Indian markets witness resurgence as investors' anxiety drops

Mumbai (IANS) The Indian market is resurging amid a drop in investors' anxiety as Nifty VIX contracts generously, Vinod Nair, Head of Research at Geojit Financial Services, said on Friday.

The optimism is buoyed by firm global clues, steady…

IndiGo posts Rs 189cr net profit in July-Sep quarter

New Delhi (IANS) InterGlobe Aviation, the operator of leading airline IndiGo, reported a net profit of Rs 188.9 crore for the July-September quarter on Friday to bounce back from a net loss of Rs 1,583.33 crore in the same quarter last year.

The…

Tata Steel plunges into Rs 6,511 cr loss in July-Sep quarter

New Delhi (IANS) Tata Steel reported a consolidated net loss of Rs 6,511 crore in the second quarter of 2023-24 as the company was hit by impairment charges and shrinking margins in its operations in Europe.

The company had made a net profit…

FIIs who were sustained sellers in Oct may turn buyers

New Delhi (IANS) Even though the pause decision of the US Federal Reserve was on expected lines, the commentary was not hawkish as the market feared, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Fed chief…

Indian gaming industry to reach $7.5 bn by FY28, country has 568 mn gamers

New Delhi (IANS) The Indian gaming market is likely to hit the $7.5 billion valuation mark by FY28 - a 20 per cent CAGR growth - driven by increasing in-app purchases and advertising revenues in casual and mid-core games, a new report said on Thursday.

Tata Consumer Products Q2 PAT Rs 267.79 crore, to amalgamate three subsidiaries with itself

Chennai (IANS) Closing the second quarter of FY24 with higher net profit, food and beverages company Tata Consumer Products Ltd on Tuesday said it will amalgamate three of its subsidiaries for efficient management.

In a regulatory filing, Tata…

Prices of commercial LPG cylinders surge by over Rs 100, second hike in a month

New Delhi (IANS) The Oil marketing Companies on Wednesday increased the prices of commercial LPG cylinders by Rs 101.5 which are effective from November 1 itself.

As per the revised rates, a 19 kg LPG cylinder will now be Rs 1,833 from Rs 1,731…

Rupee faces headwinds

Mumbai (IANS) The Indian rupee is facing headwinds as higher yields on US bonds and rising crude oil prices in the global market have firmed up the demand for dollars.

According to market analysts, while the Reserve Bank of India (RBI) has…

India cuts crude imports from Russia, buys more from Saudi in Oct

New Delhi (IANS) India’s crude oil imports from Russia fell by more than 4 pe rcent in October compared to September, according to figures compiled by energy cargo tracker Vortexa.

India imported 1.55 million barrels per day (bpd) of crude…

GST revenue in Oct rise 5% to Rs 1,72,003 cr over September

New Delhi (IANS) The gross GST revenue in October rose by 5.7 per cent to Rs 1,72,003 crore from Rs 1,62,712 crore in September.

Of the Rs 1,72,003 crore GST collections, Rs 30,062 crore was CGST, Rs 38,171 crore was SGST, Rs 91,315 crore (including…