CATEGORIES

Kotak Mahindra Bank PAT rises 67% Y-o-Y on strong loan growth

Provisions for tax rose to ₹1,133 cr in the June quarter

Paytm to generate free cash flow by year end, says CEO

FIRM REPORTED NARROWING OF LOSS IN FIRST QUARTER OF 2023

Manipur Police make fifth arrest in parading case

MANIPUR POLICE HAS arrested a fifth person, aged around 19, in connection with the May 4 parading of two women naked in Kangpokpi district of the state, officials said on Saturday.

ICC World Cup proving to be golden ticket for travel sector

Cricket frenzy boosting airfares, hotel rates 10x

ICICI Bank PAT rises 40% at ₹9,648 crore

PRIVATE SECTOR MAJOR ICICI Bank reported its June-end net profit at ₹9,648 crore on Saturday, up 40% on a year-on-year (YoY) basis, primarily led by strong growth in core net interest income (NII). This was higher than the Bloomberg estimate of ₹9,222 crore.

Go First receives claims of $2.9 bn

Creditors seek payments as part of insolvency

India, Lanka adopt vision document on economic ties

INDIA AND SRI Lanka adopted a 'vision document' for a deeper economic partnership after talks between Sri Lankan President Ranil Wickremesinghe and Prime Minister Narendra Modi here on Friday.

Xiaomi to bet big on ₹10-15k segment for 5G smartphones

SMARTPHONE XIAOMI is betting big on the Rs 10,000-15,000 MAKER device segment to regain its lost market share, a senior official of the company said on Friday.

Will infuse ₹1,200 cr into Switch Mobility: Hinduja

ASHOK LEYLAND (ALL) will infuse around ₹1,200 crore into its electrical vehicle (EV) subsidiary, Switch Mobility, in the next few months' time to take care of the company's fund requirements till such time the much-delayed external funding is finalised.

Russia hits Ukraine's grain for 4th day, practises seizing ships

RUSSIA POUNDED UKRAINIAN food export facilities for a fourth day in a row on Friday and practised seizing ships in the Black Sea in an escalation of what Western leaders say is an attempt to wriggle out of sanctions by threatening a global food crisis.

HDFC Life Q1 profit up 15%

PRIVATE SECTOR LIFE insurer HDFC Life Insurance on Friday reported a 15.31% year-on-year growth in its net profit at ₹416.72 crore for the first quarter this fiscal on a consolidated basis, aided by over 16% year-on-year increase in net premium income.

HZL Q1 profit declines 36%

HINDUSTAN ZINC (HZL), in which mining major Vedanta (VEDL) holds a majority stake, has posted a 36% fall in consolidated net profit to ₹1,964 crore for the quarter ended June, impacted by lower metal prices.

Vedanta Q1 profit falls over 40%

VEDANTA ON FRIDAY reported a 40.84% fall in its consolidated net profit to ₹3,308 crore in the April-June quarter, dragged by lower income. Its \"profit after tax before share in profit/ (loss) of jointly controlled entities and associates\" was at ₹5,592 crore in the same period of 2022-23, Vedanta said in a BSE filing.

UltraTech Q1 profit rises 7% on capacity utilisation

ULTRATECH CEMENT, THE country's largest cement producer, posted a 6.6% rise in consolidated net profit to ₹1,688.45 crore for the quarter ended June, buoyed by an increase in sales and improved capacity utilisation.

Persistent rolls out salary hikes

AMID UNCERTAINTIES AND job cuts in the IT sector, Persistent Systems has implemented a wage hike for its employees average hike of for FY24 7.5% in India and a 3.5-4% hike outside India.

Air India exploring deeper ties with Apple: CEO Wilson

TATA GROUP-BACKED AIR India is exploring opportunities with Apple for a collaboration that will be 'deeper', the airline's chief executive officer Campbell Wilson said after visiting the tech giant's Palo Alto headquarters.

Jio Platforms Q1 profit rises on user additions

ARPU RISES MARGINALLY TO ₹180.5 Q-O-Q

Uproar over Manipur stalls Parliament again, Rajnath hits back at Opposition

PROCEEDINGS IN BOTH Houses of Parliament were washed out for the second consecutive day on Friday with the Opposition vociferously demanding a discussion on the situation in violence-hit Manipur even as Defence Minister Rajnath Singh said in the Lok Sabha that the government also wants a discussion but the Opposition parties were not letting it happen.

Varanasi court orders survey of Gyanvapi mosque by ASI, keeps out area sealed by SC

THE VARANASI COURT gave directions Friday for a scientific survey of the Gyanvapi mosque premises by the Archaeological Survey of India.

Kharif sowing deficit disappears, area under paddy rises 2.7%

ONLY PULSES AREA BELOW LAST-YEAR LEVEL

Rice exporters flay ban on shipments

THE GOVERNMENT COULD have imposed minimum export prices and duties instead of banning white rice exports, exporters said on Friday. High-value rice exports should have been allowed to continue, they said.

Govt ensuring perishable items supply at affordable rates: FM

STEPS TO SUPPORT GROWTH SHOWING RESULTS

Multiplexes pin their hopes on 'Barbenheimer' magic

ONE MOVIE IS BURSTING with life-size doll houses and blowout parties. The other tells the story of the deadliest weapon in human history. One has major movie stars - Margot Robbie and Ryan Gosling while the other has the lesser-known Cillian Murphy in the title role.

PFC to lend ₹2.37 trn to 20 clean energy firms

POWER FINANCE CORPORATION (PFC) on Friday said it has entered into loan agreements worth more than ₹2.37 trillion with 20 companies in the clean energy space.

RIL profit falls 11% hit by O2C business

Decline highest in the last 11 quarters

IT washout sinks Street

INFY TOP LAGGARD WITH 42% SHARE IN SENSEX SLIDE

Billionaire-backing turns kabaddi into India's No. 2 sport

However, still a long way to go to become a global sport

No question of UCC modalities at this stage: Law Minister

WITH OVER FOUR years having passed since the 21st Law Commission issued a consultation paper on 'reform of family law', the government Thursday said views were being sought afresh on the Uniform Civil Code by the 22nd Law Commission given its relevance and importance.

Bain Capital front-runner to buy Adani shadow bank

BAIN CAPITAL HAS emerged as the front-runner to acquire a majority stake in Adani Capital in a deal pegged at about ₹1,500 crore. The deal is expected to be announced any time soon, if not this week.

Digital frauds double; RBI steps up scrutiny

All fraud cases need to be reported now