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Tuesday, 29 Oct 2024 | Refresh
01:30 PM
Canara Bank Q2 Profit Up 11% to Rs 4,015 Crore
Canara Bank reported an 11% rise in Q2 net profit to Rs 4,015 crore, driven by improved asset quality and higher interest income. Gross NPAs declined to 3.73% from 4.76% a year ago.
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01:30 PM
Silver Prices Surge on Spot Demand - PTI
Silver futures jumped on the Multi Commodity Exchange on Tuesday, driven by increased spot demand. Prices closed at Rs 97,700 per kg, up 0.28%.
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01:28 PM
Gold Futures Surge: Price Hits Rs 78,795/10g - PTI
Gold prices in India rose on Tuesday, driven by strong spot demand and increased futures trading. Global gold futures also saw a rise in New York.
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01:22 PM
Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices declined on Tuesday due to soft demand and weak trends in spot markets. The decline was attributed to sell-off by participants at existing levels.
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01:20 PM
Aluminium Futures Drop on Weak Demand
Aluminium futures prices fell on Tuesday due to weak demand from consuming industries. The Multi Commodity Exchange saw aluminium prices decline by 35 paise to Rs 242.65 per kg.
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01:13 PM
Crude Oil Futures Fall on Weak Spot Demand - PTI
Crude oil futures declined on the Multi Commodity Exchange due to lower demand. WTI and Brent crude prices rose in global markets. Read more.
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01:03 PM
Karnataka Launches Startup Programs ELEVATE & KAN
Karnataka Minister Priyank Kharge unveiled two flagship startup programs, ELEVATE 2024 and KAN, aimed at empowering early-stage and growth startups in the state.
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12:37 PM
Chola MS General Insurance PBT Rises 60% to Rs 350 cr
Chola MS General Insurance reported a 60% increase in profits before tax for the six months ending September 30, 2024, reaching Rs 350 crore. The company attributed the rise to non-recurring income and sustained growth strategy.
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12:12 PM
Dhanteras 2023: Slow Start, Jewellers Expect Rush | Gold Price Impact
Dhanteras 2023 has begun with slow footfalls, but jewellers remain optimistic, expecting a surge in the evening. High gold prices may impact sales despite an extended festival period.
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11:52 AM
LG Electronics India Revenue & Profit Up in FY24: Tofler Data
LG Electronics India posted a 12.35% rise in profit to Rs 1,511.1 crore for FY24, with revenue growing 7.48% to Rs 21,352 crore, according to Tofler data.
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11:16 AM
Renewable Energy Growth in India: SEforALL Highlights Opportunities
SEforALL highlights significant growth opportunities for renewable energy in India, driven by increasing energy demand and government commitment. Learn about India's ambitious targets and ongoing projects.
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11:00 AM
Brazil Joins India in Rejecting China's BRI
Brazil becomes the second BRICS nation, after India, to decline participation in China's Belt and Road Initiative (BRI), citing concerns over potential risks and a desire for alternative collaborations.
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10:46 AM
Brazil Joins India, Rejects China's BRI
Brazil has become the second BRICS nation after India to reject China's Belt and Road Initiative, citing concerns over potential debt traps and seeking alternative collaborations with Chinese investors.
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10:41 AM
JSW, POSCO Partner for 5 MTPA Steel Plant in India
JSW Group and POSCO Group have signed an MoU to build a 5 MTPA steel plant in India. The partnership also explores opportunities in battery materials and renewable energy.
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10:02 AM
Rupee Opens Flat at 84.08 vs US Dollar
The Indian rupee opened flat at 84.08 against the US dollar on Tuesday, influenced by foreign fund outflows and a strong dollar. Brent crude rose slightly.
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10:00 AM
Indian Stock Markets Fall on FII Outflows - Sensex Down 322 Points
Indian equity benchmarks, Sensex and Nifty, fell in early trade on Tuesday, driven by continuous foreign fund outflows and muted corporate earnings. FIIs offloaded Rs 3,228 crore worth of equities on Monday. Read more.
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28 Oct, 2024
Tata Power Acquires 40% Stake in Bhutan's Khorlochhu Hydro Power
Tata Power has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. The company will develop the hydro project at an estimated cost of Rs 6,900 crore.
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28 Oct, 2024
BRICS Summit in Kazan: New Agenda Shaping, Says Russia
Russia highlights the success of the BRICS Summit in Kazan, emphasizing the formation of a 'new constructive agenda' and the grouping's commitment to practical cooperation and international coordination.
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28 Oct, 2024
Air India Suspends Cabin Crew Over Room-Sharing Policy
Air India has suspended 10 cabin crew members for allegedly instigating protests against a revised policy that requires room-sharing during layovers. The policy is set to be effective from December 1, ahead of the merger of Vistara with Air India.
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28 Oct, 2024
Prestige Group Buys Land in Bengaluru for Housing Project - Rs 462 Cr
Prestige Group acquires 17.45 acres in Bengaluru's Whitefield for Rs 462 crore to develop a 2.68 million sq ft housing project, expanding its presence in the city.
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28 Oct, 2024
Air India Flight Makes Emergency Landing After Bomb Threat
An Air India flight from Delhi to Colombo made an emergency landing due to a bomb threat, which later turned out to be a hoax. The aircraft had 108 passengers and eight crew members.
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28 Oct, 2024
Punjab Lifts Over 23 Lakh MT Paddy in Kharif Season
Punjab has lifted over 23 lakh MT of paddy in the ongoing kharif marketing season, with a record 4.13 lakh MT lifted in a single day. The state aims to procure 185 lakh MT of paddy this season.
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28 Oct, 2024
Bharti Airtel Announces Leadership Changes: Shashwat Sharma Named CEO
Bharti Airtel announces key leadership changes, with Shashwat Sharma named MD and CEO, effective January 1, 2026. Gopal Vittal to transition to Executive Vice Chairman.
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28 Oct, 2024
Mumbai Airport Winter Schedule: 3,372 Flights Weekly
Mumbai Airport announces a 2% increase in flights for the winter season, reaching 3,372 weekly flights, including new routes to Toronto, Bangkok, London & Amman.
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28 Oct, 2024
WTO Delays Ruling on India's ICT Import Duties
The WTO has again delayed a ruling on India's import duties on certain information and technology products, at the request of India and Chinese Taipei. The dispute, initiated by Chinese Taipei, concerns India's tariffs on high-tech goods.
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28 Oct, 2024
AAP Seeks Guv's Help for Rice Stock Evacuation in Punjab
AAP delegation meets Punjab Governor, urging intervention to expedite rice stock evacuation and address low rice yield. Accuses Centre of 'punishing' farmers.
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28 Oct, 2024
Federal Bank Q2 Profit Rises 11% to Rs 1,057 Cr
Federal Bank reported an 11% increase in net profit to Rs 1,057 crore in Q2 FY25, driven by strong interest income and improved asset quality. Learn more about the bank's financial performance.
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28 Oct, 2024
BASF & AM Green Partner for Low-Carbon Chemicals in India
BASF and AM Green B.V. have signed an agreement to explore business opportunities for low-carbon chemicals produced with renewable energy in India.
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28 Oct, 2024
Adani Cement Aims for 140 MTPA Capacity by FY28
Adani Cement CEO highlights increased capex and acquisition strategy to achieve targeted growth ahead of schedule, aiming for 140 MTPA capacity by FY28.
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28 Oct, 2024
UK PM Starmer Prepares for 'Tough Decisions' in Budget
UK Prime Minister Keir Starmer signals 'tough decisions' on taxes in the Labour government's first Budget, expected to include capital gains and inheritance tax hikes.
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28 Oct, 2024
Shree Renuka Sugars Narrows Net Loss in Sep Qtr - PTI
Shree Renuka Sugars reported a consolidated net loss of Rs 22.3 crore in the quarter ended September, a significant improvement from the previous year's loss of Rs 204.9 crore. The company's total income also rose during the period.
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28 Oct, 2024
SpiceJet Launches 32 New Flights for Winter Schedule
SpiceJet has launched 32 new flights for its winter schedule, including domestic and international routes. The new schedule also includes four new flights from Mumbai.
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28 Oct, 2024
Sonowal Reviews Ship Repair Facility & Road Project in Assam
Union Minister Sarbananda Sonowal reviewed the progress of Northeast's first ship repair facility at Pandu Multi Modal Terminal and an elevated road corridor project in Assam.
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28 Oct, 2024
Sebi Proposes Shared Contact Details for Non-Individual Clients
Sebi proposes allowing non-individual clients, such as HUFs, partnerships, trusts, and corporates, to use the same mobile number or email address for compliance ease.
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28 Oct, 2024
Servotech Power Systems Q2 Profit Surges Over 300%
Servotech Power Systems' net profit for the September quarter jumped over three-fold to Rs 11.24 crore, driven by higher income and new energy solutions.
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28 Oct, 2024
UK Jails 2 Men for Importing Drugs from India
Two men have been sentenced to prison in the UK for illegally importing unregulated pharmaceutical drugs from India. The operation, estimated to be worth GBP 1 million, involved the distribution of strong opioids and sedatives.
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28 Oct, 2024
North East Bank Completes Slice Acquisition
North East Small Finance Bank has acquired consumer payments and lending company Slice, creating a tech-driven bank with a focus on stability and customer experience.
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28 Oct, 2024
JSW Infrastructure Q2 Profit Up 40% to Rs 374 Crore
JSW Infrastructure reported a 40% rise in Q2 net profit to Rs 374 crore, driven by higher income and cargo volumes. The company also won a bid for a new port in Maharashtra.
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28 Oct, 2024
NBCC to Undertake Rs 10k cr Projects in Goa
NBCC will undertake major development and redevelopment works in Goa worth Rs 10,000 crore, including commercial and residential spaces, a circuit house and hotel, and an administrative building.
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28 Oct, 2024
Swiggy IPO Opens Nov 6: Rs 11,300 cr, Price Band Rs 371-390
Swiggy's initial public offering (IPO) will open for subscription on November 6th, aiming to raise Rs 11,300 crore. The price band is set at Rs 371 to Rs 390 per share. Learn more about the IPO details and key investors.
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28 Oct, 2024
Afcons Infrastructure IPO Subscribed 36% on Day 2
Afcons Infrastructure's IPO, part of the Shapoorji Pallonji Group, received 36% subscription on Day 2, with the retail investor portion at 36%. The IPO, worth Rs 5,430 crore, closes on Tuesday.
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28 Oct, 2024
Rice Millers Grievance App Launched by Centre - FCI GRS
The Indian government has launched a mobile app, FCI GRS, to address grievances of rice millers. This app will improve transparency and accountability in the food security system.
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28 Oct, 2024
Vipin Kumar Appointed as AAI Chairman
Vipin Kumar, a senior IAS officer, has taken charge as the Chairman of the Airports Authority of India (AAI). He previously served as Additional Secretary in the Department of School Education & Literacy.
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28 Oct, 2024
Ambuja Cements Stock Rises 3% After Earnings
Ambuja Cements Ltd.'s shares climbed 3% after reporting a consolidated net profit of Rs 472.89 crore for the September quarter. The firm's revenue also saw growth.
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28 Oct, 2024
DTDC Announces Enhanced Benefits & Rewards for Staff
DTDC Express announces increased benefits and reward programs for staff, including a 400% increase in group accident insurance coverage. The company is focused on financial security, health & wellness, and rewards for its employees.
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28 Oct, 2024
Ambuja Cements Q2 Profit at Rs 473 cr - Adani Group Firm
Ambuja Cements Ltd reported a consolidated net profit of Rs 472.89 crore for Q2 FY25, down from Rs 987.24 crore a year ago. Revenue from operations was at Rs 7,516.11 crore.
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28 Oct, 2024
RBI Sets Rs 300 Cr Networth for Central Counterparty Applicants
The Reserve Bank of India (RBI) has mandated a minimum networth of Rs 300 crore for entities seeking authorization as a Central Counterparty (CCP), outlining key requirements for CCPs in India.
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28 Oct, 2024
PNB Shares Surge Over 3% on Profit Jump
Punjab National Bank (PNB) shares climbed over 3% after reporting a more than two-fold increase in profit for the September quarter. The bank's net profit rose to Rs 4,306 crore, driven by strong asset quality improvements.
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28 Oct, 2024
AMPIN & Varroc Group Sign 27MW Solar Power PPA
AMPIN Energy Transition and Varroc Group have signed a Power Purchase Agreement (PPA) for 27 MW of solar power, bringing their total contracted capacity to 60 MWp.
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28 Oct, 2024
ArcelorMittal SA Rejects 19 Billion Rand Buyout Offer
ArcelorMittal South Africa has rejected a 19 billion rand buyout offer from Networth Investments, which aimed to transform the country's struggling steel industry. The offer included plans for green technology and stainless-steel production.
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28 Oct, 2024
Over 60 Flights Get Bomb Threats in India - PTI
Over 60 flights operated by Indian carriers received bomb threats on Monday, prompting authorities to investigate and enhance security measures. This follows a string of similar incidents in recent weeks.
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28 Oct, 2024
Bharti Airtel Q2 Profit Soars, Vittal Named Exec Vice Chairman
Bharti Airtel's Q2 net profit jumped nearly three-fold to Rs 3,593 crore, driven by strong performance in India and Africa. Gopal Vittal will become Executive Vice Chairman, while Shashwat Sharma will be the new CEO.
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28 Oct, 2024
Flipkart Narrows Loss to Rs 4,248 cr in FY24
Flipkart's consolidated net loss narrowed to Rs 4,248.3 crore in FY24, driven by revenue growth. The company's expenses on stock purchase increased, while return on equity and capital employed declined.
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28 Oct, 2024
Markets Rebound: Investors Gain Rs 4.21 Lakh Cr - BSE Sensex Jumps
Indian stock markets rebounded on Monday, with the BSE Sensex gaining over 600 points, adding Rs 4.21 lakh crore to investor wealth. The recovery followed a five-day decline, driven by positive bank results and easing oil prices.
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28 Oct, 2024
India's Economy Enters Cyclical Slowdown: Nomura
Nomura predicts India's economy is slowing down, with urban consumption weakening and salary growth moderating. The brokerage sees downside risks to GDP growth estimates.
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28 Oct, 2024
IHCL Opens New Hotel in Bhutan | SeleQtions Brand
Indian Hotels Company Ltd (IHCL) has opened an 83-key hotel in Thimphu, Bhutan, under its SeleQtions brand. The hotel is designed to meet the growing demand for experiential travel in the carbon-negative country.
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28 Oct, 2024
Gold Price Drops Rs 400, Silver Remains Flat - Latest News
Gold prices in India fell by Rs 400 on Monday due to weak global trends and reduced demand. Silver, however, remained stable. Read more about the latest gold and silver prices.
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28 Oct, 2024
Merlin Group: Rs 20,000cr Projects, Revenue to Double
Merlin Group, Kolkata's largest real estate developer, is executing projects worth Rs 20,000 crore, aiming to double revenue in 7-8 years. The company also unveiled a new brand identity.
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28 Oct, 2024
India's Growing Global Influence: PM Modi on World's New Hope
PM Modi emphasizes India's rising global influence, stating the world is looking at the country with new hope and exploring opportunities for partnership. He highlighted India's potential and the eagerness of nations to invest in its development journey.
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28 Oct, 2024
Dr Reddy's Launches New Drug for Chronic Constipation - BixiBat
Dr Reddy's Laboratories has launched BixiBat, a first-in-class drug for chronic constipation in India. The drug, Elobixibat, works by increasing bile acid concentration in the colon, leading to increased bowel movements.
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28 Oct, 2024
Goyal's China Blockage Chat with German Vice Chancellor Goes Viral
Commerce Minister Piyush Goyal's conversation with German Vice Chancellor Robert Habeck on China blocking tunnel boring machine sales to India went viral.
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28 Oct, 2024
Air India Gets DGCA Nod for In-House Aircraft Interior Modifications
Air India receives DGCA approval for in-house modifications of aircraft interiors, enabling the airline to enhance its fleet and operations. The approval is a significant step towards Air India's self-reliance and operational efficiency.
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28 Oct, 2024
NTPC Green Energy, Avanse Financial IPOs Get Sebi Approval
NTPC Green Energy and Avanse Financial Services receive Sebi's approval to launch IPOs, raising a combined Rs 13.5 billion. Learn more about the IPO details and companies.
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28 Oct, 2024
Waaree Energies Shares Surge 56% on Market Debut
Shares of solar panel maker Waaree Energies Ltd soared 56% on their market debut, ending at Rs 2,336.80. The IPO was oversubscribed 76 times.
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28 Oct, 2024
Indian Economy: Satisfactory Performance, Demand Concerns - FinMin Report
India's economy shows positive performance in the first half of FY24, but the finance ministry flags concerns about demand conditions, highlighting risks from global factors and potential job displacement due to AI.
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28 Oct, 2024
RBL Bank & Mahindra Finance Launch Co-Branded Credit Card
Mahindra Finance and RBL Bank partner to launch a co-branded credit card, offering customers benefits across various categories. The move comes amidst concerns about credit card portfolios.
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28 Oct, 2024
Sensex Rebounds 602 Points: ICICI Bank, DII Push, Value Buying - News
Indian stock markets snapped the 5-day losing streak on Monday, with the Sensex rising 602 points driven by buying in ICICI Bank, global trends, and DII buying. Read more.
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28 Oct, 2024
Financial Inclusion: Business Correspondents Demand Higher Commission
Business Correspondent Resource Council (BCRC) seeks a 30 bps hike in commission for agents, citing rising costs and crucial role in financial inclusion. Read more.
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28 Oct, 2024
IREDA to Finance Bhutan's Renewable Energy Projects
IREDA, India's state-owned renewable energy financier, has offered to support Bhutan with finance assistance for renewable energy projects. The company's CMD P K Das highlighted the potential of hydro power and rooftop solar in Bhutan, emphasizing the need for competitive debt financing.
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28 Oct, 2024
IOC Q2 Profit Slumps 98% on Refining Margin Fall
Indian Oil Corporation (IOC) reported a steep 98.6% drop in Q2 net profit, driven by declining refining margins and under-recoveries on LPG. Revenue also fell due to softer oil prices.
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28 Oct, 2024
Stock Market Rebounds: Sensex Up 602 Points
Indian stock markets ended their five-day losing streak on Monday, driven by gains in ICICI Bank, positive global trends, and strong domestic institutional investor buying. The Sensex rose 602 points, while the Nifty gained 158 points.
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28 Oct, 2024
Go First Ex-MD Data Theft Case Quashed: Bombay HC
Bombay High Court quashes FIR against former Go First MD Wolfgang Prock-Schauer for alleged data theft, finding no offence made out. The court found no evidence of fraudulent or dishonest data acquisition.
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28 Oct, 2024
Rupee Gains 1 Paisa, Settles at 84.07 vs Dollar
Indian Rupee closes slightly higher at 84.07 against the US dollar, supported by positive domestic markets and a drop in crude oil prices.
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28 Oct, 2024
Sun Pharma Q2 Profit Up 28% to Rs 3,040 cr
Sun Pharma reports a 28% rise in net profit to Rs 3,040 crore in the September quarter, driven by strong sales and a strengthened specialty pipeline.
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28 Oct, 2024
Real Estate Firms Raise Rs 13,000 Cr via QIP in 2023
Indian real estate developers have raised nearly Rs 13,000 crore through Qualified Institutional Placements (QIP) in 2023, driven by strong investor confidence and a robust post-pandemic recovery.
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28 Oct, 2024
Indian Bank Q2 Profit Jumps 36% to Rs 2,707 Cr
Indian Bank reported a 36% surge in Q2 profit to Rs 2,707 crore, driven by increased income and improved asset quality. Gross NPAs declined to 3.48% and net NPAs to 0.27%.
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28 Oct, 2024
Slice Merges with North East Small Finance Bank
Consumer payments and lending company 'slice' has merged with North East Small Finance Bank (NESFB), creating a tech-driven banking institution focused on customer experience and risk management. The merger aims to bring more people into the formal banking system and expand services across India.
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28 Oct, 2024
CRGO Steel Shortage Threatens India's Energy Goals
A shortage of CRGO steel, crucial for transformers and electric motors, threatens India's energy ambitions, according to GTRI. The think tank urges immediate and long-term solutions to address the shortage, including expedited BIS approvals and increased domestic production.
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28 Oct, 2024
PNB Profit Surges 200% to Rs 4,306 Cr in Q2 | Business News
Punjab National Bank (PNB) reported a more than two-fold jump in its profit for the second quarter of FY25, reaching Rs 4,306 crore, driven by improved asset quality and higher interest income.
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28 Oct, 2024
Shakti Pumps Q2 Profit Soars to Rs 101 Cr - Business News
Shakti Pumps (India) Ltd reported a multifold jump in consolidated profit after tax in Q2 FY25 to Rs 101.4 crore, driven by strong revenue growth. Read more.
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28 Oct, 2024
Co-working Desks Surge for GCCs in India: Knight Frank
Co-working spaces see rising demand from Global Capability Centres (GCCs) in India, driven by cost advantages and talent pool, according to Knight Frank.
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28 Oct, 2024
Delhi-NCR Housing Prices Surge 57% in Jul-Sep: PropTiger
Housing prices in top Indian cities saw a rise in Jul-Sep, with Delhi-NCR leading with 57% growth, while Hyderabad saw the lowest increase at 7%. PropTiger attributes this to rising demand, especially for high-end properties.
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28 Oct, 2024
NCIL Develops Indigenous Dialysis Machine
Nephro Care India Limited (NCIL) is developing an AI-enabled dialysis machine in collaboration with NIT Silchar, aiming to make renal care more accessible and affordable in India.
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28 Oct, 2024
Ajmera Realty Q2 Profit Soars 57% to Rs 35.35 Cr
Ajmera Realty & Infra India Limited reported a 57% jump in its consolidated net profit to Rs 35.35 crore in the September quarter, driven by strong revenue growth.
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28 Oct, 2024
India, Saudi to Boost Cooperation in Energy, Digital & Manufacturing
India's Commerce Minister Piyush Goyal will visit Saudi Arabia to discuss increased cooperation in renewable energy, digital infrastructure, and manufacturing. The visit will highlight India's economic growth and investment opportunities.
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28 Oct, 2024
Aluminium Futures Fall on Weak Demand
Aluminium futures prices fell on the Multi Commodity Exchange due to weak demand from consuming industries. Participants trimmed their positions, leading to a decline in prices.
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28 Oct, 2024
Crude Oil Futures Drop 4% on Low Demand
Crude oil futures declined over 4% on Monday due to low demand, with prices falling to Rs 5,789 per barrel on the Multi Commodity Exchange. Global crude oil prices also saw significant drops.
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28 Oct, 2024
Gold Futures Fall on Weak Demand - PTI
Gold prices in India fell on Monday due to weak global cues. Gold futures on the Multi Commodity Exchange (MCX) declined Rs 136 to Rs 78,396 per 10 grams.
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28 Oct, 2024
India Installs Rooftop Solar Systems in Sri Lanka
India has donated rooftop solar systems to religious sites in Sri Lanka as part of a USD 17 million project to promote renewable energy in the island nation.
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28 Oct, 2024
Silver Prices Decline on Muted Demand - PTI
Silver futures prices fell on Monday due to reduced investor interest. The decline comes as global silver prices also dipped. Read more.
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28 Oct, 2024
Udaan Raises Rs 300 Cr: Funding for Expansion & Profitability
Online B2B platform udaan secures Rs 300 crore in debt financing from Lighthouse Canton, Stride Ventures, InnoVen Capital, and Trifecta Capital. The funds will be used to expand its 'Micro-Market strategy', optimize operations, and enhance Go-to-Market capabilities.
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28 Oct, 2024
India's Energy Transition: High Dependence on Critical Mineral Imports
India's energy transition faces challenges as it heavily relies on imports for critical minerals like lithium, cobalt, and nickel, raising concerns about trade risks. The report suggests diversification strategies and domestic production.
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28 Oct, 2024
IndiGo Parent InterGlobe Aviation Shares Plunge on Earnings
InterGlobe Aviation, the parent of IndiGo, saw its shares plummet over 13% after reporting a net loss of Rs 986.7 crore in the September quarter. The loss was attributed to plane grounding and high fuel costs.
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28 Oct, 2024
Air India Room-Sharing Policy Deemed 'Illegal' by AICCA
The All India Cabin Crew Association (AICCA) has called Air India's new room-sharing policy for cabin crew 'illegal' and has sought intervention from the Labour Ministry. The policy requires cabin crew members to share rooms during layovers, except for cabin executives and those operating...
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28 Oct, 2024
Waaree Energies Shares Surge 70% on Market Debut
Waaree Energies Ltd shares made their market debut on the BSE and NSE with a premium of nearly 70% against the issue price, reflecting strong investor interest in the solar panel maker.
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28 Oct, 2024
Indian Auto Market: Hybrids Gain Traction, Luxury & Sustainability Key
Indian consumers prioritize luxury and sustainable mobility, with hybrid vehicles gaining popularity over EVs. Grant Thornton Bharat survey reveals key market trends.
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28 Oct, 2024
ICICI Bank Shares Surge 3% on Strong Q2 Earnings
ICICI Bank shares climbed over 3% after the private sector lender reported a 14.5% rise in standalone profit for the second quarter ended September 30, 2024. The bank also witnessed improvement in asset quality.
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28 Oct, 2024
Gautam Singhania Slams Lamborghini for Customer Service
Raymond Group Chairman Gautam Singhania criticizes Lamborghini for ignoring his complaints about his new Revuelto, citing arrogance and lack of customer service.
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28 Oct, 2024
Indian Stock Market Rebounds: ICICI Bank Drives Gains
Indian equity markets rebounded in early trade on Monday, fueled by strong performance from ICICI Bank and positive trends in Asian markets. The Sensex gained over 400 points, while the Nifty rose by over 100 points.
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28 Oct, 2024
Rupee Steady vs US Dollar: Narrow Range Trade - PTI
The Indian Rupee traded in a narrow range against the US dollar in early trade on Monday, impacted by foreign fund outflows and a strong dollar. The rupee's performance is expected to be influenced by the dollar's strength, domestic equities, oil prices, and RBI intervention.
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27 Oct, 2024
Punjab Paddy Procurement: Union Minister Bittu Reviews FCI Operations
Union Minister Ravneet Singh Bittu met with FCI officials in Punjab to review paddy procurement and storage. The meeting addressed concerns over storage capacity and timely payments to farmers.
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27 Oct, 2024
Surety Bonds: Regulatory Changes Key for Growth - Experts
Experts highlight regulatory changes needed to boost surety bond market in India, aiming to reduce reliance on bank guarantees and drive infrastructure development.
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27 Oct, 2024
Urban Vault Expands in Bengaluru with 1.2 Lakh Sq Ft Coworking Space
Urban Vault, a flexible office space provider, has leased 1.2 lakh sq ft in Bengaluru's CBD to open new coworking centers, catering to the growing demand for premium workspaces.
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27 Oct, 2024
Punjab Paddy Procurement: Centre Assures No Storage Crunch
The Centre has dismissed reports of storage space shortage affecting paddy procurement in Punjab, assuring adequate storage capacity and addressing concerns over OTR and transportation charges.
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27 Oct, 2024
Air India Express to Launch Bangkok, Phuket Flights
Air India Express, owned by the Tata Group, is expanding its network and plans to start flights to Bangkok and Phuket in Thailand. The airline also announced new routes to Jammu and Port Blair.
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27 Oct, 2024
Job Postings Surge 20% This Festive Season: apna.co
apna.co reports a 20% increase in job postings this festive season, with logistics & operations, e-commerce, and hospitality leading the growth. The platform attributes this to the quick commerce boom and companies looking to rebound after a slowdown.
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27 Oct, 2024
Festive Appliance Sales: 30% Growth Expected, Premiumization Drives Demand
India's appliance industry anticipates a 30% surge in festive sales, fueled by online promotions and a strong preference for premium products. Large screen TVs, high-capacity washing machines, and refrigerators with advanced features are driving demand.
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27 Oct, 2024
Macrotech Developers: Rs 10,000 Cr Housing Projects in MMR, Pune, B'luru
Macrotech Developers to launch housing projects worth Rs 10,000 cr by March in MMR, Pune, B'luru. The company aims to expand its business with new launches in major cities.
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27 Oct, 2024
FSSAI More Proactive & Industry-Centred: Nestle
Nestle India Chairman highlights FSSAI's evolution towards proactiveness and industry focus, citing Maggi crisis and recent developments.
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27 Oct, 2024
Ratan Tata on Noel Tata's Succession: Book Reveals Insights
A new book reveals Ratan Tata's thoughts on Noel Tata's qualifications to succeed him as Tata Sons chairman. Learn about the selection process and Ratan Tata's criteria for leadership.
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27 Oct, 2024
Signature Global Awards Rs 1,203 Cr Contract for Gurugram Housing Project
Signature Global has awarded a Rs 1,203 crore contract to Capacit'e Infraprojects for its premium housing project 'Titanium SPR' in Gurugram. The project spans 14.382 acres and has a total of 608 units.
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27 Oct, 2024
ONGC Chairman Should Head HPCL: Synergy Panel Report
A panel appointed to work out synergies between ONGC and HPCL has recommended that the ONGC Chairman should also be the chairman of the subsidiary HPCL, citing universal corporate practices. The report also suggests restructuring the boards of other subsidiaries.
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27 Oct, 2024
Indian Stock Market Outlook: FII Activity, Global Trends Key Drivers - Analysts
Indian stock market expected to consolidate this week due to FII activity, global trends, and Q2 earnings results. Analysts predict volatility due to US elections and F&O expiry.
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27 Oct, 2024
Piramal Pharma to Invest USD 85 mn in Capex This Fiscal
Piramal Pharma, aiming for USD 2 billion revenue by FY30, will invest USD 85 million in capex this fiscal for capacity expansion, maintenance, and de-bottlenecking of CDMO sites.
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27 Oct, 2024
Hindustan Zinc to Double Production Capacity, Invest USD 2 Billion
Hindustan Zinc plans to invest up to USD 2 billion to double production capacity to 2 million tonnes in the next few years, its CEO Arun Misra said. The company is targeting a production capacity of 1.2 million tonnes in 2025, followed by 1.35 MT in 2026 and 1.8 MT in 2027.
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27 Oct, 2024
SBI Named Best Bank in India by Global Finance - 2024
State Bank of India (SBI) has been recognized as the Best Bank in India for 2024 by Global Finance Magazine for its commitment to exceptional services and financial inclusion.
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27 Oct, 2024
Business Cycle Funds: 56% Returns in 1 Year - Outperforming Market
Business cycle funds deliver impressive returns, with top performers like HSBC, Mahindra Manulife, and Quant exceeding 50%. Learn about these funds, their strategy, and potential benefits.
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27 Oct, 2024
India Plans ALMM for Solar Cells: Boosting Green Energy
India's government plans to introduce an Approved List of Models and Manufacturers (ALMM) for solar cells to boost the country's green energy transition. The move aims to promote domestic manufacturing and reduce import dependency.
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27 Oct, 2024
FPIs Pull Out Rs 85,790 Cr from Indian Equities in October
Foreign portfolio investors (FPIs) withdrew a record Rs 85,790 crore from Indian equities in October due to Chinese stimulus measures, attractive stock valuations, and elevated pricing of domestic equities.
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27 Oct, 2024
Hyatt Hotels Targets 100 Hotels in India by 2028
Hyatt Hotels Corporation plans to nearly double its presence in India, aiming for 100 hotels by 2028, driven by the booming travel and hospitality industry.
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27 Oct, 2024
Ericsson: Network Densification to Drive Growth in India
Ericsson predicts network densification will drive growth in India due to rising data consumption. The company expects data traffic to increase significantly by 2029, leading to investments in network upgrades and expansion.
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26 Oct, 2024
RBI Governor Shaktikanta Das Wins Top Central Banker Award
RBI Governor Shaktikanta Das has been recognized as the top central banker globally by Global Finance magazine for the second consecutive year. His leadership has been commended for his success in inflation control, economic growth, currency stability, and interest rate management.
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26 Oct, 2024
Sebi Issues Notice to Axis Bank on Max Life Stake Buy
Sebi has issued a show cause notice to Axis Bank and its subsidiaries regarding their stake acquisition in Max Life Insurance. The notice is being reviewed, and responses will be filed with Sebi.
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26 Oct, 2024
Bicycle Reflector Import Exemption: Research & Development Focus
India exempts import of 200 bicycle reflectors from quality norms for research and development, and for export by Indian manufacturers. Learn more about this exemption and its implications.
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26 Oct, 2024
IDFC First Bank Q2 Profit Down 73% to Rs 201 Cr
IDFC First Bank reported a 73% decline in standalone profit to Rs 11,746 crore in Q2 FY25, with total income rising to Rs 10,684 crore. The bank witnessed improvement in asset quality with gross NPAs declining to 1.92% from 2.11% a year ago.
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26 Oct, 2024
Sabarimala Pilgrims Allowed Coconuts in Flights
Pilgrims visiting Sabarimala temple can now carry coconuts in cabin baggage on flights till January 20, 2025, as per a new exemption by the Civil Aviation Ministry. This decision aims to ease travel for devotees during the pilgrimage season.
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26 Oct, 2024
Air India Cabin Crew Policy Update: Single Rooms for Ultra-Long Haul Flights
Air India announces revised policy for cabin crew, including single room allowances for ultra-long haul flights and increased layover allowances. Learn more about the new policy and its impact on crew members.
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26 Oct, 2024
33 Flights Receive Bomb Threats in India
Over 30 flights in India received bomb threats on Saturday, prompting authorities to investigate and tighten security measures.
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26 Oct, 2024
Crackdown on Substandard Helmets in India: Centre Launches Nationwide Drive
India's Ministry of Consumer Affairs is launching a nationwide drive to crack down on manufacturers and sellers of non-ISI certified helmets, emphasizing road safety and removing substandard protective gear from the market.
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26 Oct, 2024
Ratan Tata Had Doubts About Cyrus Mistry's Suitability as Tata Sons Chairman: Book
A new book reveals Ratan Tata's reservations about Cyrus Mistry's leadership as Tata Sons chairman, despite initially approving his selection. The book highlights Tata's concerns about Mistry's 'sharp interventions' and potential conflict with the group's values.
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26 Oct, 2024
Rahul Gandhi Warns of Stock Market Risks
Rahul Gandhi expresses concern over recent stock market decline, urging Congress to protect retail investors. He calls the market a 'space of risk' and emphasizes the need for cautionary measures.
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26 Oct, 2024
Delhi Air Crisis Looms: Centre Urges Stubble Management
The Centre has urged states to strengthen stubble management plans as Delhi faces an impending air quality crisis. The meeting highlighted the need for intensified monitoring and promoting alternative uses for crop residue.
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26 Oct, 2024
ESIC Adds 20.74 Lakh New Members in August 2024
ESIC recorded a 6.8% increase in new enrollments in August 2024, adding 20.74 lakh members under the ESI scheme. The data highlights a significant increase in young employees and female members.
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26 Oct, 2024
Personality & Culture Fit: Key Hiring Factors - Report
New report reveals 77% of employees believe companies should prioritize personality and cultural fit during hiring, emphasizing a shift towards holistic assessments.
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26 Oct, 2024
Govt Warns Social Media: Remove Hoax Bomb Threats
India's IT Ministry urges social media platforms to remove hoax bomb threats to airlines, warning of legal action for non-compliance.
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26 Oct, 2024
Sebi to Auction Bishal Group Properties Worth Rs 15.47 cr
Sebi will auction 7 properties of Bishal Group on Dec 10 to recover illegally collected funds from investors. The properties, including flats, land, and buildings, are located in West Bengal.
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26 Oct, 2024
REC Q2 Profit Up 7% to Rs 4,037 Cr, Loan Disbursement at Rs 47,303 Cr
REC Ltd's net profit rose 7% to Rs 4,037.72 crore in Q2 FY25, driven by higher income. Loan disbursement stood at Rs 47,303 crore, with Rs 5,946 crore allocated to renewable energy.
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26 Oct, 2024
JK Cement Q2 Profit Down 22.5% to Rs 136 cr - News
JK Cement's net profit fell by 22.52% to Rs 136.15 crore in the second quarter of FY25, with revenue also declining. Read more about the company's financial performance.
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26 Oct, 2024
Himachal Pradesh Starts Maize Procurement from Natural Farming
Himachal Pradesh begins purchasing maize produced through natural farming under the Prakritik Kheti Khushal Kisan Yojana, with 528 quintals bought on the first day. The state aims to procure 508 metric tonnes in the first phase.
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26 Oct, 2024
DLF's Super Luxury Project in Gurugram: Rs 26k cr Revenue Expected
DLF expects Rs 26,000 crore from its super luxury project in Gurugram, 'The Dahlias', with sales potential rising on price hikes. The project features ultra-luxury apartments and high-end amenities.
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26 Oct, 2024
SBI & Exim Bank Bridge Trade Finance Gap in Africa
SBI and India Exim Bank are filling the trade finance gap in Africa, providing support to businesses in various African countries. Learn about their initiatives and impact on trade.
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26 Oct, 2024
Nykaa CEO on Quick Commerce: Not Our Focus
Nykaa CEO Falguni Nayar discusses quick commerce, emphasizing Nykaa's focus on beauty and fashion, and its strategy for omnichannel growth.
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TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.60 ( -4.76)
- 38522854
- Vodafone Idea L
- 7.99 ( -3.15)
- 24849212
- GTL Infrastructure
- 1.88 ( -4.08)
- 17206346
- Rajnish Wellness
- 2.29 ( -9.84)
- 13883657
- Suzlon Energy Ltd.
- 67.36 ( -4.93)
- 11826887
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