Latest news, breaking stories
CAIT said the present FDI policy clearly prohibits a foreign company to venture in any form of multi-brand retail trading including through e-commerce by having any equity interests in the sellers. Traders’ body CAIT on October 27 raised objections over Aditya Birla Fashion and Retail’s plans to raise ₹1,500 crore by issuing 7.8% stake to […]
Continue Reading
FMCG firm cautiously optimistic about demand; declares ₹14 interim dividend Fast Moving Consumer Goods (FMCG) major Hindustan Unilever Ltd. (HUL) reported a 9% increase in second-quarter net profit to ₹2,009 crore, aided by a robust performance in rural markets while demand in urban areas, especially in metropolitan cities, remained muted. Sales climbed 16% to ₹11,276 […]
Continue Reading
Total advances increased 15.8% to ₹10,38,335 crore, while gross non-performing assets were at 1.08% of gross advances HDFC Bank Ltd. reported second-quarter net profit jumped 18.4% to ₹7,513.1 crore, from ₹6,354 crore a year earlier, helped by healthy growth in loans and a narrowing of NPAs. The private lender’s net revenue (net interest income plus […]
Continue Reading
Both will coexist: BookMyShow COO With theatres across the country opening up from Thursday, Ashish Saksena, COO — Cinemas at BookMyShow, said he expected producers and audience to prefer theatres for new movie releases over OTT players such as Amazon Prime and Netflix. He, however, added that both platforms would continue to coexist. “I don’t […]
Continue Reading
Mr. Puri said the bank is doing well, has sufficient capital and does not have any strain in the loans that it has made HDFC Bank Managing Director and Chief Executive Officer Aditya Puri has assured employees of the country’s largest private sector lender that their jobs and bonuses are secure. Even as the COVID-19 […]
Continue Reading
Delhi, Mumbai, Pune markets contract The office market in India witnessed a net absorption of 5.4 million sq. ft. in the quarter ended September, an increase of 64% compared with the quarter ended June, according to estimates by JLL. The rebound in growth was led by Bengaluru and Hyderabad, which together accounted for almost 80% […]
Continue Reading
On exports, 40% expect better prospects and 24% expect no change, it added. The Indian industry expects a steady recovery in the domestic economy driven by estimates of more than 50% capacity utilisation in the second half of this financial year — the first time since the start of the pandemic, according to the Confederation […]
Continue Reading
She passed on highly confidential information to her husband, who along with his father then traded it, reaping illicit profits of approximately $1.4 million. The Securities and Exchange Commission on Monday charged a former finance manager at Amazon.com, Inc. and two of her family members with insider trading in advance of the company’s earnings announcements […]
Continue Reading
RS Sharma – whose tenure at the helm of the Telecom Regulatory Authority of India is slated to end on September 30 – further said that at a time when internet has become all-pervasive, smartphones and devices are the medium to access software, operating system, and app stores Just as principles of net neutrality have […]
Continue Reading
Wind down Department of Financial Services, says Rajan Former RBI Governor Raghuram Rajan on Monday suggested that the government should privatise select public sector banks, set up a bad bank to deal with NPAs and dilute the Department of Financial Services’ role. The reforms are necessary to ensure growth of banking activity without the periodic […]
Continue Reading