CCI gives nod to JSW Group's acquisition of 38% stake in MG Motor India
New Delhi: The Competition Commission of India (CCI) has green-lit the proposed acquisition of up to 38 percent of MG Motor India by the JSW Group, led by Sajjan Jindal.
Finance
Bharti Airtel pays Rs 8,325 cr towards 2015 spectrum auction liabilities
Mumbai: Telecom company Bharti Airtel on Tuesday said it has made a substantial financial move by making an advance payment of Rs 8,325 crores to the Department of Telecom (Government of India).
Pradhan Mantri Suryodaya Yojana: Know about the benefits and eligibility
Prime Minister Narendra Modi unveiled the 'Pradhan Mantri Suryodaya Yojana,' a programme aimed at offering rooftop solar panels to consumers.
Corning to invest Rs 1,000 cr in Tamil Nadu to manufacture mobile phone cover glass
Chennai: The Tamil Nadu government on Tuesday announced that the American manufacturer of Gorilla Glass, Corning, has committed to investing Rs 1,000 crore to produce front cover glass for mobile phones, catering to phone parts manufacturers in India.
Sony-Zee $10 billion merger deal collapses, Zee shares slide after breakdown
After two years of stalled negotiations, Japan’s Sony Corp officially called off its planned $10 billion merger between its Indian subsidiary and Zee Entertainment Enterprises Ltd. (ZEEL) on Monday (January 22), media reports said.
Sensex crashes 1053.10 points, NSE slips to end at 21,238.80
The BSE Sensex on Tuesday tanked 1053.10 pts to settle at 70,370.55 as heavy selling was witnessed in Realty, Metal, Oil and Gas and Financial Services stocks despite positive global cues.
'A sign from the Lord': Zee CEO informs on Sony merger breakdown from Ayodhya
Ayodhya/IBNS: Zee Entertainment Enterprises Ltd (ZEEL) boss Punit Goenka Monday informed that a merger effort of his company with Japan's Sony Group Corp has fallen through while attending the Ram temple consecration ceremony in Uttar Pradesh's Ayodhya.
IDFC First Bank Q3FY23 net profit grows 18% to Rs 716 cr
Mumbai: IDFC First Bank, a private sector lender, announced a net profit of Rs 715.68 crore for the October-December quarter of the financial year 2023-24, growing 18.37 percent from Rs 605 crore in the corresponding period of the previous year.
Union Bank of India Q3FY24 net profit jumps 60% YoY to Rs 3,589; NII stands at Rs 9,168 cr
Mumbai: The state-run Union Bank of India Saturday declared a 60 percent increase in its standalone net profit, reaching Rs 3,589.91 crore for the third fiscal quarter.
KBL contributes to the majestic Shri Ram Temple with over 100 pumps
New Delhi/UNI: Indian pump manufacturing company Kirloskar Brothers Limited (KBL) has contributed over 100 pumps to the construction of the Shri Ram Temple in Ayodhya.
Kotak Mahindra Bank Q3 net profit move up 8 pc to Rs 3,005 crore
Private lender Kotak Mahindra Bank on Saturday reported 7.63% year-on-year jump in standalone net profit to Rs 3,005 crore for the October-December quarter (Q3) of the current financial year 2023-24.
South Indian Bank Q3 FY 23: Profit soras 197% YoY to Rs 305.36 cr
Thrissur (Kerala): Private sector lender South Indian Bank reported a net profit Rs 305.36 crore in Q3 FY 24, demonstrating a remarkable surge of 197.19% from Rs 102.75 crore in Q3 FY 23.
CDSL introduces multi-lingual initiatives for ease of doing business for investors
Mumbai: Central Depository Services (India) Limited (CDSL), Asia's first listed depository, has launched two unique multi-lingual initiatives for ease of doing business for investors.
Airbus Helicopters and Heligo sign services contract for H145 fleet
Hyderabad: Airbus has signed a service contract with Heligo Charter Private Limited for six Airbus H145 helicopters.
Tata Advanced Systems partners with Boeing to manufacture advanced composite assemblies
Hyderabad/UNI: Tata Advanced Systems Ltd. (TASL), a wholly owned subsidiary of Tata Sons, on Friday announced it has signed a contract with Boeing Commercial Aeroplanes (BCA) to manufacture and supply advanced composite assemblies for the Boeing 737 MAX, 777X, and 787 Dreamliner.
Q3FY24: Jio Platforms reports Rs 5,445 cr net profit, up 11.6% YoY
Mumbai: Jio Platforms Ltd, the parent company of India's largest mobile phone operator, reported a growth of 11.6 percent in its fiscal third-quarter profit compared to the previous year, reaching Rs 5,445 crore, primarily driven by a significant increase in subscribers.
Reliance Industries Q3FY24: Net profit grows 11% to Rs 19,641 cr retail, Jio, oil & gas business
Mumbai: Mukesh Ambani-led Reliance Industries reported a 10.9 percent year-on-year increase in its consolidated net profit to Rs 19,641 crore In the December quarter of the fiscal year 2023-24.
Gadkari sanctions Rs 344 cr for expansion of the Mangalore-Mudigere-Tumkur section of NH-73 in Karnataka
New Delhi: The Centre has sanctioned Rs 343.74 crore for the expansion of the Mangalore-Mudigere-Tumkur section of NH-73 to transform it into a 2-lane road with paved shoulders.
Paytm Q3FY24: Consolidated revenue soars 38% YoY to Rs 2850 cr; losses narrow down to Rs 222 cr
Mumbai: One97 Communications, the parent company of fintech firm Paytm, reported consolidated revenue of Rs 2850 crore in the quarter ending December 2023, up 38% increase compared to Rs 2062 crore in the corresponding quarter of the previous year.
World Economic Forum 2024: Ashwini Vaishnaw says India will be a major semiconductor destination in next 5 yrs
Davos: Union Minister for Electronics and Information Technology Ashwini Vaishnaw highlighted the focused initiatives undertaken by India during the World Economic Forum annual meeting.
World Economic Forum 2024: Smriti Irani advocates for consensus on watermarking AI products
Davos: The Indian delegation at World Economic Forum 2024 promoted responsible behaviour about AI, insisting on convergence or a consensus on watermarking AI products.
Sensex jumps by over 500 points
Mumbai/UNI: After three days, the BSE Sensex on Friday smartly recovered 575 pts at 71,762.7 in early trade as buying was seen across the board.
American department store chain Macy's to slash 2,350 jobs
US department store chain Macy's is laying off around 3.5 percent of its workforce and even planning to shut down five of its stores.
Union Cabinet approves MoU signed between India and EU on Semiconductors
New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi approved a Memorandum of Understanding (MoU) signed between India and the European Commission on Working Arrangements on Semiconductors Ecosystems, its supply chain and innovation under the framework of EU-India Trade and Technology Council (TTC).
Haldiram's in talks to buy majority stake in Prataap Snacks: Report
India’s popular snacks company Haldiram's is in discussions to buy a majority stake in Prataap Snacks, media reports said.
Tata Group promises major new investments, expansion plans in Telangana
Hyderabad/UNI: Tata Group on Thursday said it would make major new investments and expand its presence in Telangana.
SBI’s Basel III compliant Additional Tier 1 Bond Issuance
Mumbai: Public sector lender State Bank of India (SBI) raised Rs 5,000 crore on Thursday through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34 percent.
Coal India subsidiaries get CCEA nod for equity investments in coal-fired power projects
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Thursday approved equity investments by two Coal India Ltd (CIL) subsidiaries -- South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL) for setting up thermal power plants at an estimated cost of Rs 21,547 crore.
Sensex tanks 500 points
Mumbai/UNI: The equity market remained negative for the third consecutive session as the BSE Sensex on Thursday dropped 502.47 pts at 70,998.29 in early trade as selling was seen across the board amid weak global cues.
PLI Schemes witness over Rs 1.03 lakh crore of investment till Nov 2023
New Delhi: Production Linked Incentive (PLI) Schemes witnessed over Rs. 1.03 lakh crore of investment till November 2023, leading to production/ sales of Rs. 8.61 lakh crore and direct and indirect employment generation of over 6.78 lakhs, according to the Commerce and Industry ministry.