New Delhi (IANS) The Central Bureau of Investigation (CBI) on Saturday conducted raids in Rs 22,842 crore loan fraud case lodged against ABG Shipyards and its directors, at over a dozen places. The raids were carried out at the offices and … read more
New Delhi (IANS) Shares of Mahindra Lifespaces hit the 20 per cent upper circuit on Thursday as the company announced the acquisition of some land from Mahindra & Mahindra group. Mahindra Lifespaces announced that it will purchase approximately 9.24 acre land … read more
Mumbai (IANS) Union Bank of India on Monday reported a rise of 49.29 per cent in its net profit for the third quarter of FY22 on a year-on-year basis. The net profit rose to Rs 1,085 crore from Rs 727 crore … read more
New Delhi (IANS) Jio Platforms announced on Friday that it has invested $15 million in Two Platforms (TWO) for a 25 per cent equity stake. The startup — Two Platforms — is an Artificial Reality company focusing on building interactive and … read more
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