CATEGORIES

IDBI Bank's net up 39% to ₹1,836 crore

Private sector lender IDBI Bank on Friday reported a healthy 39 per cent jump year-on-year (Y-o-Y) in its net profit for the second quarter of the current financial year (Q2FY25) to ₹1,836 crore on improvement in net interest margins and an uptick in non-interest income.

FAR securities get ₹60K cr since JP Morgan inclusion

In October so far, foreign portfolio investors sold FAR securities worth ₹5,000 crore

BPCL profit down 72% on higher costs, weak margins

State-run Bharat Petroleum Corporation (BPCL) reported a 72 per cent slump in its net profit for the second quarter of the current financial year (Q2FY25) over higher expenses and weak refining margins.

Recoveries drive BoB's bottom line up 23%

Bank's MD and CEO says the deposit costs have peaked with prospects for moderation

Adani's ₹12,500 cr bid drives up KSK Mahanadi offers

Adani Group's ₹12,500 crore bid to acquire KSK Mahanadi Power has prompted other bidders to revise their offers upwards, and the final number could be much higher, according to sources.

Fairfax not to cut CSB Bank stake in five years

Private sector lender CSB Bank plans to become a mid-sized new age bank by 2030, its managing director and chief executive officer PRALAY MONDAL said. In a telephonic interview with Shine Jacob he discussed the bank's roadmap, reducing the share of gold loans, and the recent Fairfax stake sale. Edited excerpts:

NIPFP cuts India's FY25 GDP growth forecast

Citing growth moderation in the June quarter of FY25 on account of sharp contraction in net exports as well as government consumption due to the model code of conduct, Delhi-based think tank National Institute of Public Finance and Policy (NIPFP), in its mid-year review, revised downwards its growth forecast for India to 6.9-7.1 per cent.

Govt doubles Mudra loan ceiling to ₹20 lakh under new category

The government on Friday doubled the limit of a Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY) to ₹20 lakh from ₹10 lakh under a new 'Tarun Plus' category to promote entrepreneurship in the country.

Jobs most pressing global issue amid tech changes: FM

Jobs is the most pressing global issue due to economic headwinds and rapid technological change that are redefining skills the youth need for the job market, Finance Minister Nirmala Sitharaman has said.

Income disparity down 74% since FY14: SBI study

There has been a cumulative 74.2 per cent decline in income disparity coverage for those earning up to ₹5 lakh annually between financial years 2013-14 and 2022-23, said a State Bank of India (SBI) report released on Friday.

No trade pact if EU insists on opening up dairy biz: Goyal

Issues like labour, climate change need to be discussed on int'l forums, he says

Lodha Q2 profit up 2x, revenue soars 53%

Real estate developer Macrotech Developers (also known as Lodha Group) has reported a consolidated profit of ₹423.1 crore in the second-quarter of the financial year 2024-2025 (Q2 FY25) as compared to ₹202.8 crore previous year.

Vedanta Resources gets Moody's rating upgrade after fundraise

Moody's Ratings on Friday said it has upgraded the ratings on bonds of Vedanta Resources Ltd (VRL) driven by the company's efforts to access funding.

Bajaj Auto's CNG motorcycle races ahead with record sales

Registrations highest since Freedom 125 was launched in July this year

VC funding up 50% till Sep on high-value deals

883 deals worth $8.3 bn announced

RIL to move Dubai crude oil team back to India by year-end

Reliance Industries, operator of the world's biggest refining complex, is restructuring its trading operations, including moving most of its Dubai crude oil trading team back to Mumbai, two sources said.

JSW Steel net slumps 84% on lower sales realisation

JSW Steel on Friday reported an 84.1 per cent year-on-year (Y-o-Y) decline in consolidated net profit to ₹439 crore for the July-September quarter (Q2FY25) on lower sales realisation due to cheap imports and an exceptional charge.

ElasticRun's FY24 losses nearly halve to ₹359 crore

Business-to-business e-commerce platform ElasticRun saw its net loss for FY24 almost halve to ₹359.6 crore from ₹618.99 crore in FY23. Revenue for FY24 came in at ₹2,434.84 crore, down 48.6 per cent year-on-year against 4,738 crore.

Germany raises visa quota for skilled Indians by 4.5x to 90K

Scholz pushes early EU FTA; Modi says right time to join India growth story

IndiGo swings into red in Q2 over cost blues

Aircraft groundings peaked to 'mid-70s' but situation is easing

Sensex drops below 80,000 amid earnings season gloom

Benchmark indices log longest weekly losing run in 14 mths; turbulence may continue

Boardroom battles to Frank Sinatra, life of Tata 'patriarch'

A fortnight after Ratan Tata passed away, his much awaited biography by Thomas Mathew is out.

DIWALI BONUS: Splurge, but also repay costly debt, replenish emergency fund

With Diwali around the corner, companies have started announcing bonuses. Some have been particularly lavish.

Health insurance for newborns: Why is it needed?

To cover hospitalisation costs: Coverage for any necessary hospital stay.

DEATH OF A DELIVERY AGENT

A murder has brought into focus the risks agents face during cash-on-delivery orders

Intel wins legal battle over $1.1 billion EU fine

Intel Corp won the latest round of an epic legal battle with the European Union over a case that led to a oncerecord antitrust fine of ₹1.06 billion ($1.1 billion).

JSW Energy net flat at ₹853 crore

Private power producer JSW Energy reported flat net profit of 853.25 crore (attributable to the owners of the company) in the quarter ended September, 2024 (Q2FY25).

Digital uptick key for Tata Comm targets

Weak Q2, lower margin expectations may weigh on near-term outlook

'Upgradation trend consistent even in rural'

Unilever is focusing harder on its core pillars in the food business in India and is determined to make it grow, company's Executive Officer Hein Chief Schumacher said.

Listed SME capex growing faster than larger players

The concluding part of the series looks at investment sentiment among listed SME companies