Indian Overseas Bank posts Rs 624.34 cr PAT for Q2

Chennai (IANS) Public sector mortgage lender Indian Overseas Bank (IOB) on Friday said it closed the second quarter of FY24 with a 24.75 per cent growth in net profit.

In a regulatory filing IOB said for the quarter ended September 30, it had…

Piaggio launches 3-wheeler EV in TN, town size does not matter for adoption

Chennai (IANS) The size of a city or town does not make much of a difference for the adoption of electric vehicles (EVs), particularly three wheelers, as small towns, too, log the same numbers as big cities.

Launching an electric three wheeler…

Indian Bank Q2 PAT at Rs 1,987.76 crore

Chennai (IANS) Public sector mortgage lender Indian Bank on Thursday said it closed the second quarter of FY24 with a higher net profit aided by a drastic reduction in provisions for non-performing assets (NPA)

In a regulatory filing, Indian…

Zepto’s revenue surges 1,339% in FY23, losses widen 3X to Rs 1,272 crore

New Delhi (IANS) Quick e-commerce grocery delivery platform Zepto has clocked an impressive 1,339 per cent revenue growth (year-on-year) in FY23, while its losses also widened significantly from the previous fiscal year.

In its second year…

Diversion of flows expected from small and mid-cap stocks to large-caps

New Delhi (ANS) Diversion of funds is expected from small and mid-caps to large-caps, leading to a sharp reaction in mid and small-cap category where valuations are stretched, Hitesh Suvarna of JM Financial Institutional Securities said in a report.

GST notices worth Rs 1 lakh crore issued to online gaming firms

New Delhi (IANS) The Goods and Services Tax (GST) authorities have issued show cause notices demanding as much as Rs 1 lakh crore from online gaming companies for tax evasion so far, a senior official confirmed on Wednesday.

Last week, Delta…

Sensex plunges more than 600 points to below 64K mark

New Delhi, (IANS) BSE Sensex plunged more than 600 points to breach the 64,000 points mark on Wednesday.

Sensex is down 610 points at 63,961 points.

Heavy selling in Sensex heavyweights with Infosys down 3 per cent, NTPC down 3 per cent,…

Axis Bank books Rs 5,863 crore PAT for Q2

Chennai (IANS) Private sector Axis Bank on Wednesday said it closed the second quarter of FY24 with higher net profit of Rs 5,863 crore.

In a regulatory filing Axis Bank said for the quarter ended September 30, 2023 it had earned a total interest…

COP28: 131 global cos call on world leaders to 'phase out' fossil fuels

New Delhi (IANS) About 131 global companies, representing nearly $1trillion in global annual revenue, have in a letter, ahead of the COP28, urged world leaders to address the primary cause of climate change: burning fossil fuels.

The letter…

IEA sees 10-fold leap in use of electric cars by 2030

New Delhi (IANS) The use of electric cars would increase by almost 10 times worldwide by 2030 and the share of renewables in the global electricity mix would increase to 50 per cent by 2030 from the current 30 per cent amid the shift to new clean…