Greaves Cotton logs Rs 115 cr net, declares dividend of Re 0.90 per share

Chennai (IANS) Diversified engineering company Greaves Cotton closed FY23 with a net profit of Rs 115.10 crore and has declared a dividend of Re 0.90 per share.

In a regulatory filing, the company said it had closed FY23 with a net profit of…

Retail inflation falls to 18-month low of 4.70%, to remain range-bound within 5% in May-June: ICRA

New Delhi (IANS) With retail inflation sliding to an 18-month low of 4.70 per cent in April 2023, rating agency ICRA foresees the CPI inflation to remain range-bound at 4.7-5.0 per cent in May-June 2023.

According to official data, retail inflation…

Multiple factors gives nuke power major push in APAC region: Moody's

Chennai (IANS) A combination of factors like the move towards decarbonization, fuel diversification, geopolitical situations resulting in fossil fuel price hike and climate change affecting solar and wind power provide the base for expansion of nuclear…

India accounts for over 75% of Truecaller's net sales in Q1

New Delhi (IANS) India accounted for 75.5 per cent of the total net sales of Truecaller across revenue streams -- Truecaller for Business, Premium subscriptions and Ads -- in the first quarter of this year, the company said on Thursday.

The…

NCLT admits Go Airlines' petition

Chennai (IANS) The National Company Law Tribunal (NCLT) on Wednesday admitted the voluntary insolvency petition filed by the Wadia group's low cost airline Go Airlines (India) Ltd and appointed Interim Resolution Professional (IRP).

The…

Paytm beats PhonePe, GooglePay as India's highest revenue earner in mobile payments, financial services

New Delhi (IANS) Indian fintech giant Paytm on Wednesday reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year.

Just inches away from a billion dollars, Paytm's revenue puts it the…

Around 250 LMT of wheat procured during current Rabi season

New Delhi (IANS) The government has procured 252 lakh metric tonnes (LMT) of wheat so far during the ongoing Rabi marketing season (2023-24).

According to estimates released by the Department of Food and Consumer Affairs, the current wheat…

Fitch Ratings affirms India's Long Term Foreign Currency Issuer Default Rating

Chennai (IANS) India's robust growth outlook, resilient external finances, higher gross domestic product (GDP) growth, improving financial sector and other factors enabled Fitch Ratings to affirm the country's Long Term Foreign Currency Issuer…

Overall connected vehicle tech grows 60% in India in Q1

New Delhi (IANS) India's overall connected vehicle (CV) technology grew more than 60 per cent (on-year) in the first quarter of this year, with the electric vehicle (EV) market showing stupendous growth by 48 per cent YoY, a report showed on Tuesday.

Cancel licences of tax evading insurers: GIEAIA

Chennai (IANS) With about goods and services tax (GST) evasion amounting to about Rs 2,250 crore by some players in the general insurance industry, a major union in the sector has urged the government and the regulator to cancel licences of such entities.