Bajaj Allianz Life logs Rs 457cr net for 9 months
Chennai, Feb 23 (SocialNews.XYZ) Private life insurer Bajaj Allianz Life Insurance Company Ltd on Friday said it had earned a net profit of Rs 457 crore and earned a gross premium of about Rs 14,860…
Economy
Pernod Ricard India, Maha govt sign MoU for 200 mn euro malt spirits distillery
New Delhi, Feb 23 (SocialNews.XYZ) Pernod Ricard India, a leader in the wine and spirits industry, on Friday signed Memorandum of Understanding (MoU) with the government of Maharashtra to set up a malt spirits distillery…
RBI allows Prepaid Payment Instruments across public transport systems
Mumbai, Feb 23 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Friday issued direction to permit authorised banks and non-banks to issue PPIs for making payments across various public transport systems with immediate effect. Public…
NTPC’s first solar project begins commercial ops
New Delhi, Feb 23 (SocialNews.XYZ) The first solar project of NTPC Renewable Energy Ltd. (NTPC-REL) at Chhattargarh in Rajasthan has started commercial operations of 70 MW capacity, according to an official statement issued on Friday….
Gurugram civic body to seal tax defaulter’s property
Gurugram, Feb 23 (SocialNews.XYZ) The Municipal Corporation of Gurugram (MCG) has launched a drive against those who have not paid property tax for a long period, officials said on Friday. Under the campaign, the civic…
India does not rush into freed trade pacts: Goyal
New Delhi, Feb 23 (SocialNews.XYZ) Commerce & Industry Minister Piyush Goyal on Friday said that the government does not rush to conclude trade negotiations, but follows a careful and calibrated approach because Free Trade Agreements…
Nifty hits new high before closing at day’s low (Ld)
Mumbai, Feb 23 (SocialNews.XYZ) Domestic equities traded lackluster on Friday despite Nifty touching a new high of 22,297 intra-day for the fifth consecutive session, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial…
Nifty closes at day’s low on profit booking
Mumbai, Feb 23 (SocialNews.XYZ) Nifty opened higher but failed to sustain the morning momentum, leading to a closing at the day’s low due to profit booking on Friday, said Rupak De, Senior Technical Analyst at…
Bank deposits losing attractiveness as govt savings schemes see strong growth
New Delhi, Feb 23 (SocialNews.XYZ) Global brokerage Goldman Sachs has flagged multiple headwinds to deposit growth in Indian banks as it loses its attractiveness. It has cited head winds like strained financial savings, the rise…
India’s GDP to log 6.4% growth in Q3 FY24
Chennai, Feb 23 (SocialNews.XYZ) Government owned mortgage lender Bank of Baroda (BOB) on Friday predicted India’s gross domestic product (GDP) in Q3 FY24 to grow at 6.4 per cent on the back of subdued growth…
BSE, NSE issues penalty notices to HAL for not having sufficient independent directors
Chennai, Feb 23 (SocialNews.XYZ) Public sector Hindustan Aeronautics Ltd (HAL) has received penalty notices of Rs 542,800 each from India’s two stock exchanges-BSE and NSE- for not having sufficient number of independent directors on its…
Goldman Sachs downgrades key banking stocks, says goldilocks period over
New Delhi, Feb 23 (SocialNews.XYZ) Marquee global brokerage Goldman Sachs has downgraded key Indian banking stocks and cut earnings estimates across the coverage universe by 5 per cent/2 per cent on average over FY25E/26E. Goldman…
Sona BLW Precision shares flare up
Chennai, Feb 23 (SocialNews.XYZ) The share price of automobile components maker Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday flared up to touch a high of Rs 648 after its closing at Rs 613.25…
Over 100 countries to participate in Bharat Tex 2024 in Delhi
New Delhi, Feb 23 (SocialNews.XYZ) Bharat Tex 2024, to be inaugurated by Prime Minister Narendra Modi on February 26, is set to be India’s largest global textile event with the participation of buyers from 100…
Govt amends Electricity Rules: Timeline for new connections cut, setting up rooftop solar units turns easier
New Delhi, Feb 23 (SocialNews.XYZ) The government has approved amendments to the Electricity (Rights of Consumers) Rules that will further reduce the timeline for getting new electricity connections and simplify the process of setting up…
Nifty 500 companies deliver strong performance in Q3
New Delhi, Feb 23 (SocialNews.XYZ) The Nifty 500 companies delivered strong performance and reported an earnings growth of 25 per cent YoY in 3QFY24, as per a report by Motilal Oswal Financial Services. The earnings…
PM Modi to roll out Rs 600cr worth projects in Chhattisgarh to speed up coal evacuation
New Delhi, Feb 23 (SocialNews.XYZ) In line with India’s commitment to strengthening energy security and furthering sustainable development, Prime Minister Narendra Modi is scheduled to virtually inaugurate three key first mile connectivity projects of South…
Strong earnings report from Nvidia bolsters optimism on Wall Street
New York, Feb 22 (SocialNews.XYZ) US stocks soared higher on Thursday after a strong earnings report from tech giant Nvidia bolstered investor optimism on Wall Street, a media report said. The blue-chip Dow Jones Industrial…
Number of stocks with over $1 bn M-cap nearly doubled to 500 since 2019
New Delhi, Feb 22 (SocialNews.XYZ) The market depth in India has increased considerably over the last few years with the number of stocks with more than $1 billion market cap nearly doubling to 500. While…
Strong domestic fund flows mitigated impact of FII selling in last two months
New Delhi, Feb 22 (SocialNews.XYZ) Strong economic growth, range-bound crude prices and strong DII flows have mitigated the impact of FII selling during the past two months, as per a report by Prabhudas Lilladher. BSE…