CATEGORIES

GAIL clocks revenue of Rs 31,823 cr, PAT of Rs 2,405 cr

State-owned GAIL (India) reported a 70 per cent jump in profit after tax (PAT) at Rs 2,405 crore in the second quarter of FY24, as against Rs 1,412 crore in the previous quarter of the current fiscal. The gas producer's revenue from operations stood at Rs 31,823 crore in Q2 FY24 as compared to Rs 32,227 crore in Q1 FY24, and PBT registered a jump of 66 per cent to Rs 3,130 crore in Q2 FY24 as against Rs 1,889 crore in the previous quarter.

IndianOil brings in ₹12,967 crore net profit

India's largest PSU oil refining and marketing company, IndianOil, posted a net profit of Rs 12,967 crore in Q2 FY24, crossing over from a net loss of Rs 272 crore a year ago.

Adani Total Gas PAT up 20% yoy at Rs 168 cr, EBITDA up 23%

City gas distribution company Adani Total Gas Ltd. (\"ATGL\") posted a year-on-year 20 per cent increase in profit after tax (PAT) at Rs 168 crore while its revenue from operations grew at Rs 1,178 crore, down one per cent from 1190 in H1FY23.

SLOWDOWN IN CONSUMER GOODS HITS INDIAN MFG GROWTH IN OCT, INDEX SLIPS TO 55.5

Output increased further at the start of the third fiscal quarter, stretching the current sequence of expansion to over two years

Unity runs and integrity pledges organised in Jammu on 'Rastriya Ekta Diwas'

Scores of unity runs and integrity pledges were organised across Jammu region as part of the ‘Rashtriya Ekta Diwas’, celebrated to mark the birth anniversary of Sardar Vallabhbhai Patel – the country’s first home minister.

CPM LEADER SITARAM YECHURY WRITES TO PM MODI ON APPLE ALERTS

CPI(M) leader Sitaram Yechury on Tuesday wrote to Prime Minister Narendra Modi after he and several other opposition leaders received alerts about “state-sponsored” attacks on their iPhones, saying a “surveillance state is the antithesis of democracy”.

Delhi High Court Restrained FranchiseByte' From Publishing YouTube Videos Using 'WOW! MOMO' Mark

The Delhi High Court in the case Wow Momo Foods Private Limited v.

KERALA HIGH COURT URGED STATE GOVT TO TAKE UP ISSUE WITH CENTRE; KERALITES WORKING IN GULF COUNTRIES UNABLE TO VISIT FAMILY DUE TO EXORBITANT FLIGHT PRICES

The Kerala High Court in the case Zainul Abideen V Union of India observed and has urged the State Government to take up the issue of exorbitant airfares to and from Gulf countries with the Central Government to help the Keralites employed there to meet their families.

ALLAHABAD HIGH COURT: FAMILY ENTITLED TO ISSUANCE MONEY UNDER GROUP INSURANCE POLICY IF REGISTRATION VALID ON DATE OF DEATH OF REGISTERED DEALER] UPVAT ACT

The Allahabad High Court in the case Rina Rani Rustogi v. State of U.P. And 4 Others observed and has held that if registration under the Uttar Pradesh Value Added Tax Act, 2008 was subsisting on the day of his death, his family would be entitled to insurance claim under the Group Insurance Policy.

SARDAR PATEL - THE GREAT CAPTAIN WITH A MIND OF STEEL AND VISION

On 31st October 2023, India and the world will be celebrating the 148th birth anniversary of Bharat Ratna Sardar Vallabhbhai Jhaverbhai Patel, the first Deputy Prime Minister and Home Minister of independent India.

Baghel's political ascendancy in Chhattisgarh raises party tensions

In the Rajiv Gandhi era, Kamal Nath, Ashok Gehlot and Digvijaya have had the opportunity to serve as union ministers, state party chiefs and parliamentarians when Bhupesh Baghel, a district youth Congress leader from Durg used to raise “Kamal Nath Zindabad, Digvijaya Singh zindabad.”

WFP provides food assistance to 23 million in Afghanistan

In the past year, the World Food Programme (WFP) has provided essential food assistance to 23 million Afghan citizens.

CHINA'S SEMICONDUCTOR STATE FUND INJECTS $2B INTO MEMORY CHIP FIRM

In an update to the firm’s registration information on the National Enterprise Credit Information Publicity System dated Oct. 26, it was revealed that the Big Fund,’ officially known as the China Integrated Circuit Industry Investment Fund, made a significant contribution to 33.15% of the total registered capital of Changxin Xinqiao

UAW reaches deal with GM, ends auto strike

After six weeks of a coordinated strike against the Detroit Three automakers, General Motors and the United Auto Workers (UAW) union have reached a provisional agreement, two people familiar with the situation told Reuters on Monday.

L&T Tech services adopts Gen Al for smart vehicles on AWS

L&T Technology Services said that it is utilizing generative artificial intelligence (AI) to assist international automakers in their shift to Software Defined Vehicles (SDVs) by utilizing Amazon Web Services (AWS)

APAC OIL & GAS CAPEX STABLE AMID ENERGY SHIFT: FITCH RATING

Asia-Pacific (APAC) oil and gas (O&G) producers are anticipated to maintain capital expenditure (capex) for the upstream segment, according to Fitch Ratings

Assam govt advertises state job vacancies

Chief Minister Himanta Biswa Sarma on Tuesday said that the Assam government on Tuesday had advertised various vacancies in different departments of the state. The state government has advertised 12,600 vacancies for Grade III and IV positions.

65% renewable power supply, 90% by 2050: R.K. Singh

Union Power and New & Renewable Energy Minister R K Singh, renewable energy sources have the potential to provide up to 90% of the world’s electricity by 2050 and as much as 65% of it by 2030.

Tata Motors rebounds with Rs 766 cr arbitral award

On October 31, shares of Tata Motors Limited recovered more than 2 percent to Rs 642, one day after they had dropped about 2 percent on the exchanges.

PRIME MINISTER INAUGURATES GUJARAT'S FIRST HERITAGE TRAIN

Prime Minister Narendra Modi on Tuesday flagged offa heritage trainfrom Ekta Nagar here to Ahmedabad on the National Unity Day

Auto sector's moderate growth forecast for FY24

The domestic automobile industry in India is anticipated to experience moderate growth in volumes during FY24.

INDIA'S GOLD DEMAND UP 10% AT 210.2 TONNES IN Q3

Feedback from the trade indicates that consumers have embraced the price point of Rs 60,000 per ten grams, and any reduction in this price could potentially lead to a substantial increase in demand.

After Lanka, Thailand to issue visa-free entry for Indians

According to local media reports, Indian tourists will enjoy visa-free access to Thailand for an extended period of six months, commencing on 10 November.

Adani Green Energy profit up 149% to Rs 371 cr, revenue up 80%

Adani Green Energy has reported a 150 percent high year-on-year (YoY) growth in its consolidated net profit to ₹372 crore in Q2FY24, as compared to ₹149 crores in the year-ago period and the total income jumped 53.7 percent to ₹2,589 crores

National Anthem Disrespect Case: Mumbai Court Dismisses Complaint Against Mamata Banerjee

A Mumbai court on Monday dismissed the complaint against West Bengal Chief Minister Mamata Banerjee for allegedly showing disrespect to the national anthem at an event here in 2021, citing that “no offence is made out.”

TATA MOTORS WINS ARBITRAL AWARD OF RS 766 CRORE PLUS INTEREST IN SINGUR PLANT CASE

The Tata Motors won an arbitral award on October 30 of Rs 766 crore plus interest to compensate for its investment in the now-scrapped Singur plant.

‘Wall Street Wolf’ evermore at the Indian door? A new Buy out of India’ trend risked without a Modi government

There is a US-led hegemony that Indians need to be wary of as explained in a previous piece in this paper, by this author.(US led financial hegemony Oct. 6)

Easing the burden: Positive reforms and solutions to Angel Tax issue

The guidelines governing share valuation have played a pivotal role in reducing confusion and enhancing transparency. To safeguard interests and enforce due diligence, measures have been implemented to differentiate authentic investors from fraudulent enterprises.

IMF projects slow global growth amid economic slowdown

The International Monetary Fund (IMF) has recently issued a sobering projection, revealing that global economic growth is expected to remain at a sluggish 3.0 percent in 2023, with a further decline to 2.9 percent in 2024.

World Bank's Resilient Asia Program boosts climate resilience

In an effort to address the formidable challenges of climate change and enhance environmental resilience in South Asia, the World Bank has initiated the Resilient Asia Programme (RAP).