Category: Business

Business

AAIB Says ‘Nothing Ruled Out’ As Probe Examines All Possible Factors

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The Aircraft Accident Investigation Bureau (AAIB) team probing last year’s fatal Air India plane crash is examining certain components of the aircraft and assessing various aspects, and “nothing has been ruled out” in terms of the factors that could have led to the accident that killed 260 people, according to a source. In one of…

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Ashleigh Gardner, Georgia Wareham Star As Gujarat Giants Edge Mumbai Indians To Seal Eliminator Berth

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Skipper Ashleigh Gardner and Georgia Wareham starred with bat and ball as Gujarat Giants finally broke their jinx against defending champions Mumbai Indians with an 11-run victory to seal a spot in the Women’s Premier League Eliminator here on Friday. Gardner smashed a counter-punching 46 off 28 balls and Wareham struck a brisk 44 from…

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History-Chasing Novak Djokovic To Meet Carlos Alcaraz In Men’s Final After Epic Wins

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Novak Djokovic finally beat one of the two men who’ve been blocking his path to an unprecedented 25th Grand Slam singles title when he edged Jannik Sinner in five sets to reach the Australian Open final Friday. To get that coveted No. 25, he’ll have to beat the other: Top-ranked Carlos Alcaraz. They’re both chasing…

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Silver Plunges 20% In Biggest Intraday Drop Since 2008, Gold Falls Over 8%

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Gold and silver suffered their biggest slide in years, in a whipsawing reversal of a scorching rally that lifted prices to all-time highs. Gold dropped as much as 8% to crash through $5,000 an ounce, while silver plunged more than 20% in the biggest intraday drop since 2008 as the selloff swept through the broader…

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SEBI Announces Special Feb 5 Window For Transfer, Demat Of Physical Securities

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Capital markets regulator Sebi has introduced a special one-year window to allow investors to complete their pending transfer and dematerialisation of physical securities from February 5. This will help investors regularise and complete transfer-cum-dematerialisation of securities and would facilitate such investors to get rightful access to their assets. In a circular issued on Friday, Sebi…

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Bank Of Baroda Q3 Profit Rises 4.39%; Lowers FY26 Credit Costs On Strong Asset Quality

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State-run Bank of Baroda on Friday reported a 4.39 per cent increase in consolidated net profit for the December quarter at Rs 5,443 crore, helped by lower provisions as net interest margin compression held back core income growth. On a standalone basis, its net profit grew to Rs 5,055 crore as against Rs 4,837 crore…

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SEBI Simplifies Securities Credit To Demat Accounts From April 2

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Markets regulator Sebi has streamlined the process of crediting securities to dematerialised accounts by doing away with the requirement of letter of confirmation, a move that will reduce the period of transfer of securities from 150 days to 30 days. In a circular issued on Friday, Sebi said presently listed companies and registrars to an…

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Ambuja Cements Reports Highest Quarterly Revenue At Rs 10,277 Crore In Q3

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Ambuja Cements Ltd. on Friday reported its highest ever quarterly revenue of Rs 10,277 crore in the third quarter of the current financial year. The company also achieved its highest ever quarterly cement sales volume at 18.9 million tonnes, up 17% year-on-year.  Consolidated net profit jumped to Rs 378 crore from Rs 106 crore, according…

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SAIL Q3 Net Profit More Than Doubles To Rs 374 Crore

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Steel Authority of India Ltd (SAIL) on Friday posted over two-fold jump in consolidated net profit to Rs 374.03 crore, supported by higher revenues. It had reported a net profit of Rs 141.89 crore in the October-December period of the preceding fiscal, the company said in an exchange filing. The company’s total income rose over 11%…

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Former RCOM Executive Held By ED For Role In Massive Bank Loan Fraud

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The Enforcement Directorate (ED) on Friday said it has arrested former Reliance Communications (RCOM) president Punit Garg on money laundering charges in an alleged Rs 40,000 crore worth bank loan fraud case against group companies of businessman Anil Ambani. The 61-year-old Garg was taken into custody on Thursday. A special Prevention of Money Laundering Act…

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