JSW Steel gets back to profitable position with Rs 2,773 cr net profit in Q2FY24
Mumbai: JSW Steel marked a return to profitability with a consolidated net profit of Rs 2,773 crore for the July-September period.
Finance
Central Bank of India reports Q2FY24 net profit of Rs 605 cr; NII grows 10%
Mumbai: State-owned Central Bank of India announced a net profit of Rs 605.4 crore for the fiscal quarter spanning July to September.
RBI planning to conduct open market sales of bonds
Mumbai: India's Central bank, the Reserve Bank of India (RBI), is planning to conduct open market sales of bonds once government spending increases and there is an improvement in durable liquidity surplus, Reuters reported.
India Semiconductor R&D Committee submits report on India Semiconductor Research Centre (ISRC)
New Delhi: The Ministry of Electronics and Information Technology (MeitY) committee has proposed establishing the India Semiconductor Research Centre (ISRC) at an estimated cost of $2.5-3 billion.
Paytm reports 32% jump in revenue to Rs 2,519 cr in Q2FY24, loss narrows to Rs 292 cr
Mumbai: One97 Communications, the parent company of Paytm, posted a consolidated revenue of Rs 2,519 crore for the second quarter ending September 2023, indicating a 32 percent increase compared to Rs 1,914 crore in the previous year, media reported.
Indian Market: Sensex drops 231.62 pts to close at 65,397.62
The equity market remained negative for the third straight session on Friday, as the BSE Sensex tanked 231.62 pts to close at 65,397.62 due to weak trends in global markets and soaring crude oil prices.
Tyre company Bridgestone India to support 1,00,000 rubber farmers in Kerala
Kolkata/Pune: Tyre manufacturer Bridgestone India Thursday nnounced a commitment to adopt and support one lakh smallholder rubber farmers in Idukki and Kottayam districts in Kerala.
Tata Motors buys 27% stake in Freight Tiger for Rs 150 cr
Mumbai: Tata Motors on Thursday signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) with Freight Commerce Solutions Pvt Ltd for the acquisition of a 26.79% stake in Freight Tiger for a consideration of Rs 150 crore.
ITC Q2FY24 PAT grows 10% YoY to 4,927 cr
Kolkata: ITC Ltd announced a standalone net profit of Rs 4,926.96 crore for the September quarter of the current fiscal year, up 10.32% year-on-year (YoY).
India likely to achieve fiscal deficit target despite high expenses: IMF
New Delhi: The International Monetary Fund (IMF) stated on Thursday that India has the capacity to incorporate additional spending on subsidies and rural employment initiatives without surpassing the current fiscal deficit target of 5.9% set for this financial year.
Blinkit's revenue jumps 207% to Rs 724 cr in FY23, loss widens to Rs 1,190 cr
Mumbai: Blinkit reported a substantial surge in revenue from operations, marking a 207 percent increase to Rs 724 crore. This follows its transition to quick commerce in December 2021 and subsequent acquisition by Zomato.
Best Mutual Funds to Start SIP in 2023
SIPs have carved a distinct space in the investment choices of Indians. By breaking down investments into manageable chunks, they make mutual funds more accessible. But with this ease, there's a challenge: selecting the right mutual fund. Your choice can be a determinant of your financial growth. Looking for growth avenues and the best mutual funds to invest in? Let us help you find the right SIP investment match for your portfolio.
Google lays off 40 to 45 in Google News: Report
Tech giant Google has recently downsized its news division, with nearly 40 to 45 employees in Google News reportedly losing their positions, according to a spokesperson from the Alphabet Workers Union, reported CNBC.
Adani Energy Solutions commissions biggest inter-regional 765 KV transmission line across Maharashtra, Telangana, and Andhra Pradesh
Warangal: Adani Energy Solutions Ltd has successfully commissioned the Warora Kurnool Transmission line, covering 1,756 circuit kms across Maharashtra, Telangana, and Andhra Pradesh.
Bandhan Bank reports net profit up 244% YoY at Rs. 721 crore for second quarter
Kolkata/IBNS: Bandhan Bank Wednesday announced its financial results for the second quarter of the financial year 2023-24. The bank’s retail loan book grew at a healthy 81% further strengthening its portfolio diversification agenda.
Bandhan Bank says its retail loan book grew 81 pct
Bandhan Bank on Wednesday announced its financial results for the second quarter of the financial year 2023-24 where it said its retail loan book grew at a healthy 81% further strengthening the Bank’s portfolio diversification agenda.
Business loan or Advance! What is the difference between these two?
Running a business often requires financial assistance to cover various expenses, whether it's for expansion, purchasing equipment, or managing cash flow. In the world of business finance, two common options are Business Loans and Business Advances. While they both provide access to much-needed capital, they operate differently and serve distinct purposes. In this blog, we will discover the key differences between Business Loans and Business Advances, helping you make an informed decision for your business financing needs.
PM Modi lays foundation stone for mega container terminal at Gujarat's Tuna-Tekra at Deendayal Port
New Delhi: Prime Minister Narendra Modi laid the foundation stone for the new 2.19 million TEU per annum mega-container terminal on India’s western coast Tuna-Tekra at Deendayal Port on Tuesday.
PwC India, Workiva partner to help Indian enterprises automate risk and compliance functions
Mumbai: PwC India Tuesday announced a strategic partnership with Workiva, a cloud platform for integrated reporting to meet increasing demands in India for accurate and transparent disclosures and Governance, Risk and Compliance (GRC).
Indian Market: Sensex recovers 261.16 pts
The BSE Sensex on Tuesday jumped 261.16 pts to close at 66,428.09 on the strength of Utilities, Power, Energy stocks.
Chevron Australia LNG workers to get back on strike as negotiation fail
Sydney: Workers at Chevron Australia's liquefied natural gas (LNG) facilities are expected to resume their strikes on Thursday, as talks between the unions and the energy giant failed in the deal-finalisation phase.
Sensex tumbles by 42 points
Mumbai/UNI: The BSE Sensex on Monday declined by 42:05 points to 66,237.41 as selling was seen in FMCG, finance, and health care stocks.
Govt to double manpower for processing Intellectual Property applications
New Delhi: The government will double the manpower for processing Intellectual Property (IP) applications, and the process will be streamlined and made more transparent, Commerce & Industry Minister Piyush Goyal said on Friday.
REC inks MoU with NICSI for ICT and digital transformation
New Delhi: State-owned company REC, formerly known as Rural Electrification Corporation Ltd has signed a Memorandum of Understanding with National Informatics Centre Services Inc. (NICSI),
India's imports from Russia soar 67% to $30.42 billion in April-Sept
New Delhi: India's imports from Russia in the April-September period of this fiscal year surged by approximately 67 percent to USD 30.42 billion.
HDFC Life Insurance Q2FY24 net profit grows 15% YoY to Rs 376 cr
Mumbai: HDFC Life Insurance, a private sector insurance company, Friday announced a net profit of Rs 376 crore in the September quarter of the financial year 2023-24.
Tata Motors to sell 9.9% stake in IPO-bound subsidiary Tata Technologies
Mumbai: Tata Motors Limited (TML) is divesting a 9.9 percent stake in its IPO-bound subsidiary, Tata Technologies (TTL), for Rs 1613.7 crore as part of its strategy to reduce debt.
Microsoft successfully completes mega $69 billion Activision purchase deal
London: Microsoft has successfully finalized its $69 billion acquisition of Activision Blizzard, marking a significant move in the video game industry, Bloomberg reported.
JPMorgan's Q3 profit rises on the back surge in NII, First Republic Bank acquisition
New York: JPMorgan Chase reported an increase in its third-quarter profit, boosted by higher interest payments and the acquisition of First Republic Bank, Reuters reported.
RBI imposes Rs 8.50 lakh penalty on Bajaj Finance
Mumbai: The Reserve Bank of India (RBI) on Friday slapped a fine of Rs 8.50 lakh penalty on Bajaj Finance for violation of the rule pertaining to reporting of frauds.