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Home  Business

Business

Profit of PSU banks more than doubles to Rs 34,774 cr in Q1

Profit of PSU banks more than doubles to Rs 34,774 cr in Q1

  • RIL’s contribution to national exchequer crosses Rs 5 trillion in last three years

    Reliance's contribution to national exchequer stood at Rs 1,77,173 crore in FY23, marginally down from Rs 188,012 crore of FY22
  • Credit facilities extended to Videocon caused loss of over Rs 1,000 crore to ICICI Bank: charge sheet in Kochhar case

    The over 10,000 pages-long charge sheet was filed recently before a special court for the Central Bureau of Investigation cases here
  • IndiGo commences non-stop flight to Nairobi

    No-frills airline IndiGo on Saturday commenced its air services to the African market with the launch of a non-stop flight to Nairobi
  • Govt faces soaring 163% surge in smuggling-related losses over last decade

    The financial impact reached a colossal Rs 58,521 crore (up from Rs 22,230 crore) across five critical industries which included alcoholic beverages, mobile phones, FMCG-household and personal goods, FMCG-packaged foods and tobacco products.
  • FPIs have turned sellers in Indian market after 3 months

    After sustained buying for three months, FPIs have turned sellers in the Indian market, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
  • Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months

    Sebi on Friday reduced the validity period of approval given to alternative investment funds and venture capital funds for making overseas investments
  • Sebi provides clarity on online resolution of disputes framework

    Sebi on Friday provided more clarity on the framework concerning online resolution of disputes in the Indian securities market
  • Forex reserves drop by USD 3 bn to USD 603.87 bn in 2nd consecutive weekly decline

    India's forex reserves dropped by USD 3.165 billion to USD 603.87 billion for the week ended July 28, the RBI said on Friday
  • Go First insolvency: NCLT directs RP to file details on recent developments

    NCLT directed the resolution professional of cash-strapped grounded airlines Go First to submit details of the subsequent developments
  • Britannia Q1 net profit rises 35.65% to Rs 455.45 cr

    Britannia Industries Ltd on Friday reported a 35.65 per cent rise in consolidated net profit at Rs 455.45 crore for the first quarter ended June 2023.
  • Markets halt 3-day losing run; Sensex, Nifty settle nearly 1 pc higher

    Equity benchmark indices Sensex and Nifty snapped their three-session losing streak to close nearly 1 per cent higher on Friday.
  • Guar seed futures rise on spot demand

    Guar seed prices on Friday increased Rs 50 to Rs 5,719 per 10 quintals in futures trade after speculators widened their positions following a firm trend in the spot market.
  • Zinc futures down on muted demand

    Zinc prices on Friday fell by 0.13 per cent to Rs 223.20 per kilogramme in the futures trade as speculators reduced their exposure taking negative cues from the spot market.
  • SBI Q1 profit jumps over two-fold to Rs 16,884 cr

    The country's biggest bank SBI on Friday posted over two-fold jump in standalone net profit at Rs 16,884 crore for the first quarter of the current financial year.
  • Ransomware cyberattacks in India have more than doubled in the first half of 2023

    While India saw a lesser rise in crypto attacks, there has been a huge growth in ransomware and IoT attacks overall.
  • Sensex climbs 300.1 points to 65,540.78 in early trade

    Bouncing back from a three-day decline, the 30-share BSE Sensex climbed 300.1 points to 65,540.78 in early trade. The NSE Nifty advanced 105.9 points to 19,487.55.
  • Rupee trades in narrow range against US dollar

    Forex traders said the rupee opened on a flat note as losses in dollar index, and positive Asian currencies supported sentiments, while rise in crude oil prices dented investors.
  • FPIs have been sellers in 6 trading sessions at Rs 7,990 cr

    IT stocks are leading the gains with Wipro up more than 2 per cent, Tech Mahindra, HCL Tech, TCS are all up more than 1 per cent.
  • Zomato shares jump over 14 pc; hit 52-week high after posting first-ever quarterly profit

    The company had posted a net loss of Rs 186 crore in the same quarter last fiscal, Zomato said in a regulatory filing on Thursday.
  • Dunzo seller app joins ONDC; aims to onboard 20,000 merchants in 45 days

    Dunzo app, which joined the ONDC less than two weeks ago, is already witnessing high volumes, according to a senior executive
  • Qualcomm stock slips amid likely job cuts in slowing smartphone market

    The company delivered revenues of $8.4 billion, a 23 per cent year-over-year drop and 52 per cent decrease in net income to $1.8 billion, mainly due to an ongoing slump in the smartphone industry.
  • Odysse to supply 10,000 e-scooters to 2-wheeler MaaS player Bud-e

    Premium electric vehicle maker Odysse on Thursday announced a strategic collaboration with electric two-wheeler MaaS provider Bud-e.
  • Go First can’t fly lessors’ aircraft as of now: Delhi High Court

    The high court termed as “misconceived” the contention of the RP that 2 of the 10 aircraft have been flown by Go Airlines
  • Indian equities see profit booking for third consecutive day

    Indian equities saw profit booking for third consecutive day amid weak global cues ahead of BOE interest rate decision
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