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 [...]
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 [...]
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 [...]
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 [...]
Total toll collection through FASTag on fee plazas, including state highway toll plazas, increased 46 per cent to Rs 50,855 crore in 2022, state-owned NHAI said on Tuesday. Total toll collection through FASTag on fee plazas, including state highway toll plazas, in 2021 was Rs 34,778 crore. The average daily toll collection through FASTag on [...]
CropLife India, an industry body of 16 agro-chemcial companies, has demanded that the government should provide tax sops in the upcoming budget on expenditures incurred for research and development (R&D). CropLife India would like to urge the government to "retain a uniform basic customs duty of 10 per cent for both technical raw materials and [...]
Inter-modal logistics firm Gateway Distriparks Ltd (GDL) on Tuesday reported a 15 per cent growth in its profit after tax at Rs 55.3 crore in December quarter over the same period last year. The company had recorded a PAT (profit after tax) of Rs 47.92 crore in the third quarter of FY22, GDL said in [...]
Buoyed by strong earnings for the October to December quarter, the shares of Maruti Suzuki India closed 3.31% higher at ₹ 8696.00 apiece on the National Stock Exchange (NSE). The auto major’s net profit for the December quarter more than doubled to ₹ 2391.5 crores, up 129.55% against ₹ 1041.8 crores reported in the same [...]
Sunteck Realty Ltd on Tuesday reported a 12 per cent increase in its sales bookings to Rs 396 crore on better demand. The company's sales bookings stood at Rs 352 crore in the year-ago period. "We had pre-sales of around Rs 396 crore in Q3 FY23, up 12 per cent on YoY (Year on Year) [...]
PNB Housing Finance on Tuesday reported 43 per cent growth in consolidated profit after tax (PAT) at Rs 269 crore for the third quarter ended December 31, 2022. The company's net profit was Rs 188 crore in October-December period of 2021-22. Loan asset stood at Rs 58,034 crore as on December 31, 2022, as compared [...]
Oriental Hotels Ltd has reported a standalone profit at Rs 18.67 crore for the October-December 2022 quarter, the company said on Tuesday. The company, part of the Taj Group of Hotels, has reported standalone profit at Rs 7.14 crore during corresponding quarter of previous year. For the nine-month period ending December 31, 2022 the standalone [...]
Strides Pharma Science on Tuesday reported a consolidated net loss of Rs 82 crore for the third quarter ended December 31, 2022. The drug firm had reported a net loss of Rs 127 crore in the October-December quarter of previous fiscal. Revenue from operations rose to Rs 865 crore for the quarter under review as [...]
Tata Coffee on Tuesday reported a 44.71 per cent decline in consolidated net profit during the December quarter at Rs 38.40 crore. The consolidated net profit of Tata Coffee Ltd (TCL) stood at Rs 69.46 crore in the year-ago period, it said in a regulatory filing. Consolidated total income for the quarter witnessed a 19.13 [...]
Out of the many categories of stocks, Blue-chip stocks are considered a safer choice. It is because they typically have solid balance sheets, steady cash flows, and proven business models. Along with this, the stock prices increase steadily and give significant returns. Here are 2 Bluechip stocks recommended by analysts for an upside of up [...]
