RBI maintains status quo, policy repo rate unchanged at 6.50%
Mumbai/UNI: As widely expected by economists and market watchers, Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 6.50%.
Finance
Ola reports Rs 1,970.42 cr consolidated revenue in Q1FY24; loss widens 32% YoY to Rs Rs 1,522 cr
Mumbai: Ola, owned by ANI Technologies reported a substantial increase in consolidated revenue to Rs 1,970.42 crore in Q1FY24, marking a nearly 100 percent year-on-year (YoY) growth, Moneycontrol reported citing a filing with the Registrar of Companies (RoC).
India's coal consumption witnesses massive increase in last four decades
New Delhi: India’s coal consumption has witnessed a massive growth of around 753% surge from 130.73 MT in 1983-84 to 1115.02 MT in the year 2022-23, Coal Minister Pralhad Joshi informed Lok Sabha on Wednesday.
Okta forays into Indian market as part of its Asia Pacific expansion plan
Bengaluru: Okta, the leading independent identity provider, on Wednesday announced the opening of an office in India as part of its ongoing commitment to driving secure digital transformation across Asia Pacific and worldclass customer support.
Centre to offload 50 LMT of wheat and 25 LMT of rice in open market
New Delhi: Food Corporation of India (FCI) will offload 50 lakh metric tonnes (LMT) of wheat and 25 LMT of rice in the open market, the Ministry of Food & Public Distribution said on Wednesday.
Zee Entertainment Q1FY24 PAT drops 97% YoY to Rs 3.9 cr
Mumbai: Zee Entertainment has reported a huge 97 percent decline in year-on-year (YoY) profit after tax (PAT) to Rs 3.9 crore for the first quarter of the fiscal year 2024, citing a weak advertising environment as the primary reason.
SEBI revises timeline for listing securities post IPO
Mumbai: Securities and Exchange Board of India (SEBI) has revised the timeline for listing securities after the conclusion of a public issue, reducing it from the current six working days to three days.
Govt gets selective with dumping duty, rejection rate jumps 43%: Report
New Delhi: As part of India's drive towards self-reliance (Atmanirbhar Bharat), the Finance Ministry is increasingly adopting a discerning approach in applying dumping duties, resulting in a rejection rate of 43 percent since August 2020, TOI reported.
Tata Power Q1FY24 PAT grows 29% YoY to Rs 1,140.97 cr
Mumbai: Tata Power Company Limited (Tata Power) announced a consolidated net profit of Rs 1,140.97 crore for the first quarter of FY 24, a year-on-year growth of 29 percent compared to a consolidated profit of Rs 883.54 crore in the previous year.
Indian Rupee improves 3 paise against USD
Mumbai: The Indian Rupee on Wednesday rose marginally by three paise to close at 82.85 on the selling of US Dollar by bankers and exporters amid a rebounding equity market, dealers at the Foreign Exchange said.
Indian Rupee improves 3 paise against USD
Mumbai: The Indian Rupee on Wednesday rose marginally by three paise to close at 82.85 on the selling of US Dollar by bankers and exporters amid a rebounding equity market, dealers at the Foreign Exchange said.
Sensex recovers 149.31 pts
Mumbai: The BSE Sensex on Wednesday recovered 149.31 pts to close at 65,995.81 on the strength of Metal, Consumer Durable, Oil and Gas and Energy stocks.
Kolkata witnesses 93% YoY surge in used car sales: Report
Kolkata: West Bengal’s capital Kolkata is witnessing a remarkable upswing in the demand for used cars, according to a report by the pre-owned cars buy and sell portal CARS24.
Akasa Air completes one year of commercial ops
Kolkata: Akasa Air on Tuesday completed one year of commercial operations in the Indian skies.
SEBI introduces new mechanism to correct erroneous off-market transfer of securities
Mumbai: Stock market regulator Securities and Exchange Board of India (SEBI) has introduced a new mechanism to rectify incorrect transfers of securities in demat accounts.
Coal India Limited Q1FY24 PAT drops 10% YoY to Rs 7,941.4 cr
Kolkata: State-owned Coal India Limited (CIL) announced a consolidated net profit of Rs 7,941.4 crore for the quarter ended June, marking a 10 percent decline compared to the Rs 8,834.22 crore reported in the same quarter of the previous year.
Brazil, South Africa next in India's for bilateral currency settlement plan
After agreements with United Arab Emirates (UAE) and Indonesia, India is considering the possibility of establishing bilateral agreements with important partners in Latin America and Africa to bolster trade using local currencies, thereby contributing to the broader goal of internationalizing the Indian rupee, Moneycontrol reported.
Online furniture marketplace Pepperfry's co-founder Ambareesh Murty dies of cardiac arrest
New Delhi: Online furniture marketplace Pepperfry’s co-founder Ambareesh Murty has died due to cardiac arrest, the company's second co-founder Ashish Shah announced in a post on X, formerly known as Twitter.
Indian-American teen Tanishka Dhariwal raises funds in USA to help Odisha train accident victims
An Indian-American girl has won hearts with her gesture as she raised more than USD 10,000 for PM CARES Fund to help the victims of the train accident in the eastern Indian state of Odisha earlier this year.
Indian-origin Vaibhav Taneja, who is also a Delhi University graduate, becomes Tesla's new Chief Financial Officer
Indan-origin and Delhi University graduate Vaibhav Taneja has been appointed as the new Chief Financial Officer of billionaire Elon Musk's firm Tesla.
Indian Rupee falls 10 paise against USD
Mumbai: The Indian Rupee on Tuesday drifted lower by 10 paise to close at 82.85 against the USD on brisk demand for US Dollar by bankers and importers amid sliding equity market, dealers at the Foreign Exchange said.
Madhya Pradesh government partners with SaaS-based assessment platform HireMee
Bhopal: Madhya Pradesh government’s skilling agency Madhya Pradesh State Skill Development & Employment Generation Board (MPSSDEGB) and the Directorate of Employment, Madhya Pradesh have partnered with talent acquisition and talent management startup, HireMee to help identify hidden talent and assist them in employability.
Indian Market: Sensex down 106.98 pts
Mumbai: The BSE Sensex on Tuesday slipped 106.98 pts to settle at 65,846.50 as selling was witnessed in Metal, Telecommunications, Utilities and Commodities stocks amid mixed trend in Asian Market.
Piyush Goyal says India will launch BRICS Startup Forum this year to facilitate collaboration among startups, investors, incubators
Union Commerce and Industry Minister Piyush Goyal has announced India will launch BRICS Startup Forum this year to facilitate collaboration among startups, investors, incubators and aspiring entrepreneurs.
Pepperfry's co-founder Ambareesh Murty, 51, dies of cardiac arrest during bike trip in Leh
Online marketplace Pepperfry's co-founder Ambareesh Murty has died due to cardiac arrest in Leh, his company's other co-founder Ashish Shah said.
Magadh Sugar & Energy Q1FY24 PAT stands at Rs 16 cr
Kolkata: Magadh Sugar & Energy Limited (MSEL) reported a Rs 16 crore Profit After Tax (PAT) in Q1FY24 against Rs 10 lakhs in Q1FY23.
Avadh Sugar & Energy reports Rs 682 cr revenue in Q1FY24
Kolkata: Avadh Sugar & Energy Limited (MSEL) reported a revenue of Rs 682 crore from operations in Q1FY24.
TVS supply chain solutions limited's initial public offering to open on Thursday
TVS Supply Chain Solutions Limited) proposes to open its initial public offering of Equity Shares on Thursday.
Bank of Baroda Q1FY24 net profit soars 88% YoY to Rs 4,070 crore; NII grows 24%
Public sector lender Bank of Baroda (BOB) on Saturday reported a standalone net profit of Rs 4,070 crore in Q1FY24, up 87.7 year-on-year compared to Rs 2,168 crore in the same quarter of the previous fiscal year.
IEMA propose to partner with Bengal govt to conduct market research, growth opportunities & challenges
Kolkata: IEEMA, the apex association of manufacturers of electrical, industrial electronics and allied equipment in India, has expressed willingness to partner with the West Bengal government in conducting market research to understand the current state of the electrical and electronics industry in West Bengal.