Indian Oil Corporation has lined up investments of over Rs 2,200 crore in Tamil Nadu in the next two years towards taking up major grassroots and expansion projects in the state, a senior company official said on Tuesday. The projects include 'grass-roots terminal' at Asanur and Vallur, 'captive petroleum' project, oil and lubricant-LPG jetty at [...]
Amid outrage over a plan to give powers to its arm PIB to police fake news on social media, Union Minister Rajeev Chandrasekhar on Tuesday said that the government will next month hold discussions with stakeholders before the proposal is implemented. The minister said that the rules for regulating online gaming are expected to be [...]
Akasa Air on Tuesday announced it will operate daily flights between Hyderabad and Bengaluru and between Hyderabad and Goa starting from January 25. Two additional Hyderabad-Bengaluru frequencies will be added starting February 15, the airline said. Akasa Air Co-Founder and Chief Commercial Officer Praveen Iyer said, "Commencing operations from Hyderabad, our 13th destination with daily [...]
After remaining stable for many weeks, the cost of borrowing for states inched up by 5 basis points to 7.64 per cent at Tuesday's auction when 15 of them raised Rs 25,700 crore from the market. The amount of debt raised today is a 13-week high and for the first time shows an annualised growth [...]
TVS Motor Company on Tuesday said its consolidated net profit increased by 28 per cent to Rs 304 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 237 crore for the October-December period of previous fiscal. Total revenue increased to Rs 8,075 crore during the quarter [...]
HDFC Asset Management Company Ltd (HDFC AMC) on Tuesday reported a 3 per cent increase in profit after tax (PAT) to Rs 369.5 crore for the three months ended December 2022. In comparison, the company had posted a PAT of Rs 359.7 crore in the same quarter of the preceding fiscal, HDFC AMC said in [...]
Full service carrier Vistara will continue to expand and expects to have a total of 70 planes by mid-2024, its chief Vinod Kannan said on Tuesday. The airline, a joint venture between Tata Sons and Singapore Airlines, reported an operating profit for the first time since inception in the three months ended December 2022. "The [...]
The finance ministry on Tuesday held a meeting with private sector lenders to review progress made by them under the flagship financial inclusion and social security schemes. "Dr. Vivek Joshi, Secretary DFS chaired a meeting today with the representatives of Private Sector Banks, Small Finance Banks and Payment Banks to review the progress made by [...]
Auto components maker Sona BLW Precision Forgings on Tuesday reported a 24 per cent increase in its consolidated net profit to Rs 107 crore for the third quarter ended December 31, 2022. The company reported a net profit of Rs 86 crore in the October-December quarter of the last fiscal. Revenue from operations rose to [...]
Dolly Khanna is a Chennai-based investor who is known for investing in lesser-known stocks that tend to outperform the market. She has been investing in the stock market since 1996 and her portfolio is managed by her husband Rajiv Khanna. Her portfolio typically leans towards textiles, chemicals and sugar stocks. Here are three stocks in [...]
