InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Friday reported a steep rise in profit at Rs 1,422.6 crore in the three months ended December 2022, primarily fuelled by robust demand for air travel. The company had a Profit After Tax (PAT) of Rs 129.8 crore in the same period a year [...]
Equity benchmarks rallied over 1 per cent on Friday due to heavy buying in banking and financial counters amid mixed trend in the global markets. The 30-share BSE benchmark Sensex zoomed 909.64 points or 1.52 per cent to settle at 60,841.88. During the day, it jumped 973.1 points or 1.62 per cent to 60,905.34. The [...]
NITI Aayog CEO Parameswaran Iyer on Friday described the Budget 2023-24 as 'very comprehensive and balanced' which will promote growth with inclusion. He also observed that the Budget continues all the reforms and other social welfare programmes undertaken by the government over the past few years. Iyer further said the Budget has something for all, [...]
Petrol, diesel and liquor are to cost more and motor vehicle tax and fair price value of land to go up in Kerala as the state government acted tough to mobilise additional revenue to carry forward their social security schemes and development programmes in the budget presented here on Friday. Despite wide expectations, the social [...]
Kansai Nerolac Paints Ltd on Friday reported a 13 per cent decline in consolidated net profit at Rs 108.97 crore in the December quarter, impacted by higher expenses. The company had posted a consolidated net profit of Rs 125.32 crore in the year-ago period, it said in a regulatory filing. Consolidated revenue from operations during [...]
Indian equity markets opened higher on Friday, bucking the mixed global cues. The Sensex jumped 406.11 points, or 0.68 per cent, at 60,338.35, whereas NSE's Nifty50 rallied 90.20 points, or 0.51 per cent, at 17,700.60. Two Tata Group companies— Titan and Tata Consumer Products had declared their results and they will be key stocks to [...]
The stock market turmoil created by rout in Adani group shares is a "storm in a tea cup" from a macroeconomic point of view, finance secretary T V Somanathan said on Friday, emphasing that India's public financial system is robust. The senior most bureaucrat in the finance ministry also said that movements in the stock [...]
Mangaluru-headquartered private sector lender Karnataka Bank’s shares appreciated to the tune of 9.94% to reach an intraday high of ₹ 152.00 apiece on the National Stock Exchange (NSE) after it registered a growth of 105% in its net profit. Its shares were trading at ₹ 147.00 apiece at 12:30 PM on Friday. Karnataka Bank reported [...]
Pakistan's central bank said on Friday that its foreign exchange reserves have dropped by 16.1 per cent to USD 3.09 billion at the end of the last fiscal week, the lowest in nearly 10 years. Financial analysts said that the foreign exchange reserves held by the State Bank of Pakistan would cover just around three [...]
The government has set up a task force under the aegis of Fertiliser Association of India to find out ways to improve the quality of Single Super Phosphate (SSP) fertiliser and promote its use as an alternative to Di-ammonium Phosphate (DAP), Parliament was informed on Friday. In a written reply to the Lok Sabha, Minister [...]
