Consolidated revenue from operations stood at Rs 77.57 crore in the second quarter this fiscal as against Rs 57.47 crore in the same period last fiscal.
JM Financial Q2 Results | Net profit up by 25 percent at Rs 174 crore
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Total income of the diversified group, which is into broking, investment banking, asset reconstruction, and housing and retail loans, among others, rose 20.67 per cent to Rs 969.49 crore from Rs 803.40 crore.
ECB sticks to stimulus amid rising eurozone inflation
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The ECB#39;s conditions for increasing interest rates were «not satisfied and certainly not in the near future», Lagarde said, pushing back against market expectations that a hike could come as early as 2022.
Platinum and palladium forecasts slashed after chip shortage hits auto sector
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Longer term, the phasing out of combustion engines will be worse for palladium because platinum is less dependent on the auto industry and is used in hydrogen fuel cells, said StoneX analyst Rhona O#39;Connell.
Inflation could singe Indian consumers as manufacturers hike prices
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Prices of items from tea, coffee and biscuits to toothpaste and electric components have risen 4% to 10% in the last quarter, while construction supplies, such as cement and sanitary ware, have added as much as a fifth, they said.
Biden announces $1.75 trillion US spending deal ahead of Europe trip
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The White House said Biden will lay out a compromise outline of legislation pouring $1.75 trillion into education, childcare, clean energy and other social services.
Moneycontrol Pro Panorama | IPOs sparkle on the Street ahead of Diwali
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In today#39;s edition of Moneycontrol Pro Panorama:Â Nykaa IPO hits a sweet spot, orders do the talking at LT, ITCâs recovery pushes ahead, threat to textile hopes, sticky fossil fuel prices and more
Morgan Stanley downgrades Indian equities over valuations
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The brokerage said while the country#39;s key fundamentals are positive, at 24 times forward price-to-earnings, Indian equities could see some consolidation ahead of the Fed tapering, a likely rate hike by India#39;s central bank in February, and higher energ
LT#39;s construction arm bags #39;large#39; order from CPWD
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The scope of work also involves demolition, civil works, finishes, external development, furniture, related MEP works and operation and maintenance for five years.
Sun Pharma launches drug to treat Plaque psoriasis in Canada
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The company said ILUMYA (tildrakizumab injection) has already completed a five-year study based on a pooled analysis of two Phase 3 efficacy and safety extension trials in moderate-to-severe plaque psoriasis.
Marengo Asia Healthcare invests Rs 450 crore in CIMS Hospital
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With the investment, Gurgaon-based Marengo aims to build new clinical partnerships, introduce the latest medical and technological advances, and bring global expertise to further strengthen CIMS Hospital.
Additionally, verified SMS message headers will ensure that the customers know that they are receiving the communication about their bookings and other travel details from IRCTC only, a statement said.
In a regulatory filing the company said it has raised USD 700 million for its under-construction transmission asset portfolio through the definitive agreements signed with leading international banks.
The company, that claims to have tested its HiLoad model for more than 10 lakh kilometres in the last three years, has opened bookings of the vehicle with a payment of Rs 999 on its website or at its experience centres in Delhi and Gurugram.
SpiceJet decreases weekly domestic flights by 31% for winter
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Meanwhile, Vistara, another private carrier, has increased its domestic services by 22 per cent to 1,675 weekly flights as compared to 1,376 weekly flights for 2019 winter schedule, the regulator added.
Victory of #39;new India#39;, healthcare workers spirit of all Indians: G Kishan Reddy on 100-crore jabs milestone
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Addressing a conference, he asserted that there has been no bigger confidence booster for revival of tourism than vaccination against COVID-19. The minister congratulated each and every citizen of the country, on India achieving the milestone in its vaccinati
The Executive Centre to invest Rs 200 crore to expand premium flexible office space business in India
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TEC, which entered India in 2008 with its first property in Mumbai, currently has over 30 centres with total area of nearly 1 million (10 lakh) square feet across major cities.
DHL Express opens new facility at Bangalore airport, plans to invest EUR 22 million in 10 years
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Spread over in 12,000 sq ft of space, and four times larger than the previous one, the facility can handle over 90,000 tonnes of shipment per year when operating at full capacity, the company said.
Dassault Systemes ups 2021 estimates for the third time
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The tech solutions firm now expects non-IFRS revenues of 4.80-4.83 billion euros ($5.57-5.61 billion), bringing its earnings per share (EPS) to 0.94-0.95 euros, It had previously guided for non-IFRS revenues of 4.75 to 4.79 billion euros and earnings per shar
Bharti Airtel garners over Rs 5,200 crore from first tranche of payment in rights issue
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The applicants paid Rs 133.75 per share on application, with the balance sum to be paid in two more additional calls as may be decided by the board, the company said in a regulatory filing.
Bank Holidays in November 2021: Banks to remain closed for 17 days; check list here
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Bank holidays in November 2021: According to the Reserve Bank of India (RBI) guidelines, while all banks remain closed on public holidays, regional holidays are restricted to certain states only and decided by respective state governments.
Bank of Japan projects low inflation for years, signal delay in stimulus withdrawal
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Rising commodity costs have pushed Japan#39;s wholesale inflation to a 13-year high in September. But the pass-through to households has been remarkably slow due to sluggish domestic demand, keeping consumer inflation stuck around zero.
Indian online insurer Acko raises $255 million for expansion drive
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Growth equity investor General Atlantic and Indiaâs Multiples Private Equity led the fundraising, Acko said, adding that Canada Pension Plan Investment Board, venture firm Lightspeed, and some existing investors had also participated in the round.
IRB Infraâs fundraise peeves investors, but brightens prospects for road projects
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The steep equity dilution has upset investors, but the deal will halve the standalone company#39;s debt and bring two well-known infrastructure players on boardÂ
Tata Chemicals#39; Q2 net profit jumps 88% to Rs 248 crore
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Net income rose on a consolidated basis to Rs 3,023 crore in the second quarter of the financial year 2021-22, from Rs 2,509 crore in the year-ago period.
Govt asks ministries, departments to clear Air India dues, make cash payments for tickets
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The government is divesting its 100 percent ownership of Air India and Air India Express along with its 50 percent stake in ground-handling company AISATS.
Maruti Suzuki to launch EVs only after 2025: RC Bhargava
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Stating that launching an EV would depend on market conditions, Bhargava said at present it is difficult to predict the pricing of electric vehicles, batteries, how the infrastructure is built up and «the costing is not at all in our hands».
Dalmia Bharat Q2 profit down 10% to Rs 209 crore, revenue jumps to Rs 2,577 crore
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Inspite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance, Managing Director Puneet Dalmia said.
Forex reserves surge by $58.38 billion in March-September 2021 period: RBI report
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In value terms (USD), the share of gold in the total foreign exchange reserves increased marginally from about 5.87 percent as at end-March 2021 to about 5.88 percent as at end-September 2021, it said.
Saudi Arabia licenses 44 companies to open regional headquarters in Riyadh
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Among the 44 companies are multinationals in sectors including technology, food and beverages, consulting and construction including Unilever, Baker Hughes and Siemens.
