\Payments startup BharatPe on Tuesday said it has terminated several employees and vendors as well as filed criminal cases against them for misconduct besides deciding to claw back former founder Ashneer Grover's restricted shares in the firm. The steps have been taken by the company's board following a detailed corporate governance review against the backdrop [...]
Financial institutions should focus on further accelerating digital progress, take bold bets and harness the power of technology to support value creation, a senior Microsoft official said on Tuesday. Speaking at the 'Future Ready Industry week - BFSI edition', Bill Borden, Corporate Vice President, Financial Services, Microsoft, said financial services players need to think about [...]
New Delhi, May 10 (PTI) Guar gum prices on Tuesday fell by Rs 76 to Rs 11,651 per five quintals in the futures market as traders offloaded their holdings in line with weak trend in spot market. On the National Commodity and Derivatives Exchange, guar gum for May delivery declined by Rs 76 or 0.65 [...]
New Delhi, May 10 (PTI) Guar seed prices on Tuesday declined by Rs 11 to Rs 6,029 per 10 quintals in the futures trade amid increasing supplies from producing regions. On the National Commodity and Derivatives Exchange, guar seed contracts for May delivery fell by Rs 11 or 0.18 per cent to Rs 6,029 per [...]
New Delhi, May 10 (PTI) Crude oil futures on Tuesday marginally dropped by 0.01 per cent to Rs 7,978 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for May delivery fell by Re 1 or 0.01 per cent to Rs 7,978 per barrel with a business [...]
The government measures to ease power supply constraints through higher coal imports are likely to increase cost of supply for discoms by 4.5-5.0 per cent in 2022-23, Icra said on Tuesday. On May 5, Ministry of Power (MoP) issued a directive under Section 11 of the Electricity Act, stating that all imported coal-based power plants [...]
The Stocks of Nestle India hit the 52-week low on Monday when its share price declined by -2.85%. Nestle India Limited is a subsidiary of Nestle, a Swiss MNC, and operates in the Food segment. It is a large-cap company with a market cap of Rs 159,246.95 Cr. The stock is currently trading at a [...]
Cement maker Dalmia Bharat has reported 6.10 per cent decline in consolidated net profit at Rs 600 crore for the fourth quarter ended March 2022. It had clocked a net profit of Rs 639 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. However, revenue from operations was up 7.26 per cent [...]
Electric two-wheeler maker Hero Electric on Tuesday said it has partnered with roadside assistance firm ReadyAssist to provide service support and annual maintenance to its B2B customers. The initiative will improve business for B2B customers by increasing the uptime of customer e-Bikes and providing quick and efficient service support to fleets deployed in last-mile delivery, [...]
Cosmo Films has reported an increase of 45.30 per cent in consolidated net profit at Rs 108.18 crore for the fourth quarter ended March 2022, helped by higher sales and better-operating margins. The company had posted a consolidated net profit of Rs 74.45 crore for the January-March period a year ago, Cosmo Films said in [...]
