CATEGORIES

Petronet Q2 PAT rises 4%

Petronet LNG Ltd, India's biggest liquefied natural gas importer, on Thursday reported a 4 per cent rise in its second-quarter profit on higher capacity utilisation at its flagship Dahej import terminal in Gujarat.

NCLT directs initiation of insolvency proceedings against Spaze Towers

The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against realty firm Spaze Towers, admitting a plea filed by its flat owners.

ITC Q2 net profit rises 1.8% to ₹5,054.43 crore

Diversified entity ITC Ltd on Thursday reported an 1.8 percent increase in consolidated net profit to Rs 5,054.43 crore for the second quarter ended September 2024.

Japan's MUFG Bank, Koch Group seek CCI nod to acquire minority stakes in Shiprocket

Japan-based MUFG Bank and American conglomerate Koch Group have sought approval from the Competition Commission of India (CCI) to acquire minority stakes in logistics aggregator Shiprocket.

Reliance Power gets shareholders' nod to raise ₹1,525 cr via shares

Reliance Power said it has received shareholders' approval to raise Rs 1,524.60 crore through issuance of preferential shares.

Nvidia, RIL to build AI computing infra in India; Ambani says country to export AI

Nvidia Corp has struck a deal with billionaire Mukesh Ambani's conglomerate Reliance Industries to build out an artificial intelligence (AI) computing infrastructure as well as an innovation center in India, the AI chip giant's CEO Jensen Huang said on Thursday.

Adani Group's ACC posts Q2 PAT of ₹200 cr

Cement maker ACC Ltd on Thursday reported a consolidated profit after tax of Rs 199.7 crore for the second quarter ended September 30, 2024.

Arihant Academy acquires 51% stake in ZEAL Academy

Coaching institute Arihant Academy on Thursday said it has acquired a 51 per cent stake in Zen Educational and Learning (ZEAL Academy) at a valuation of Rs 17 crore.

Intel vs. Nvidia: Battle for Tech Dominance Shifts to AI

Sunil Nanda, a BITS Pilani graduate, founded the India Design Center for Nvidia Graphics in Bangalore in 2004, just 11 years after the company itself was founded in 1993 in the US.

NTPC net profit grows 14% to ₹5,380 cr in Jul-Sep quarter

State-owned power giant NTPC Limited on Thursday posted about 14 per cent rise in consolidated net profit to Rs 5,380.25 crore for the September quarter.

Gilts end mixed; caution before auction on Fri

Government bond prices ended on a mixed note Thursday due to conflicting factors.

US weekly jobless claims drop by 15%

New applications for U.S. unemployment aid unexpectedly fell by 15% last week, but the number of people collecting benefits in mid-October was the highest in nearly three years, indicating it was becoming harder for those losing jobs to land new positions, Reuters reported.

India undisputed leader in hosting Global Capability Centres: Report

In a testament to India's growing dominance in the global business landscape, the country has emerged as the undisputed leader in hosting Global Capability Centres (GCCs).

Sebi clarifies on advertisement code for RAS

Markets regulator Sebi on Thursday clarified that research reports and recommendations of research analysts (RAs) are not considered advertisements unless anything contained in such reports is in the nature of promotion of products or services offered by them.

Govt proposes use of AI, innovative tech to check traffic violations

The government is proposing to use Artificial Intelligence and other innovative methods to check traffic violations and ensure that penalties are levied accurately, Union minister Nitin Gadkari said on Thursday.

MPC minutes indicate Dichotomy: SBI report

A recent report by SBI Ecowrap report on the minutes of MPC meetings indicates dichotomy of views.

Telecom body COAI bats for cut in licence fee; says telcos face double whammy

Telecom industry body COAI on Thursday sought abolition or reduction of AGR-related fees for telcos at the earliest and pitched for lowering licence fee to 0.5-1% of gross revenues.

Sensex, Nifty fall for 4th day amid FII outflows

FMCG, auto shares decline after Sep quarter results

In 20 years, India to develop additional 200 airports: Naidu

Highlighting the growth potential of India's civil aviation space, Union minister K Rammohan Naidu on Thursday said the country might need 4,000 more planes in the next 20 years and 200 more airports are expected to be developed during the same period.

Neither US nor China can ignore India today: FM

India's priority is not to impose its dominance, says Sitharaman

India's Oct flash composite PMI rises from 10-mth low Sept print

India's private sector activity picked up in October after slowing to a 10-month low the previous month, with both the services and manufacturing sectors expanding faster than in September.

Pune residents wary of noise pollution as Diwali approaches

Festivals and noise pollution have become a norm in Pune. Residents express concern over noise pollution as Diwali is around the corner.

Woman kills herself and two daughters

Upon hearing the tragic news, the victim's husband Swapnil Chavan reportedly consumed poison

Kothrud: BJP's Patil files nomination

Senior Maharashtra BJP leader and minister Chandrakant Patil on Thursday filed his nomination papers from seat in Pune district for the Nov 20 polls. A well-attended rally preceKothrudded his filing of nomination papers.

NIBM residents protest lack of basic amenities

Residents' demands:

‘Wear helmets’, DC to govt employees

Pune's Divisional Commissioner Chandrakant Pulkundwar has issued a directive mandating punitive measures against government officials and employees who do not wear helmets while riding or as passengers on two-wheelers.

2-year-old boy killed in trailer mishap in Uran

A two-year-old boy lost his life due to the negligent driving of a trailer on Uran Phata road connecting to Belapur Killa junction, on Sunday.

Missing for two months, family traced to UP

More than two months after three members of a family—a woman and her two sons—had mysteriously disappeared from their apartment in the Penkarpada area of Kashimira, the central crime unit (CCU) attached to the Mira Bhayandar-Vasai Virar (MBVV) traced them to a village in Uttar Pradesh on October 22.

2 held by DRI with gold worth ₹7.69 crore

The Directorate of Revenue Intelligence (DRI) arrested two passengers for allegedly smuggling gold worth Rs7.69 crore.

Bldr to refund ₹24.75L for not delivering flat

The Mumbai Suburban Additional Consumer Dispute Redressal Commission has directed the real estate firm M/s Twin and Deccan run by Iliyas Patel and Abdul Karim Abdul Rahim, to refund Rs24,75,000 along with 12% interest from 2010 to a Kurla resident, Ziyaur Rehman after they failed to deliver flat as agreed.