ED attaches Hero MotoCorp Exec Chairman Pawan Munjal's property worth Rs 25 cr
New Delhi: The provisional attachment carried out under the Prevention of Money Laundering Act (PMLA), includes three immovable properties situated in Delhi.
Finance
Gross Direct Tax collection grows 18% YoY to Rs 12 lakh cr up to Nov 9
New Delhi: The Direct Tax collections up to November 9, 2023, continued to register steady growth with the Gross Direct Tax collections witnessing a 17.59% growth to Rs 12.37 lakh crore, compared to the corresponding period of last year.
NHAI accepts first Insurance Surety Bond as bid security for NHAI TOT Bid for monetisation
New Delhi: To boost the liquidity and capacity of bidders, NHAI has accepted an Insurance Surety Bond for the monetization program of the upcoming bid of Toll Operate Transfer (TOT) Bundle 14.
India's maiden banana shipment to Netherlands signals potential for $1 billion export boost in 5 yrs
New Delhi: The Agricultural and Processed Food Products Export Development Authority (APEDA), operating under the Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh bananas to the Netherlands, by InI Farms, via a sea route.
ONGC Q2FY24 PAT jumps 142% to Rs 16,553 cr
Mumbai: Oil and Natural Gas Corporation Limited (ONGC) Friday disclosed a massive 142.4 percent surge in its consolidated net profit at Rs 16,553 crore during the second quarter of the fiscal year 2023-24.
LIC Q2FY24 profit DROPS 50% to Rs 15,952 cr
Mumbai: Life Insurance Corporation (LIC) of India declared a 50 percent decrease in net profit, amounting to Rs 7,925 crore, for the quarter ending on September 30, 2023. This marks a massive drop from the net profit of Rs 15,952 crore reported during the corresponding period last year.
Coal India Ltd consolidated PAT grows 13% YoY to Rs 6,800 cr
Mumbai: State-run miner Coal India Ltd Friday announced a 12.5 percent year-on-year increase in its consolidated net profit at Rs 6,800 crore for the quarter ending September 30, 2023, compared to Rs 6,043.5 crore in the same period last year.
Rupee opens steady at 83.28 against USD
Mumbai/UNI: The Rupee on Friday opened on a flat note at 83.28 on selling of US Dollar by bankers and exporters, dealers at the Foreign Exchange said.
Sensex down by over 200 points
Mumbai/UNI: The BSE Sensex on Friday lost another 214.49 pts at 64,617.71 as selling was seen across the board.
Bridgestone India's Indore Plant rolls out 100 millionth tyre
Kolkata: Bridgestone India, part of Bridgestone Corporation, on Monday said its Indore plant rolled out 100 millionth tyre, an achievement coinciding with the tyre manufacturer's silver jubilee in India.
Former Miss India and Yale University grad Aditi Arya weds Uday Kotak's son Jay Kotak
Mumbai: Former Miss India Aditi Arya, who also holds an MBA from Yale University, recently got married to Jay Kotak, the son of billionaire banker Uday Kotak, at the Jio Convention Centre in Mumbai. The additional celebrations took place in Udaipur, reported MoneyControl.
Hinduja Global Solutions Q2FY24 consolidated profit drops 92% to Rs 223 cr, grows 11% QoQ
Mumbai: Business process management company Hinduja Global Solutions declared a consolidated profit of Rs 18.4 crore in the quarter ending September 30, 2023, down approximately 92%, compared to Rs 222.88 crore in the same quarter last year.
ICICI Bank gets RBI's nod to make ICICI Securities wholly-owned subsidiary
Mumbai: ICICI Bank Thursday said it has received approval from the Reserve Bank of India to make ICICI Securities its wholly-owned subsidiary.
Piyush Goyal, Elon Musk meeting in US amid reports of Tesla's entry to Indian market with imported cars: Report
New Delhi: Union Commerce and Industry Minister Piyush Goyal, is scheduled to meet with Tesla CEO Elon Musk in the United States next week to further the U.S. carmaker's efforts to enter the Indian market as New Delhi looks to protect its interests in the deal, Reuters reported.
Apollo Tyres Q2 net profit jumps 164% to Rs 6,280 cr
Gurugram: Apollo Tyres Ltd Wednesday reported a net profit of Rs 474 crores for the quarter ended September 30, 2023, up 164%, as against Rs 179 crores in the same period last fiscal.
US invests $553 million Adani port in Sri Lanka amid growing Chinese influence
Colombo: U.S. International Development Finance Corporation (DFC) has announced a funding of $553 million in Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority.
Reliance Capital reports consolidated net loss of Rs 239 cr in Q2
New Delhi: Reliance Capital reported a consolidated net loss of Rs 239 crore for the quarter ending on September 30, 2023-24.
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.
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.