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National / Business Standard

Indiabulls Real Estate posts Rs 60 crore net loss in January-March quarter

The company had posted a net profit of Rs 94.41 crore in the year-ago period

27 May 2022 9:12 pm
Oil India reports highest-ever profit due to high fuel, gas prices

Net profit at Rs 1,630.01 crore in January-March was almost double of Rs 847.56 crore profit in the same period of last year, OIL Director (Finance) Harish Madhav told reporters

27 May 2022 9:08 pm
Sebi searches 16 'suspected entities' in Axis MF front-running case

Covers 30 locations across multiple cities including Maharashtra and Gujarat.

27 May 2022 9:03 pm
Crompton Greaves net declines 29% to Rs 176.55 cr in March quarter

The company had posted a net profit of Rs 249.08 crore in the January-March period a year ago, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a BSE filing

27 May 2022 9:02 pm
Shipping Corporation of India profit jumps 77% to Rs 152 crore in Q4

Shipping Corporation of India (SCI) on Friday reported a 77.42 per cent jump in its consolidated profit to Rs 152.16 crore for the fourth quarter ended March 2022.

27 May 2022 9:01 pm
India-Myanmar border trade to resume soon after being shut for two years

The official trade through the Moreh Integrated Check Post (ICP) has been closed since March 2020 after the Covid-19 pandemic outbreak.

27 May 2022 9:01 pm
METZ launched 86 4K Android 10 TV with boundless screen

New Delhi [India], May 27 (ANI/PNN): Metz has Launched the NEW ERA of 86 LED TV which comes with Android 10, boundless screen & preloaded most watched OTT Platform Application.

27 May 2022 9:00 pm
No employee data compromised; ransomware hits SpiceJet audit process

Company postpones quarterly results scheduled on May 30

27 May 2022 8:59 pm
United Spirits Q4 profit down 12% at Rs 179 crore amid rising inflation

The company had posted a net profit of Rs 203.3 crore in the year-ago period, according to a regulatory filing

27 May 2022 8:59 pm
City Union Bank Q4 net jumps 88% to Rs 209 cr on less bad loan provisions

The bank trimmed its bad loans proportion with the gross non-performing assets (NPAs) declining to 4.70% of the gross advances as of March 31, 2022, as against 5.11% in the year-ago period

27 May 2022 8:54 pm
Traceability first step to address fake reviews, govt tells e-commerce cos

A meeting was held on Friday by Department of Consumers Affairs with Amazon, Flipkart, Reliance and Tata to address the issue, say sources

27 May 2022 8:49 pm
GAIL says it's open to buying Russian oil-gas assets if offered good deal

GAIL is considering buying gas from challenging local fields to address surging local demand for natural gas, including striking long-term liquefied natural gas import deals with global companies

27 May 2022 8:49 pm
Delhi reports 445 new Covid cases, no fatalities; positivity rate at 2.04%

With the new cases, Delhi's Covid-19 tally increased to 19,05,512 while the death toll stands at 26,208, the department said in its latest bulletin

27 May 2022 8:47 pm
8 bn rubles of Indian oil companies stuck in Russia, says officials

All dividend income prior to Ukraine war was repatriated but the one that accrued after that is stuck, said Harish Madhav, Director (Finance), Oil India Ltd, which is one of the partners in the fields

27 May 2022 8:37 pm
SpiceJet defers Q4 earning announcements due to ransomware attack

In a regulatory filing, SpiceJet said it has postponed its board meeting on May 30, to consider and approve the company's March quarter and FY22 results to a later date

27 May 2022 8:33 pm
Street looking beyond Apollo Hospitals' disappointing Q4 performance

Based on sum-of-the-parts valuation, some analysts have pegged their target price between Rs 4,900-5,000

27 May 2022 8:27 pm
Puravankara posts Rs 20 crore loss in Q4; income falls to Rs 320 crore

The company's net profit stood at Rs 147.06 crore for 2021-22

27 May 2022 8:27 pm
JSW Steel Q4 net profit down 20%; announces JISPL merger with itself

Revenue up 74 per cent YoY to Rs 46,895 crore as company says its opportunities for exports are expanding.

27 May 2022 8:23 pm
Invact Metaversity CEO Maheshwari steps down, will explore other avenues

The company has been in news as both the founders, Maheshwari and Tanay Pratap, had differences on how to run the firm

27 May 2022 8:20 pm
Okinawa Autotech to invest Rs 1200-1,500 cr in e-two-wheelers in two years

This includes the JV with Tacita; company is in talks with PE firms

27 May 2022 8:15 pm
Future Consumer Q4 net loss widens to Rs 346 cr, revenue dips 32%

Future Consumer Ltd (FCL), the food-led FMCG company of debt-ridden Future Group, on Friday reported widening of its net loss to Rs 346.23 crore for the fourth quarter ended March 31, 2022. The company, which posted a net loss of Rs 155.12 crore in the January-March quarter a year ago, said due to the impact of COVID-19 and insolvency proceedings against its main customer Future Retail Ltd, there is a material uncertainty over the group's ability to continue as a going concern. Its revenue from

27 May 2022 8:09 pm
Sending money abroad? Choose an agent known for honesty, speed and economy

Always keep a record of your transaction in case you need to track it in the future

27 May 2022 8:03 pm
JPVL posts Rs 2.27 crore Q4 loss versus Rs 215 crore profit a year ago

Jaiprakash Power Ventures Ltd (JPVL) on Friday said it has posted a consolidated loss of Rs 2.27 crore in the quarter ended March, dragged by higher expenses.

27 May 2022 7:59 pm
Uttar Pradesh failing in key development parameters: Akhilesh Yadav

Samajwadi Party president Akhilesh Yadav on Friday alleged that contrary to claims of development of the Yogi Adityanath government, Uttar Pradesh is lagging behind in several key parameters. Talking to reporters here, Yadav said the BJP government is making tall claims of development in the state, but everyone is aware of the truth. Today all figures, whether of primary education or mid-day meal or you look at the data of NITI Aayog, Uttar Pradesh is continuously going down, he claimed. The for

27 May 2022 7:57 pm
Welspun Corp profit falls 30% to Rs 263 cr in Q4 due to higher expenses

Welspun Corp Limited (WCL) on Friday said its consolidated net profit fell by 30 per cent to Rs 263.56 crore in the quarter ended March on account of higher expenses.

27 May 2022 7:56 pm
Modi mourns deaths of soldiers in Ladakh accident, offers families help

7 Army soldiers were killed and 19 others injured in the Tuktuk sector of Ladakh on Friday when the vehicle they were travelling in skidded off the road and fell into Shyok river, Army officials said

27 May 2022 7:47 pm
Char Dham railway line: An uphill task in face of geological challenges

RVNL ready to build a curtailed link: that would mean the Indian Army will have to cover a longer distance to the China border by road.

27 May 2022 7:24 pm
Centre orders action against NCB officer for 'shoddy' probe in drugs case

Wankhede is an Indian Revenue Service officer and the finance ministry is the nodal authority to take the action against him.

27 May 2022 7:24 pm
Geetanjali Shree's Tomb of Sand 1st Hindi novel to win International Booker

Tomb of Sand', originally Ret Samadhi', is set in northern India and follows an 80-year-old woman in a tale the Booker judges dubbed a joyous cacophony and an irresistible novel.

27 May 2022 7:23 pm
TCI Express Q4 net profit dips over 14% to Rs 36 crore, income soars 6%

Logistics company TCI Express on Friday posted over 14 per cent fall in its net profit at Rs 35.93 crore during the March 2022 quarter.

27 May 2022 7:17 pm
No wheat shortage in India, ban imposed to check rampant export: Tomar

There was no shortage of wheat in India, but the Centre has imposed a ban on its export to check ampant overseas sales of the grain, Union Agriculture Minister Narendra Singh Tomar

27 May 2022 7:16 pm
Nearly 200 cases of monkeypox in more than 20 countries, says WHO

200 cases of monkeypox have been reported in more than 20 countries. WHO described the epidemic as containable and proposed creating a stockpile to equitably share the limited vaccines and drugs

27 May 2022 6:56 pm
Hitachi Energy India net profit up 31% to Rs 52 cr in March quarter

Hitachi Energy India on Friday posted an over 31 per cent rise in net profit to Rs 51.68 crore for the March quarter, mainly on the back of higher revenues. The company had posted a net profit of Rs 39.44 crore in the quarter ended March 31, 2021, a BSE filing showed. Total income in the quarter under review rose to Rs 1,142.13 crore from Rs 1,023.77 crore in the year-ago period. The company follows the January to December fiscal year. The board of directors recommended a dividend of Rs 3 per sh

27 May 2022 6:53 pm
Iconic rifle, helmet at India Gate shifted to National War Memorial

The iconic rifle and the soldier's war helmet, which were part of the Amar Jawan Jyoti at the India Gate, were moved to the National War Memorial on Friday. The defence ministry said the armed Forces shifted the inverted rifle and the helmet from India Gate, which was the symbol of fallen soldiers of 1971 war, to Param Yodha Sthal at National War Memorial. It said the rifle and the helmet were installed in the midst of busts of Param Vir Chakra awardees. With this ceremony, the integration of th

27 May 2022 6:51 pm
Ircon International posts 41.8% rise in Q4 net profit at Rs 242 crore

The consolidated income of the company in the period under review increased to Rs 3,010.71 crore over Rs 2,513.42 crore in the preceding year.

27 May 2022 6:38 pm
Nykaa reports 49% drop in quarterly net profit as expenses surge

The cosmetics-to-fashion platform, headed by Falguni Nayar, has said its marketing expenses in 2020 came in exceptionally low as it did not spend as much on advertising due to the pandemic

27 May 2022 6:37 pm
RR vs RCB Qualifier 2 Live Updates: Sanju wins toss, Rajasthan bowl first

RR vs RCB Qualifier 2 Live Updates: Catch all the action from the Rajasthan Royals vs Royal Challengers Bangalore clash in IPL 2022 from the Narendra Modi Stadium, Ahmedabad

27 May 2022 6:35 pm
India's first semi-high speed freight train likely to run by December

Replicating the concept of Vande Bharat trains, the 16-coach 'Gati Shakti' train can clock 160 kmph and will be manufactured at the Integral Coach Factory (ICF) in Chennai.

27 May 2022 6:32 pm
Rahul lauds Nehru on death anniversary, calls him institution builder

He said India now needs a Bharat jodo more than ever before. His reference was towards uniting India in the present atmosphere. Congress is holding a Bharat jodo yatra from Kanyakumari to Kashmir

27 May 2022 6:29 pm
EU may clinch summit deal to sanction Russian oil shipments, says official

Hungary's resistance to oil sanctions - and the reluctance of a handful of other countries - has held up implementation of a sixth package of sanctions by the 27-member EU against Russia

27 May 2022 6:17 pm
Investments in proptech firms expected to touch $ 1 billion in 2025: Report

With a focus on health and wellness, the consultant Colliers India said that smart building materials with automated air quality systems are increasingly gaining traction.

27 May 2022 6:17 pm
JSW Steel Q4 net profit shrinks 20% to Rs 3,343 cr due to higher expenses

JSW Steel on Friday reported a 20 per cent decline in its consolidated net profit to Rs 3,343 crore for the March 2022 quarter, dragged by higher expenses.

27 May 2022 6:14 pm
Top headlines: Economic recovery underway: RBI; Aryan Khan absolved

The Narcotics Control Bureau on Friday cleared Aryan Khan, son of Bollywood actor Shah Rukh Khan, of all charges in the drugs-on-cruise case.

27 May 2022 6:08 pm
G-7 mulls zero coal use for power generation by 2035 to meet climate goals

Ministers from the G-7 countries meeting in Berlin also announced a target to have a highly decarbonised road sector by 2030, meaning that zero emission vehicles would dominate the sales

27 May 2022 6:07 pm
Adani Enterprises subsidiary picks 50% stake in General Aeronautics

Made for an undisclosed amount, the acquisition will help Adani leverage its own military drone as well as AI and ML capabilities for extending work into domestic farm sector

27 May 2022 6:06 pm
AAP's offer of free power in Gujarat troubling state BJP chief: Kejriwal

Hitting out at Gujarat BJP chief for allegedly taking potshots over freebies being offered by some leaders in state, Kejriwal said in order to provide free electricity, corruption has to be ended

27 May 2022 6:05 pm
Jayaswal Neco case to help bankrupt cos, lenders to resolve debt faster

Lenders may sign out-of-court settlements with other bankrupt companies, ARCs

27 May 2022 6:03 pm
For India economic entropy presents both an opportunity and a big challenge

Entropy, or the disorder in a system, is a concept not usually used to understand economic trends, but it best describes the disorder and randomness at work today, writes T N Ninan

27 May 2022 6:00 pm
A snapshot of home loan rates offered by various banks with details

Here's how the home loan interest rates offered by various banks and HFCs stack up

27 May 2022 5:50 pm
27 May 2022 5:42 pm