Amid tight liquidity condition, banks have issued a record quantum of bonds, with gross issuances hitting an all-time high of Rs 91,500 crore so far this fiscal, and are likely to close the financial year with around Rs 1.4 lakh crore. Gross bond issuances by banks is estimated to reach Rs 1.3-1.4 lakh crore this [...]
Multiplex operator PVR aims to operate 1,000 screens by the end of FY24, by adding 100 more screens in the next 15 months, the company's Joint Managing Director Sanjeev Kumar Bijli said. The company, which on Monday achieved the milestone of 900 screens, would invest around Rs 300 crore to add another 100 screens, Bijli [...]
The shortage of healthcare workers globally could rise to 10 million by the end of the decade, affecting access to care, inequities and treatment of mental health, a new report said on Monday. Launched in the run-up to the World Economic Forum (WEF) Annual Meeting 2023 in the Swiss ski resort town of Davos, the [...]
The country's largest IT services exporter TCS on Monday reported a 10.98 per cent jump in the December quarter (Q3FY23) net profit to ₹ 10,846 crore, led by overall growth and forex gains. The company reported a post-tax net profit of ₹ 9,769 crore in the corresponding period a year ago. The Tata group company’s [...]
Reliance Capital, promoted by Anil Dhirubhai Ambani Group, saw its share hit an upper circuit of 5 percent yet again on Monday at Rs 11.15. The shares have been consecutively rising by 5 percent for the past six trading days and have gained approximately 28 percent. The stock gains as the war between two prospective [...]
Tata Motors-owned Jaguar Land Rover on Monday reported a 15 per cent increase in wholesales to 79,591 units for the third quarter ended December 31, 2022. Retail sales for the third quarter stood at 84,827 units, up 5.9 per cent compared to the same quarter a year ago, the company said in a regulatory filing. [...]
Edible oils industry body SEA on Monday urged the Centre to increase import duty on RBD palmolein from the current 12.5 per cent to 20 per cent to discourage cheaper imports and protect domestic refiners. In a memorandum submitted to Union Food Secretary Sanjeev Chopra, Solvent Extractors' Association (SEA) President Ajay Jhunjhunwala said the import [...]
HDFC Capital, the real estate private equity arm of HDFC Group, on Monday achieved the initial close for second scheme of its third fund, raising USD 376 million. The latest fund raising is the third by HDFC Capital's affordable real estate fund (H-Care 3) and the primary investor in the H-Care schemes is a wholly-owned [...]
The government on Monday authorised Mobile and Electronic Devices Export Promotion Council (MEDEPC) to issue registration-cum-membership certificate, a key document for exporters, for certain products related to the sector including smartphone, smart watch, monitors and parts of mobile phones. According to the Foreign Trade Policy (FTP), a Registration-cum-Membership Certificate (RCMC) is required for exporters in [...]
Economists at the country's largest lender SBI on Monday dismissed the 'K-shaped recovery' critique, saying the pandemic was a 'leveler' which helped in reducing inequalities. They said government transfers to the poor alone are adding up to Rs 75,000 per household per annum. It can be noted that in the months following the outbreak of [...]
