The enforcement directorate has attached Rs 936 crore proceeds of crime and arrested 5 five persons related to crypto currency fraud, Parliament was informed on Monday. Further, under the Foreign Exchange Management Act, 1999 (FEMA), assets amounting to Rs 289.28 crore have been seized and one show cause notice to cryptocurrency exchange Zanmai Labs Pvt [...]
Adani Transmission Ltd (ATL) on Monday posted a nearly 73 per cent jump in its consolidated net profit to Rs 478 crore in the December quarter of 2022-23 on the back of a one-time income gain and higher revenues. The consolidated net profit of the company was Rs 277 crore in the quarter ended on [...]
The growth momentum of Indian IT services industry is likely to slow down in the near to mid term as macroeconomic headwinds trigger lower discretionary IT spends, ICRA said on Monday. Ratings agency ICRA sees lower hiring by the IT service companies in the near term given that excess capacities were added in FY2022 and [...]
Indian Energy Exchange on Monday said that it has clocked a total trade volume of 8,639 million units (MU) in January 2023, highest in the current financial year so far. However, the data showed that the trade volume in January this year was lower than 8,652 MU recorded in the same month last year. The [...]
On-demand convenience delivery platform Swiggy on Monday announced appointments of three independent directors, including TAFE Chairman and MD Mallika Srinivasan, on its board. The other two independent directors are Shailesh Haribhakti and Associates Chairman Shailesh Haribhakti and Delhivery Managing Director and CEO Sahil Barua, the company said in a statement. These are the first independent [...]
Benchmark Sensex dropped 334 points on Monday due to intense selling pressure in metal and power stocks as FII outflows dampened investor sentiment. Besides, a sharp decline in the rupee against the US dollar also put pressure on domestic equities, traders said. After losing nearly 500 points, the 30-share BSE index recovered some lost ground [...]
Chief Economic Advisor V Anantha Nageswaran on Monday said the allocation for the Mahatma Gandhi National Rural Employment Scheme (MGNREGS) has been reduced in the Budget for 2023-24 as more funds have been allocated towards Pradhan Mantri Aawas Yojana and Jal Jeevan Mission, which are expected to provide jobs to the same set of workers [...]
State Bank of India, the country’s largest public sector bank reported its highest-ever quarterly net profit. In Q3, their standalone net profit stood at Rs 14,205 Crore, a 68 percent increase Year on Year from Rs 8,432 Crore. Their Net Interest Income (NII) stood at Rs 38,069 Crore which jumped 24 percent YoY from Rs [...]
Capital markets regulator Sebi has listed the basic dos and don'ts relating to green debt securities to address 'greenwashing' related risks. The generally accepted definition of 'greenwashing' is, 'making false, misleading, unsubstantiated, or otherwise incomplete claims about sustainability of a product, service, or business operation'. To address the concerns of market participants regarding greenwashing, Sebi [...]
Procter & Gamble Health, one of the leading mid-sized pharmaceutical companies in India posted impressive earnings for the quarter that ended on December 31, 2022. Following the announcement, its shares zoomed 15.61% on Monday’s early trades to reach an intraday high of ₹ 4743.00 per share. Its shares were trading at ₹ 4,628.00 apiece at [...]
