Category: Business

Business

Adani Group Posts Record Quarterly Profit In Boost To Liquidity

August 23, 2023 admin

The profitability also buoyed the company’s liquidity. Adani Group posted record profit in the quarter that ended June on the back of its infrastructure and renewable energy businesses. The ports-to-power conglomerate said June quarterly earnings before interest, tax, depreciation and amortization jumped 42% from the same period a year ago to Rs 235 billion ($2.8…

Business

SpiceJet Goes To Court Over Rs 579 Crore Refund To Kalanithi Maran Order

August 23, 2023 admin

SpiceJet’s counsel mentioned the matter before the bench which then listed it for hearing on Thursday. New Delhi: SpiceJet and its promoter Ajay Singh Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs 579 crore plus interest to media baron Kalanithi Maran. The appeals came…

Business

What Are The Most Important Gold IRA Pros And Cons?

August 23, 2023 admin

You’ve probably heard about gold IRAs if you’re planning your retirement strategy. These special retirement accounts act as an excellent alternative to diversify your portfolio and even build your wealth in the long term. However, many inexperienced investors jump right into these accounts without knowing everything about them. Not knowing what you’re dealing with can…

Business

Markets pare early gains; trade lower amid continuous foreign fund outflows

August 23, 2023 admin

The BSE Sensex climbed 216.07 points to 65,436.10 in early trade on August 23. | Photo Credit: PTI Equity benchmark indices began the trade on a bright note on August 23 but later pared their gains to quote lower amid mixed global market trends and continuous foreign fund outflows. The BSE Sensex climbed 216.07 points…

Business

Inflation pressures may linger, but food prices to cool soon: Finanace Ministry

August 22, 2023 admin

Grocery item put on display for sale at a market, in New Delhi. File | Photo Credit: Sushil Kumar Verma India’s inflation woes are not over yet but food price spikes may be “transitory”, the Finance Ministry said on August 22, attributing the latest spike in headline inflation to global uncertainties triggered by the termination…

Business

Bharat- NCAP norms to benefit consumers, enhance safety, say automakers

August 22, 2023 admin

Representational file image | Photo Credit: B. Velankanni Raj Automobile companies and auto-component manufacturers have responded positively to the central government-initiated Bharat- New Car Assessment Programme (Bharat-NCAP) norms announced by Union Road Transport Minister Nitin Gadkari on Tuesday. “We strongly believe that it is a step in the right direction. The decision comes at a…

Business

Jio Financial Services shares decline 5% for second straight day

August 22, 2023 admin

File. | Photo Credit: Reuters Life Insurance Corporation of India (LIC) has secured 6.66% holding in Jio Financial Services Ltd. consequent to the demerger of the financial services business of Reliance Industries. It was an investment function and the shares were acquired through the demerger. The cost of acquisition was 4.68% of the demerged cost…

Business

GDP growth to be higher than RBI’s estimate of 8% for June quarter, say Economists

August 22, 2023 admin

Reserve Bank of India Governor Shasikanta Das. The RBI which expects the GDP to grow at 6.5% in FY24, has estimated a growth of 8% in the April-June period. | Photo Credit: The Hindu The country’s real GDP growth in the first quarter will be better than the Reserve Bank’s estimate of 8%, economists said…

Business