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The logo of JSW is seen on the company’s headquarters in Mumbai. | Photo Credit: Reuters JSW Steel on Friday (January 24, 2025) reported over 70% fall in consolidated net profit to ₹719 crore in December quarter, mainly due to higher expenses. It had posted a net profit of ₹2,450 crore in the year-ago quarter,…
Read More “JSW Steel net profit declines 70% to ₹719 crore in Q3” »
FIIs remained net sellers in the capital markets on Thursday (January 23, 2025), as they offloaded shares worth ₹5,462.52 crore, according to exchange data. File Photo: S.R. Raghunathan/The Hindu The rupee appreciated 22 paise to close at 86.22 (provisional) against the U.S. dollar on Friday (January 24, 2025), as a decline in the U.S. dollar…
Read More “Rupee rises 22 paise to close at 86.22 against U.S. dollar” »
Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: Reuters Equity benchmarks Sensex and Nifty surrendered early gains to close with losses in a volatile session on Friday (January 24, 2025), snapping their two-day winning streak as investors pared exposure to realty, oil & gas and healthcare stocks amid a mixed trend in global…
Read More “Sensex, Nifty snap two-day rally dragged by realty, healthcare stocks” »
Representative image | Photo Credit: Getty Images The Supreme Court on Friday (January 24, 2025) refused to entertain a PIL seeking scrapping of tax deducted at source (TDS) framework under the Income Tax Act, saying this is levied “everywhere”. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar, however, permitted lawyer petitioner Ashwini…
Read More “Supreme Court refuses to entertain PIL seeking scrapping of TDS system under IT law” »
Representative image | Photo Credit: Reuters In a sobering first indicator about India’s economy in 2025, private sector activity appears to have hit the brakes in January with output and growth levels sliding to a 14-month low, as per the survey-based HSBC Flash Purchasing Managers’ Indices (PMI). Even as cost pressures intensified for firms compelling…
Read More “Private sector activity slides to a 14-month low in January: PMI” »
Ayushmann Khurrana. File | Photo Credit: Special arrangement FICCI Frames, a media and entertainment convention, has announced Ayushmann Khurrana as the ambassador for its 25th anniversary celebration. Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) has selected RISE: Redefining Innovation, Sustainability, and Excellence as the theme for the convention this year. Ayushmann…
Read More “Ayushmann Khurrana to be ambassador for FICCI Frames” »
Everstone Capital, a Singapore based private equity company, said it has acquired a majority stake in Wingify, which provides marketing technology Software as a Service (SaaS) product, Visual Website Optimizer (VWO) for an unspecified amount. “Wingify is among a select set of highly profitable, software companies emerging out of India that have carved a leading…
FIIs offloaded equities worth ₹5,462.52 crore on Thursday (January 23, 2025), according to exchange data File | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty climbed in early trade on Friday (January 24, 2025), tracking a firm trend in global markets. The 30-share BSE benchmark Sensex climbed 282.35 points to 76,802.73 in early…
Read More “Sensex, Nifty climb in early trade on global markets rally” »
On January 23, 2025, Rupee declined nine paise to settle at 86.44 against the U.S. dollar. File | Photo Credit: The Hindu Rupee appreciated 18 paise to 86.26 against the U.S. dollar in morning trade on Friday (January 24, 2025), supported by positive domestic equities and soft American currency index. Forex traders said weak crude…
Read More “Rupee rises 18 paise to 86.26 against U.S. dollar in early trade” »
Zee Entertainment. | Photo Credit: Reuters Zee Entertainment Enterprises Ltd (ZEEL) on Thursday (January 23, 2025) reported a nearly three-fold jump in consolidated net profit at ₹163.6 crore for December quarter FY25, helped by lower expenses, specially operational costs. The company had posted a profit of ₹58.5 crore for the year-ago period, ZEEL said in…
Read More “ZEEL Q3 profit jumps nearly 3-fold at ₹164 crore” »
