Depository of News

Nykaa drives Falguni Nayar to be India#39;s wealthiest self-made female billionaire

Nayar, who has pipped Biocon founder Kiran Mazumdar-Shaw in terms of assets, is now the second wealthiest woman in India after Savitri Jindal. She is richer than the Muthoot family, Marico founder Harsh Mariwala, and Asian Paints’ Abhay Vakil.

Bharti Airtel, Oracle widen alliance to bring cloud solutions range to over 1 million enterprise users

Oracle will leverage #39;Nxtra#39; by Airtel#39;s data centre network to expand its cloud presence in India. Further Airtel Business will offer Oracle Cloud Infrastructure to its million plus enterprise customers, according to a statement.

Tata Motors, Mahindra Mahindra dodge chip shortage with innovation

Tata Motors and Mahindra Mahindra have lowered chip usage to reduce the waiting period, which is at 12 months for some vehicles. Tata Motors and Mahindra are estimated to have over 300,000 pending orders.

ITC Hotels new luxury brand #39;Mementos#39; to push managed property business

«Our footprint is expanding across the length and breadth of the country. The asset right strategy supports our endeavour to create and curate immersive experiences for all travellers. Brand #39;Mementos#39; helps us deliver unique luxury stays across d

HDFC to raise Rs 3,000 crore via bonds

The issue for the secured redeemable non-convertible debentures (NCDs), bearing a coupon rate of 7.10 per cent per annum, will open for subscription on November 11, 2021, and close on the same day.

Petrol, diesel prices on November 10: Fuel rates stay unchanged for 6th day in row

City Congress leaders and workers staged a protest near the Delhi Secretariat at ITO demanding that Chief Minister Arvind Kejriwal reduce VAT on petrol and diesel.

Hindustan Copper Q2 PAT rises seven-fold to Rs 68 crore

The profit after tax was Rs 67.53 crore during the current quarter as compared to Rs 9.20 crore in the corresponding quarter of the previous year, the company said.

Rajasthan govt will reduce VAT on fuel: Ashok Gehlot

Gehlot addressing a progarmme at a Jodhpur village said, «When all states have reduced the prices, we would also have to reduce it.»

PTC India Financial Services Q2 profit rises 65% to Rs 52 crore

Net Interest Margin (NIM) (Earning Portfolio) improved to 4.14 per cent in Q2FY22 compared to 3.70 per cent in Q2FY21.

India#39;s coal import 12% drops to 94 MT in April-August

India has been importing coal to bridge the gap between the requirement of coal and the domestic production in the country. The dependence on imports for coking coal mainly used in the steel sector has been predominantly due to limited domestic availability.

Petronet LNG Q2 net profit falls 11% to Rs 823.02 crore on lower volumes

Revenue jumped 70 per cent to Rs 10,894.72 crore on the back of a surge in international energy prices.

AstraZeneca Pharma India Q2 net profit declines 55% to Rs 12 crore

The company had posted a net profit of Rs 26.33 crore for the corresponding period of the previous financial year, it said in a filing to the BSE.

US producer prices rise 8.6%, matching September record high

More than 60% of the September-October increase in overall producer prices was caused by a 1.2% increase in the price of wholesale goods as opposed to services.

Indraprastha Gas Q2 Earning: Net profit jumps 30% to Rs 400 crore on higher volumes

IGL said it registered an average daily sale of 7.24 million standard cubic meters in the quarter as compared to 5.50 million standard cubic meters per day sales in the year-ago period, showing a growth of 32 per cent.

Power Grid Corporation net profit up 9% to Rs 3,376 crore in July-September

Total income of the company rose to Rs 10,514.74 crore in the quarter from Rs 9,831 crore in the same period a year ago.

Godrej Agrovet Q2 PAT up 0.5% at Rs 112.2 crore

The total income of the company increased by 25.4 per cent during the quarter under review to Rs 2,159.7 crore against Rs 1,722.6 crore a year ago.

Storied General Electric to split into 3 public companies

With its announcement Tuesday that it will spin off its healthcare business in early 2023 and its energy segment including renewable energy, power and digital operations in early 2024, General Electric may have signaled the end of the conglomerate era.

Govt notifies amended minerals concession rules

With the amended rules, the government has paved the way for releasing of additional minerals in the market by greater utilisation of mining capacities of captive mines.

Rupee pairs early gains; settles almost flat at 74.02 against US dollar

During the session, the domestic unit witnessed an intra-day high of 73.85 and a low of 74.09 against the US dollar.

IDFC posts Rs 262 crore profit for July-September

The company#39;s total income during July-September 2021-22 rose to Rs 138.93 crore from Rs 91.54 crore in the same period of 2020-21, according to a regulatory filing by the company.

Moneycontrol Pro Panorama | What is really ailing LIC?

In today’s edition of Moneycontrol Pro Panorama: Tata Motors back in the game, Eicher kicks into top gear, economy’s Diwali sparkle, the crypto talk and more

Mahindra Mahindra ‘open’ to funding for electric vehicle business once again

This is the second time that the Mumbai-based company is talking about brining an investor on board for its EV business

MRF Q2 profit dips 54% to Rs 189 crore, announces Rs 3/share interim dividend

Revenue from operations rose to Rs 4,907.81 crore in the second quarter as compared with Rs 4,244.43 crore in the year-ago period, MRF said in a regulatory filing.

Magenta sets up six EV charging hubs for e-commercial fleet vehicles in Bengaluru

These charging hubs will cater to the charging and maintenance of vehicles and come with a control panel for the fleet operators to manage and supervise the state of charging, charging schedule, and vehicle service schedule, Magenta said.

ICICI Lombard launches key initiatives to help flood affected customers in Chennai

The company, said it has proactively taken critical measures to support the customers in flood damaged regions in city and has launched SMS alerts to provide claims service to mitigate the hardships faced.

Tata Motors ties up with Bank of India for vehicle financing

Under the partnership, BOI will provide loans to Tata Motors’ customers at an interest rate starting from as low as 6.85 per cent, the company said in a statement.

HSBC exceeds China wealth hiring targets, explores India private banking re-entry

Under a strategy spearheaded by Group CEO Noel Quinn, HSBC is ploughing $3.5 billion into its wealth and personal banking business, in line with its ambition to become Asia’s top wealth manager by 2025.

IndusInd Bank – What next after the big fall?

Despite the whistleblower’s allegations, we feel the worst-case pain, too, is manageable for IndusInd Bank

Mastercard set to launch crypto-linked Payment Cards in Asia Pacific

Mastercard#39;s new partners – Thailand-based Amber Group and Bitkub, along with Australia headquartered CoinJar offer cryptocurrency purchase and exchange services in their respective domestic markets

Petrol, diesel prices on November 9: Fuel rates stay same for 5th straight day

In Mumbai, the petrol price remained unchanged and retailed at Rs 109.98 a litre.

West Bengal to host Bengal Global Business Summit in April after 2-year COVID hiatus

The business summit, a flagship programme where the state government showcases the business readiness and investment potential before the global business community, will be held on April 20-21, the official said.

McAfee to be bought by Advent-led group in $14 billion deal

The deal comes as a pandemic-driven shift to remote working and a rise in cyber attacks have spurred demand for antivirus and digital security software.

V-Mart Retail Q2 loss at Rs 14 crore

The value fashion and lifestyle products retailer had posted a net loss of Rs 18.96 crore in July-September period a year ago, it said in a regulatory filing.

GDP likely to grow at 10-10.5% in FY2022: Report

Many economic growth indicators are suggesting a faster-than-expected revival in economic activities, Brickwork Ratings said.

Wockhardt Q2 net profit zooms over 11-fold to Rs 37.17 crore

The company had posted a net profit of Rs 3.29 crore for the corresponding period of the previous fiscal, Wockhardt said in a regulatory filing.

Maruti Suzuki Smart Finance disburses over Rs 6,500 crore automobile loans

Through the platform, the company introduced a multi financier, end-to-end, online car financing solution, with a real-time loan tracking facility for its customers with features such as credit score-based interest rates, pre-approved, and custom generated lo

US bank BNY Mellon cuts ties with Adani#39;s Carmichael coal mine in Australia

The US investment bank is the latest global financial institution to distance itself from the project after a campaign by local indigenous people.

SBI Card to raise Rs 2,000 crore by issuing bonds

The money will be raised in one or more tranches, and the said issuance will be done on a private placement basis, SBI Card said in a regulatory filing.

Motherson Sumi Systems#39; board approves fundraising of up to Rs 1,000 crore via NCDs

The company’s board of directors in its meeting held on Monday approved the issuance of rated, listed, unsecured, redeemable NCDs of a face value of Rs 10 lakh each, Motherson Sumi Systems Ltd said in a regulatory filing.
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