The countdown for the budget has started. The Budget session of the Parliament is likely to begin on January 31, 2023, and is expected to conclude on April 6, 2023, with a recess in between. Finance Minister Nirmala Sitaraman is likely to present the Union Budget in the Parliament on February 01, 2023, and the [...]
Online travel service provider, Easy Trip Planners Ltd on Wednesday said it will acquire a 55 per cent stake in Glegoo Innovations Pvt Ltd, an online travel and tours firm, for Rs 3 crore. The company signed a share purchase agreement with Glegoo Innovations Pvt Ltd on January 24, 2023, Easy Trip Planners, which operates [...]
Textile manufacturer Arvind Ltd on Wednesday reported an 11.62 per cent decline in consolidated net profit from continuing operations to Rs 87 crore in the third quarter ended December 31, 2022. The company had posted a consolidated net profit from continuing operations of Rs 98.44 crore in the same period last fiscal, Arvind Ltd said [...]
The government expects five to seven countries to sign up for adopting India-developed technology platforms like UPI and Aadhaar by March for accelerating digitisation, according to Union minister Rajeev Chandrasekhar. While speaking at India Stack Developer Conference, the minister said that the Prime Minister has decided to offer India technology platforms to countries to help [...]
Often referred to as the bottom line, the net profit of a company is one of the crucial indicators of its financial health. In a quarterly earnings report, it is the most sought-after metric. The greater the company's net profit, the greater its profitability. Here are 2 companies that reported an increase of more than [...]
The Domestic indices opened in red on Wednesday on weak global cues. The Nifty 50 fell 45.45 points or 0.25% to start at 18,072.85 levels while the BSE Sensex dropped 102.68 points or 0.17% to trade at the 60,876.07 level. Despite weak market conditions, here are 3 stocks that gained more than 6 percent on [...]
Diageo-controlled liquor maker United Spirits on Tuesday said its consolidated net profit declined by 27 per cent to Rs 214 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 295 crore in the October-December quarter of last fiscal. Total income declined to Rs 6,631 crore for [...]
The shares of Priti International Limited were trading up by 1 percent at Rs 151 levels in the early hours of Wednesday. The stock remained in focus on the trading day after ace investor Porinju Veliyath freshly bought a stake in the company. Priti International Ltd is an Indian local furniture & lifestyle brand with [...]
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this [...]
South Indian Bank on Tuesday reported a net profit of Rs 102.75 crore, restricted by money set aside as ageing provisions for security receipts as per a regulatory mandate. The Thrissur-headquartered lender had reported a loss of Rs 50.31 crore in the year-ago period, while its profit for the preceding September quarter had stood at [...]
Gold loan is one of the easiest and best loan options available at any financial institution. Gold loans help you in getting instant, hassle-free financial assistance. Gold is still considered one of the most trusted commodities in any Indian household, and people depend on it during times of need. It is a secured loan that [...]
The UAE’s expanded cooperation with India in the area of climate and clean energy aims to support New Delhi’s ambition to achieve 450 gigawatts of renewable energy installed capacity by 2030 and net-zero carbon emissions by 2070, a senior official said on Tuesday. President and CEO of Dubai Chambers of Commerce, Mohammad Ali Rashed Lootah, [...]
Sebi has ordered the attachment of bank and demat accounts of Shivinder Mohan Singh and four entities to recover Rs 32.10 crore in a matter related to fund diversion case of Religare Finvest. Religare Finvest Ltd (RFL) is a subsidiary of Religare Enterprises Ltd (REL). The recovery proceedings against these entities -- Shivinder Mohan Singh, [...]
Indian Software-as-a-Service companies are expected to grow in the range of 20-25 per cent per annum to USD 35 billion in annual recurring revenue by 2027, consultancy firm Bain & Company said in a report on Tuesday. According to the "India SaaS Report 2022 - Remaining steady through turbulence" of Bain & Company, the Indian [...]
Sebi is considering filing an appeal in the Supreme Court against an order by the Securities Appellate Tribunal that set aside the capital markets regulator's disgorgement directive in the NSE co-location case. The Securities Appellate Tribunal (SAT) on Monday set aside Sebi's order for disgorging profit worth Rs 625 crore in the co-location case but [...]
The work on setting up of a scrap-based steel plant by Tata Steel kicked off on Tuesday in Ludhiana, Chief Minister Bhagwant Mann said. "This is just the beginning as we deliver what we say and the day is not far when we will make Punjab a frontrunner state in the industrial growth across the [...]
In the run up to the global investors' summit in Lucknow, district authorities on Tuesday inked 64 memorandum of understandings (MOU) for investment worth Rs 1,743.57 crore. District Magistrate Mahendra Bahadur Singh after attending the Kheri investors and exporters' meet said, "64 MOUs executed on Tuesday intended to set up projects worth Rs 1,743.57 crore [...]
Benchmark indices Sensex and Nifty declined in early trade on Wednesday due to selling in financials, oil and IT stocks amid weak global trends. The 30-share BSE Sensex fell by 268 points or 0.44 per cent to 60,709.93 as 24 of its constituents declined. The index opened lower at 60,834.73 and dropped further to a [...]
The Punjab government is mulling to sell surplus coal generated from its captive mine in Jharkhand to private power producers, chief minister Bhagwant Mann said here on Tuesday. Mann said such a move will help reduce the cost of electricity for people in Punjab, and added that his government is in touch with the Union [...]
Karur Vysya Bank on Monday reported a 56 per cent jump in profit at Rs 289 crore for the quarter ended December 2022, helped by a rise in interest income and decline in bad loans. Its net profit stood at Rs 185 crore in the same quarter of the preceding financial year. Total income increased [...]
