Hindustan Unilever Ltd (HUL) reported a 14 percent year-on-year (YoY) jump in net profit and a 20 percent YoY increase in net revenue, according to media reports.

5G auction: Dept of Telecom approves Reliance Jio, Airtel, Vi and Adani as final participants

Jul 21, 2022, at 05:04 am

New Delhi: The Department of Telecommunication (DoT) has approved Reliance Jio Infocomm, Bharati Airtel, Vi and Adani Data Networks as the final participants in the 5G spectrum auction in India that is slated to begin on July 26.

NCLT allows insolvency proceedings against Future Retail

Jul 21, 2022, at 03:42 am

The Mumbai bench of the National Company Law Tribunal (NCLT) allowed a consortium of lenders, led by Bank of India, to initiate insolvency proceedings against debt-laden Future Retail, media reports said.

ITC AGM: MD Sanjiv Puri highlights future plans, export potential and growth areas

Jul 21, 2022, at 02:44 am

Hotels to FMCG conglomerate ITC Wednesday convened its Annual General Meeting (AGM) where Chairman and Managing Director Sanjiv Puri threw light on the company's Next Strategy in key segments, export potential, new products and its future tech enterprises.

Alcove Realty’s ‘New Kolkata Prayag’ wins Centre's award for best affordable housing project in Bengal

Jul 20, 2022, at 10:49 pm

New Delhi: Alcove Realty MD Ajay Kumar Shroff and company director Archana Shroff received the prestigious ‘Best Affordable EWS/LIG Housing Project in the state of West Bengal’ award recently at the “PMAY - Empowering India Awards 2022” from the Minister of State for Housing and Urban Affairs Kaushal Kishore.

Aditya Birla Sun Life Mutual Fund launches a Unique ETF

Jul 20, 2022, at 10:16 pm

New Delhi: Aditya Birla Sun Life AMC Limited, a subsidiary of Aditya Birla Capital Limited, an investment manager to Aditya Birla Sun Life Mutual Fund, has announced the launch of a unique ETF tracking the Nifty Financial Services TRI to help investors capture the growth opportunity across the spectrum of financial services.

Rupee falls 5 paise against USD

Jul 20, 2022, at 10:13 pm

Mumbai: The Rupee on Wednesday slipped five paise to close at 79.90 against the USD on rising demand for US Dollar from bankers and exporters,, dealers at the Foreign Exchange said.

Maruti Suzuki launches Grand Vitara

Jul 20, 2022, at 10:11 pm

Gurugram: Celebrating NEXA’s 7th anniversary, Maruti Suzuki on Wednesday unveiled its gamechanger SUV, The Grand Vitara.

Indian Market: Sensex rally 629.91 pts

Jul 20, 2022, at 10:09 pm

Mumbai: The BSE Sensex on Wednesday advanced 629.91 pts at 55,397.53 following gains in IT, Technology, FMCG and Metal stocks.