Zomato records Rs 36 cr Q2FY24 net profit
Mumbai: Online food delivery platform Zomato continued its impressive performance in the second quarter of FY24, recording a profit of Rs 36 crore
Finance
Raymond Group to take over Maini Precision Products Ltd
Mumbai: Raymond Group has announced the acquisition of a 59.25 percent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals.
Hyderabad International Airport embarks on phase-wise expansion
Hyderabad: In order to cater to the rising demand in passenger traffic and augment the passenger handling capacity, GMR Hyderabad International Airport (GHIA) has embarked on a phase-wise expansion.
Intel to provide expertise to 8 Indian companies to create 'Make In India' laptops
Leading tech company Intel has joined forces with eight Indian firms located in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Tamil Nadu, and Haryana to accelerate the production of laptops in the country, media reports said.
InterGlobe Aviation posts Rs 189 crore profit in Q2
New Delhi: InterGlobe Aviation, the company that operates IndiGo Airlines, on Friday reported a Rs 188.9 crore consolidated net profit for the September quarter (Q2) of the current financial year 2023-24 as against a net loss of Rs 1,583.3 crore in the same period a year ago.
Saudi Arabia eyeing a major share in lucrative Indian Premier League: Report
New Delhi: Saudi Arabia is interested in buying a significant stake in the Indian Premier League (IPL), a highly profitable international cricket event, Bloomberg reported.
Indian Market: Sensex up 282.88 pts
The BSE Sensex on Friday advanced further by 282.88 pts to close at 64,363.78 following gains in Titan, Tech Mahindra, Tata Motors and JSW Steel stocks amidst. positive Asian Market.
Sensex up by over 300 points
Mumbai/UNI: The BSE Sensex on Friday rallied further by 392.08 points to 64,472.98 in the opening session as buying was seen across the board.
L&T raises Rs 1,500 crore via Non-Convertible Debentures
Mumbai: Engineering firm Larsen and Toubro (L&T) Thursday announced that it has garnered Rs 1,500 crore via Non-Convertible Debentures (NCDs).
Adani Enterprises profit falls 51% YoY in Q2FY24 to Rs 228 cr
Mumbai: Gautam Adani-led Adani Group’s flagship company Adani Enterprises Ltd on Thursday reported a 50.57% year-on-year (YoY) decline in consolidated net profit at Rs 227.80 crore for the quarter ended September 2023.
NTPC's Oct coal prodn from captive mines soars 86% YoY
New Delhi: State-run power major NTPC on Thursday reported a substantial 86% year-on-year growth in coal production from its captive mines in April-October period of 2023-24.
Can't demand 70 hrs work with 20 hrs salary: Myntra founder Mukesh Bansal on Narayan Murthy's 70 hrs work week remark
It has been a number of days, but the discussion regarding India's work productivity, started by Infosys founder NR Narayana Murthy's statement about a '70-hour work week', remains a topic of ongoing debate.
Reliance e-commerce platform Ajio launches content-driven D2C platform Ajiogram
Mumbai: Reliance Industries-owned fashion e-commerce platform Ajio Thursday launched Ajiogram, a content-driven interactive e-commerce platform focused on Direct-to-Consumer (D2C) brands.
Odisha Police investigating individuals queuing up in large numbers to exchange Rs 2,000 notes: Report
Bhubaneshwar: Over the past three to four days, a large number of people have been lining up outside the regional office of the Reserve Bank of India (RBI) in Bhubaneswar to swap Rs 2,000 notes, Indian Express reported.
Hero MotoCorp Executive Chairman Pawan Munjal to take 20% pay reduction
Mumbai: Hero MotoCorp Ltd on Wednesday announced that its board has given the green light to Executive Chairman Pawan Munjal's voluntary decision to decrease his fixed salary by 20%.
Sun Pharma FY24 Sept qtr net profit grows 5% to Rs 2,376 cr
Mumbai: Leading pharma company Sun Pharmaceutical Industries Ltd Wednesday reported a 5% increase in its net profit for the July-September quarter, reaching Rs 2,375.5 crore compared to Rs 2,262.2 crore in the corresponding period last year.
Maruti Suzuki India reports top monthly sales performance in Oct
Gurugram: Maruti Suzuki India reported its highest-ever monthly sales in October 2023, with nearly 200,000 units sold, driven by strong performance in the domestic market, particularly in the compact and utility vehicle segments, as well as impressive export numbers.
Tata Steel reports consolidated net loss of Rs 6,511 cr in Q2FY24; revenue stands at Rs 55,682 cr
Mumbai: Tata Steel recorded a consolidated net loss of Rs 6,511 crore in the second quarter of the fiscal year 2023-24, marking a significant contrast from the Rs 1,297 crore net profit reported in the corresponding period of the previous year.
US Federal Reserve keeps key rates unchanged in a unanimous decision
Washington DC: The Federal Reserve, which is the Central bank of the United States, on Wednesday, opted to keep interest rates steady at their highest level in 22 years for the second consecutive meeting, Bloomberg reported.
Indian Railways achieves 887.24 MT freight loading till Oct 2023
Indian Railways transported 887.25 million tons of freight between April and October 2023, an increase of about 31.61 million tons compared to the same period last year when they transported 855.64 million tons, the Ministry of Railways said on Wednesday.
After a pause of 4 yrs, India, Sri Lanka resume ETCA negotiations
Colombo: India and Sri Lanka held the 12th round of negotiations on the Economic and Technology Cooperation Agreement (ETCA) in Colombo from October 30 to November 1.
Over 7.65 crore ITRs filed for AY 2023-24 till Oct 31 11.7% higher Y-o-Y
New Delhi: The Income Tax Department registered a record number of filing of Income Tax Returns (ITRs) till 31st October, which was the due date for filing of ITRs for taxpayers not having any international or specified domestic transaction, Ministry of Finance said on Wednesday.
L&T aims to divest stake in Hyderabad Metro in 2.5 yrs: Report
Mumbai: Engineering and construction major Larsen & Toubro (L&T) aims to sell its share in the Hyderabad Metro project within the next two, or possibly two and a half, years, Moneycontrol reported.
Hero MotoCorp Q2FY24 net profit jumps 47% to Rs 1,054 cr
Mumbai: Hero MotoCorp announced a 47 percent increase in net profit, reaching Rs 1,054 crore for the quarter ending on September 30, 2023, a significant rise from the Rs 716 crore profit recorded in the same period last year.
SEBI modifies offer document format of mutual fund schemes
Mumbai: In order to enhance the efficient dissemination of relevant information to investors, the Securities and Exchange Board of India (SEBI) has modified the format that asset management companies (AMCs) use for submitting offer documents of mutual fund schemes.
October GST collection tops Rs 1.72 lakh crore
On the back of economic activities and anti evasion measures by the government, the Goods and Services Tax (GST) mop-up topped Rs 1.72 lakh crore in the month of October 2023 recording 13% year-on-year growth.
Sensex falls by over 100 points
Mumbai/UNI: The BSE Sensex on Wednesday lost further by 170.77 points at 63,704.16 in the opening session as selling was seen in metal, power, and technology stocks.
TCPL Q2FY24 PAT stands at 359 cr
Mumbai: Tata Consumer Products Ltd. (TCPL) announced a consolidated net profit of Rs 359.18 crore for the September quarter of FY24, marking a 1.18 percent increase from Rs 354.98 crore in the same period of the previous fiscal year. The group's consolidated net profit amounted to Rs 363.98 crore.
Closely 'watching' high attrition rate in pvt banks: RBI Guv Shaktikanta Das
New Delhi: RBI Governor Shaktikanta Das on Tuesday commented on the high attrition rates observed in certain private sector banks, emphasising that the Central bank is closely monitoring this issue, a report in the media said.
Bharti Airtel Sept atr net profit falls 38% to Rs 1,340.7 cr
Mumbai: Bharti Airtel on Tuesday announced that its combined net earnings for the quarter concluding in September stood at Rs 1,340.7 crore, a decrease of 37.50 percent compared to Rs 2,145.2 crore in the same period the previous year.