Indian domestic airline industry to log over 20% operating profit in FY25: CRISIL Ratings

Chennai (IANS) Following a near tripling of operating profit in FY24, the domestic airline industry will see its operating profit to touch over 20% next fiscal, said credit rating agency CRISIL Ratings Ltd.

“The domestic airline industry will…

Tata Motors cuts prices of electric cars by up to Rs 1.2 lakh

New Delhi (IANS) Tata Motors on Tuesday cut the prices of its electric cars by up to Rs 1.20 lakh as the company passed on to consumers the decline in the cost of battery cells of electric vehicles.

Tata Passenger Electric Mobility will now…

Indian stock market multiplied 4 times compared to zero returns for China since 2010

Mumbai (IANS) The Chinese market’s underperformance has been stark for many years now, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

In early 2010, the Shanghai composite index was around 3,000. Now it is…

Small and mid cap indices under selling pressure as markets extends losses

New Delhi (IANS) BSE Sensex is now down more than 300 points as the markets extended losses on Monday.

BSE Sensex is now at 71,218.82 points, down 376.67 points or 0.53 per cent.

IT and pharma stocks are the few sectors holding up with…

EPFO raises interest rate on PF deposits to 8.25% for 2023-24

New Delhi (IANS) The Central Board of Trustees of the Employees' Provident Fund Organisation (EPFO) has recommended an interest rate of 8.25 per cent on Provident Fund deposits for 2023-24.

At present, the interest rate is 8.15 per cent.

Sovereign Gold Bonds to be issued from Feb 12-16

New Delhi (IANS) Finance Ministry on Friday said that the Sovereign Gold Bonds 2023-24 (Series IV) will be opened for subscription during February 12-16, with settlement date as February 21.

The gold bonds will be issued by the RBI at a price…

Sensex tanks more than 600 points after RBI credit policy

New Delhi (IANS) BSE Sensex tanked more than 600 points after RBI announcement of credit policy with banks leading the fall.

Sensex was trading at 71,523.08 points down by a massive 628.92 points or 0.87 per cent.

Axis Bank, ICICI Bank,…

RBI leaves repo rate untouched at 6.5% for 6th time in a row

Mumbai (IANS) The RBI on Thursday left the repo rate unchanged at 6.5% for the sixth consecutive time as part of its policy to keep inflation in check and at the same time spur growth in the economy.

Five out of six members of the Monetary…

India's smartwatch shipments grow 50% in 2023, Fire-Boltt leads: Report

New Delhi (IANS) India’s smartwatch shipments have witnessed 50 per cent (year-on-year) growth in 2023, with Fire-Boltt leading the market, a new report said on Wednesday.

According to Counterpoint Research, this growth was fueled by the rising…

Nestle net profit up 4% at Rs 656 crore for Oct-Dec

Delhi (IANS) Nestle India on Wednesday reported a 4.4 per cent rise in net profit at Rs 655.6 crore for the October-December quarter compared to the corresponding figure of Rs 628 crore in the same period of the previous year.

The company declared…