CATEGORIES

Net profit surges to Rs 14,330 crore, beats expectations : SBI Q2FY24

The release of its Q2FY24 statistics, the State Bank of India (SBI) demonstrated a notable improvement in its financial performance. SBI announced an impressive 8% YoY increase in its standalone net profit for the September quarter, coming in at Rs 14,330 crore.

Byju's core business revenue soars 2.3x, reports Rs 2,253 crore net loss

The parent company of edtech company Byju’s, Think and Learn Private Limited (TLPL), announced a 2.3-fold increase in its primary revenue to reach a total of Rs 3,569 crore for the fiscal year 2021–22 from Rs 1,552 crore the year before.

TANISHQ LAUNCHES SINGAPORE BOUTIQUE, AIMS FOR 50 GLOBAL STORES

Tanishq, a jewelry brand owned by the Tata Group, intends to eventually operate 50 boutiques worldwide, according to Titan CEO Kuruvilla Markose

Haryana Pharma owner gifts 12 cars to star employees for Diwali

A week before Diwali, the proprietor of a Panchkula pharmaceutical company rewarded his staff by giving them 12 automobiles.

West Bengal govt hosts roadshow for Punjab stakeholders ahead of global business summit

In anticipation of a global business conference later this month in Kolkata, the West Bengal government organized a roadshow here to attract the interest of enterprises from the Punjab region and investigate potential investment opportunities.

Government initiates onion retail sale at Rs 25/kg

In response to the rising cost of onions, the Center has launched a vigorous retail sale of onions at a discounted rate of Rs 25 per kilogramme.

44,000+ ROADS POTHOLE-FREE IN UP UNDER CM ADITYANATH'S VISION

The chief minister of Uttar Pradesh gave us all instructions to make it enjoyable for the average person to walk on every route

Puri Inaugurates ONGC-funded Rs 483 cr hospital

In the Sivasagar district of Assam, a multispecialty hospital constructed at an estimated cost of Rs 483 crore was opened on Saturday by Petroleum Minister Hardeep Singh Puri.

'India aims to be top 5 Global Bio-manufacturing hub by 2025'

Union Minister for Science and Technology Jitendra Singh has expressed confidence that India is on the path to becoming one of the top 5 global bio-manufacturing hubs by 2025.

INDIA'S FOREX RESERVES RISE BY $2.58B TO $586.11B

India’s foreign exchange reserves saw a notable increase of $2.579 billion, reaching $586.111 billion in the week ending October 27, as reported by the Reserve Bank of India on November 3.

Adani Ports records 48% growth in cargo volumes at 37M tonnes

Adani Ports and Special Economic Zone, a prominent player in India’s port and logistics sector, experienced a remarkable upswing in cargo volumes, with a substantial 48 percent increase to 37 million metric tonnes (MMT) in October.

'India unlikely to have hyperloop trains in near future'

India is currently not inclined to embrace hyperloop technology for ultra-high-speed trains, according to V K Saraswat, a member of NITI Aayog, as the technology remains at a “very low level” of maturity and may not be economically viable at this juncture.

INDIA'S POWER CONSUMPTION SURGES 9.4% TO 984.39B UNITS

Furthermore, the peak power demand exhibited an increase, reaching almost 241 GW in the April-October period of the current fiscal year, in contrast to 215.88 GW during the corresponding period in 2022.

M&M, Hyundai record rise in sales

Hyundai Motor India registered total sales of 68 728 units in October 2023, which was 18.48 per cent higher yoy.

PPS MOTORS TO DELIVER 298 BHARATBENZ BUSES TO ODISHA GOVT

Automotive dealer PPS Motors is delivering nearly 300 BharatBenz buses to the Odisha Government as part of the location accessible multimodal initiative' (LAccMI).

HERO MOTOCORP PAT GROWS 47% YOY IN OCT'23

Hero MotoCorp reported profit after tax for Q2FY24 at Rs 1,054 crore, reflecting a growth of 47 per cent year-on-year over Rs 716 crore in the year ago period.

CONCOR: PIONEERING INDIA'S LOGISTIC REVOLUTION FOR OVER 30 YEARS

Logistics is very essential for the Indian economy Las it is the differentiating sector that can largely affect the exports with the underlying assumption of a robust logistics sector.

Messe Stuttgart enters India to elevate the education, edtech in Asia

Messe Stuttgart, one of the world's pioneer trade fair and exhibition companies announces its strategic partnership with the India Didactics Association to strengthen Asia's promising education, edtech, and skill development sector.

ED uncovers money laundering in Jal Jeevan Mission scam

The Enforcement Directorate (ED) said on Saturday it took swift action against corruption, conducting follow-up search operations at 26 locations, including bank accounts, in Jaipur and Dausa districts of Rajasthan.

PREMIUM UNLEASHES NEW PRODUCTS IN POWER TRANSMISSION

Premium, a leading name in the power transmission industry, is set to launch two groundbreaking products: PTXL Fluid Coupling and XE Geared Motor under the Xccelrator brand.

Odisha leads the world in disaster management

Odisha, a state on the east coast of India, serves as a beacon of hope and resilience in the world of disaster management, according to a report by The World Bank.

JGU AND PACE UNIVERSITY SIGN DEAL FOR STUDY ABROAD PROGRAM

A distinguished delegation from Pace University, New York, USA visited O.P. Jindal Global University (JGU) on Thursday.

AAP leader Sanjay Singh moves SC against HC order

Jailed Aam Aadmi Party (AAP) leader Sanjay Singh moved the Supreme Court challenging the Delhi High Court order dismissing to reject his plea against his arrest by the Enforcement Directorate (ED) in a money laundering case linked to the now-repealed excise policy of the Delhi government.

TEJASHWI YADAV MOVES SC SEEKING TRANSFER OF DEFAMATION CASE

Bihar Deputy Chief Minister Tejashwi Yadav on Saturday informed a trial court in Ahmedabad that he has moved the Supreme Court seeking transfer of the criminal defamation case against him and the matter is likely to be taken up on November 6.

Srinagar takes green route with Tata Motors E-buses

Tata Motors has supplied the first batch of state-of-the-art ultra EV air-conditioned electric buses to Srinagar Smart City via TML Smart City Mobility Solutions (J&K) Ltd, a Tata Motors Group company.

MERCEDES LAUNCHES GLE SUV, AMG SEDAN

Luxury car maker Mercedes-Benz India has launched the new GLE luxury SUV and the AMG C 43 4MATIC performance sedan, further strengthening Mercedes-Benz's SUV portfolio and setting new standards for driving performance and exclusivity.

STATES MAKE A SHIFT TOWARDS E-MOBILITY

India's states are aggressively pursuing the country's strategic shift towards electric mobility and playing a key role in reducing its dependence on import of crude oil by offering competitive incentives for vehicle buyers and manufacturers.

Competition Commission to launch market study on cement sector in India

The Competition Commission of India (CCI) is launching a pan-India market study on the cement sector, aiming to fact-find and develop a comprehensive understanding of the functioning of the cement market across regions in India, and the state of competition in the sector.

WORLD BANK-POWERED 'SKILL INDIA MISSION OPERATION' EMPOWERS INDIA'S YOUTH WORKFORCE

The World Bank, in partnership with the Ministry of Skill Development, is actively contributing to India's mission to empower its burgeoning youth workforce with the skills necessary for the future economy.

PHDCCI recommends measures for growth in aviation and cargo sectors

The PHDCCI Policy Forum has released a report shedding light on the transformative potential of India's civil aviation and air cargo sector and made a few recommendations for the betterment of the sector.