Prime Minister Narendra Modi will on Monday launch petrol blended with 20 per cent ethanol, unveil a solar and conventional energy powered cooking system and inaugurate the India Energy Week in Bengaluru. The India Energy Week (IEW) 2023, being held from February 6 to 8, is aimed to showcase India's rising prowess as an energy [...]
India's crude steel production rose by 5.80 per cent to 124.45 million tonne (MT) in 2022, according to SteelMint. The country had produced 117.63 MT crude steel in 2021, the market research firm said. The production of finished steel was at 110.03 MT, up from over 104.54 MT a year ago, SteelMint said in its [...]
Equity benchmark Sensex declined more than 200 points in early trade on Monday, tracking losses in index-heavyweights Infosys, TCS and HUL amid a broadly negative trend in global markets. Besides, a weak rupee against major rivals dented the domestic equity market sentiments, traders said. The 30-share BSE index was trading 203.71 points or 0.33 per [...]
Sebi on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly financial numbers, by the issuers. Also, the detailed policy should contain methodology in respect of assessing the risk of non-availability of information from the issuers, [...]
Shares of four Adani Group firms, including Adani Enterprises and Adani Ports bounced back on Friday after facing heavy drubbing in the past 6 days. The stock of Adani Enterprises rebounded 1.25 per cent to settle at Rs 1,584.20 apiece on the BSE. During the day, it tumbled 35 per cent to Rs 1,017.10 -- [...]
Homegrown FMCG firm Emami Ltd on Friday reported a 6.12 per cent increase in consolidated Profit after Tax (PAT) to Rs 232.97 crore for the third quarter ended December 2022 amid contraction of gross margins due to inflationary pressure. The company had posted a PAT of Rs 219.52 crore during the October-December quarter of the [...]
Max Healthcare Institute on Friday said it will invest around Rs 400 crore to expand its Mohali-based hospital. The construction of the new building that will house 170 beds officially commenced today, the healthcare provider said in a statement. On completion of the project by the end of the third quarter of 2024, the hospital [...]
Luxury watch retailer Ethos Ltd on Friday said its profit after tax jumped more than 60 per cent to Rs 20.7 crore during the quarter ended December 2022. The company had registered a profit after tax (PAT) of Rs 12.1 crore in the third quarter of the previous fiscal, according to a statement. Its revenue [...]
ITC Ltd on Friday reported a 23.09 per cent increase in its consolidated net profit at Rs 5,070.09 crore for the third quarter ended December 31, 2022. The diversified company had posted a net profit of Rs 4,118.80 crore during the October-December quarter of the previous fiscal, ITC said in a regulatory filing. Its revenue [...]
Tube Investments of India Ltd, a manufacturer of precision steel tubes, has reported a consolidated profit at Rs 324.87 crore for the quarter ending December 31, 2022, the company said on Friday. The company, a part of the diversified conglomerate Murugappa Group, registered a consolidated profit at Rs 390.04 crore during the corresponding quarter last [...]
