New Delhi: Competitive debt financing is more advantageous than grants and is a strategic tool for advancing renewable energy projects, according to Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA) Pradip Kumar Das.
Mumbai: Suzlon Energy reported a 95.71% increase in consolidated net profit attributable to its owners, driven by higher revenue and a robust order inflow for the quarter ending September 30, 2024 (Q2FY25).
Gurugram: Tata Group-owned Air India has received the Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA) designated as CAR 21 approval, the airline said in a press release.
Mumbai: NTPC Green Energy Ltd, a subsidiary of NTPC Ltd, has received SEBI's final approval to raise Rs 10,000 crore through an initial public offering (IPO).
New Delhi/IBNS: The Central Board of Direct Taxes (CBDT) announced an extension for corporate income tax return filing for the Assessment Year (AY) 2024-25.
Mumbai: Afcons Infrastructure Ltd, the flagship engineering and construction firm of Shapoorji Pallonji Group, made its stock market debut today.
Mumbai: Bank of Baroda (BoB) reported a 23.2% year-on-year (YoY) increase in net profit for the second quarter of FY2024-25, reaching Rs 5,238 crore, driven by higher non-interest income and reduced provisions for stressed loans, media reports said.
Gurugram: IndiGo reported a loss of Rs 987 crore for the second quarter ending September 2024, slipping back into the red after posting a profit of Rs 189 crore in the same quarter last year and Rs 2,728 crore in the previous June quarter, media reports said.
Mumbai: JSW Steel Ltd Friday reported an 85% year-on-year decline in consolidated net profit for the quarter ended September 30, 2024, at Rs 404 crore, impacted by a rise in imports of cheaper finished steel that pushed domestic prices to three-year lows, media reports said.
Mumbai: Silver prices recently reached unprecedented levels, with December futures crossing the Rs 1,00,000 per kilogram mark on the Multi Commodity Exchange (MCX) for the first time.
Mumbai: Infrastructure major Larsen & Toubro (L&T) announced on Friday that it has secured a contract to implement advanced welding technologies for the ITER Organisation's nuclear fusion project, the largest in the world, located in Cadarache, Southern France.
Mumbai: Bharat Petroleum Corporation Limited (BPCL) reported a 72% year-on-year decline in consolidated net profit for Q2 FY2024-25, standing at Rs 2,297 crore due to reduced refining margins and lower crack spreads, according to a Moneycontrol report.
Mumbai: IDBI Bank reported a significant increase in its net profit, which surged by 39% to Rs 1,836 crore compared to Rs 1,323 crore in Q2 FY24.
The Indian equity market continued its fall for the gift consecutive session with the BSE Sensex touching 79,402.29 after crashing 662.87 pts on Friday.
Mumbai: Google-owned YouTube announced on Friday that it would expand its shopping feature in India by launching the YouTube Shopping affiliate programme, media reports said.
The Centre on Friday announced the limit of Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) has been enhanced from current Rs. 10 lakh to Rs. 20 lakh.
New Delhi/IBNS: Godrej Properties announced on Friday (Oct. 25) that it has emerged as the highest bidder for a prime luxury group housing plot in Gurugram, with a projected revenue potential exceeding Rs 5,500 crore.
A salary account is often seen as a straightforward banking tool for receiving monthly pay checks and managing personal finances. However, when paired with a debit card, it unlocks a world of privileges that go beyond everyday transactions. The convenience of accessing your salary instantly is just the beginning—there are numerous hidden benefits linked to the debit cards issued with salary accounts that can make banking more rewarding. With an IDFC FIRST Bank Salary Account, the associated debit cards offer not only seamless transactions but also exciting perks, privileges, insurance security, and financial freedom.
New Delhi: Uber's two- and three-wheeler services, Uber Moto and Uber Auto, are projected to generate up to Rs 36,000 crore in economic activity in India in 2024, according to the company's 2024 India Economic Impact report.
Virginia/IBNS: Boeing factory workers voted on Wednesday (Oct. 23) to reject a new contract offer, extending their strike, which has now lasted over five weeks.
New Delhi/IBNS: The International Monetary Fund (IMF), in its latest "World Economic Outlook" report, has highlighted a notable shift in global manufacturing towards emerging markets like India and China, as advanced economies face declining competitiveness.
Mumbai/IBNS: Jensen Huang, the CEO of American chip maker Nvidia, announced on Thursday (Oct. 24) that the company is collaborating with Reliance Industries to develop artificial intelligence (AI) infrastructure in India.
Mumbai/IBNS: NVIDIA Corporation’s CEO Jensen Huang announced that the company’s advanced Blackwell chips, key to its next-generation GPU architecture, will begin shipping to customers in the fourth quarter of this year.
Mumbai: The Reserve Bank of India (RBI) has approved the appointment of Pranav Chawda as the chief executive officer of JPMorgan Chase & Co.’s local banking unit for a three-year term, Bloomberg reported, citing a statement from the US lender on Wednesday.
New Delhi: The Union finance ministry is expected to decide on scrapping the windfall tax on crude oil, as falling prices have made the levy less relevant, said Prime Minister’s advisor Tarun Kapoor, media reports said.
Air India and Singapore Airlines (SIA) have agreed to significantly expand their codeshare agreement, adding 11 Indian cities and another 40 international destinations to their network.
New Delhi: Cash continues to account for 60% of consumer expenditure, though its share is steadily declining due to a post-Covid shift toward digital payments, as of March 2024, according to a study by a Reserve Bank of India (RBI) economist, reported The Economic Times.
New Delhi: The Union government on Wednesday removed the minimum export price (MEP) of $490 per tonne on non-basmati white rice exports to boost shipments.
Mumbai: Pidilite Industries exceeded profit expectations for the second quarter, driven by a slower rise in input costs, Reuters reported.
Mumbai: TVS Motor Company reported a 45 percent increase in consolidated net profit for the quarter ending September 2024 (Q2FY25), reaching Rs 560.49 crore, up from Rs 386.34 crore in the same period last year, media reports said.
