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    3. fe bureau

    FE Bureau

    Haryana moves SC against stay on law for 75% jobs to locals

    A Bench led by Chief Justice NV Ramana agreed to hear the Manohar Lal Khattar government’s appeal on Monday after…

    By FE Bureau
    February 5, 2022 03:45 IST
    But several studies, including one by UNDP and the latest from the ‘Science’ journal, have estimated deaths to be much higher than the officially reported numbers. Independent studies have put the death estimate from three-four times to seven-eight times of the reported numbers.
    Covid-19 death toll crosses 5 lakh

    The health ministry has on several occasions stood by the officially reported mortality data and denied any kind of undercounting…

    By FE Bureau
    February 5, 2022 02:45 IST
    Analysts had estimated the revenue at Rs 59,679 crore. While the steel production remained flat on a y-o-y basis at 7.76 million tonne, the steel deliveries dipped 5.4% y-o-y to 7.01 million tonne.
    Tata Steel’s net up 139% at Rs 9,598 cr

    The quarterly adjusted Ebitda stood at Rs 12,434 crore and profit after tax at Rs 7,787 crore. In its European…

    By FE Bureau
    February 5, 2022 01:15 IST
    BoI net profit zooms 90% Y-o-Y to Rs 1,027 cr on back of lower provisions

    Retail loans grew at the fastest pace of 16% on year to Rs 75,542 crore as on December 31.

    By FE Bureau
    February 5, 2022 01:00 IST
    City Union Bank net rises 15% to Rs 196 crore

    Interest income contracted to Rs 1,035 crore from Rs 1,048 crore.

    By FE Bureau
    February 5, 2022 00:30 IST
    Satyendra Prakash
    National award conferred on BOC’s Satyendra Prakash for raising poll participation

    The award was given on the occasion of National Voters’ Day in the presence of guest of honour Kiren Rijiju,…

    By FE Bureau
    February 4, 2022 08:26 IST
    Hotels business posted a whopping 101.27% y-o-y increase in its revenue at Rs 473.39 crore, while the segment posted an operating profit of Rs 50.56 crore against an operating loss of Rs 67.33 crore in the third quarter last fiscal.
    ITC Q3 net up 12.69% at Rs 4,156.20 crore as gross revenue soars 31.25%

    During the period under review, the conglomerate’s tax expenses rose 12% y-o-y at Rs 1,335.83 crore.

    By FE Bureau
    February 4, 2022 06:30 IST
    Revenue from operations grew 4% y-o-y to Rs 971.85 crore from Rs 933.61 crore a year ago.
    Emami’s founders pave way for gen-next to take over control

    Emami on Thursday announced a major move to rejig its board, as founders founders RS Agarwal and RS Goenka are…

    By FE Bureau
    February 4, 2022 06:20 IST
    Currently, wine in walk-in supermarkets is sold in Himachal Pradesh, Chandigarh, Madhya Pradesh and Delhi (till November 2019). “Maharashtra will benefit from this move as currently, wine is barely 1% of alcohol sales in the state at only 75 lakh litres per year. The impact of this rule will help small wineries too as they will now have access to the discerning consumers,” Holkar felt.
    Wine sales could jump by 25% after Maharashtra govt allows sales in supermarkets

    At present, wine sales across the country stand at 3.5 million cases. Maharashtra accounts for 25-30% of the total sales…

    By FE Bureau
    February 4, 2022 06:15 IST
    The spread of the infection has reduced with the number of districts with more than 10% case positivity coming down from 406 to 297, Lav Agarwal, joint secretary, the health ministry said. The number of districts with less than 5% positivity had climbed up from 183 on January 26 to 268 on February 2.
    Covid-19 cases declining, case positivity down by 50%: Union Health Ministry

    The number of new cases during the second wave peaked at 4.14 lakh cases in May 2020 while the highest…

    By FE Bureau
    February 4, 2022 05:00 IST
    Tourists buy a lot there and so do NRIs coming home for leave. For the past two quarters, there has been good momentum and margins are more than the pre-covid level.
    Jewellery sector resilient; recovery has been fast: Ramesh Kalyanaraman, executive director, Kalyan Jewellers

    Last year also, a lot of weddings happened during the January-March quarter and were extended to April. More than pent-up…

    By FE Bureau
    February 4, 2022 04:45 IST
    Mittal will succeed MS Sahoo, the first chairman of the IBBI who retired on September 30, 2021, after completing a five-year term. Navrang Saini, a whole-time member of the IBBI, was given additional charge as the chairman until March 5.
    Ravi Mittal to take over as IBBI chief

    A 1986-batch IAS officer of Bihar cadre, Mittal had also worked as the secretary in the department of information and…

    By FE Bureau
    February 4, 2022 04:30 IST
    Bernd Lichter, managing partner at Rhodius, said, “Cumi offers Rhodius Abrasives a unique platform with important strategic advantages, especially in the areas of depth of product range, raw materials and global distribution. This will elevate Rhodius’ growth strategy to the next level.”
    Cumi to buy 100% stake in Rhodius Abrasives of Germany for enterprise value of €55 million

    Cumi expects growth in the US market, with the US government committing spend on infrastructure, and it sees similar trends…

    By FE Bureau
    February 4, 2022 04:00 IST
    However, sugar production in Maharashtra, the country's second-largest producing state, rose to 72.9 lakh tonnes from 63.8 lakh tonnes.
    India’s sugar production up 5.64% during October-January

    According to ISMA, sugar production in Uttar Pradesh (the country’s top sugar producing state) remained lower at 50.33 lakh tonnes…

    By FE Bureau
    February 4, 2022 03:15 IST
    Sudarshan Venu, Murugappa firm, Murugappa board, TVS Motor Company
    Sudarshan Venu appointed on board of Murugappa firm

    Sudarshan Venu, the joint MD of TVS Motor, holds a graduate degree with Honors in the Jerome Fisher Program in…

    By FE Bureau
    February 4, 2022 02:25 IST
    Sectorally, barring automobiles, all other sectors witnessed selling pressure and ended in the red. The Nifty IT was the top loser, falling more than 2% amid a sell-off in technology stocks in the global markets.
    Markets snap rally as profit booking hits tech stocks

    Foreign portfolio investors continued to offload Indian shares, but inflows into debt remained positive through January. FPIs sold shares worth…

    By FE Bureau
    February 4, 2022 02:15 IST
    A bench led by Chief Justice NV Ramana, after hearing all the three parties, reserved its order on whether FRL can be given time to arrive at a resolution with its lenders, which have an exposure of Rs 17,000 crore to the company and whether procedural formalities before NCLT can be permitted for the proposed Rs 24,713-crore asset sale deal between FRL and Reliance Retail.
    Classification of Future Retail as NPA: SC refuses to pass interim order

    FRL had late last month moved the apex court seeking protection from being declared a defaulter after it missed the…

    By FE Bureau
    February 4, 2022 01:30 IST
    The revenue growth from the India business was approximately 15% during Q3. Total standalone revenue for the company (India) was Rs 2,880 crore, against Rs 2,497 crore in the year-ago period. The standalone net profit from the India operations during stood at Rs 118 crore, compared with Rs 94 crore in Q3FY21.
    Kalyan Jewellers Q3 net profit grows 16% to Rs 135 crore

    Ramesh Kalyanaraman, executive director, said the Q3 performance has been very satisfying with strong momentum in revenue and footfalls across…

    By FE Bureau
    February 4, 2022 00:45 IST
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    Latest News

    Charlotte Teacher Arrested for Allegedly Stabbing Husband

    Indian-origin woman arrested in North Carolina for alleged knife attack on husband over ‘house cleaning disagreement’

    eClerx approves Rs 300 crore share buyback at Rs 4,500 per share

    eClerx approves Rs 300 crore share buyback at Rs 4,500 per share

    Rujuta Diwekar diet tips to lose weight naturally

    Celebrity nutritionist Rujuta Diwekar warns against trending diets, reveals the safest ‘Indian way’ to lose weight naturally

    UIDAI new Aadhaar rules 2025: Fee hike, free update deadline over, and online Aadhaar update starts November 1

    Aadhaar update 2025: UIDAI revises fees, ends free update window, and set to launch new online update system

    The Canadian resident said that the fire in his backyard, caused by Diwali fireworks, spread quickly and destroyed his car and garage. He urged the administration to increase fines on fireworks to prevent similar incidents.

    ‘Indian community should rebuild his home,’ says singer Chinmayi after Canada house catches fire from Diwali fireworks

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