by PTI News | May 21, 2022 | 9:37 pm | Economy, News, Trending News
Under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices that has also pushed inflation to a multi-year high. The excise duty cut will translate into a reduction [...] 
by PTI News | May 21, 2022 | 5:38 pm | Corporate Action, News, Trending News
Digital financial services firm One97 Communications, which operates under Paytm brand, on Saturday said it has formed a joint venture general insurance company in which it has committed to invest Rs 950 crore over a period of 10 years. The proposal to set up joint venture firm Paytm General Insurance Limited (PGIL) was approved by [...] 
by PTI News | May 21, 2022 | 5:34 pm | Company Results, News
State-owned engineering firm BHEL on Saturday returned to black posting Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income. In the year-ago quarter, the company had reported a consolidated net loss of Rs 1,036.32 crore, according to a regulatory filing. Total income during January-March 2022, rose to Rs 8,181.72 crore, [...] 
by PTI News | May 21, 2022 | 5:32 pm | Economy, News, Trending News
Exodus of foreign money from the Indian equity markets continues unabated with FPIs pulling out over Rs 35,000 crore so far this month on concerns over the prospects of more aggressive rate hike by US Fed and appreciation of the dollar. With this, net outflow by Foreign Portfolio Investors (FPIs) from equities reached Rs 1.63 [...] by PTI News | May 21, 2022 | 11:39 am | Company Results, News
Infrastructure investment trust IndiGrid has posted over 45 per cent rise in its consolidated net profit at Rs 99.80 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of India Grid Trust (IndiGrid) was Rs 68.69 crore in the quarter ended March 31, 2021, a regulatory filing showed. [...] 
by PTI News | May 21, 2022 | 11:16 am | Company Results, News
Digital financial services firm One97 Communications, which operates under the Paytm brand, on Friday reported widening of its consolidated loss to Rs 761.4 crore for the quarter ended March 2022 on account of rise in payment processing charges and employees benefit expenses. The company had posted a loss of Rs 441.8 crore in the same [...] 
by PTI News | May 20, 2022 | 10:12 pm | Company Results, News, Trending News
Indian Railway Finance Corporation Limited, the market borrowing arm of Indian Railways, on Friday posted a 37.90 per cent growth in its profit after tax at Rs. 6,090 crore in FY22. In the preceding fiscal, the company had reported its Profit After Tax (PAT) at Rs 4,416 crore, Indian Railway Finance Corporation (IRFC) said in [...] 
by PTI News | May 20, 2022 | 10:10 pm | Corporate Action, News, Trending News
Indraprastha Gas Ltd, the nation's largest CNG retailer, will invest about Rs 8,000 crore in the next five years to expand the city gas network of CNG stations and pipelines, taking environment-friendly fuel to household kitchens and factories, the company's Managing Director Sanjay Kumar said on Friday. Indraprastha Gas Ltd (IGL) currently has major operations [...] 
by PTI News | May 20, 2022 | 10:08 pm | Corporate Action, News, Trending News
Capital markets regulator Sebi on Friday imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for misutilisation of client securities. The amount has to be paid by IIFL within 45 days. The order came after Sebi conducted multiple inspections of the books of accounts of IIFL, now known as IIFL Securities, for [...] 
by PTI News | May 20, 2022 | 10:06 pm | Company Results, News, Trending News
Amara Raja Batteries Ltd on Friday reported a decline of 47.80 per cent in consolidated net profit at Rs 98.85 crore in the fourth quarter ended March 2022. The company had posted a net profit of Rs 189.38 crore in the January-March period a year ago, Amara Raja Batteries Ltd said in a regulatory filing. [...] 
