Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in Adani group of companies, Finance Ministry said on Monday. In reply to a question on details of money lent by banks and financial institutions to the Adani group, the Minister [...]
HeidelbergCement India Ltd on Monday reported an 81.66 per cent decline in its net profit at Rs 5.58 crore in the third quarter ended December 2022, on account of an increase in operating cost. The company had reported a net profit of Rs 30.44 crore in the October-December quarter period a year ago, HeidelbergCement India [...]
The shares of EKI Energy Services suffered a deep cut on Monday after the company declared its quarterly results. Its shares hit the 20% lower circuit and were locked at ₹ 877.75 apiece, at their 52-week low. EKI Energy Services Limited (EKI), is a leading developer and supplier of carbon credits across the globe. It [...]
Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Monday reported record net profit and revenues for the third quarter ended December 31, 2022 after production doubled and company cut operating cost. Net profit at Rs 97 crore in October-December was a massive 273 per cent higher than Rs 26 crore net profit in [...]
Equity benchmark Sensex declined around 251 points on Monday, pressured by heavy selling in IT and bank stocks amid a mixed trend overseas. A weak rupee further weighed on sentiment, traders said. Sliding for the second straight session, the 30-share BSE Sensex ended 250.86 points or 0.41 per cent lower at 60,431.84. During the session, [...]
The government on Monday said illegal subsidies by trade partners and other countries hurt Indian trade and business, and that corrective actions are taken in the form of invoking dispute settlement mechanisms. The Department of Commerce on February 9, 2023 had stated that illegal subsidies by trade partners and other countries hurt Indian trade and [...]
Union food and consumer affairs minister Piyush Goyal has asked state-owned FCI to open more procurement centres covering all revenue districts in Uttar Pradesh for the benefit of farmers and also sell more wheat in open market to cool prices. The minister stated this while reviewing the operations of Food Corporation of India's (FCI) UP [...]
Billionaire Mukesh Ambani's Reliance Industries Ltd and state-owned Oil and Natural Gas Corporation (ONGC) are separately auctioning natural gas extracted from coal seams at prices linked to Brent crude oil price. Reliance is seeking a minimum USD 12.75 per million British thermal unit for coal bed methane (CBM) from a block in Shahdol district of [...]
The shares of Manaksia Limited, a holding company, were trading at its new 52-week high of Rs 156.40 after it gained more than 8 percent in the early hours of Monday. Manaksia Limited is a holding company of manufacturing subsidiaries located in India, Nigeria, and Ghana, engaged in the manufacturing of aluminium, packaging products, and [...]
Sugar major Bajaj Hindusthan Sugar Ltd on Monday reported a consolidated net loss of Rs 58.36 crore in the third quarter of this fiscal year on higher expenses. Its net loss stood at Rs 164.53 crore in the year-ago period. Total income rose to Rs 1,433.54 crore in the October-December quarter of 2022-23 financial year [...]
