India's steel exports clock double digit growth in October

New Delhi (IANS) India's steel exports recorded a double-digit growth of 11 per cent in October compared to the previous month, indicating an improved outlook for the sector, according to data compiled by the Ministry of Steel.   

While…

Asian Paints posts huge 42.4 pc net profit drop at Rs 694 crore

New Delhi (IANS) Asian Paints Ltd on Saturday posted a huge 42.4 per cent drop in net profit at Rs 694.6 crore in the July-September period (Q2 FY25), from Rs 1,205.4 crore in the year-ago period. 

Revenue also decreased 5.3 per cent to Rs…

Apple plans 1st-ever research subsidiary in India amid diversification push

New Delhi (IANS) Firming up its India presence as Apple diversifies its vast supply chain and research outside of China, the iPhone maker has set up a new research and development subsidiary in the country. 

The research and development facility…

India’s forex kitty at $684.8 billion, gold reserves rise by $1.2 bn

Mumbai (IANS) India's foreign exchange reserves fell by $2.6 billion to $682.13 billion as of November 1, data released by the Reserve Bank of India (RBI) showed on Friday.  

However, gold reserves, which form part of the foreign exchange…

India’s financial conditions in comfort zone despite FPI outflows: Crisil

New Delhi (IANS) Domestic financial conditions in India are in the comfort zone despite foreign portfolio investor (FPI) outflows, according to a Crisil report on Friday. 

After record-high FPI inflows in September, October logged the highest…

Indian stock market opens flat after US Fed rate cut

Mumbai (IANS) The Indian benchmark indices opened flat on Friday after the second consecutive rate cut by the US Fed, as selling was seen in auto, PSU bank, media, oil and gas sectors. 

Sensex was trading at 79,522.39 after slipping 19.40 points…

PUBG maker Krafton clocks 42.6 pc loss in net profit in Q3

Seoul/New Delhi (IANS) Krafton, a South Korean gamemaker known for its smash-hit title PUBG: Battlegrounds, said on Thursday its third-quarter net profit tumbled due to foreign exchange losses. 

The company posted 121.4 billion won ($86.9 million)…

SC orders liquidation of Jet Airways

New Delhi (IANS) The Supreme Court on Thursday ordered liquidation of cash-strapped Jet Airways, saying that the resolution plan, approved five years ago, is no longer capable of implementation. 

A Bench, headed by CJI D.Y. Chandrachud, allowed…

Mahindra clocks 13 pc jump in Q2 net profit as SUV, tractor sales surge

New Delhi (IANS) Auto major Mahindra and Mahindra (M&M) on Thursday reported a 13 per cent rise in its standalone net profit for the July-September quarter at Rs 3,841 crore, driven by higher sales of SUVs and a revival in the demand for tractors. 

India’s smaller cities drive online sales during festive season: Report

New Delhi (IANS) There has been a 49 per cent surge in online sales during the festive season this year driven mainly by purchases from smaller cities (Tier-II and Tier-III) in the country, which account for over 60 per cent of sales, according to…