CATEGORIES

Vijayvargiya settles in for fight in MP

BJP will count on general secy’s help Malwa Nimar

IOB profit rises 25% on higher income

INDIAN OVERSEAS BANK (IOB) on Friday reported a 25% increase in its net profit to ₹625 crore for the second quarter of FY24, compared with ₹501 crore in the yearago period, because of higher interest and non-interest income, coupled with an improved asset quality

Oyo losses narrow to ₹1,287 cr in FY23

Aggregator closes over 5,000 hotels in push for efficiency

Goersch is new COO of Air India

TO STRENGTHEN ITS leadership team, Tata Group-promoted Air India on Friday announced several key appointments to its management. Notably, the airline announced the appointment of Captain Klaus Goersch as the executive vice president and the chief operations officer

Dimon plans to sell $141 mn worth of JPMorgan shares

JPMORGAN CHASE & Co. Chief Executive Officer Jamie Dimon plans to sell shares currently worth about $141 million, the first such transaction since he took the helm at the Wall Street giant almost 18 years ago

IDBI Bank to launch tech platform for cards

IDBI BANK WILL launch a technology platform for credit cards in the next three months, director deputy Suresh managing Khatanhar has said.

Rapido's cab-hailing services soon, parcel delivery goes live

RIDE-HAILING PLATFORM RAPIDO is foraying into the hyperlocal parcel delivery and cab service market as it looks to expand its offerings from auto and bike taxi services

Small car revival key to growth: Bhargava

IF THE SMALL car segment does not see a revival in demand, India could be staring at a low growth trend in the long term for the passenger vehicle segment, RC Bhargava, chairman, Maruti Suzuki warned on Friday

Jio profit rises 4% to ₹5,297 cr

Arpu in Q2 comes in at ₹181.7 against Street estimate of 183

Reliance Retail Q2 profit up 21%, gross revenue at new high

RELIANCE RETAIL ON Friday reported a 21% year-on-year (y-oy) jump in the September quarter profit to 2,790 crore, led by robust growth across categories

Delhi explores various options after Qatar death sentence

CAUGHT UNAWARES BY the death sentence in Qatar to eight Indian nationals, all former personnel of the Indian Navy, Delhi is faced with tough legal and diplomatic challenges as it plots a way out

IRB Infra, Cube top bidders for NHAI TOT road assets

Winning bids for 2 TOT bundles 550 cr more than under aborted round

Modi calls for self reliance in electronics supply chain

PRIME MINISTER NARENDRA Modi on Friday stressed on the need on self-reliance in the entire manufacturing chain spread across hardware, software and cyber security

Jio, Bharti upbeat on 5G, Vi to catch up

A YEAR AFTER the launch of 5G services, Bharti Airtel and Reliance Jio on Friday said that the roll out by the respective firms have been faster than any other operator in the world

Tatas to make iPhones in India

Wistron approves sale of Karnataka plant to group for 125 million

Reliance misses profit estimates

RELIANCE INDUSTRIES (RIL) on Friday reported a 27.4% year-on-year rise in its consolidated net profit at ₹17,394 crore

Creativity at a crossroads

What’s driving ad industry’s latest consolidation wave

Tesla's Cybertruck will test US political divide

WHEN TESLA INC. hands over the first of its Cybertruck electric pickups to customers on Nov. 30, it will embark on one of its toughest challenges yet: overcoming America's partisan divide over electric vehicles.

Merc, VW brace for tougher times as margins slump

THE SLOWING GLOBAL economy has started to catch up with the likes of Mercedes-Benz Group AG and Volkswagen AG, after pent-up demand gives way to the reality of surging interest rates and high inflation.

Israeli troops briefly enter Gaza as wider attack looms

ISRAEL SAID ITS ground forces had made a big push into Gaza overnight to attack Hamas targets as Prime Minister Benjamin Netanyahu said it was still preparing for a ground invasion that could be one of several.

Indian Bank profit zooms 62% on higher NII, NPAs decline

CHENNAI-BASED PUBLIC sector lender, Indian Bank on Thursday reported a net profit of ₹1,988 crore for the second quarter of FY24 as compared to ₹1,225 crore in the corresponding quarter of last fiscal, registering a growth of 62%, on the back of increased interest income and improved asset quality.

Mamaearth parent eyes offline, global expansion with IPO

HONASA CONSUMER, THE parent of beauty and personal care brands Mamaearth, Derma Co, Aqualogica, Dr Sheth's and BBlunt - on Thursday said it plans to focus on expanding offline distribution channels and venture into international markets with the proceeds of the initial public offering (IPO) that opens next week.

PNB posts four-fold rise in Q2 profit on strong advances

The state-owned bank reports a net profit of 1,756 crore

Unilever flags pricing pressure in India as inflation eases

GLOBAL CONSUMER GOODS major Unilever says the India market, its second-largest in the world, may see a deflation in pricing within skincare and fabric cleansing, as commodity inflation moderates.

Venture debt deals largely loan-driven

WITH VENTURE DEBT funds shying away from subscribing to equity warrants at high valuations, most start-ups are closing out pure-debt deals at high coupon rates.

Expect montly payment from Vi to continue: Indus Towers

INDUS TOWERS, THE country's largest mobile tower company, on Thursday said the company expects one of its largest customers - Vodafone Idea - to continue clearing its monthly bills.

Adani seeks to raise $4 bn for green hydrogen plans

In early-stage talks with several domestic and global lenders

Vodafone Idea losses widen to ₹8,738 crore

Revenue misses Street estimates

Urban demand fuels durables production

AT A TIME when rural consumption remains tepid, buoyancy in urban consumption primarily caused consumer durables production to spike to a 14-month high in August, say the experts.

Centre-airlines meet in Nov over unfair practices

AMID A SPURT in consumer grievances against airlines, the government has called a meeting of air carriers and online travel aggregators on November 8.