HCL Technologies 3rd quarter advancement quantities defeat street estimates, but supply side expense, increments and taxation pulled down the internet revenue functionality. The 3rd quarter functionality was amplified owing to advancement in its goods and platform. The firm reported internet revenue of Rs 3,442 crore down 13.six per cent calendar […]
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Vedanta to pay Rs 5,019 crore in dividends after solid earnings
Billionaire Anil Agarwal’s Vedanta Ltd. will reward shareholders with a dividend payout for the second time this 12 months just after reporting back again-to-back again bumper profits in the previous 12 months. Vedanta approved an interim dividend of Rs 13.50 a share, totaling Rs 5,019 crore, according to an trade […]
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HCL Tech Q2 net profit rises 4% to Rs 3,259 crore
IT company HCL Technologies on Thursday claimed 4% soar in consolidated web profit at Rs three,259 crore for the quarter ending September thirty, 2021 as in opposition to Rs three,143 crore a calendar year back. Income rose eleven% to Rs 20,655 crore from Rs eighteen,594 crore a calendar year back. […]
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Zydus Cadila proposes Rs 1900 for 3 dose Covid vaccine; Govt negotiating
With talks underway in between the central governing administration and Zydus Cadila in excess of the pricing of the COVID-19 vaccine ZyCov-D, the pharma organization is learnt to have proposed a value of Rs 1,900 for its three-dose jab that can be provided to those higher than 12 a long […]
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LIVE: Rs 50k ex-gratia to kin of those who died due to Covid, says Centre
Coronavirus updates: India recorded a spike of 26,964 new Covid-19 scenarios in the earlier 24 hours. The place also witnessed 383 deaths, taking the dying toll to 445,768. So considerably, India has recorded 33,531,498 corona scenarios in whole. Delhi described 39 Covid-19 scenarios and no fatality. Kerala recorded fifteen,768 new Covid-19 […]
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LIVE: Ownership of assets with govt, says FM on Rs 6 trn monetisation plan
Finance Minister Nirmala Sitharaman will start the Countrywide Monetisation Pipeline (NMP) currently that will include the Centre’s four-calendar year strategy to monetise its brownfield infrastructure assets. The government has prepared a Rs six-trillion pipeline of assets that can be monetised, which will include a array of assets place on the […]
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Tata Steel Q1 consolidated PAT at Rs 8,907 cr vs loss of Rs 4,416 cr YoY
Tata Steel, the country’s oldest steel producer, documented a consolidated web revenue of Rs 8,907 crore in June quarter as against a decline of Rs 4,416 crore in the corresponding period of time very last calendar year on the back of enhanced income in Q1’FY22 and very low foundation on […]
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As Carlyle deal hits legal hurdle, PNB Housing plans Rs 35k-cr debt capital
PNB Housing Finance (PNB HFL) will raise Rs 35,000-crore debt as its offer with Carlyle Group has strike a lawful hurdle, with the Securities Appellate Tribunal (SAT) pronouncing a split verdict on the matter. The mortgage lender will find shareholders’ acceptance for the fundraising at its yearly normal meeting scheduled […]
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GST collection recovers to a 3-month high of Rs 1.16 trn in July
The Items and providers tax (GST) selection recovered to a a few-month substantial in July, exceeding the Rs one.one trillion mark, as financial exercise resumed with most states easing Covid-19 limitations, official info confirmed on Sunday. The far better-than-envisioned selection would provide a cushion to the government to ramp up […]
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RBI increases loan limit of bank directors to Rs 5 cr from Rs 25 lakh
The Reserve Financial institution of India on Friday increased the restrict of personalized loans given to any director of a bank to Rs five crore, from Rs 25 lakh before. The central bank amended the learn round for this, and stated except if sanctioned by the board of directors or […]
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RIL Q1 results: Consolidated net profit falls 7% to Rs 12,273 crore
Mukesh Ambani-led Reliance Industries Ltd (RIL) described a consolidated net profit of Rs 12,273 crore for the 3 months finished June thirty, 2021 (Q1FY22). This is a fall of seven.2 per cent from Rs thirteen,233 crore posted in the same period very last year (Q1FY21). Nevertheless, very last year’s June […]
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Zomato allots shares worth Rs 4,195 cr to anchor investors ahead of IPO
On the net meals delivery business Zomato on Tuesday allotted shares value Rs 4,195 crore to anchor buyers. It allotted a total of 552.seventeen million shares to shut to two hundred international as nicely as domestic buyers at Rs 76 apiece. Some of the buyers that acquired anchor allotment include […]
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DPIIT issues guidelines on Rs 6,236 crore PLI scheme for white goods
The Division for Marketing of Industry and Inside Trade (DPIIT) on Friday mentioned it will give incentives really worth Rs six,238 crore more than a period of time of five a long time for producing white products–air conditioners (ACs), LED lights–in India, a component of its manufacturing-linked incentive (PLI) plan. […]
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Amul’s RS Sodhi elected to board of global dairy body
Amul manager RS Sodhi has been unanimously elected to the board of the Worldwide Dairy Federation (IDF) all through the Standard Assembly of IDF held on June 1. The Handling Director of Amul marketer Gujarat Cooperative Milk Advertising Federation Ltd (GCMMF) was nominated by Indian Nationwide Committee to IDF, which […]
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Covid crisis: LEAF to facilitate Rs 500-cr worth of credit for marginalised farmers
Lawrencedale Agro Processing India (LEAF), an integrated agriculture services main, has claimed it would deliver in Rs 500 crore well worth of organised charge-productive credit history to marginalised tribal farmers to overcome the Covid-19 crisis. The Ooty-primarily based company claimed it is aligning with financial know-how non-banking financial corporations (NBFC) […]
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ICICI Bank’s net profit rises 260% to Rs 4,403 cr in Q4FY21; NII rises 17%
Personal sector lender ICICI Lender on Saturday documented a internet profit of Rs four,403 crore in the March quarter of FY21, up 260 per cent 12 months-on-12 months (YoY). In the exact interval past 12 months, the bank’s internet profit stood at Rs 1,221 crore. Sequentially, on the other hand, […]
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‘Have to ensure sustainability’: Serum on pricing Covishield at Rs 600/dose
Serum Institute of India cleared the air on worries expressed more than the supposedly large sector cost for its Covishield vaccine, declaring the comparison staying performed involving global prices of the coronavirus vaccine with India is inaccurate. Serum, which produces the Oxford-AstraZeneca vaccine at its Pune facility, claimed that preliminary […]
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Rs 26.50 lakh withdrawn from Vaze’s joint a/c after arrest, says NIA
The NIA has uncovered that an quantity of Rs 26.fifty lakh was withdrawn from the joint lender account of Sachin Vaze and his aide on March 18, 5 days immediately after the Mumbai law enforcement officer was arrested for his alleged function in planting an explosives-laden SUV outside the house […]
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Spectrum auction: Telcos place bids worth Rs 77,815 cr; Jio biggest buyer
The auction of telecom spectrum concluded on Tuesday and airwaves value Rs 77,814.80 cr have been purchased in two days, Telecom Secretary Anshu Prakash reported on Tuesday. The formal reported spectrum auction concluded on Tuesday at 12.45 pm following 6 rounds of bidding. Bids have been acquired in 800 MHz, […]
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IPL 2021 auction highlights: Mumbai bags Arjun Tendulkar for Rs 20 lakh
Kyle Jamieson is RCB’s 2nd big buy currently in IPL 2021 auction is New Zealand’s Kyle Jamieson. The players’ auction for the 14th edition of Indian Leading League (IPL 2021) was concluded in Chennai on Thursday with Mumbai Indians bagging Arjun Tendulkar for his base cost of Rs 20 Lakh. […]