Chennai (IANS) Government-owned and listed insurer, the New India Assurance Company Ltd closed FY22 with a net profit of Rs 164.27 crore, down from Rs 1,604.69 crore logged during FY21. The company’s solvency margin also dropped to 1.66 times at the … read more
New Delhi (IANS) One97 Communications Limited (OCL) that owns the brand Paytm, Indias leading mobile payments and financial services company, announced its quarter-ending March 2022 and full financial year FY22 results. The company saw its revenue jump by 77 per cent … read more
New Delhi (IANS) The brokerage house Centrum Broking has given a ‘buy’ call for Mahindra & Mahindra, Hindalco Industries, and Steel Authority of India shares. “While tractor sales have slowed down over a high base and stress in the rural segment, … read more
New Delhi (IANS) India’s oilmeal exports for the month of April 2022 were provisionally reported at 333,972 tonne as compared to 303,705 tonne in the same month of 2021 i.e, a rise of 10 per cent year-on-year, data compiled by Solvent … read more
New Delhi (IANS) After the Enforcement Directorate (ED) seized nearly Rs 5,551.3 crore from Xiaomi India under Foreign Exchange Management Act (FEMA) for illegal remittances to foreign entities, reliable sources said on Monday that about 84 per cent of the seized … read more
Mumbai (IANS) Union Shipping Minister Sarbananda Sonowal on Saturday said here that the Indian cruise market has a potential to grow 10-fold in the next 10 years, driven by rising demands and increased disposable incomes. “The government realises this potential and … read more
New Delhi (IANS) Equity benchmark indices extended their losses from the previous session and settled on a negative note on Tuesday, amid high volatility in overall financial markets. Sensex closed at 54,364 points, down 106 points or 0.2 per cent, whereas … read more
New Delhi (IANS) Reliance Jio’s healthy Q4 results shows the industry is digesting the impact of tariff hikes in the form of meaningful increase in its average revenue per user, said multinational investment bank UBS. In December 2021, 20-25 per cent … read more
New Delhi (IANS) The initial public offering of insurance major Life Insurance Corporation of India has been subscribed 1.02 times on second day of the issue. It received bids for 16.48 crore equity shares against offer size of 16.2 crore equity … read more
New Delhi (IANS) The Central government is organising an investor meet in Mumbai on Friday to develop the PPP model to achieve 100 million ton coal gasification, which is considered a cleaner option compared to burning of coal, and focus on … read more