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    1. Business News
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    3. fe bureau

    FE Bureau

    The Kerala-based lender had reported a consolidated net profit of Rs 1,006.6 crore in the year-ago period and a net profit of Rs 1,002.9 crore in the preceding second quarter.
    Muthoot Finance net profit surges 4% in third quarter

    The finance company which also operates a home loan, microfinance and insurance broking subsidiaries said that net profit of the…

    By FE Bureau
    Updated: February 14, 2022 13:08 IST
    mahindra
    Suzuki, Tata Motors, M&M to get PLI sops

    Incentives will be granted for the sales of advanced automotive technology products (both vehicles and components) manufactured in India for…

    By FE Bureau
    February 12, 2022 10:21 IST
    ashok leyland new tippers
    Driving out of red, Ashok Leyland nets `6 cr profit

    The company’s domestic LCV volumes for Q3 FY22 was at 14, 233 (15,991) constrained by semi-conductor  shortage. Export volumes (MHCV…

    By FE Bureau
    February 12, 2022 10:15 IST
    Overall auto sales dip 18.84% in Jan as per Siam data

    Overall sales across categories fell 18.84% year-on-year (y-o-y) to 14,06,672 units in January, revealed by industry body Society of Indian…

    By FE Bureau
    Updated: February 12, 2022 10:07 IST
    Apollo Hospitals PAT zooms 65%

    Apollo Hospitals Enterprise (AHEL) on Friday reported a 65% jump in its standalone PAT at Rs 175 crore for the…

    By FE Bureau
    February 12, 2022 07:45 IST
    India had a merchandise trade deficit of $4.2 billion with Australia in FY21, as it shipped out goods worth over only $4 billion, while bilateral trade stood at $12.3 billion. Major traded items include mineral fuels, pharmaceutical products, organic chemicals and gem and jewellery.
    Interim trade deal with Australia in 30 days: Piyush Goyal

    Addressing media jointly with Australian minister for trade, tourism and investment Dan Tehan after two days of bilateral talks, Goyal…

    By FE Bureau
    February 12, 2022 06:25 IST
    Replying to a general discussion on the Budget for FY23 in the Rajya Sabha, the minister said: “I am not going to legalise it or ban it at this stage. (A decision on) Banning or not banning will come subsequently, after consultations.”
    Taxing crypto doesn’t ensure legal status: FM Sitharaman

    The Budget for FY23, the minister said, stands for continuity and brings predictability to the taxation regime.

    By FE Bureau
    February 12, 2022 06:15 IST
    “It has been a privilege to lead the Tata Group for the last five years and I am delighted at the opportunity to lead the Tata Group for another five years, in its next phase,” Chandrasekaran said.
    N Chandrasekaran gets second term as Tata Sons chairman

    The board of the Tata Sons, the investment arm of the Tata Group, which met on Friday, commended Chandrasekaran’s performance…

    By FE Bureau
    February 12, 2022 06:00 IST
    Sebi has viewed non-disclosure of the results “seriously” and said continuing it would result in initiation of “appropriate enforcement action”.
    Sebi asks Dish TV to disclose December AGM results

    According to an advisory by the market regulator, dated February 9, there has already been a 37-day delay in disclosing…

    By FE Bureau
    February 12, 2022 05:45 IST
    Banks insist, however, that corporate demand is showing signs of pick-up. State Bank of India (SBI) chairman Dinesh Khara said last week there has been a definite improvement in terms of the utilisation of sanctioned limits by companies. The bank has seen the unutilised portion in working capital loans drop to 43% from 52% in September 2021. In term loans, the undisbursed portion has fallen to 22% from 23% in December 2020.
    Non-food credit growth improves to 8.32% in fortnight ended Jan 28

    Outstanding non-food credit as on January 28 rose to Rs 115 lakh crore from Rs 114.1 lakh crore at the…

    By FE Bureau
    February 12, 2022 05:00 IST
    Net NPA ratio is reported at 3.83 % compared to 4.92 % in the second quarter and 1.11 % in the third quarter of last fiscal year.
    Dhanlaxmi Bank Q3 net plunges 83% to Rs 2 crore as other income declines

    The Thrissur-based lender had reported a net profit of Rs 11.81 crore in Q3 of FY21 and Rs 3.66 crore…

    By FE Bureau
    February 12, 2022 04:30 IST
    The company's revenue from operations dropped to Rs 1,108 crore from Rs 1,160 crore.
    India Cements Q3 net declines 95% on volume loss, high variable costs

    The performance of the company was severely affected by the record monsoon in the southern states with consequent flooding in…

    By FE Bureau
    February 12, 2022 03:00 IST
    This comes after the Supreme Court on February 1 set aside the Delhi high court’s three interim orders that had restrained Future Retail from going ahead with its merger deal till it decided the Singapore arbitration proceedings initiated by Amazon in 2020. The apex court had remanded the matter back to the HC.
    Delhi HC to start hearing Amazon-Future Group legal tussle from February 24

    Justice C Hari Shankar on Friday laid out a roadmap for resolving all the cases arising out of the August…

    By FE Bureau
    February 12, 2022 02:30 IST
    Bank of Baroda to acquire Union Bank’s 21% stake in IndiaFirst Life

    At present, according to the insurer’s website, Bank of Baroda’s stake stands at 44%, Union Bank holds 30% and Carmel…

    By FE Bureau
    February 12, 2022 02:00 IST
    All sectoral indices also ended in the red – with IT and PSU Bank being the top losers, falling over 2% each.
    Persistent FPI outflow: Sensex tumbles 773 pts on Fed rate hike fears

    Snapping the three-day rally, the Sensex closed 1.3% lower at 58,152.92 while the Nifty settled at 17,374.75 points, down 231.10…

    By FE Bureau
    February 12, 2022 00:15 IST
    Earnings roundup: M&M’s Q3 net profit soars to Rs 1,353 crore

    The profit increase is primarily due to absence of impairments this quarter, which is a result of its capital allocation…

    By FE Bureau
    Updated: February 11, 2022 08:14 IST
    MG-NREGS: ‘Funds allocated for FY23 just enough for up to 21 days of work for a rural household’

    People’s Action for Employment Guarantee (PAEG) estimated that FY22 would end with pending liabilities of over `21,000 crore under MG-NREGS.

    By FE Bureau
    February 11, 2022 06:15 IST
    business
    Ease of doing business: Report recommends easing of compliance burden on firms

    Foundation (ORF), has recommended constituting a regulatory impact assessment committee and sunset clauses in India’s business laws.

    By FE Bureau
    February 11, 2022 06:00 IST
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    Latest News

    Thamma Box Office

    Thamma Box Office Day 6: Ayushmann Khurrana-Rashmika Mandanna’s film continues to spin magic, collects Rs 91.7 crore

    PM

    Bihar Assembly Election 2025 Highlights: ‘Idea of 2 Indias belongs to Gandhi family’, BJP targets Rahul Gandhi over Bihar speech

    Rohit Sharma wins ‘Impact Player of the Series’ award as Ro-Ko duo lights up Sydney ODI

    Rohit Sharma wins ‘impact player of the series’ award as Ro-Ko duo lights up Sydney ODI

    Many major companies from diverse sectors are set to declare their financial results this week.

    Upcoming earnings: Over 100 companies, including BEL, BHEL, ITC, Dabur to report Q2 results this week

    Airpods pro 3

    Made in India AirPods: Apple directs Foxconn Hyderabad to target 2 lakh units per month

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