New Delhi (IANS) Excess liquidity, coupled with stalled insolvency processes. are expected to bring in long-term risks in the economy, the Economic Survey 2021-22, tabled in the Parliament on Monday, said. To negate the downside risks that emanated from the pandemic, … read more
New Delhi (IANS) State-run power major NTPC on Saturday reported 24.63 per cent year-on-year increase in its standalone net profit for the third quarter of FY22. The company’s standalone net profit rose to Rs 4,131.99 crore during the period under review … read more
New Delhi (IANS) Global demand for gold increased 10 per cent in the calendar year 2021, led by improved economic growth and investors’ sentiment during the October-December quarter, the Word Gold Council said on Friday. Gold demand jumped almost 50 per … read more
Chennai (IANS) Diversified products company Tube Investments of India Ltd, a part of the Rs 417 billion Murugappa group, has agreed to acquire electric tractor maker Cellestial E-Mobility Private Ltd for Rs 161 crore. According to Tube Investments, in an all-cash … read more
Mumbai (IANS) Private lender Yes Bank on Saturday reported a rise of 76.8 per cent year-on-year in its net profit for the third quarter of FY22. The bank’s net profit rose to Rs 266 crore as against Rs 151 crore reported … read more
Mumbai (IANS) Reliance Industries Ltd (RIL) on Friday reported a year-on-year rise of 37.9 per cent in its consolidated net profit for the quarter ended December 31, 2021, at Rs 20,539 crore. In a regulatory filing, the company reported that its … read more
New Delhi (IANS) The Society of Manufacturers of Electric Vehicles (SMEV) has requested the Centre to provide some incentives — in the form of subsidies — on exports of affordable small cars and scooters from India in the Union Budget FY23 … read more
New Delhi (IANS) Shares of Kellton Tech Solutions hit the 10 per cent upper circuit on Tuesday, in an otherwise bearish trading session for equities. Kellton Tech is a ‘Born Digital’ technology consulting and IT services firm that delivers innovative business … read more
Mumbai (IANS) Expectations of healthy Q3FY22 results buoyed India’s key equity indices — S&P BSE Sensex and NSE Nifty50 — on Monday. Globally, Asian share markets were mixed on Monday as a slew of Chinese economic data confirmed the deadening effect … read more
Mumbai (IANS) Corporate earnings growth for the third quarter of FY22 is expected to be led by cyclical stocks, Motilal Oswal Financial Services (MOSFL) said in a report. Earnings growth is anticipated to be driven by metals, oil and gas and … read more