HUL posts 6 pc fall in Q4 net profit at Rs 2,406 crore, declares dividend of Rs 24 per share
Mumbai, April 24 - Fast-moving consumer goods (FMCG) giant Hindustan Unilever Ltd (HUL) on Wednesday reported a 6 per cent decline in net profit to Rs 2,406 crore for the January-March quarter from Rs 2,552 crore in the same period of the previous
RBI bars Kotak Mahindra Bank from onboarding new customers online, issuing fresh credit cards
Mumbai, April 24 - The Reserve Bank of India (RBI) on Wednesday directed Kotak Mahindra Bank Limited to stop onboarding of new customers through its online and mobile banking with immediate effect and also barred the bank from issuing fresh credit cards.
Sweden jobless rate rises to 9.2 pc, highest in nine months
Stockholm, April 24 - The Swedish unemployment rate increased in March to the highest level in nine months, figures from Statistics Sweden showed on Wednesday
Metal, PSU stocks lead market gains
Mumbai, April 24 - Metal stocks are the top sectoral gainers in trade while PSU stocks also posted strong gains on Wednesday.
Multiple catalysts for re-rating across verticals as RIL exits fourth investment cycle: Morgan Stanley
New Delhi, April 23 - Global brokerage Morgan Stanley has pointed to multiple catalysts for re-rating across verticals as Reliance Industries Limited (RIL) exits its fourth investment cycle.
RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy
Mumbai, April 23 - While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial institutions such as the IMF, the RBI bulletin released on Tuesday cites six factors that will propel the country to become the world’s third-largest
‘Pakistan’s economy on right track for robust growth,’ claims Minister Muhammad Aurangzeb
Islamabad, April 23 - Pakistan's Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Tuesday, said that the country's economy is moving in the right direction, highlighting the government's commitment to robust economic growth and comprehensive social development.
Domestic demand improved on a sequential basis in March: Morgan Stanley
New Delhi, April 23 - India’s domestic demand-based high-frequency data rose on a sequential basis, even as it slowed in year-on-year terms in March, global brokerage Morgan Stanley said.
Apple ecosystem one of the leaders in job creation in mobile manufacturing: Ashwini Vaishnaw
New Delhi, April 23 - As India becomes the second nation in the world in terms of mobile manufacturing, the Apple ecosystem is now one of the leading employment generators in the sector, Union Railways and IT Minister Ashwini Vaishnaw said on Tuesday.
Govt gets 7 bids under PLI scheme for making Advanced Chemistry Cells to push green energy plan
New Delhi, April 23 - The Ministry of Heavy Industries said on Tuesday that it has received as many as seven bids under the global tender for the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing announced
More than one in five cars sold worldwide is expected to be electric: IEA
New Delhi, April 23 - More than one in five cars sold worldwide this year is expected to be electric, with surging demand projected over the next decade set to remake the global auto industry and significantly reduce oil consumption for road transport,
Telecom, realty stocks lead market gains
New Delhi, April 23 - Telecom stocks are the top performers in the markets on Tuesday.
India’s 1st bullet train set to run in 2026: Railways Minister
New Delhi, April 23 - Significant progress has been made in the construction of various stations for India’s first bullet train and we are geared up to run the first train in one section in 2026, Union Railways and IT Minister Ashwini Vaishnaw
India’s economic activity surges to 14-year high in April: HSBC survey
Mumbai, April 23 - India's economic activity surged close to a 14-year high this month on the back of a strong performance of the manufacturing and services sectors, according to an HSBC survey released on Tuesday.
Reliance Retail records gross revenues of Rs 3.06 lakh crore for FY24
New Delhi, April 22 - Reliance Retail has delivered a resilient performance with another year of strong revenue growth and profit.
Reliance Industries becomes first Indian company to cross Rs 1 lakh crore threshold in pre-tax profits
New Delhi, April 22 - Reliance Industries Limited (RIL) has reported gross revenues of Rs 10 lakh crore ($119.9 billion) for the year ended March 2024, up 2.6 per cent year-on-year supported by continued growth momentum in consumer businesses and upstream business.
CCI sets the ball rolling for studying AI’s impact on market competition
New Delhi, April 22 - The Competition Commission of India (CCI) has set the ball rolling to launch a Market Study on Artificial Intelligence (AI) and Competition to understand the transformative capabilities of AI that have significant pro-competitive potential, as well as competition
Govt bonds worth Rs 32,000 crore to be auctioned on April 26
New Delhi, April 22 - The Finance Ministry on Monday announced the sale of government bonds worth Rs 32,000 crore in two categories on April 26 (Friday).
Jio posts net profit of Rs 5,337 crore in January-March quarter
Mumbai, April 22 - Reliance Jio Infocomm Ltd's net profit rose to Rs 5,337 crore in the January-March quarter, marking a 2.5 per cent rise over the preceding quarter on the back of an addition in net subscriber base, according to an exchange
RBI asks payment firms to report suspicious fund transfers during LS polls
Mumbai, April 22 - The Reserve Bank of India (RBI) has asked non-bank payment system operators (PSOs), to track high-value or suspicious transactions through electronic modes of payment during the ongoing Lok Sabha elections to prevent any misuse of funds to influence voters.