Category: Business

Business

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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SEBI Streamlines Securities Transfer Process To Reduce Credit Timeline To 30 Days

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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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Business

A Quick Look At Their Market Share, Valuation, Financials

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The National Stock Exchange of India Ltd. is expected to launch its initial public offering this year, as the market regulator SEBI removed a key hurdle by issuing its no-objection certificate on Friday. The development follows years of stalemate on the IPO process due to the co-location case and regulatory scrutiny. NSE is both India’s largest…

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US Judge Tosses Luigi Mangione Charge That Could Carry Death Penalty

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Luigi Mangione won a significant legal victory when a federal judge dismissed a murder charge that could have led to the death penalty if he were convicted in the killing of UnitedHealth Group Inc. executive Brian Thompson. US District Judge Margaret Garnett ruled Friday that prosecutors cannot pursue a murder charge that could have led…

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Ajit Pawar’s Wife Sunetra To Take Oath As Maharashtra’s New Deputy Chief Minister: Sources

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Sunetra had challenged Ajit’s cousin Supriya Sule, who was the sitting MP from Baramati, during the 2024 Lok Sabha Elections. She was unsuccessful in her bid back then. Once she takes oath as the deputy chief minister, she will be required to get elected to either of the two wings of Maharashtra’s legislature. Sunetra would be…

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Business

Wall Street Opens Under Pressure After Trump Picks New Fed Chair

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Wall Street indices opened under pressure on Friday, after US President Donald Trump announced Kevin Warsh, a known “inflation hawk”, as the next Federal Reserve chair. In the early minutes of trade, S&P 500 was down 0.29%, or 20.14 points, at 6,945.79, whereas the tech-heavy Nasdaq Composite slipped 0.26%, or 61.58 points, to 23,623.54. The Dow…

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