Hero MotoCorp’s Q2FY21 net profit rises by 9%
Mumbai, Oct 28 (SocialNews.XYZ) Two-wheeler major Hero MotoCorp on Wednesday reported a rise of 9 per cent in its net profit on a standalone basis for Q2FY21. The profit after tax (PAT) for the quarter…
Business
New edition of FDI policy with curbs on China released
New Delhi, Oct 28 (SocialNews.XYZ) The Ministry of Commerce on Wednesday released the latest edition of the consolidated policy for foreign direct investment (FDI), which incorporates all the measures and changes adopted by the government…
ICICI Securities’ Q2 net profit doubles to Rs 278 cr
Mumbai, Oct 28 (SocialNews.XYZ) ICICI Securities on Wednesday reported two-fold rise in its consolidated net profit for the quarter ended September at Rs 278 crore. During the same period of the last fiscal (FY20), the…
L&T’s Q2 consolidated net profit down 44.7%
Mumbai, Oct 28 (SocialNews.XYZ) Larsen & Toubro on Wednesday reported a 44.7 per cent fall in its consolidated net profit for the July-September quarter at Rs 1,410.29 crore. During the corresponding period of last fiscal…
India, UK to set up ‘Sustainable Finance Forum’
New Delhi, Oct 28 (SocialNews.XYZ) India and UK on Wednesday decided to establish the ‘India-UK Sustainable Finance Forum’. Finance Minister Nirmala Sitharaman led the Indian delegation in the 10th round of Ministerial UK-India Economic and…
Axis Bank’s Q2 net profit rises to Rs 1,683 cr
New Delhi, Oct 28 (SocialNews.XYZ) Lending major Axis Bank on Wednesday reported a net profit of Rs 1,683 crore for the second quarter (Q2) of 2020-21. The lender had posted a net loss of Rs…
Global slide, Bihar polls subdue Indian markets
New Delhi, Oct 28 (SocialNews.XYZ) Heavy selling pressure, triggered by global cues, along with local political developments, led to the Indian equity benchmark indices plunging on Wednesday. The slide in domestic markets came after shares…
Finance Commission on course to finalise report by Oct 30
New Delhi, Oct 28 (SocialNews.XYZ) The 15th Finance Commission is well on course to complete the final report for 2021-2026 by the mandated deadline of October 30, said an official statement. On Wednesday, the commission’s…
Radico Khaitan’s Q2 net profit down 6.6%
New Delhi, Oct 28 (SocialNews.XYZ) Spirit maker Radico Khaitan on Wednesday reported a 6.6 per cent fall in its consolidated net profit for the July-September quarter at Rs 74.67 crore. During the corresponding period of…
Private investigator hired by Adani photographed Aussie activist’s daughter on way to school: Report
New Delhi, Oct 28 (SocialNews.XYZ) A private investigator working for Adani took covert photographs of Australian environmental activist walking his daughter to the primary school, The Guardian reported. The report said the affidavit of the…
Tata Steel’s overseas plants back to high utilisation: CEO
New Delhi, Oct 28 (SocialNews.XYZ) Tata Steel has returned to 100 per cent capacity utilisation in India and its overseas plants are also getting closer to normal production, CEO and Managing Director T.V. Narendran said….
Power shock: Uday didn’t check discom losses, RBI says another bailout needed
New Delhi, Oct 28 (SocialNews.XYZ) One of the biggest reforms in the power sector, the Uday or the Ujjwal Discom Assurance Yojana, has failed to nursing the stressed electricity discoms back to health. Rather than…
SBI raises $1bn JBIC loan to finance Japanese auto entities in India
New Delhi, Oct 28 (SocialNews.XYZ) Country’s largest commercial bank, State Bank of India (SBI) has signed a loan agreement amounting to up to $1 billion with the Japan Bank for International Cooperation (JBIC). Out of…
‘Smooth digital transactions key to business survival in pandemic’
New Delhi, Oct 28 (SocialNews.XYZ) A new global and India study by the Economist Intelligence Unit for TransUnion has overwhelmingly found the key to whether or not companies go out of business hinges on providing…
Alstom becomes first company to get certification for onboard ETCS 1 standards
New Delhi, Oct 28 (SocialNews.XYZ) French railway giant Alstom has become the first company to be fully certified for the latest onboard and trackside European Train Control System (ETCS) 1 standards, which will improve safety,…
US investors urge SEBI to bring reforms in IPO norms
Mumbai, Oct 28 (SocialNews.XYZ) Investors and other market stakeholders from US have asked India’s capital market regulator SEBI to bring in reforms in the regulations for initial public offering (IPO), a statement said on Wednesday….
Centre must not victimise Punjab farmers: Sukhbir Badal
Chandigarh, Oct 28 (SocialNews.XYZ) Shiromani Akali Dal (SAD) President Sukhbir Badal on Wednesday said the Union government should not victimise farmers for agitating against the Central agricultural laws by refusing to pay the rural development…
New National Retail Trade Policy in final stages: Minister
New Delhi, Oct 28 (SocialNews.XYZ) The government is in the final stages of preparing a new National Retail Trade Policy, Minister of State for Commerce and Industry Som Parkash said on Wednesday. “We are in…
V-Guard’s Q2 FY 2020-21 revenue remains flat Y-o-Y
New Delhi, Oct 28 (SocialNews.XYZ) Consumer electrical and electronics company V-Guard Industries Ltd on Wednesday announced its unaudited financial results for July- September 2020 period, wherein its Consolidated Net Revenue from operations stood flat at…
Haryana RERA penalises several realtors for malpractices
Chandigarh, Oct 28 (SocialNews.XYZ) Acting tough, the Haryana Real Estate Regulatory Authority has penalised several colonisers for indulging in malpractices. The RERA bench, headed by its Chairman K.K. Khandelwal and member S.C. Kush, on Tuesday…