- Business
Strong IMFL performance boosts Radico Khaitan’s Q2 revenue by 10 pc at Rs 570 crore
New Delhi [India], Nov 6: Radico Khaitan, one of the largest spirits companies in the country, on Wednesday reported 10 per cent year-on-year increase in its net revenue at Rs 570 crore during the second fiscal quarter ending September. It had reported a net revenue of Rs 518 crore in the second qua
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Canara Bank Q2 profit up 22 pc at Rs 365 crore, asset quality improves marginally
Bengaluru (Karnataka) [India], Nov 6: Government-owned Canara Bank said on Wednesday its net profit during the July to September quarter jumped by 22 per cent year-on-year to Rs 365 crore. At the same time, operating profit grew by 9.37 per cent to Rs 2,545 crore, said a statement issued by Managing
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India will need 2,380 new commercial airplanes to handle growing passenger traffic in next 20 yrs: Boeing
New Delhi [India], Nov 6 : Global aerospace major Boeing predicted that air carriers in India will need 2,380 commercial airplanes, valued at USD 330 billion, to handle the growing demand for air travel over the next 20 years. To operate and maintain the expanding fleet, operators are expected to sp
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JSPL reports Q2 turnover of Rs 6,573 crore, EBITDA at Rs 1,255 crore
New Delhi [India], Nov 6 : Naveen Jindal-promoted Jindal Steel and Power Limited (JSPL) has reported turnover of Rs 6,573 crore during the second quarter (July to September) of current financial year on the back of varied product portfolio and sustained efforts to market and sell value-added product
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Infosys rubbishes reports of co-founders’ involvement in recent whistleblower allegations
Bengaluru (Karnataka) [India], Nov 6: IT software major Infosys on Wednesday strongly condemned what it termed as ‘mischievous insinuations’ made by anonymous sources against the co-founders and former colleagues suggesting their involvement in the recent whistleblower allegations. ̶
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Cairn Oil & Gas secures production sharing contract extension for Ravva field in Andhra Pradesh
New Delhi [India], Nov 6: The government has approved a 10-year extension of the production sharing contract to Cairn Oil and Gas of Vedanta Ltd for the Ravva block in Andhra Pradesh. The contract is now effective from October 28 for the next 10 years, Vedanta said in a statement released on Wednesd
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ADB underlines vast potential of fintech to bridge Asia’s financial divide
Manila [Philippines], Nov 6: Digital technologies can bring new opportunities to provide financial services to vast underserved populations in Asia and the Pacific, ADB Vice-President for Knowledge Management and Sustainable Development Bambang Susantono said on Wednesday. People need to be well-pre
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Sun Pharma, AstraZeneca enter into license pact for novel oncology products in China
Mumbai (Maharashtra) [India], Nov 6: Sun Pharmaceutical Industries said on Wednesday it has entered into a licensing agreement with AstraZeneca UK Ltd to introduce certain novel ready-to-use infusion oncology products in China. The agreement will help to bring cost-effective and quality drugs to pat
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Gillette India’s Q1 net profit declines on higher advertising spends
Mumbai (Maharashtra) [India], Nov 6 : Gillette India Ltd‘s profit after tax for its first quarter (July to September) stood at Rs 62 crore, down by 5 per cent due to increased spending on advertising and innovation. The company follows July to June financial year. It delivered sales of Rs 462
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Equities edge lower, Titan top drag but pharma stocks gain
Mumbai (Maharashtra) [India], Nov 6: Equity indices pulled back during early hours on Wednesday in line with Asian peers as investors awaited fresh developments on the outcome of US-China trade talks. At 10:15 am, the BSE S&P Sensex was down by 186 points at 40,062 while the Nifty 50 edged lower
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Tech Mahindra Q2 profit up 17 pc q-o-q at Rs 1,124 crore
Mumbai (Maharashtra) [India], Nov 5: IT major Tech Mahindra on Tuesday reported over 17 per cent quarter-on-quarter (q-o-q) jump in its consolidated net profit for the quarter ended September at Rs 1,124 crore. Revenue came in at Rs 9,070 crore, up 4.8 per cent q-o-q while earnings before interest,
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PMC Bank raises withdrawal limit for depositors to Rs 50,000
Mumbai (Maharashtra) [India], Nov 5: As angry depositors of Punjab and Maharashtra Cooperative (PMC) Bank took to streets on Tuesday in order to stage their protest, the Reserve Bank of India (RBI) enhanced the withdrawal limit to Rs 50,000. On October 14, the central bank had permitted the deposito
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Titan reports muted growth in Q2 profit at Rs 429 crore
Mumbai (Maharashtra) [India], Nov 5: Tata enterprise Titan said on Tuesday its standalone profit before tax for Q2 totalled Rs 429 crore against Rs 446 crore last year. The growth for second quarter was impacted due to flat growth in revenues compounded by an increase in certain overheads. The compa
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Stocks close on negative note, PNB drops by 5 pc
Mumbai (Maharashtra) [India], Nov 5: Equity indices witnessed a choppy trading session during afternoon on Tuesday and ended in the negative terrain led by losses in pharma and banking stocks. The BSE S&P Sensex closed 54 points lower at 40,248 while the Nifty 50 slipped by 24 points to 11,917.
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PNB reports profit of Rs 507 crore in Q2 FY20
New Delhi [India], Nov 5 : State-owned Punjab National Bank (PNB) on Tuesday reported a net profit of Rs 507 crore in the July to September quarter as against a loss of Rs 4,532 crore reported in Q2 FY19. It had reported a net profit of Rs 1,018.6 crore for the quarter ended June (Q1 FY20). Net inte
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Dabur India Q2 consolidate net profit up 7 pc at Rs 403 crore
New Delhi [India], Nov 5 : FMCG major Dabur India Ltd said on Tuesday its consolidated net profit grew 7 per cent to end the July to September quarter at Rs 403 crore as against Rs 377 crore a year earlier. The net profit was impacted by one-time impairment in value of investments to the tune of Rs
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Godrej Properties reports 50 pc jump in Q2 net profit at Rs 31 crore
Mumbai (Maharashtra) [India], Nov 5: Realty major Godrej Properties on Tuesday announced that its net profit has increased by 50 per cent to Rs 31 crore in the second fiscal quarter (July to September) despite a challenging business environment. The company witnessed a total booking value of Rs 1,44
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MRPL reports expanding loss in Q2 at Rs 574 crore, GRM plummets
Mangaluru (Karnataka) [India], Nov 5: ONGC subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) has reported a loss of Rs 574 crore in the second quarter of 2019-20 as against a loss of Rs 81 crore in the corresponding period of previous year. Gross refining margin (GRM) — the differenc
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Indian jewellery demand of 101.6 tonnes in Q3 one-third lower y-o-y: WGC
New Delhi [India], Nov 5: Gold jewellery demand in India fell to 101.6 tonnes during July to September, down 32 per cent from 148.8 tonnes in the same period of last year, the World Gold Council said on Tuesday. The demand suffered as consumer confidence fell further over concerns around the slowing
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New business stabilises but output remains in contraction: IHS Markit
New Delhi [India], Nov 5: Indian service sector activity declined for the second straight month in October, the first back-to-back reduction since the second quarter of fiscal year 2017-18, according to IHS Markit India Services Purchasing Managers’ Index (PMI) released on Tuesday. New busines
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