Sitharaman on Wednesday chaired the fifth meeting of the Governing Council (GC) of National Investment and Infrastructure Fund (NIIF), in New Delhi. Finance Minister Nirmala Sitharaman has urged the National Investment and Infrastructure Fund (NIIF) to expand its operations and explore ways to crowd in private capital for projects under the National Infrastructure Pipeline, PM […]
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To streamline disclosure requirements, markets regulator SEBI has proposed mandating the top 250 listed companies to confirm or deny any information reported in the mainstream media, which may have material effect on the listed entity. In addition, SEBI has suggested reducing the timeline to 12 hours from the occurrence of event or information from 24 […]
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Hatsun Agro Product Ltd. (HAPL) has reported a 49% dip in standalone net profit for the second quarter ended September to ₹42 crore on an increase in raw material costs and unprecedented rainfall. During the quarter under review, the revenue from operations grew by 7% by ₹1,748 crore, while raw material costs rose from ₹1,148 […]
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India’s imports from China in 2021 alone exceeded exports to its northern neighbour by almost $70 billion India’s imports from China in 2021 alone exceeded exports to its northern neighbour by almost $70 billion The favourable trade balance that China has enjoyed with India, since bilateral commerce began to boom in the early 2000s, […]
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The Group of Seven richest economies (G7) has been trying to enforce a price-capping mechanism on Russian oil exports The Group of Seven richest economies (G7) has been trying to enforce a price-capping mechanism on Russian oil exports India said on Wednesday it will examine a proposal by Western nations to impose a price cap […]
Continue ReadingThe company said sales to original equipment customers grew by 25% and sales to aftermarket customers by 1% The company said sales to original equipment customers grew by 25% and sales to aftermarket customers by 1% Rane Brake Lining Ltd. has posted an almost 20% increase in standalone net profit for the second quarter to […]
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India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year India is poised to allow 5 million tonnes of sugar exports in the first tranche for the new marketing year India is poised to allow 5 million tonnes of sugar exports in the first tranche […]
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The newly formed joint venture will earmark about $200 million in collaboration with DBS Bank to extend capital for about 150 start-ups in Tamil Nadu, Karnataka and Maharashtra The newly formed joint venture will earmark about $200 million in collaboration with DBS Bank to extend capital for about 150 start-ups in Tamil Nadu, Karnataka and […]
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Goldman Sachs downgraded top Indian information technology service providers Tata Consultancy Services and Infosys to “sell,” from “buy,” citing a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress. “We believe a slowdown in discretionary IT services spend around the growth and transformation agenda will be quite material and something not […]
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Cholamandalam Financial Holdings Ltd. (CFHL), a core investment company of the Murugappa Group, has posted a 63% growth in its consolidated net profit for the first quarter to ₹582 crore. Total income rose by 10% to ₹3,963 crore, the company said in a regulatory filing. Cholamandalam Investment & Finance Company Ltd., in which the company […]
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