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.
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.
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.
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.
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.
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.
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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.
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.
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.
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.
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.
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.
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 and Singapore Airlines (SIA) have agreed to significantly expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network.
New Delhi: Cash continues to account for 60% of consumer expenditure, though its share is steadily declining due to a post-Covid shift toward digital payments, as of March 2024, according to a study by a Reserve Bank of India (RBI) economist, reported The Economic Times.
New Delhi: The Union government on Wednesday removed the minimum export price (MEP) of $490 per tonne on non-basmati white rice exports to boost shipments.
Mumbai: Pidilite Industries exceeded profit expectations for the second quarter, driven by a slower rise in input costs, Reuters reported.
Mumbai: TVS Motor Company reported a 45 percent increase in consolidated net profit for the quarter ending September 2024 (Q2FY25), reaching Rs 560.49 crore, up from Rs 386.34 crore in the same period last year, media reports said.
Mumbai: Hindustan Unilever Ltd (HUL) reported a 2.4 percent decline in its Q2FY25 consolidated net profit, falling to Rs 2,591 crore from Rs 2,668 crore in the same quarter last year, media reports said.
Mumbai: Hindustan Unilever Ltd (HUL) reported a 2.4 percent decline in its Q2FY25 consolidated net profit, falling to Rs 2,591 crore from Rs 2,668 crore in the same quarter last year, media reports said.
New Delhi/IBNS: One97 Communications Limited, the parent company of Paytm, has received the green light from the National Payments Corporation of India (NPCI) to onboard new users for its Unified Payments Interface (UPI) platform.
Mumbai/IBNS: Jio Financial Services Ltd., led by billionaire Mukesh Ambani, has been in discussions with Allianz SE to form a new insurance partnership in India, Bloomberg reported, citing sources familiar with the matter.
New Delhi/IBNS: Indian multinational restaurant aggregator and food delivery company Zomato has increased its platform fee on food delivery to Rs 10 from Rs 7 amid the festive rush.
Mumbai/IBNS: Hyundai Motor India’s shares saw a rise of up to 6 percent on Wednesday (Oct. 23), a day after their discounted debut on the NSE and BSE.
Mumbai/IBNS: Bajaj Finserv has announced that its joint venture partner, Allianz, is "actively considering" an exit from their life and general insurance ventures.
New Delhi: The Competition Commission of India (CCI) has approved Bharti Airtel's proposal to increase its stake in Indus Towers, following a buyback of shares by the telecom infrastructure company. Indus Towers, a passive telecom infrastructure provider, deploys, owns, and manages infrastructure for various mobile operators.
Bhubaneswar: Odisha has emerged as the country's steel manufacturing hub with Odisha accounting for 25% of the India’s total steel production, according to MD and CEO of mjunction services Ltd Vinaya Varma.
Mumbai: Food aggregator Zomato, which announced a massive 388% YoY Q2FY25 net profit on Tuesday, revealed plans for a qualified institutional placement (QIP) to raise additional funds, reinforcing the bullish sentiment from brokerages, media reports said.
Mumbai: The Securities and Exchange Board of India (SEBI ) has issued a notice to the Adani Group over allegations of misclassifying certain investors as public shareholders, as disclosed by Adani Energy Solutions in its September quarter results filed on Tuesday, October 22, media reports said.
