BHEL reports consolidated net loss of Rs 238 cr in Sept qtr
Mumbai: State-owned engineering company Bharat Heavy Electricals Ltd (BHEL) announced a consolidated net loss of Rs 238.12 crore for the September quarter of the fiscal year 2023-24.
Finance
Air India poised to restore entire 'long grounded' fleet since Tata Group took reins
Mumbai: Air India is set to restore its entire "long-grounded" fleet, which has been out of operation since the Tata Group took over two years ago.
India mulling 39% cut in tariff on EV imports to finalise FTA with UK
New Delhi: India is considering a proposal to decrease import taxes on certain electric vehicles from the UK in order to finalise a free-trade agreement between the two nations by the end of this year, Bloomberg reported, citing sources.
Oil India Q2FY24 consolidated net profit falls 70% to Rs 640 cr
New Delhi: Oil India Limited (OIL) Wednesday reported a 70 percent decrease in its consolidated net profit compared to the same period last year, at Rs 640 crore for the second quarter of the fiscal year 2023-24.
Tesla likely to import cars from Germany in intial phase to enter Indian market: Report
New Delhi: Tesla will launch its entry into the Indian market with direct imports from its German Gigafactory, contrary to earlier reports that the Elon Musk-led company would manufacture cars in India, media reported.
Tata Power Company Q2FY24 consolidated net profit grows 9% to Rs 1,017 cr
Mumbai: Tata Power Company Ltd reported a consolidated net profit of Rs 1,017.41 crore for the second quarter of FY 24, marking 8.79 percent YoY growth over Rs 935.18 crore reported last year.
Indian Market: Sensex improves 33.21 pts
The BSE Sensex on Wednesday ended positive at 64,975.61, rising 33.21 pts following gains in Asian Paints, Titan and JSW Steel.
Rahul Kothari appointed as Razorpay's Chief Operating Officer for India and Singapore
Mumbai: Rahul Kothari, formerly the Chief Business Officer (CBO) of Razorpay, has been appointed as the Chief Operating Officer (COO) for India and Malaysia.
Shriram Capital seeks RBI nod for Asset Reconstruction Company license
Mumbai: Shriram Capital has applied for an Asset Reconstruction Company (ARC) license from the Reserve Bank of India (RBI), Moneycontrol reported.
NHPC Q2FY24 standalone PAT stands at Rs 2,500 cr
New Delhi: NHPC, a Mini Ratna Category-I Enterprise of the Govt. of India, has registered the highest ever half-yearly standalone Profit after Tax (PAT) of Rs. 2,500 crores, against Rs. 2,483 crores for the corresponding previous half-year.
Centre approves early release of Rs 72,961 cr in tax devolution to states due to festive season
New Delhi: In view of the approaching festive season, the Union Government has granted approval for the disbursement of Rs 72,961.21 crore in tax devolution to State Governments for November 2023, the Ministry of Finance said on Tuesday.
'4.56% Govt Security 2023’ to be fully repaid Nov 29
New Delhi: The '4.56% Government Securities 2023' will be fully repaid on November 29, 2023, without any additional interest after this date, the Ministry of Finance said in a communique on Tuesday.
National Coal Index rose by 3.83 points in Sept
New Delhi: The National Coal Index (NCI) rose marginally by 3.83 points to 143.91 in September 2023 after April 2023 due to the temporary rise of coal prices in global markets, the Ministry of Coal said on Tuesday.
Power Grid Corporation of India reports Q2FY24 consolidated net profit of Rs 3,781.42 cr
Mumbai: The Power Grid Corporation of India Tuesday reported Rs 3,781.42 crore as its consolidated net earnings for the quarter ending September 30, 2023, up 3.59 percent compared to Rs 3,650.29 crore the previous year primarily driven by lower expenses, although higher taxes partially offset the gains.
IRCT q2fy24 PAT grows 30% YoY to 294.67 cr
Mumbai: Indian Railway Catering and Tourism Corporation Ltd. (IRCTC) on Tuesday announced a net profit of Rs 294.67 crore for the September quarter of FY24, showing a 30.36 percent increase from the Rs 226.03 crore reported in the same quarter of the previous fiscal year.
Sensex drops marginally by 16.29 pts
Snapping a winning streak of last three sessions, the BSE Sensex declined 16.29 pts to close at 64,942.40 on profit booking by local operators.
Rupee falls 4 paise against USD
Mumbai/UNI; The rupee on Tuesday slipped four paise to 83.25 in the opening session on rising demand for the US dollar by bankers and importers, dealers at the Foreign Exchange said.
Indian Market: Sensex rises 63 points
The BSE Sensex continued to rise on Tuesday too, as it advanced by 63 points to open at 65,021.29 in the opening session as buying was seen in Utilities, Health Care, and Commodities stocks.
Indian Market: Sensex soars 594.91 points
Extending its rally for the third consecutive session on Monday, the BSE Sensex edged up 594.91 pts to close high at 64,958.69 following gains in metal, capital goods, industrials, and commodities stocks amid positive global cues.
Securing a Personal Loan with a Low CIBIL Score: What You Need to Know
Personal Loans are the most convenient financing options if you need additional funds to meet various planned or urgent expenses. Since these loans have no usage restrictions, you can use them for any personal purpose like a wedding, medical emergency, higher education, home renovation, or vacation. However, since these are unsecured loans, you must convince the lender of timely repayment to get approval.
Adani's Mundra port logs highest-ever cargo volume in October
New Delhi/UNI: Adani group's Mundra Port handled 16.1 million metric tonne (MMT) of cargo in October, 2023 recording the highest-ever volume by any port in India, Adani Ports and Special Economic Zone Ltd (APSEZ) said in a statement on Sunday.
Trouble edtech startup Byju's reports Rs 2,250 cr loss in its delayed financial results
Bengaluru: Education startup Byju's finally released its financial results on Saturday, after several delays. The results revealed that its parent company, Think & Learn Pvt., reported a slight reduction in losses, despite a surge in business during the pandemic.
Bank of Baroda Q2FY24 net profit up 28% to Rs 4,253 cr
Mumbai: State-run lender Bank of Baroda (BoB) recorded a 28.4% increase in net profit in the second quarter of the FY24 at Rs 4,253 crore, compared to the same period last year.
26 National Highway projects worth Rs 17,500 cr unveiled in Assam
Guwahati: Union Minister Nitin Gadkari and Assam CM Dr. Himanta Biswa Sarma inaugurated 26 national highway projects worth Rs 17,500 crore in Guwahati.
Unused X handles on sale, prices start from $50,000: Report
San Francisco: Elon Musk's social media platform, formerly known as Twitter but now renamed as X, is offering unused user accounts for sale, with prices starting at $50,000 and above.
Central Vigilance Commissioner visits Coal India
Coal India Limited has observed Vigilance Awareness Week (VAW) 2023 with a list of activities conducted from October 30 onwards. The VAW concludes on November 5, 2023.
SBI Q2FY24 net profit goes up 8% to Rs 14,330; NII stands at Rs 39,500 cr
Mumbai: State Bank of India (SBI) has announced a net profit of Rs 14,330 crore for the July-September quarter of FY24, marking an 8-percent increase from the Rs 13,265 crore recorded in the same period the previous year.
UCO Bank Q2FY24 net profit falls 20% YoY to Rs 401.67 cr; NII stands at Rs 5,219 cr
Kolkata: UCO Bank on Friday reported a 20.3 percent fall in its net profit in the September quarter to Rs 401.67 crore as compared to Rs 504.52 crore in the same quarter last year.
JSW Infrastructure reports Rs 256 net profit in Q2FY24
Mumbai: JSW Infrastructure Ltd on Friday reported a company specializing in commercial port operations, announced a substantial 85 percent increase in its combined earnings, reaching Rs 255.87 crore for the quarter concluding on September 30, 2023.
Larsen & Toubro divests 100% stake in L&T Infrastructure Engineering Ltd
Mumbai: Engineering giant Larsen & Toubro (L&T) Friday said it has sold its 100% stake in L&T Infrastructure Engineering Limited (LTIEL) to STUP Consultants Private Limited, a subsidiary of Assystem SA of France, a press statement said.