BPCL declares 1:1 bonus share issue, Q4 profit declines 30 per cent
New Delhi, May 9 - Bharat Petroleum Corporation Limited (BPCL) on Thursday reported a 30 per cent decline in consolidated net profit of Rs 4,789.57 crore for the January-March quarter financial year 2023-24 compared to the corresponding figure of Rs 6,870.47 crore in
Double-digit growth propels India’s technical textiles industry to world’s 5th rank
New Delhi, May 9 - India's technical textiles market has a huge potential as it is clocking a double-digit growth of 10 per cent and has become the fifth largest in the world, Rachna Shah, Secretary of Ministry of Textiles, said on Thursday.
Honda opens new R&D facility in India to accelerate electrification
New Delhi, May 9 - Honda R&D (India) Private Limited, a subsidiary of Honda Motor Co, on Thursday, opened its new Solution R&D Center in the country to accelerate electrification.
Punjab National Bank clocks 160 pc surge in Q4
New Delhi, May 9 - Punjab National Bank (PNB) on Thursday reported a 160 per cent surge in its net profit to Rs 3,010 crore in the Jan-March quarter of the financial year 2023-24 compared to the corresponding figure of Rs 1,159 crore
Sensex crashes 1,062 points, Rs 7 lakh crore investor wealth eroded
Mumbai, May 9 - The Sensex fell by more than 1,000 points, while the Nifty slid below the 22,000 mark on Thursday amid heavy selling pressure and weak Q4 results by top firms.
Maruti Suzuki launches 4th-gen Swift at starting price of Rs 6.49 lakh
New Delhi, May 9 - Leading carmaker Maruti Suzuki on Thursday launched the 4th generation Epic New Swift at a starting price of Rs 6.49 lakh (ex-showroom) in India.
Stanlow celebrates a century of powering Britain
Stanlow (UK), May 9 - EET Fuels (or “the Company”, formerly Essar Oil UK), which owns and runs the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe, today announces the commemoration of the 100th anniversary of the Stanlow Refinery.
VC firm Venturi Partners invests $27 mn in K12 Techno Services
New Delhi, May 9 - Venture capital firm Venturi Partners on Thursday announced a purchase of a $27 million stake in the education service provider K12 Techno Services from Navneet Learning LLP, a subsidiary of Navneet Education Limited.
HPCL profit dips 25 pc in Q4
Mumbai, May 9 - Hindustan Petroleum Corporation Limited (HPCL) on Thursday reported a nearly 24.9 per cent decline in consolidated net profit at Rs 2,709.31 crore for the Jan-March quarter of 2023-24 from Rs 3,608.32 crore in the same quarter last year as
SBI posts 24 pc jump in Q4 net profit
Mumbai, May 9 - State Bank of India (SBI) on Thursday reported a 24 per cent jump in net profit at Rs 20,698 crore for the Jan-March quarter of 2023-24 compared to the corresponding figure of Rs 16,695 crore in the same period
Asian Paints posts 1.3 pc rise in Q4 net profit
Mumbai, May 9 - Asian Paints on Thursday reported a consolidated net profit of Rs 1,275.3 crore for the Jan-March quarter of 2023-24, a marginal increase of 1.3 per cent compared to the corresponding figure of Rs 1258.41 crore for the same period
Japan’s real wages down for 24th straight month
Tokyo, May 9 - Japan's average monthly wages in inflation-adjusted terms logged the 24th straight month of decline in March, marking the longest period of continuous wage decline since comparable statistics began in 1991, official data showed on Thursday.
Sensex falls more than 800 points, L&T drags Nifty
Mumbai, May 9 - Sensex and Nifty extended their morning session losses. Till 1:30 PM, the majority of the Indices were red as Sensex was down 802 points or 1.05 per cent at 72,664 points while Nifty was down 261 points or 1.17
BMW 3 Series Gran Limousine M Sport Pro edition launched in India
New Delhi, May 9 - The new BMW 3 Series Gran Limousine M Sport Pro edition was launched in India by the luxury car maker on Thursday.
India smartphone market poised for fierce competition in affordable 5G segment
New Delhi, May 9 - With the smartphone market registering 10 per cent (year-on-year) growth in the first quarter (Q1) of 2024 in India and 5G devices capturing 70 per cent share, analysts on Thursday said that the market in this year and
Building business often difficult, but Indian dream is real: Radhika Gupta
New Delhi, May 9 - Even though building a business is many times difficult in India, the Indian dream is real, said Radhika Gupta, CEO of Edelweiss Asset Management and Shark Tank Judge.
Startup hiring surges in India, freshers to grab 53 pc jobs: Report
Bengaluru, May 9 - The Indian startup ecosystem saw a 37 per cent increase in the number of new companies in April, leading to a 14 per cent surge in the number of jobs, a report showed on Thursday.
Air India Express row: ‘Company leadership available for discussions’, CEO says in letter to employees
New Delhi, May 8 - Following the mass sick leave taken by the cabin crew of low-cost airline Air India Express resulting in disruption of flight operations, the airline's CEO Aloke Singh, said in a letter to the employees that the act is
RBI lifts ban on Bank of Baroda’s BoB World
Mumbai, May 8 - Bank of Baroda said on Wednesday that the RBI has lifted its ban on BoB World and the bank has now been allowed to onboard customers through the app.
DERC approves Battery Energy Storage System project
New Delhi, May 8 - The Delhi Electricity Regulatory Commission (DERC) has granted its approval for setting up of a Battery Energy Storage System (BESS) project supported by the Global Energy Alliance for People and Planet (GEAPP's) concessional loan amounting to 70 per