Linde India acquires packaged gases business of HPS Gases Ltd
Aug 05, 2021, at 07:38 am
Kolkata/IBNS Linde India has signed a Business Transfer Agreement on Tuesday with HPS Gases Ltd, Vadodara to acquire its entire packaged gases business along with certain distribution assets with effect from 1 November 2021 for an aggregate cash consideration of Rs275 million, the company said in a statement.
RIL to double PET recycling capacity with new facility in Andhra Pradesh.
Aug 05, 2021, at 07:15 am
Mumbai/IBNS: Reliance Industries Limited (RIL), India’s largest private sector company is doubling its PET recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh.
BharatPe in unicorn club, valuation crosses $2.85 billion
Aug 05, 2021, at 06:44 am
New Delhi/IBNS: Fintech startup BharatPe said Wednesday that it has raised $350 million after which its post-money valuation shot up to $2.85 billion.
Inox to reopen cinemas in Kolkata and Howrah
Aug 05, 2021, at 04:49 am
Kolkata/IBNS: India’s leading multiplex chain, INOX Leisure Ltd, on Wednesday announced that it is all set to welcome back its movie lovers at six of its properties Quest, Swabhumi, City Centre 1, Metro, Madhyamgram and Liluah located across Kolkata and Howrah from Aug 5 and the rest will reopen as per operational readiness.
RBI cautions against online buying and selling of old bank notes and coins
Aug 05, 2021, at 03:07 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has warned people on Wednesday against fraudsters using Reserve Bank of India's name and logo to seek charges, and commission or taxes from the public in online transactions of buying and selling old bank coins and notes.
SBI Q1 net profit shoots up 55 pc (YoY) to Rs 6,504 Cr, NII increases 3.74 pc
Aug 05, 2021, at 01:09 am
Mumbai/IBNS: India's largest bank SBI posted a net profit at Rs 6,504 crore, up 55.25 per cent year-on-year (YoY), in the quarter ended June 30, 2021, compared to Rs 4,189.34 crore in the same quarter of the last fiscal year.
Tata Motors drives in the all-new Tiago NRG
Aug 04, 2021, at 11:09 pm
Mumbai: Holding true to its ‘New Forever’ brand promise, Tata Motors today launched the all-new Tiago NRG.
State Bank of India registers its highest quarterly Net Profit of Rs. 6,504 Crores in Q1FY22
Aug 04, 2021, at 10:36 pm
Kolkata/UNI: State Bank of India (SBI) has registered its highest quarterly Net Profit of Rs. 6,504 Crores in Q1FY22.
Indian Market: Sensex closes life time high at 54,369.77 pts
Aug 04, 2021, at 10:17 pm
Mumbai/UNI: The BSE Sensex on Wednesday ended at a new peak at 54,369.77, surging 546.41 on the strength of Bamkex, Finance and Energy stocks.
RBI issues rules for outsourcing of payment, settlement activity by PSOs
Aug 04, 2021, at 06:50 am
Mumbai/IBNS: The Reserve Bank of India has framed minimum standards to manage the risk in outsourcing of payment and settlement-related activities by non-bank payment system providers PSOs.
Hiring rate in India grows 42 per cent in June against 2019 pre-pandemic levels: Report
Aug 04, 2021, at 05:31 am
Bengaluru/IBNS: Hiring in India is gradually picking up and the recruitment rate in June was 42 per cent higher than the pre-pandemic levels in 2019, according to a report by LinkedIn India.
Bharti Airtel Q1FY22 result: Net profit at Rs 284 cr, ARPU at Rs 146
Aug 04, 2021, at 04:46 am
Mumbai/IBNS: Bharti Airtel said it has recorded a 62 per cent quarter-on-quarter decline in profit at Rs 284 crore in the quarter ended June 30, 2021 compared to Rs 759 crore registered during the fourth quarter of FY21.
Indian Rupee moves up 6 paise against USD
Aug 03, 2021, at 10:55 pm
Mumbai/UNI: The Rupee on Tuesday advanced by six paise to close at 74.28 against the USD on selling of US Dollar by bankers and importers, dealers at the Forex Market said.
Indian Market: Sensex ends at record closing high of 53,823.36 points
Aug 03, 2021, at 10:13 pm
Mumbai/UNI: The BSE Sensex on Tuesday closed all time high at 53,823.36, surging 872.73 points following gains in Telecom, FMCG, Auto and Bankex stocks.
Kumar Mangalam Birla offered govt to take over his stake in Vodafone Idea Ltd (VIL): Report
Aug 03, 2021, at 10:10 pm
Mumbai/IBNS: Aditya Birla group Chairman Kumar Mangalam Birla has offered to handover his stake in cash-strapped Vodafone Idea Ltd (VIL) to the Centre or any other entity that the government thinks capable of keeping the company operational, according to media reports.
Indian Rupeemoves up by 4 paise against USD
Aug 03, 2021, at 09:32 pm
Mumbai/UNI: The Rupee on Tuesday moved up by four paise at 74.30 in the early trade owing to selling of the US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian Market: Sensex opened in record high
Aug 03, 2021, at 09:26 pm
Mumbai/UNI: The BSE Sensex on Tuesday opened on a new peak at 53,125.97, advancing by 175 pts as buying was witnessed across the board.
PNB Q1FY22: Net profit jumps 232 pc to Rs 1,023 cr, NII zooms to Rs 7,227 cr
Aug 03, 2021, at 07:12 am
New Delhi/IBNS: Punjab National Bank reported a net profit of Rs 1,023 crore during Q1FY22, up 232.1 per cent from Rs 308 crore in Q1FY21.
Rise in exports of engineering goods would generate more jobs: EEPC India
Aug 03, 2021, at 06:20 am
New Delhi/IBNS: Continuing the uptrend, engineering goods exports have posted 42.14% growth in July, 2021 over the same period a year ago. The high growth in engineering goods augurs well for the economy as the sector is labour-intensive and one of the key foreign exchange (Forex) earners, said EEPC India Chairman Mahesh Desai.
TVS Motor Company July 2021 sale spikes by 10 pc to 278,855 units
Aug 03, 2021, at 12:07 am
Mumbai/UNI: Auto major, TVS Motor Companyhaes reported a rises of 10 pc in its July 2021 sales at 278,855 units as against sales of 252,744 units in the month of July 2020.
Mahindra Auto July 2021 passenger vehicle sale moves up by 91 pc
Aug 03, 2021, at 12:06 am
Mumbai/UNI: Auto major, Mahindra & Mahindra has reported a Jump of 91 per cent in passenger Vehicle sale for the month of July 2021 at 21046 units as against 11025 vehicles sold in July 2020.
Bajaj Auto July 2021 sales spikes by 44 pc
Aug 03, 2021, at 12:00 am
Mumbai/UNI: Bajaj Auto has reported total sales of 369,116 units in July 2021 as against 255,832 units in July 2020, registering a growth of 44 pc.
Indian Rupee recovers seven paise against USD
Aug 02, 2021, at 11:58 pm
Mumbai/UNI: The Rupee on Monday gained seven paise to close at 74.34 against the USD on selling of US Dollar by bankers and importers, dealers at the Forex Market said.
Indian Market: Sensex advances 363.79 pts
Aug 02, 2021, at 11:54 pm
Mumbai/UNI: The BSE Sensex on Monday rallied 363.79 pts to close at 52,950.63 pts on the strength of Realty, Consumer Durable, Oil and Gas, Auto and Industrials stocks amid positive global cues.
Titan moves up by 3.25 pc to Rs 1770.25
Aug 02, 2021, at 11:26 pm
Mumbai/UNI: Titan on Monday surged by 3.25 pc to Rs 1770.25, a major gainer in 30 scrips of BSE.
Escorts Agri Machinery July 2021 sale grew by 23.3 pc
Aug 02, 2021, at 11:21 pm
Mumbai/UNI: Escorts Ltd Agri Machinery Segment (EAM) reported a rise of 23.3 per cent in its July 2021 at 6,564 tractors as against 5,322 tractors sold in July 2020.
Aug 02, 2021, at 04:51 pm
New Delhi/IBNS: The services trade will play a major role in the relationship between India and US going forward and strengthen the bilateral economic ties, in line with the geopolitical and strategic ties between the two countries, said Union Minister for Commerce and Industry, Piyush Goyal.
TKM registers a 143% growth in domestic wholesales in the month of July 2021
Jul 31, 2021, at 10:55 pm
Bangalore: Toyota Kirloskar Motor on Saturday announced that the company sold a total of 13,105 units in the month of July 2021, thereby registering a growth of 143% when compared to the domestic sales in the month of July 2020.
LIC CSL partners with IDBI Bank to launch co-branded RuPay Credit Cards
Jul 31, 2021, at 03:34 am
Mumbai/IBNS: LIC Cards Services Limited (LIC CSL) and IDBI Bank have partnered to launch two variants of co-branded RuPay Credit Cards - LIC CSL ‘Lumine’ Platinum Credit Card and LIC CSL ‘Eclat’ Select Credit Card powered by IDBI Bank.
ED seizes hotel in London in money laundering probe against Unitech Group
Jul 31, 2021, at 03:07 am
Delhi/IBNS: The Enforcement Directorate (ED) has seized a hotel in London worth Rs 58.61 crore in connection with a money laundering case against real estate company Unitech Group and its owners Sanjay Chandra and Ajay Chandra, according to media reports.