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Business / Goodreturns

'Cipla' Betting Big on Digitisation And Emerging Segments

Drug major Cipla is betting big on digitisation and emerging segments like biosimilars and mRNA aided medications to drive its next phase of growth. The Mumbai-based drug maker is also bullish on maximising value opportunity in the complex generics in the

7 Aug 2022 2:03 pm
Steel Players Expect Government To Withdraw Export Duty; To Go Ahead With Capex Plans

The export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a short-term move to stabilise inflation. On May 21, the government hiked the duty

7 Aug 2022 1:49 pm
IOC, HPCL, BPCL Post Rs 18,480 Crore Loss in Q1 on Holding Petrol, Diesel Prices

State-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) posted a combined loss of Rs 18,480 crore on holding petrol and diesel prices despite a rise in cost. According to stock exchange filings

7 Aug 2022 1:27 pm
Volatile Market, Bitcoin Investors Concerned, Up 13% In 1 Month, But Down 0.74% Intraday

With a volatile market condition, Bitcoin investors are quite concerned now. In the past 1 month, Bitcoin has been up by 12.6%, but, the asset has been down by 0.60% in the last 5 days. Today, till 6.15 pm UTC, Bitcoin

7 Aug 2022 12:12 am
BPCL's Q1Fy23 Net Loss At Rs. 6291 Crore; Heavy Losses In Marketing Division Weighed

State-run oil marketing company BPCL on Saturday in its earnings report logged a net loss of Rs. 6291 crore in the June ended quarter of Fy23. In the Q1Fy22 period, the company's net loss was at Rs. 3192.58 crore. {image-investments4-1543636004.jpg

6 Aug 2022 11:28 pm
Indian Overseas Bank Q1 Net Profit Surges 20% Amid Decline In Bad Loans

State-owned Indian Overseas Bank (IOB) on Saturday posted a 20 per cent rise in net profit to Rs 392 crore for the first quarter of the current financial year, helped by a decline in bad loans. The Chennai-based lender had

6 Aug 2022 10:06 pm
Gold Price Chennai, August 6, 2022: Big Drop In Gold, Silver Prices

The price of 10 gram of 22 carat gold is available at Rs 47,250 with a decline of Rs 400 in India while the price of 10 gram of 24 carat of gold can be purchased for Rs 51,550 with a

6 Aug 2022 7:09 pm
Indian Silver Prices Fall Significantly Same As Gold, As US Job Market Improves: Check Rates

Gold and silver prices in India are fixed based on global trends. Today, both the metals have fallen sharply in the futures and spot markets, after the publication of US employment data which has improved than expected. Silver rate, on August

6 Aug 2022 5:46 pm
Transfer Funds On WazirX To Binance, Says Binance CEO

After the Enforcement Directorate (ED) on August 5, 2022 (Friday) informed that it had blocked assets of WazirX-linked to the world`s largest digital currency exchange Binance as part of its scrutiny concerning suspected violation of foreign exchange guidelines, Binance CEO today

6 Aug 2022 5:43 pm
MapMyIndia net profit Soars 18% in April-June quarter

Digital map company CE Info Systems, which operates under MapMyIndia brand name, on Friday posted nearly 18 per cent increase in its consolidated profit at Rs 24.2 crore in the April-June quarter of FY23, according to a PTI report. The

6 Aug 2022 4:40 pm
SBI's Q1Fy23 Net Profit Dips 6.7% YoY; Misses Street Estimates

SBI in its Q1 results for the fiscal year 2023 announced today reported a decline in net profit by 6.7% YoY to Rs. 6,068 crore. Net profit largely missed the street expectations as analysts polled by Bloomberg estimated net profit of

6 Aug 2022 3:11 pm
Gold Rates Fall Sharply By Rs. 430, As US Employment Improves In July: See Investment Options

Gold rates in India have fallen significantly today after the international gold market started to show a sharp bearish trend overnight. The 22-carat gold rate today, on August 6, stood at Rs. 47,250/10 grams, and 24-carat gold rate stood at around

6 Aug 2022 1:29 pm
ICICI Bank, PNB Increase External Benchmark-based Lending Rates After RBI's 50 Bps Policy Rate Hike

Following the repo rate hike of 50 basis points by the RBI on Friday, two leading banks namely Punjab National Bank and ICICI Bank hiked interest rate on loans. Repo rate is the rate at which RBI extends short term loan

6 Aug 2022 12:43 pm
Latest Petrol, Diesel Price: Check Today's Fuel Price In Your City

The Oil Marketing Companies (OMCs) have released the latest price of petrol and diesel for various cities all across India and as per the latest rate list the price of both the fuel remains steady for the 72nd day. The

6 Aug 2022 10:27 am
Govt Relaxes Sugar Export Quota For 2021-22; Allows Additional 1.2 Million Tonne Shipments

The government on Friday relaxed the quantitative restriction of 10 million tonnes on sugar exports and allowed shipments of an additional 1.2 million tonnes in the current marketing year ending September. In late May, the Centre had decided to cap sugar

6 Aug 2022 8:49 am
Government to Amend Competition Law; Proposes Settlement Framework, Reduced Time For M&A Approvals

The government on Friday proposed a raft of amendments to the competition law, including the introduction of a settlement framework, a reduction in the time limit for combination approvals and decriminalisation of certain contraventions. It will be the first time since

6 Aug 2022 8:44 am
'ICICI Bank, PNB' Hike External Benchmark Based Lending Rates

Two major banks -- ICICI Bank and PNB -- raised their lending rates after the RBI increased the benchmark interest rate by 0.50 per cent on Friday. The Reserve Bank of India (RBI) increased the key policy repo rate -- at

6 Aug 2022 8:37 am
I-T Dept Seizes Rs 55-Crore Deposits After Raids on Ex-Fund Manager, Share Brokers

The Income-tax department has seized unaccounted deposits worth more than Rs 55 crore and unearthed evidences of large-scale hidden investments after it recently raided Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, some share brokers and

6 Aug 2022 8:30 am
Pfizer India Q1 Profit Declines 83% To Rs 33 Crore, Revenue Falls 21%

Drug firm Pfizer on Friday reported 83 per cent decline in consolidated net profit at Rs 33 crore for June quarter 2022-23, according to a PTI report. The company had logged a net profit of Rs 200 crore in April-June period

5 Aug 2022 6:06 pm
This Logistics Firm Hits Upper Circuit In Intra-Day Trade On Strong Q1Fy23 Performance

Shares of small cap company into logistics services - Orissa Bengal Carrier in intra-day trade on August 5, 2022 hit 20% upper circuit of Rs. 130.7. Last at the time of writing this copy at around 3 pm, its shares erased

5 Aug 2022 5:59 pm
Spandana Sphoorty Declares Net Loss Of Rs 220 Crore For June Quarter

Rural focussed micro-lender Spandana Sphoorty Financial on Thursday reported a net loss of Rs 220 crore for the quarter ended June 2022, mainly on account of a one-time write-off. It had posted a net profit of Rs 55 crore in the

5 Aug 2022 5:53 pm
World Stock Markets Mixed Ahead, Of US Jobs Data

Global stock markets and Wall Street futures were mixed Friday ahead of an update on the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation. London, Paris and Frankfurt were lower while

5 Aug 2022 4:33 pm
Todays Gold Price Delhi, August 5: Gold, Silver Prices Fall

Gold price in the national capital on Friday was marginally down by Rs 9 to Rs 52,592 per 10 grams, according to HDFC Securities. The yellow metal had closed at Rs 52,601 per 10 grams in the previous trade, according to

5 Aug 2022 4:25 pm
As recession Fears Grow, Strong, US Hiring Is Likely Slowing

The American job market has defied raging inflation, rising interest rates, growing recession fears. Month after month, US employers just kept adding hundreds of thousands of workers, often beating forecasters' expectations. But now economists worry that signs of weakness are starting

5 Aug 2022 2:19 pm
Here's What Experts Make Of The RBI Monetary Policy

Some experts feel that the 50 basis points may have been a little aggressive, while others feel that there are more hikes to come. Here's what some of the experts say. Indian Bank, MD & CEO, Shanti Lal Jain To

5 Aug 2022 1:49 pm
India's Forex Reserves Are 4th Largest Globally: RBI Governor Shaktikanta Das

Today, the RBI announced its upcoming monetary policy and mentioned key factors in the country's economic growth. According to RBI Governor Shaktikanta Das, India's forex reserves have been reported to be the fourth largest globally. In today's official statement, RBI mentioned,

5 Aug 2022 12:47 pm
Rate Sensitive Stocks Ignore RBI's Rate Hike By 50 Bps; Nifty Auto Bearish

In its August bi-monthly monetary policy, RBI hiked key policy rate-the rate at which the RBI lends to banks by 50 basis points to 5.4%. On the development, interest-sensitive stocks largely traded with gains. Nifty Bank at the time

5 Aug 2022 12:34 pm
Now NRIs Can Pay Utility Bills For Families In India Directly Through Bharat Bill Payment System

At the August MPC meet outcome announcement made today, it has been proposed to enable Bharat Bill Payment System or BBPS to accept cross-border inward payments. At present BBPS is accessible only for Indian residents. Through the facility, NRIs

5 Aug 2022 12:28 pm
Piped Cooking Gas Price Hiked, By Rs 2.63 Per Unit In Delhi NCR

The price of cooking gas piped to household kitchens in the national capital and adjoining cities was hiked by Rs 2.63 per unit on Friday, the second increase in rates in less than two weeks. Piped cooking gas in Delhi will

5 Aug 2022 12:00 pm
RBI 50bps Rate Hike Can Have Moderate Impact On Housing Sales: Analyst

The RBI Monetary Policy Committee (MPC) announced its upcoming policy measures today, on August 5, declaring a repo rate hike of 50bps. In the official statement, RBI Governor Shaktikanta Das stated that the central bank is increasing the policy repo rate

5 Aug 2022 11:47 am
Rate Hikes Likely To Continue Feel Experts As Inflation Remains Stubborn

The Reserve Bank of India today hiked repo rates by 50 basis points, which was the upper end of the expectations. The tone of the RBI Governor sounded hawkish, with inflation continuing to remain a worry. Most economists and experts believe

5 Aug 2022 11:39 am
Bullish Equity Zone: Nifty Opens At 17,423.65 Points, Up 0.53% Sensex Up 0.56%

Today, on August 5, the RBI declared its monetary policy to withdraw the accommodation policy and hikes the repo rate by 50bps. However, this stance was expected by investors and it showed little impact on the equity markets. Nifty opened at

5 Aug 2022 11:27 am
RBI Monetary Policy Aug 2022: GDP Projection For Fy22-23 Retained At 7.2%

At the August bi-monthly monetary policy meet, RBI Governor Shaktikanta Das said real GDP growth rate for Fy23 has been retained at 7.2%. On the outlook for growth, rural consumption is expected to benefit from the brightening agricultural

5 Aug 2022 11:10 am
To Control Inflation, RBI Withdraws Accommodation Policy, CPI Inflation At 7%, Hikes Repo Rate By 50bps

The RBI Monetary Policy Committee (MPC) at its meeting, on August 5, 2022 has decided to hike the policy repo rate by 50 basis points to 5.40% with immediate effect. The MPC remains focused on the withdrawal of accommodation policy to

5 Aug 2022 11:10 am
RBI Policy Meet: RBI Decides To Focus On Withdrawal Of Accommodation

The Monetary Policy Committee (MPC) today decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. Overall system liquidity continues in surplus, with average daily absorption under the LAF at

5 Aug 2022 10:47 am
Five Reasons Why, The Four-Day Week Wont Work

The four-day working week continues to gain momentum, with pilots taking place in the UK, Ireland, US, Canada and Australia. Over six-month periods between February and November, employees at participating businesses are working only 80% of their time but still receiving

5 Aug 2022 10:27 am
RBI Hikes Repo Rates By 50 Basis Points, Loans To Get Costlier

The Reserve Bank's rate-setting panel -- Monetary Policy Committee - which began its meeting on Aug 3 for three days raised the repo rates, or rates at which the RBI lends money to banks by 50 basis points. The repo rate

5 Aug 2022 10:09 am
Oil Prices Continue To Slump; WTI Crude At $88.81/bbl On China-Taiwan Crisis

Oil prices declined further below key levels on Friday (August 5, 2022) and were on course for large weekly losses on the back of escalating China-Taiwan crisis as well as Bank of England's rate hike that dimmed the demand outlook for

5 Aug 2022 9:48 am
Tesla Investors Approve Stock Split; Musk, To Add Factories

Tesla shareholders has approved a three-for-one stock split, a move that will make the company's shares more accessible to smaller investors. Preliminary results of the shareholder vote were announced on Thursday at the electric car and solar panel maker's annual meeting

5 Aug 2022 9:20 am
Sebi Orders Forensic Audit, Of Future Retail Accounts And Its Transactions With 3 Group Firms

Stock market regulator Sebi has ordered a forensic audit of the accounts of debt-ridden Future Retail Ltd (FRL) for the financial years 2019-20, 2020-21 and 2021-22. The Securities and Exchange Board of India (Sebi) has also asked for an audit of

5 Aug 2022 9:10 am
Wheat Flour Millers Urge Govt, To Scrap Import Duty On Wheat

A wheat flour millers' body on Thursday demanded that the government should scrap the 40 per cent import duty on wheat to boost domestic supplies and control prices. Members of the Roller Flour Millers' Federation of India met Food Secretary Sudhanshu

5 Aug 2022 9:03 am
Crude Oil Falls To $94.42 Per Barrel, Check Latest Petrol, Diesel Price In Your City

The price of Brent Crude Oil fell to $94.42 per barrel on Friday with a marginal surge of 0.32% while the price of WTI crude is recorded at $88.90 per barrel with rise of 0.36%. Meanwhile, in India the Oil Marketing

5 Aug 2022 8:59 am
Moody's Upgrades Yes Bank Rating, Changes Outlook, To 'Stable' On Capital Raise Plan

Moody's on Thursday said it has upgraded Yes Bank's rating while changing outlook to 'stable' on the back of its equity capital raise plan announced last week. The global rating agency has upgraded the private sector lender's long-term foreign currency issuer

5 Aug 2022 8:54 am
Stock To Watch: This Education Stock Up 24% In 5 Days, Consistent High Return: Extraordinary Q1 Result

The share price of Navneet Education Ltd. has been consistently surging sharply over the last year. After the publication of its Q1FY23 result, the stock's performance on the share market has recently been quite impressive. According to the report, the education

4 Aug 2022 11:51 pm
Active Demat Account On CDSL Crosses 7 Crore Mark

On Thursday, the Central Depository Services said active demat accounts over its platform has breached the 7 crore mark. CDSL or Central Depository Services (India) Ltd established in the year 1999 provides holding and transacting in securities in the demat form

4 Aug 2022 11:24 pm
Multibagger Financial Services Entity Recommends Bonus Share Issue: Check Details

Bonus shares are the additional shares that shareholders of a company get in a certain proportion. For the issuance of the same, cash lying in free reserves and surplus of the company is moved to capital and then from this additional

4 Aug 2022 11:07 pm
Board Of Software Stock Approves Stock Split, Bonus Issue: Shares Rise

Excel Realty N Infra Ltd is engaged in the business of IT/BPO (Business Process Outsourcing) and Customer Contact Centre based in India and the business of general trading. It offers a wide array of customized and cost-effective call center outsourcing and

4 Aug 2022 11:03 pm
Gold Price Delhi, August 4, 2022: Gold, Silver Prices rise

Gold price in the national capital on Thursday gained Rs 487 to Rs 52,566 per 10 grams amid a rise in international precious metal prices along with rupee depreciation, according to HDFC Securities. The yellow metal had closed at Rs

4 Aug 2022 9:08 pm
Indian Gold Rates Jump Rs. 350 Today, But Globally Gold Can Fall Further In 2022: Analyst

The Indian gold market is bullish today, following the international trend. The 22-carat gold rate today stood at Rs. 47,500/10 grams, and 24-carat gold rate stood at around Rs. 51,820/10 grams, gaining by around Rs. 350-380/10 grams today. After the US

4 Aug 2022 1:35 pm
Cryptocurrency: Bitcoin Marginally Bullish US$ 23,015, But Fell 2.68% In 5 Days

The cryptocurrency market is quite volatile now. Today, till 7.30 am UTC, Bitcoin surged by 0.83% and was quoted at US$ 23,015, in the intra day trading. Yesterday, Bitcoin closed at US$ 22,825. The asset fell by 2.68% in the last

4 Aug 2022 1:15 pm