Honda Motorcycle & Scooter India sells 5,41,946 units in April
Gurugram: Honda Motorcycle & Scooter India (HMSI) today reported a double-digit growth in its overall sales for the month of April 2024.
Finance
Federal Bank Q4FY24 net profit grows 10% QoQ to Rs 906 cr; declares dividend
Mumbai: Federal Bank reported a net profit of Rs 906.30 crore for the quarter ended March 31, 2024.
Adani Green Energy secures USD 400 million from international banks for 750 MW power projects
Ahmedabad: Adani Group company Adani Green Energy Ltd (AGEL) on Thursday announced USD 400 million financing for its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks.
NPCI International partners with Bank of Namibia to deploy India’s UPI stack in Namibia
Mumbai: NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has signed an agreement with the Bank of Namibia (BoN) to support them in developing an instant payment system like Unified Payment Interface (UPI) for Namibia.
US Fed keeps key interest rates unchanged at 5.25 - 5.50% for sixth straight meet
Washington: The US Federal Reserve maintained interest rates at 5.25 percent - 5.50 percent on Wednesday for the sixth consecutive meeting, aligning with market expectations.
Godrej family amicably splits 127-yr-old business into two groups
Mumbai: The Godrej family on Wednesday announced a strategic split of its conglomerate, setting the stage for the creation of two distinct entities: Godrej Enterprises and Godrej Industries, media reports said.
Vedanta to invest $20 billion in India over next 4 yrs: Report
Vedanta's Chairman, Anil Agarwal, announced on Wednesday that the company plans to invest $20 billion in India across its various businesses within the next four years, media reports said.
Blackstone Group backed Aadhar Housing Finance IPO to open on May 8
Mumbai: Aadhar Housing Finance, a subsidiary of the Blackstone Group, is set to debut on Dalal Street with its initial public offering (IPO) worth Rs 3,000 crore on May 8, media reports said.
Coal India April prodn grows by 7.3% to 62 MT
Mumbai: State-owned entity Coal India Ltd (CIL) announced on Wednesday that its coal production for April rose by 7.3 percent to reach 61.8 million tonnes (MT).
Ambuja Cements Q4FY24 net profit rises 64% to Rs 1,055 cr
Mumbai: Ambuja Cements Limited reported a 63.60 percent year-on-year rise in consolidated net profit at Rs 1,055.16 crore for the quarter that ended on March 31 in the financial year 2023-24 (Q4FY24).
Adani Wilmar Q4FY24 consolidated profit soars 67% to Rs 156.75 cr
Mumbai: Adani Wilmar Ltd, primarily operating in the edible oil and food-FMCG sectors, announced a 67 percent surge in its consolidated net profit to Rs 156.75 crore for the quarter ending March, despite a decrease in revenue.
JSL to invest Rs 5,400 cr in capacity expansion over next 2 yrs
New Delhi: Jindal Stainless Ltd (JSL) on Wednesday revealed plans to invest Rs 5,400 crore in expanding its capacity to 4.2 million tonnes per annum, media reported.
April GST collection hits record high at Rs 2.1 lakh crore, up 12.4% y-o-y
New Delhi: India saw a record high in Goods and Services Tax (GST) revenue for April 2024, a 12.4 percent y-o-y increase, hitting a historic peak of Rs 2.1 lakh crore in gross terms, the Finance Ministry said on Wednesday.
Adani Power Q3FY24: Consolidated profit drops 48% YoY to Rs 2,737 cr
Ahmedabad: Adani Power, led by Gautam Adani, witnessed a 47.8 percent drop in its consolidated net profit to Rs 2,737 crore for the quarter ending March 2024 (Q4FY24).
TVS Motor Company registers sales growth of 25% in April
Two-wheeler manufacturer TVS Motor Company on Wednesday said it registered a growth of 25% with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.
Ensuring Family Health: Understanding Your Options in Medical Insurance Plans
Ensuring the health and well-being of our family members is incredibly important nowadays. With medical costs going up and unexpected health issues cropping up, having a solid health insurance plan is a must. In this blog, we'll talk about health insurance plans for families. We'll see how they're crucial for keeping our loved ones healthy and secure.
Google wraps up Flutter, Dart, and Python teams; sudden job loss leaves employees in shock
Google has terminated employees from various technology teams, such as Flutter, Dart, and Python, among others, media reports said.
REC Ltd Q4FY24 net profit soars 34% to Rs 4,016 cr
New Delhi: Public infrastructure finance company REC Limited reported a net profit of Rs 4,016 crores for the fourth quarter of fiscal year 2024, an increase of 34% from Rs 3,001 crores recorded in the same period of the previous fiscal year.
NHPC signs MoU with Norwegian firm for implementation of floating solar energy technology in India
New Delhi: NHPC Limited, the largest organization for hydropower development in India, signed a Memorandum of Understanding (MoU) with Norwegian company Ocean Sun operating as a technology provider to the floating solar industry.
IOC Q4FY24 standalone net profit falls 52% to Rs 4,838 cr
New Delhi: Public sector undertaking Indian Oil Corporation (IOC) reported a standalone net profit of Rs 4,838 crore, a decline of 52% for the quarter ending in March.
Adani Total Gas Q4FY24 net profit jumps 71% to Rs 168 cr
Ahmedabad: Adani Total Gas on Tuesday reported a notable rise of 71% in its consolidated net profit for the fourth quarter of the financial year 2023-24 to Rs 167.96 crore compared to Rs 97.91 crore the previous year.
IMF revises India's FY25 GDP growth by 30 bps to 6.8% on buoyant domestic demand
New Delhi: The International Monetary Fund (IMF) revised India's GDP growth projection for 2024-25 upward by 30 basis points to 6.8% in its update to the World Economic Outlook (WEO) on the back of buoyant domestic demand in the country.
TAC Security appointed as cybersecurity assessor for Microsoft & Meta-led App Defense Alliance
Mumbai: Cybersecurity company TAC Security has been appointed as a key Cyber Security Assessor for the app Defense Alliance (ADA).
Central Bank of India Q4FY24: Net profit jumps 41% to Rs 807 cr
Mumbai: The Central Bank of India reported a 41.33% jump in Q4FY24 net profit to Rs 807 crore for the quarter and by 61.13% to Rs 2,549 crore for the fiscal year.
UCO Bank Q4FY24: PAT down 9.5% YoY to Rs 526 cr due to higher provisioning
Kolkata: Public sector lender UCO Bank reported a 9.5% decrease in year-on-year net profit for the March quarter, totaling Rs 526 crore, primarily attributed to increased operating expenses, compared to the net profit of Rs 581 crore in the corresponding period last year.
Tesla lays off more senior executives weeks after reducing 10 percent global workforce
Elon Musk's Tesla is laying off more employees and it includes senior executives and long-time veterans of the company, media reports said.
India's GDP growth may cross 7 percent this year, says NCAER in its Monthly Economic Review for April
The National Council of Applied Economic Research (NCAER) on Monday said the Indian economy can attain growth rates higher than 7 per cent during the current fiscal year.
Indian Market: Sensex jumps 941.12 points
The BSE Sensex on Monday posted massive gains of 941.12 points to close strong at 74671.28 following the gains of Bankex, Oil and Gas, Financial Services, and Utilities stocks.
Goa Shipyard Limited signs MoU with Netherlands-based Damen Shipyards in field of e-Tugs
The Indian Defence Ministry’s Goa Shipyard Limited signed a Memorandum of Understanding (MoU) with Damen Shipyards for collaboration in the sector of e-Tugs.
Lavender and Gospel: Israeli armed forces opened AI arsenal to destroy thousands of Hamas operatives
The Israeli military used advanced artificial intelligence (AI) systems, named Lavender and Gospel, in its bombing operations in Gaza, reports suggest.