CG Power reports net profit of Rs 94 crore in Q2
The company had the benefit of uninterrupted working in Q2. All businesses have performed satisfactorily, improving capacity utilisation, the company said in a release.
Covid vaccines: Bharat Biotech CMD bats for public private partnerships
If PPP worked for infrastructure projects such as airports, it should also work in science and technology, Ella said.
NTPC invites 2 million tonne coal import tender
NTPC plants will use 1 MT imported coal, and the tender for the remaining volume has been floated on behalf of the power plants of Damodar Valley Corporation (DVC), jointly owned by the Centre and the state governments of Jha
Govt sets lofty $100-billion textile export target in 5 years
Speaking on the occasion, textile secretary Upendra Prasad Singh said the government is making efforts to address various challenges and facilitate the creation of an “enabling environment” for the growth of the sector.
Bombay High Court asks ZEE to call EGM as sought by Invesco
The court said that if this argument was accepted, no requisition could ever be called for removal of directors as a company’s board would be controlling the NRC.
Govt to issue 4 tranches of sovereign gold bonds in H2, to offer 2.5% annual interest to investors
The last tranche of bonds in the current fiscal can be subscribed to by handing out applications between February 28 and March 4, and the papers will be issued to the eligible candidates on March 8.
CCEA decision: Cabinet secretary-led group to review PM GatiShakti roll-out
The EGOS will be headed by the cabinet secretary and consist of secretaries of 18 ministries as members and the head of the commerce ministry’s logistics division as convenor. It will review the implementation of the progra
Covid vaccination landmark! India crosses 1-billion jabs mark, PM Modi calls it ‘historic’
India is the second country to cross the one billion doses Covid-19 mark. China has crossed the two billion dose mark.
Bank of Maharashtra Q2 net profit jumps 103% on higher interest income
The bank's net NPA was at 1.73%, while gross NPA came in at 5.56%, as against a net NPA ratio of 3.30% and gross NPA ratio of 8.81% last year. The bank's provisional coverage ratio improved to 92.38%. It held cumulative Covid
Coal crisis abates, but stocks may not return to normalcy soon
“Coal stocks are unlikely to improve to the previous level of 15-18 days inventory anytime soon,” the latest report by CRISIL Research said.
IDBI Bank net profit jumps 75% in Q2 on lower employee costs, higher net interest income
The bank’s NII, or the difference between interest earned and interest expended, rose 9.45% y-o-y to Rs 1,854 crore.
Good news for central govt employees! Govt hikes dearness allowance to 31% from 28%
On July 14, the Centre had hiked DA and DR for government employees and pensioners by 11 percentage points to 28% of basic pay/pension, which would cost the exchequer an additional about Rs 25,800 crore for the July-March per
Foreign portfolio investors turn net sellers of debt so far in October
They were net buyers in August and September with investments worth $1,839.31 million and $1,488.90 million, respectively.
LetsVenture to allow founders to turn angel investors via new fund
The new syndicate, LV Fuel, comprises more than 375 founders from LetsVenture’s portfolio companies, including start-ups such as Trell, Khatabook, Classplus, Dukaan, Airmeet, Infeedo, Agnikul Cosmos and Bimaplan.
JSW Steel logs highest-ever quarterly net profit of Rs 7,179 crore in Q2
During the quarter, JSW Steel’s capacity utilisation across its steel-making operations stood at 91%. While recovery is on track, JSW Steel has cautioned that high inflation and re-emergence of Covid-19 cases could present
Life Insurance: Private life insurers set to post strong growth in FY22
India’s mortality protection gap & retirement funding gap are expected to provide life insurers a significant multi-decadal growth opportunity
NCLAT seeks fresh NCLT order against senior executives of Videocon Telecom
The Mumbai bench of the NCLT, on a plea by the Government of India, had attached and frozen moveable and immoveable properties, including bank accounts, lockers and demat accounts, including the jointly held properties, of Ar
Kushinagar international airport to boost Buddhist tourism
The new airport is part of the Centre’s effort to boost tourism by connecting Buddhist pilgrimage sites and facilitate the travel of pilgrims, especially from Sri Lanka, Japan, Singapore, Thailand, China, South Korea and Vi
Novavax on track to produce 150 m doses by Q4 end
Novavax and SII have applied for emergency use listing (EUL) to the World Health Organization (WHO) for the Novavax Covid-19 vaccine candidate.
India is close to turning the pandemic tide: Poonawalla
Adar Poonawalla, CEO of Serum Institute of India (SII), expects the world to go back to the pre-Covid times by this time next year
Developed world should help ISA to provide clean energy access: Union power minister RK Singh
ISA, a treaty-based inter-governmental organisation headquartered in Gurgaon, was established following the Paris Declaration as an alliance dedicated to the promotion of solar energy among its member countries.
OPEC-plus should factor in consumer sentiments: Hardeep Singh Puri
He added that “we are all in this together since there is a direct correlation between economic activity and oil price” and slowing economic activity will also lower demand for oil and gas. The minister was speaking at th
Mid & smallcap indices lose steam after sharp run up since 2020
While the Nifty Midcap index lost 692.40 points to end the session at 31,478.30 points, the smallcap index settled at 11,202.10, down 278.60 points. Both the indices have fallen more than 2% on Wednesday, taking the total los
Vodafone Idea accepts 4-yr moratorium on spectrum payments
The company is the first telecom operator to have sent its acceptance to the DoT following the government's revival package for the sector which involves deferring the payment of spectrum instalments with the net present valu
Real Estate: Hiranandani Group offers homes with millennials in mind
Moreover, the new-age populace has been considering buying homes in their early years of life to combat the unprecedented Covid crisis.
Supreme Court says UP govt must dispel doubts that it is dragging its feet on Lakhimpur Kheri incident
When Salve told the bench that the state had filed a status report in a sealed cover, the CJI said that there was no need to file it in a sealed cover, and it had received the report just before the hearing. “We waited till
Online Extortion: Protect yourself from tech support scams
Five pro-tips from Microsoft Security to protect yourself from tech support scams
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