Petrol doped with 20 per cent ethanol was rolled out on Monday at select petrol pumps in 11 states and union territories as part of a programme to increase use of biofuels to cut emissions as well as dependence on foreign exchange-draining imports. At present, 10 per cent ethanol is blended in petrol (10 per [...]
Volumes spurt at Zydus Lifesciences’ counter after the company reported better-than-estimated earnings for the October to December quarter. Its shares gained 9.63 percent to reach an intraday high of ₹ 476.50 apiece. More than 56 lakh shares changed hands by 01:40 PM The drugmaker reported an increase of 19.85 percent in its revenue from operations [...]
D Link India Limited saw its share open 12 percent higher on Monday’s session at Rs 235.50 levels against its previous close of Rs 209.90. It further gained 3 percent till the afternoon and was trading at Rs 240 levels. In Q3FY23, D Link India Limited posted a total revenue of Rs 281.84 Crore, a [...]
In a push to decarbonise the economy, Indian Oil Corporation (IOC), the nation's largest oil firm, will recycle 100 million discarded mineral water, cold drink and other PET bottles annually to make eco-friendly uniforms for staff that man its petrol pumps and LPG distributor agencies. The firm also rolled out indoor cooking stoves that can [...]
Vodafone Idea has partnered with Motorola to ensure seamless 5G connectivity across its fifth-generation smartphone portfolio, according to a statement on Monday. The announcement comes within days of Vodafone Idea getting a shot in the arm, with Centre on Friday clearing conversion of the troubled telco's accumulated interest dues worth Rs 16,000 crore into equity. [...]
Debt-ridden telecom operator Vodafone Idea’s shares zoomed 24.82% on Monday’s early trades to reach an intraday high of ₹ 8.55 apiece on the National Stock Exchange (NSE). This happened after the government gave the green light to convert the company’s interest dues worth ₹ 16,133 crores to equity, smoothing out a major obstacle. Vodafone Idea’s [...]
ITC Limited hit a new All-Time High on Monday after its shares zoomed by more than 1 percent and reached Rs 388.20 in the early hours. The scrip gained after the company reported higher sales and earnings in the third quarter of FY23. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year [...]
Shares of One97 Communications climbed over 6 per cent in late morning trade on Monday after the company narrowed its consolidated net loss to Rs 392 crore in the third quarter. One97 Communications (OCL) is the parent entity of leading mobile payments and financial services company Paytm. The stock of One97 Communications rallied 6.44 per [...]
Online travel service provider Easy Trip Planners Ltd on Monday reported a 4.16 per cent rise in consolidated net profit to Rs 41.7 crore for the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 40.03 crore in the corresponding quarter of the last fiscal, Easy Trip Planners, which [...]
The shares of Indus Towers Limited, a subsidiary of Bharti Airtel, opened 8 percent higher at Rs 154.95 as against its previous close of Rs 143.65 on Monday. Until the afternoon, the stock further gained 6 percent and was trading at Rs 163. The shares have been gaining after its parent company, Bharti Airtel said [...]
The government has blocked 232 apps operated by overseas entities, including Chinese for being involved in betting, gambling and unauthorised loan service, according to an official source. Ministry of Electronics and IT (MeitY) has issued orders to block these apps following instructions from Ministry of Home Affairs. "The order to block 138 apps that were [...]
The government has reduced import duty on a number of raw materials such as fish lipid oil, krill meal and algal prime used in the marine sector, to promote domestic production and exports from the segment. The duty on fish lipid oil and algal prime (flour), used in manufacture of aquatic feed, has been reduced [...]
Finance Minister Nirmala Sitharaman has said that regulators Sebi and RBI should always be on their toes to keep the equity market stable and indicated that the Adani stock rout following a Hindenburg report was a company specific issue. She said banks and insurance companies are "not overexposed" to any one company and assured that [...]
Tata Power aims to operationalise its solar cell and module facility being set up in Tamil Nadu by December-end of this year, the company's CEO & MD Praveer Sinha said. In July 2022, Tata Power inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to [...]
Maharashtra will set up four circular economy parks for major industries and an enabling policy for the same will be ready by March and implemented from April, a senior state government official has said. These circular economy parks will primarily focus on recycling scrap and other wastes. The proposed parks will come up in Aurangabad, [...]
Major FMCG companies feel the demand slump has bottomed out and there are green shoots of recovery in the rural markets, which has been under stress since the last few quarters. With abating commodity price pressures, firms such as HUL, Godrej Consumer Products Ltd (GCPL), Dabur, Marico and Emami expect a gradual recovery in consumption [...]
Foreign investors pulled out Rs 28,852 crore from Indian equities in January, making it the worst outflow in the last seven months, primarily due to attractiveness of the Chinese markets. This came following a net investment of Rs 11,119 crore in December and Rs 36,238 crore in November, data with the depositories showed. Going ahead, FPI flows are [...]
Prime Minister Narendra Modi will on Monday launch petrol blended with 20 per cent ethanol, unveil a solar and conventional energy powered cooking system and inaugurate the India Energy Week in Bengaluru. The India Energy Week (IEW) 2023, being held from February 6 to 8, is aimed to showcase India's rising prowess as an energy [...]
India's crude steel production rose by 5.80 per cent to 124.45 million tonne (MT) in 2022, according to SteelMint. The country had produced 117.63 MT crude steel in 2021, the market research firm said. The production of finished steel was at 110.03 MT, up from over 104.54 MT a year ago, SteelMint said in its [...]
Equity benchmark Sensex declined more than 200 points in early trade on Monday, tracking losses in index-heavyweights Infosys, TCS and HUL amid a broadly negative trend in global markets. Besides, a weak rupee against major rivals dented the domestic equity market sentiments, traders said. The 30-share BSE index was trading 203.71 points or 0.33 per [...]
