Mcap of seven of top 10 most valued firms rises `1.33 lakh crore
Seven of the top-10 most valued firms together added `1,33,707.42 crore in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest winner. Last week, the BSE benchmark jumped 990.51 points or 1.65 per cent. Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Infosys,...
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Digital currency to cut RBI's cash management costs, drive financial inclusion
06 November 2022 | IANS -
SBI logs highest quarterly profit at Rs 13,265 cr in Q2
06 November 2022 | PTI -
Mahindra Lifespace sale bookings grow 32% to `399 cr in Q2
06 November 2022 | PTI -
Bank of Baroda Q2 profit rises 59% to Rs 3,313 crore
06 November 2022 | PTI -
NIIT acquires US-based St Charles Consulting Group to expand strategic capabilities
06 November 2022 | PTI -
Go Fashion reports Q2 PAT at `19.3 cr
06 November 2022 | PTI -
Punjab & Sind Bank net profit rises 27% to `278 crore in Q2
06 November 2022 | PTI
Cloudtail fined Rs 1L for selling pressure cookers on Amazon in violation of BIS standards
The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards. The authority has asked Cloudtail to recall 1,033 pressure cookers and also reimburse the money to customers. According to an official statement, CCPA...
Tariffs at ‘unsustainable' levels, industry needs price correction for continued investments: VIL
Telecom operator Vodafone Idea (VIL) has said telecom tariffs in India continue to remain at "unsustainable levels" and the industry needs "tariff correction" to support continued investments. VIL has seen average revenue per user (ARPU) growth for five consecutive quarters now. Its average revenue or realisation per user at Rs 131...
‘India faces global shocks with better balance sheets’
India is encountering global shocks with a position of strength backed by far better household, corporate and financial sector balance sheets and its medium term growth outlook is good, said Chief Economic Adviser V Anantha Nageswaran. "Overall, all things considered, including the risk of oil price, I do believe that the...
Six mn tons sugar export on quota basis till May 31
The Government on Saturday allowed export of 6 million tonnes of sugar on quota basis till May 31, according to a food ministry notification. As per the notification, the ministry has allocated a uniform export quota of 18.23 per cent of the three years average production of the sweetener in operational...
Tata Motors hikes passenger vehicle prices
Tata Motors on Saturday said it has increased prices of its passenger vehicles with effect from November 7. The weighted average increase will be 0.9 per cent, depending on the variant and model, the auto major said in a statement. The company has been absorbing a significant portion of the increased costs...
Govt's SRI Fund commits Rs 5,000 cr to help MSMEs
Government-backed Self Reliant India Fund (SRIF) on Friday announced that it has committed over Rs 5,000 crore to help small businesses with growth capital in its first year of operations. The fund, which started as part of the government's flagship 'Atmanirbhar Bharat' programme, has provided approvals to 38 'daughter funds' with...
Maruti Suzuki lines up over Rs 7K cr capex for current fiscal: CFO
Maruti Suzuki India plans to invest over Rs 7,000 crore this year on various initiatives, including the construction work of its new plant in Haryana and new model launches, according to company CFO Ajay Seth. The country's largest carmaker has already commenced work at the new facility in Sonipat district. The Kharkhoda-based...
