New India Assurance reports Q2 net profit at Rs 71 cr
NEW DELHI, Oct 30: New India Assurance on Wednesday reported a net profit of Rs 71 crore for the second quarter ended September 2024. The state-owned general insurer had booked a net loss of…
Category: Business
Sebi issues Rs 154.5 cr demand notices to RHFL’s promoter, 5 others in fund diversion case
NEW DELHI, Oct 30: Sebi on Wednesday sent demand notices to six entities, including Reliance Home Finance’s promoter entity, asking them to pay Rs 154.50 crore for diversion of funds from the company. The…
Tata Power board approves Rs 5,666 cr for 1,000 MW pumped storage project
NEW DELHI, Oct 30: Tata Power on Wednesday said its board has approved Rs 5,666 crore investment for setting upa 1,000 MW pumped storage hydro project. The company aims to set up the project…
DCM Shriram posts 95 pc jump in Q2 net profit on strong sales
NEW DELHI, Oct 30: DCM Shriram Ltd reported a 95.16 per cent increase in consolidated net profit at Rs 62.92 crore in the second quarter of fiscal 2024-25, compared to Rs 32.24 crore in the…
Sensex, Nifty decline on selling in banking, financial stocks; weak global trends
MUMBAI, Oct 30: Benchmark equity indices Sensex and Nifty declined on Wednesday, dragged down by banking and financial stocks amid weak trends in global markets. Besides, weak earnings numbers and persistent foreign fund outflows…
Rupee falls 4 paise to close at 84.09 against US dollar
MUMBAI, Oct 30: Rupee depreciated 4 paise to close at 84.09 (provisional) against US dollar on Wednesday, weighed down by weak domestic markets and month-end dollar demand from importers. Forex traders said suspected intervention…
Petrol, diesel commission hiked; no change in retail price
NEW DELHI, Oct 30: Commission paid to petrol pump dealers on sale of petrol and diesel has been hiked without change in retail price but rates will go down in several places in states such…
Goyal meets Schneider Electric CEO in Riyadh; discusses firm’s investment plans for India
NEW DELHI, Oct 30: Commerce and Industry Minister Piyush Goyal on Wednesday held a meeting with Peter Herweck, CEO of energy management and automation major Schneider Electric in Riyadh and discussed the company’s investment plans…
Ola Electric boosts service capacity by 30 pc; adds over 50 centres, 500 technicians
BENGALURU, Oct 30: India’s biggest e-scooter maker Ola Electric has ramped up capacity at its service centres across the country by over 30 per cent to transform its service and elevate the after-sales experience of…
Iran lifts its ban on imports of new iPhone models in place since last year
TEHRAN, Oct 30: Iranians will soon be able to get their hands on iPhones 14, 15 and 16 after authorities lifted a ban on new smartphone models by the US tech giant Apple, according to…