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National / Zee Biz

Dabur Q4 result preview: PAT likely to rise 20%; demand expected to remain slow

The FMCG company is likely to report a revenue of Rs 2,832 crore against Rs 2,678 crore year-on-year (YoY), up 6 per cent.

30 Apr 2024 4:14 pm
Central Bank of India Q4 Results: Net profit jumps 41% to Rs 807 crore

Central Bank of India Q4 Results:On the asset quality side, the bank's gross Non-Performing Assets (NPAs) were reduced to 4.5 per cent of gross advances as of March 31, 2024, compared to 8.44 per cent by the end of March 2023.

30 Apr 2024 3:59 pm
BHEL ties up with HIMA Middle East FZE, Dubai for railway signalling business

According to the filing, the BHEL has entered into a strategic partnership agreement for the railway signalling business with HIMA Middle East FZE, Dubai.

30 Apr 2024 3:48 pm
VLL's Rs 85 million investment to advance India's capabilities in smart meter manufacturing

IGTL is a 51:49 joint venture company of IGL and VLLs subsidiary GGSPL and with thisround of capital infusion both the JV partners have infused capital of Rs 544 Million in thisJV company.

30 Apr 2024 3:45 pm
Indian Oil Q4 Results: Net profit drops 40% sequentially, misses analysts' estimates; PSU declares dividend

Indian Oil Q4 Results:State-run Indian Oil Corporation reported a 40 per cent quarter-on-quarter fall in standalone net profit to Rs4,840 crore for the January-March period.

30 Apr 2024 3:24 pm
New Force Gurkha to launch soon; Models available for booking

TheGurkha offers a 9-inch infotainment display, complemented by a full digital instrument cluster and various creature comforts. However, compared to other SUVs in its segment, such as the Thar, it falls short on certain features.

30 Apr 2024 2:48 pm
SES ESG Research receives SEBI nod to operate as ESG ratings issuer

SES ESG Research, a wholly owned subsidiary of Stakeholders Empowerment Services (SES), has received the certificate of registration from SEBI to operate as a provider ofenvironmental, social and governance (ESG) ratings.

30 Apr 2024 2:09 pm
NHPC collaborates with Norwegian firm for floating solar technology in India

The panels would be mounted on hydro-elastic membranes, at relevant sites to be identified by NHPC. The agreement is in continuation of efforts towards sustainable development and addition of renewable energy capacity by NHPC, which is engaged not only in hydro power development but also in various renewable energy projects such as solar, wind and green hydrogen projects.

30 Apr 2024 1:42 pm
Star Health Insurance Q4 Results: Profit rises 40% to Rs 142 crore

Star Health Insurance Q4 Results:Star Health and Allied Insurancereported a 40 per cent increase in net profit to Rs 142 crore for the fourth quarter ended March 2024.

30 Apr 2024 1:36 pm
HSBC CEO Noel Quinn steps down

Quinn, the lender said, has delivered record profits and the strongest returns in over a decade, adding that he has successfully simplified and focused the bank, most recently with the sale of the Canada and Argentina operations.

30 Apr 2024 1:35 pm
Sanofi introduces diabetes drug Soliqua in India

The company introduced the medication after receiving the marketing authorisation from the Central Drugs Standard Control Organization (CDSCO) earlier last year.

30 Apr 2024 1:29 pm
Sterlite Power bags projects worth Rs 2,500 crore in Q4

Pratik Agarwal, Managing Director, Sterlite Power, said, the company's GPS business is experiencing significant growth. These products are essential in driving the sector's expansion over multiple decades, spurred by the global shift towards energy transition and decarbonization.

30 Apr 2024 1:23 pm
Granules gets USFDA nod for generic gout medication

The company's product is therapeutically equivalent to Hikma International Pharmaceuticals LLC's Mitigare Capsules (0.6 mg), it added.

30 Apr 2024 12:03 pm
Will double India headcount annually for 3 years to expand footprint: Transcom India

Transcom recently acquired homegrown IT services company VCosmos, which is now called Transcom India.

30 Apr 2024 11:59 am
Rs 9 lakh investment in this post office scheme gives you Rs 5,550 a month; get details

Investors seeking guaranteed returns and monthly income can invest in Post Office Monthly Income Scheme (MIS). A one-time investment will help you get a fixed monthly income in this post office scheme.

30 Apr 2024 11:07 am
Corporate Bonds: Higher returns than FDs while prioritizing safety, makes it an attractive investment option, says Nikhil Aggarwal, Founder CEO of Grip Invest

Corporate Bonds: Bank Fixed Deposits offer conservative returns, typically around 5 per cent to 7 per cent per annum, while Aggarwal informs that corporate bonds yield higher returns, ranging from 7 per cent to 14 per cent per annum based on credit ratings.

30 Apr 2024 12:04 am
UCO Bank to infuse fresh capital in FY'25, Q4FY'24 standalone net down 9.5% to Rs 525 crore, declares dividend of Rs 0.28 per share

Subject to shareholder approval, the lender will explore various methods like QIP (Qualified Institutional Placement), FPO (Follow-on Public Offer), etc, for issuing 400 crore equity shares of Rs 10 each, the bank informed bourses.

29 Apr 2024 10:05 pm
Monthly average cash withdrawals went up by 5.51% in FY24: Report

In an annual report, which comes amid bigger strides being made by digital payment modes like UPI that has led to notion of decline in cash usage, the company said monthly average automated teller machine (ATMs) cash withdrawals were at Rs 1.35 crore in FY23.

29 Apr 2024 9:57 pm
Tata Chemicals Q4 results: Net loss at Rs 818 crore on lower income, loss on account of exceptional items

The consolidated profit after tax (before exceptional items and Non-Controlling Interest) from continuing operations declined to Rs 145 crore in the fourth quarter of the last fiscal, as compared to Rs 694 crore in the corresponding period of the preceding year, according to a regulatory filing.

29 Apr 2024 9:30 pm
NSE to sell digital tech business to Bahrain's Investcorp for Rs 1,000 crore to focus on core business

NSEIT offers advanced digital transformation and cybersecurity services to global customers in capital markets, insurance, and banking.The deal excludes its digital examinations business, as per a statement, which said Investcorp has entered into an agreement to acquire NSEIT.

29 Apr 2024 9:15 pm
Sun Pharma gets Rs 1.11 crore tax demand

The company has received an order from the Joint Commissioner, CGST and Central Excise, passed under the GST Act, raising a demand of Rs 1,11,60,156, imposing a penalty of Rs 11,16,016 and interest as applicable, Sun Pharmaceutical Industries said in a regulatory filing.

29 Apr 2024 9:07 pm
Shoppers Stop Q4 results: Consolidated net profit rises 62.55% to Rs 23.18 crore

The company had posted a consolidated net profit of Rs 14.26 crore in the same period a year-ago, Shoppers Stop said in a regulatory filing.Consolidated revenue from operations during the quarter under review stood at Rs 1,046.34 crore as against Rs 923.90 crore in the corresponding period of the previous fiscal.

29 Apr 2024 8:48 pm
Ola Mobility CEO Hemant Bakshi quits, firm to lay off 10-15% staff

Hemant Bakshi has resigned from the company with immediate effect. Ola Cabs division might lay off 10-15 per cent employees, a source said.Bakshi had joined the company in January, 2024.

29 Apr 2024 8:13 pm
Gillette India January-March profit dips 4% to Rs 99.09 crore

The company, which follows the July-June financial year, delivered sales of Rs 681 crore, up 10 per cent from the year-ago period, driven by superior innovations across the portfolio, and strong brand fundamentals, according to a regulatory filing.

29 Apr 2024 8:05 pm
Trent Q4 results: Profit sees multi-fold jump at Rs 712.09 crore; sales up 51% to Rs 3,297.7 crore

The company had posted a consolidated net profit of Rs 44.95 crore in the January-March quarter a year ago, according to a regulatory filing from Trent Ltd, which operates retail stores under the brand names -- Westside, Zudio and Star.

29 Apr 2024 7:52 pm
7th Pay Commission: Allowances for Central Government employees rise by 25% after Dearness Allowance hiked to 50% Check full list of benefits, payable amount, arrear date, calculation

Dearness Allowance Hike, Children Education Allowance (CEA), Hostel Subsidy, CEA for Divyang children of Government employees, Special Child Care to women with disabilities, 7th Pay Commission:Alongwith the Dearness Alowance hike, the limit of a number of allowances for Central Government employees was automatically raised by 25 per cent after the Dearness Relief (DR) was hiked to 50 per cent from January 1, 2024.

29 Apr 2024 6:57 pm
RBI cancels Acemoney India NBFC licence citing irregular lending practices

The RBI has cancelled the licence ofAcemoney India Limited, a non-banking financial company, exercising its powers underSection 45-IA (6) of the Reserve Bank of India Act, 1934.The company, which had received the certificate of registration inFebruary 2017, provided loan services through a number of apps, including AgMoney,NiceCash, Leading Cash, TopCash, CreditEasy, InhanCash, KeyBorrow, Loan Union, Instant Loan, Urupee, RupeeUp, RupeeYes, Cashfull, Dreamloan, and Cash Dove.

29 Apr 2024 6:29 pm
FD Vs NSC: National Savings Certificate or 5-year FD? Which will give you more returns on Rs 2 lakh investment?

FD Vs NSC Post Office Schemes: Like banks, many types of schemes are run by the post office, in which, one can get good guaranteed returns. Know about two such schemes which provide good interest along with tax benefits.

29 Apr 2024 6:28 pm
PNB Housing Finance Q4 profits rises 57% to Rs 444 crore

Total income duringthe quarter rose to Rs 1,806 crore from Rs 1,628 crore.

29 Apr 2024 5:32 pm
Havells India Q4 Results Preview: Net profit likely to grow 4% to Rs 372 crore, margin may shrink

Havells India Q4 FY24 Results Preview: FMEG firm Havells India is likely to register a3.9 per cent year-on-year increase in consolidated net profit to Rs372 crore for the January-March period, according to Zee Business research. Havells is scheduled to report its financial results for the fourth and final quarter of FY24 on Tuesday, April 30.

29 Apr 2024 5:11 pm
Bharti Airtel touches 6.9 million 5G customers mark in Karnataka Bengaluru

We are making significant strides in building the network infrastructure required to facilitate widespread adoption of 5G in Karnataka, CEO-Karnataka, Bharti Airtel, Vivek Mehendiratta, said.

29 Apr 2024 5:04 pm
Apollo Tyres ties up with NATRAX to set up test track to validate tyres for EVs

Evaluating cut and chip resistance of tyres is crucial for EVs due to their unique characteristics, such as regenerative braking and high-speed acceleration.

29 Apr 2024 4:47 pm
Jaiprakash Power Ventures posts Rs 588.79 cr profit in March quarter

The company had reported a consolidated net loss of Rs 43.99 crore in the quarter ended on March 31, 2023, a regulatory filing said.

29 Apr 2024 4:36 pm
Step-up SIP: How SIP can double, triple and quadruple your investment; know calculations

Mutual Fund Step-up SIP: When you start investing in a mutual fund scheme through a Systematic Investment Plan (SIP), you invest a fixed amount every month. But if you want, you can also opt for a top-up SIP, where you can increase SIP amount every year. Since you get compound growth in SIP investment, increasing SIP amount every year may help you achieve your investment goal faster and can multiply your money by many times.

29 Apr 2024 4:34 pm
UltraTech Cement Q4 net profit up 35% to Rs 2,258.6 crore; sales up 9.5% to Rs 20,418 crore

The leading cement maker had posted a consolidated net profit of Rs 1,670.10 crore in the January-March quarter of the last fiscal, according to a regulatory filing from UltraTech.

29 Apr 2024 4:34 pm
FMCG company GRM receives order worth Rs 465 million

GRM has a market for its rice in 42 countries and is India's third leading rice exporter.

29 Apr 2024 3:23 pm
IOCL Q4 result preview: PAT and revenue likely to decline; EBITDA to rise slightly

Indian Oil Corporation Q4 Preview: Zee Business analysts estimate the company's standalone net profit at Rs 8,000 crore, against Rs 8,063 crore logged in the previous quarter, which implies a one per cent decline.

29 Apr 2024 3:22 pm
Oister Global announces Rs 440 crore fund for technology sectors

Oister has previously invested in marquee funds like Blume Ventures and Stride Ventures.

29 Apr 2024 2:03 pm
Kundan Green Energy gets 42 MW hydropower project in Uttarakhand

The Okhali project is part of an agreement with the Uttarakhand government signed last year to develop a total of 80 MW greenfield hydropower capacity in the state at an investment of Rs 1,000 crore, Kundan Green Energy said in a statement.

29 Apr 2024 1:59 pm
Waaree Energies secures 400 MW modules supply order in Gujarat

The contract entails the comprehensive supply of solar PV modules incorporating advanced bifacial technology for the 2,375 MW RE (Renewable Energy) Park near village Khavda, Great Rann of Kutch, Gujarat, it said.

29 Apr 2024 1:49 pm
Smriti Irani has invested in this post office scheme, women have investment opportunity only till next year, get details

Post Office Scheme for Women: Finance Minister Nirmala Sitharaman announced Mahila Samman Savings Certificate (MSSC) in last year's budget. The scheme was started from April 1, 2023. One of the prominent persons in the country to invest in the scheme is Union Minister Smriti Irani, who invested in it last year. Know the special features of the scheme.

29 Apr 2024 1:45 pm
China set to launch high-stakes mission to moon's 'hidden' side

China brought back samples from the moon's near side in the first sample retrieval in more than four decades, confirming for the first time it could safely return an uncrewed spacecraft to Earth from the lunar surface.

29 Apr 2024 9:21 am
Spice maker MDH says its spices are safe after quality allegations

Hong Kong this month suspended sales of three MDH spice blends and an Everest spice mix for fish curries. Singapore ordered a recall of the Everest spice mix as well, saying it contains high levels of ethylene oxide, which is unfit for human consumption and a cancer risk with long exposure.

28 Apr 2024 7:38 pm
In a first against a Big 4 audit firm, ICAI cracks the whip against EY India affiliates for professional misconduct

Chartered accountants' apex body ICAI has found three EY India affiliate entities guilty of professional misconduct. The CA body has reprimanded two of the three entities for breaches of the Chartered Accountants Act.

28 Apr 2024 3:36 pm
UAE committee tasked with assessing flood damage holds first meeting

The meeting was presided over by Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, and attended by members of the Committee from various federal and local entities.

28 Apr 2024 2:51 pm
IRCON bags railway project worth Rs 1,200 crore in joint venture

Ircon International Ltd (IRCON) under its joint venture with Dineshchandra R Agrawal Infracon Pvt Ltd (DRA) i.E. Ircon-DRA JV has been awarded the LoA for the construction of Kottavalasa-Koraput Doubling Project from Shivalingapuram Station to Borraguhalu Station..., the Railway PSU said in an exchange filing.

28 Apr 2024 2:06 pm
AU Small Finance Bank aims to double balance sheet to Rs 2.5 lakh crore in 3 years: MD Sanjay Agarwal

We are targeting a growth of 25 per cent in the next three years and we should double the balance sheet size to Rs 2.5 lakh crore by the time we complete one decade of existence, AU Small Finance Bank managing director Sanjay Agarwal told PTI.

28 Apr 2024 1:53 pm
Gaza aid flotilla halted after vessels flag removed, activists say

The Turkish Humanitarian Relief Foundation (IHH) is the primary organizer of the civilian Freedom Flotilla Coalition, which is comprised of human rights activists, including lawyers, doctors and nurses who came together to deliver aid directly to Gaza.

28 Apr 2024 9:13 am
Mercedes-Benz says US DOJ ended investigation into diesel emissions scandal

In 2016, the U.S. DOJ called on Mercedes-Benz to conduct an internal investigation into possible manipulated emissions, values in diesel vehicles.

28 Apr 2024 8:55 am
State Bank of India, HCLSoftware join hands to digitally transform customer engagement

As part of the five-year agreement, HCLSoftware will deploy the HCL Unica platform to enable SBI to digitally transform its customer interaction framework.

27 Apr 2024 8:02 pm