Punjab National Bank (PNB) on Monday reported a 44 per cent decline in standalone net profit at Rs 629 crore in the third quarter ended December. The state-owned bank had earned a net profit of Rs 1,127 crore in the year-ago period. However, total income during October-December 2022 increased to Rs 25,722 crore as against [...]
Retail commodity packages containing more than one pack, including gift and multi-piece packs, are required to mention all mandatory declarations including MRP, on the outer pack, according to the Consumer Affairs Ministry. In the latest directive, the ministry said, "It is observed that the mandatory information is not declared on a retail package containing more [...]
More than nine lakh vehicles, owned by central and state governments, transport corporations and public sector undertakings, that are older than 15 years will go off the road from April 1 and new vehicles will replace them, Union minister Nitin Gadkari said on Monday. Addressing an event organised by industry body FICCI, Gadkari said the [...]
State gas utility GAIL (India) Ltd on Monday reported 90 per cent drop in December quarter net profit after it suffered losses in petrochemical and natural gas marketing business. Consolidated net profit of Rs 397.59 crore in October-December 2022 is compared with Rs 3,800.09 crore earning in the same period a year back, according to [...]
Air India on Monday said it will use UK-headquartered Ideagen's enterprise cloud software application Coruson to help enhance safety management and facilitate real-time reporting of in-flight incidents. The Tata group-owned airline's announcement also comes against the backdrop of at least three incidents of unruly passenger behaviour on two international flights last year, for which aviation [...]
Drug major Sun Pharmaceutical Industries on Monday said it has acquired three anti-inflammatory brands from Mumbai-based Aksigen Hospital Care. The company has acquired Disperzyme, Disperzyme-CD and Phlogam as part of the deal. All the brands are approved by the Drugs Controller General of India (DCGI) for post-operative inflammation in patients undergoing minor surgery and dental [...]
The government has given six months more time till July 15 to edible oil makers, packers and importers to mention net quantity in terms of volume and weight on the labels instead of temperature at the time of packing, as part of efforts to curb unfair business practices. Earlier, the entities were given the deadline [...]
South Korea on Monday said India is undeniably a global powerhouse and that the Indian presidency of G20 will unleash its potential and pay heed to insights and feedback from members and contribute to the international community. The statement came from a representative of South Korea who was speaking at the inaugural ceremony of the [...]
Shares of Adani group firms were trading on a mixed note in morning trade on Monday, with flagship Adani Enterprises climbing 10 per cent even as most of the group companies fell, a day after it released a 413-page response to allegations of wrongdoing brought by a US-based short seller Hindenburg Research. Most of the [...]
Wadia group-owned Go First expects to receive Rs 210 crore under the government's credit line guarantee scheme next month as the budget airline seeks to boost its financial position and expand operations. The airline, which received Rs 210 crore from the promoters last month, aims to have 53 operational aircraft in its fleet by the [...]
