Tata Steel bounces back into profit in Q3 despite challenges in Europe ops
Mumbai, Jan 24 - Tata Steel on Wednesday bounced back with a consolidated net profit of Rs 522.14 crore in the Oct-Dec quarter of the current financial year from a massive Rs 2,501.95 crore loss in the same quarter of the previous fiscal,
Cabinet gives Coal India go-ahead for two projects worth Rs 24,835cr
New Delhi, Jan 24 - The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Wednesday approved two major projects to be taken up by Coal India Ltd (CIL) involving a total investment of Rs 24,834.86 crore.
Cabinet approves Rs 8,500 crore scheme to boost Coal Gasification projects
New Delhi, Jan 24 - The Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the scheme for promotion of Coal Gasification projects of public sector undertakings and private sector companies with an outlay of Rs 8,500 crore for providing incentives under
Govt issues notification for Indian firms to list on GIFT City’s exchanges
New Delhi, Jan 24 - The government on Wednesday issued a notification allowing the direct listing of shares of Indian companies at GIFT City's exchanges.
Canara Bank posts 27% jump in net profit for Oct-Dec quarter
Mumbai, Jan 24 - Canara Bank on Wednesday reported a 26.87% increase in net profit to Rs 3,656 crore for the October-December quarter of the current financial year compared to the corresponding figure of Rs 2,881.5 crore in the same period last year.
Adani Group to invest in various public sectors of Nepal: Minister
Kathmandu, Jan 24 - Nepal Finance Minister Ram Sharan Mahat has said that Adani Group will invest in various public sectors in Nepal including airports and energy sector.
India’s ACME Group inks pact to supply green ammonia to Japan’s IHI Corporation
New Delhi, Jan 23 - ACME Group, a leading renewable energy company in India, and IHI Corporation, a Japanese integrated heavy industry group, have signed an offtake term sheet for supply of green ammonia from India to Japan.
Chinese stocks have lost $6 trillion in 3 years
Hong Kong, Jan 23 - Over the past three years, about $6 trillion -- equivalent to roughly twice Britain’s annual economic output -- has been wiped off the value of Chinese and Hong Kong stocks, a media report said.
Real estate, PSU stocks lead slump in broader markets
New Delhi, Jan 23 - Real estate and PSU stocks are the biggest losers in trade on Tuesday as the BSE Sensex slumped below the 71k mark.
Govt hikes import duty on gold and silver coins, jewellery findings
New Delhi, Jan 23 - The government has raised the import duty on gold and silver findings as well as coins of precious metals to 15 per cent, from 10 per cent at present, with effect from January 22.
GenAI spending from banks to reach $85 bn globally by 2030
New Delhi, Jan 23 - The spending on GenAI by banks will reach $85 billion in 2030, from $6 billion globally in 2024 which is a 1,400 per cent growth, a report showed on Tuesday.
Colgate-Palmolive logs Q3 PAT of Rs 330.11 cr
Chennai, Jan 23 - Fast moving consumer goods (FMCG) company Colgate-Palmolive (India) Ltd closed the third quarter of FY 24 with an after tax profit of Rs 330.11 crore.
Sensex down more than 500 points led by banks
New Delhi, Jan 23 - BSE Sensex has now slumped more than 500 points on Tuesday with banks leading the fall.
AI launches maiden flight with Airbus A350-900 from Mumbai to Chennai
Mumbai, Jan 22 - Air India operated its maiden flight with the most advanced and the country’s first Airbus A350-900 with the carriers’ new livery on the Mumbai-Chennai sector, here on Monday, said an official.
InterGlobe Enterprises appoints Aditya Pande as Group Chief Executive Officer
New Delhi, Jan 22 - InterGlobe Enterprises on Monday announced the appointment of Aditya Pande as its Group Chief Executive Officer, with effect from March 1, 2024.
Ram Mandir in Ayodhya to attract 5 crore tourists every year: Jeffries report
New Delhi, Jan 22 - Ram Mandir in Ayodhya is expected to have a big economic impact in the region as tourism is projected to surge to 5 crore visitors every year to the holy town, according to global brokerage firm Jeffries.
Worst start to a year for Chinese stocks since 2016
London, Jan 22 - China’s stock market had a rough 2023 and the rout has accelerated in the first few weeks of the New Year, after Beijing dashed hopes that it might do more to support the struggling economy, a media report said.
Coal import by power plants declines 40.66% in April-Dec as local production rises
New Delhi, Jan 22 - The country’s power generation based on domestic coal increased by 7.14 per cent to 872 billion units during April-December of the current financial year, compared to 813.9 billion units generated in the same period of the previous fiscal.
India’s first Airbus A350 takes wings with passengers from B’luru to Mumbai
Bengaluru, Jan 22 - Air India on Monday launched its maiden scheduled commercial flight with the country’s first Airbus A350-900 -- also the first aircraft in the new bold Air India livery -- heralding a new era for Indian aviation.
ITC’s Aashirvaad Svasthi Ghee to spread ‘Aro-ma of Love’ during Pran Pratishtha at Ram Mandir in Ayodhya
New Delhi, Jan 22 - During the sacred occasion of the Pran Pratishtha ceremony at the Lord Ram Mandir in Ayodhya on the 22nd of this month, Aashirvaad Svasthi, ITC's Ghee brand, is set to spread and imbue the ‘Aro-Ma of Love’ in