Mumbai (IANS) State-owned lender Bank of Baroda reported a sharp rise of 79.3 per cent in its standalone net profit to Rs 2,168 crore in the first quarter of the financial year 2022-23, as compared to Rs 1,209 crore reported … read more
New Delhi (IANS) As Bhavish Aggarwal-led Ola aims to ramp up its electric vehicle (EV) business, media reports have claimed that the ride-hailing platform is laying off around 1,000 employees from across verticals. According to reports citing employee records, verticals … read more
Bengaluru (IANS) Leading technology services and consulting company, Wipro, on Wednesday announced it registered a gross revenue of Rs 215.3 billion ($2.7 billion), an increase of 17.9 per cent YoY, in Q1. In its financial results, announced under International Financial Reporting … read more
Mumbai (IANS) Television major TV 18 Broadcast Ltd on Tuesday said it closed the first quarter with a 10 per cent growth in its consolidated revenue. According to the company, its first quarter revenue is about Rs.1,265 crore and after tax … read more
New Delhi (IANS) Vedanta Aluminium, India’s largest producer of aluminium, makes a case for ‘green’ aluminium at the recently held national webinar by Automotive Component Manufacturers Association (ACMA) of India. With its world class-aluminium smelters, metal expertise, global technology partnerships and … read more
Mumbai (IANS) Private banking major HDFC Bank Ltd closed the first quarter of FY23 with a net profit of Rs 9,196 crore. According to HDFC Bank, its net profit for the period under review grew to Rs 9,196 crore from about … read more
New Delhi (IANS) Onion prices in the upcoming lean season of the produce are unlikely to skyrocket as the Centre has procured 2.50 lakh tonnes of onion for the buffer stock in 2022-23. Officials on Friday said this is the highest … read more
Chennai (IANS) Asian life insurance giant, the Life Insurance Corporation of India on Thursday said its Indian Embedded Value (IEV) as on March 31, 2022 was Rs 541,942 crore. The embedded value in the case of a life insurance company is … read more
New Delhi (IANS) As the Directorate of Revenue Intelligence (DRI) unearthed alleged customs duty evasion of nearly Rs 4,389 crore by OPPO India, the smartphone maker on Wednesday said it will take appropriate steps against the DRI show cause notice, including … read more
Chennai (IANS) The General Insurance Corporation of India’s (GIC Re) assured premium income under firing line all these years is now under threat. Following the meeting of the CEOs of general insurance companies with Debasish Panda, Chairman, Insurance Regulatory and Development … read more