Budget sentiments over, market’s focus now shifts to RBI MPC meet on Feb 7
New Delhi, Feb 3 (IANS) The market is expected to digest the budget announcements and shift its focus back to earnings and the forthcoming RBI monetary policy committee (MPC) meeting slated on February 7, according to a report on Monday. The MPC may go for a 25bps rate cut to further ease the liquidity in […]
States should boost biz reforms to generate higher incomes for citizens: Eco Survey
New Delhi, Jan 31 (IANS) States should focus on business reforms on a priority basis to achieve buoyancies in some industrial or service sectors, the Economic Survey 2024-25 said on Friday. The Survey specified that four states – Gujarat, Maharashtra, Karnataka, and Tamil Nadu – account for about 43 per cent of the total industrial […]
Headcount of investors in India’s capital markets leaps from 4.9 crore to 13.2 crore in last 4 years
New Delhi, Jan 31 (IANS) India’s capital markets have demonstrated strong performance, driving capital formation in the real economy, increasing the financialisation of domestic savings, and supporting wealth creation, the Economic Survey 2024-25 stated. Investor participation in capital markets has been on the rise, with number of investors growing from 4.9 crore in FY20 to […]
Nestle India’s Q3 profit jumps 6 pc, declares Rs 14.25 dividend per share
New Delhi, Jan 31 (IANS) Nestle India on Friday announced a 5 per cent increase in its consolidated net profit, at Rs 688 crore, in the third quarter of financial year 2024-25, as compared to Rs 655 crore in the same period of the last fiscal. The company witnessed profit in Q3 due to higher […]
Black Box continues to power next-gen digital infrastructure with order wins across industry verticals
Mumbai, Jan 30 (IANS) Black Box Limited, Essar’s technology arm, on Thursday, announced its order wins across industry verticals. A leading global digital infrastructure integrator, Black Box is trusted by Fortune 500 companies worldwide. Black Box, with a presence across 35 countries and six continents, empowers businesses to accelerate growth and enhance user experiences through […]
Adani Power logs 7.4 pc net profit growth in Q3, revenue up 11 pc
Ahmedabad, Jan 29 (IANS) Adani Power on Wednesday reported 7.4 per cent growth in net profit at Rs 2,940 crore in Q3 FY25, compared to Rs 2,738 crore in the same period last fiscal (FY24). Consolidated EBITDA for Q3 FY25 was higher by 23 per cent at Rs 6,185 crore compared to Rs 5,009 crore […]
Bajaj Finance Q3 profit rises 18 per cent to Rs 4,308 crore
Mumbai, Jan 29 (IANS) Bajaj Finance Limited on Wednesday reported a 18 per cent year-on-year (YoY) rise in its consolidated net profit for the third quarter (Q3) of FY25 at Rs 4,308 crore. The company’s net interest income (NII) also saw a significant rise of 23 per cent YoY at Rs 9,382 crore compared to […]
BEL bags fresh batch of orders worth Rs 531 crore
Bengaluru, Jan 28 (IANS) Navratna Defence Public Sector Undertaking Bharat Electronics Limited (BEL) has secured additional orders worth Rs 531 crore over the last two weeks, the company said in a statement on Tuesday. Major orders include advanced Composite Communication System for ship, Communication equipment, Medical Electronics, Electro Optics, Active Radar Homing Head for missiles, […]
BHEL’s net profit more than doubles in Oct-Dec quarter
New Delhi, Jan 28 (IANS) Government-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday reported a more than twofold jump in consolidated net profit at Rs 135 crore for the October-December quarter of the current financial year, according to a regulatory filing by the company. The company had posted a net profit of Rs 60.31 crore […]
Budget 2025-26: Income tax payers want FM Sitharaman to cut rates
New Delhi, Jan 26 (IANS) A pre-budget survey reveals that individual taxpayers want relief on the personal tax front to increase their disposable income in Budget 2025-26 to be presented in Parliament by Finance Minister Nirmala Sitharaman on February 1. A majority of respondents, 57 per cent, want lower tax rates, while 25 per cent […]
