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Jindal Group is in talks with Vitkovice Steel to acquire a 100% stake in the Czech-based company | Photo Credit: Reuters To strengthen its global presence, homegrown Jindal Group is in talks with Vitkovice Steel to acquire a 100% stake in the Czech-based company. “The group is expected to complete the acquisition by the end…
Read More “Jindal Group in talks to acquire Czech-based Vitkovice Steel for €150 million” »
The Kerala GST department have estimated the tax evasion by Malayalam actors as around ₹8 crore. | Photo Credit: Special Arrangement “On Saturday (October 19, 2024), the Group of Ministers (GoM) on GST rate rationalisation decided to lower tax rates on 20-litre packaged drinking water bottles, bicycles and exercise notebooks to 5%, but suggested raising…
Vinayak Pai. File | Photo Credit: The Hindu Having built industrial units, hotels, hospitals, airports, dedicated freight corridors, metro rail lines, stations, data centres and power transmission lines, Tata Projects Limited, a leading EPC contractor majority owned by Tata Sons, is looking to build green hydrogen and green ammonia units as part of it’s future…
A man walks past the Kotak Mahindra Bank branch in New Delhi. File | Photo Credit: Reuters Kotak Mahindra Bank Ltd for the second quarter ended September 30, 2024 reported 5% year-on-year growth in net profit at ₹3,344 crore. Net Interest Income (NII) increased to ₹7,020 crore, up 11% Y-o-Y. Net Interest Margin (NIM) was 4.91%…
Read More “Kotak Mahindra Bank Q2 net profit rises 5% to ₹3,344 crore” »
Representational image only. File “Maharashtra’s bank employees will observe a one day strike on November 16, demanding adequate security for bank employees and bank property, and that action be taken against those who have assaulted the workers,” Union Forum of Bank Unions (UFBU) said, in a statement released on Saturday (October 19, 2024.) “Umbrella organisation…
Cooling towers are seen through a window at the Three Mile Island Nuclear power plant, during a tour by Constellation Energy, which has ordered a main power transformer for the nuclear reactor it is trying to reopen, in Middletown, Pennsylvania, U.S., October 16, 2024. REUTERS/Shannon Stapleton | Photo Credit: REUTERS The story so far: On…
Read More “Why is Big Tech scouting for nuclear power? | Explained” »
At the end of the quarter Tech Mahindra had cash and cash equivalent of ₹6,566 crore. File. | Photo Credit: Reuters Tech Mahindra Ltd for the second quarter ended September 30, 2024 reported consolidated net profit of ₹1,250 crore which is a growth of 153% over the year ago period. Revenues at ₹13,313 crore grew marginally by 3.5%…
Read More “Tech Mahindra Q2 net profit surges 153% to ₹1,250 crore” »
File photo of RBI Governor Shaktikanta Das. | Photo Credit: PTI Reserve Bank Governor Shaktikanta Das on Friday (October 18, 2024) said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary. The RBI Governor’s remark came a day after the…
The National Company Law Appellate Tribunal (NCLAT) has closed the insolvency proceedings against Jaypee Healthcare after the financial creditors’ dues were settled by Max Healthcare. The appellate tribunal’s direction to close the Corporate Insolvency Resolution Process (CIRP) against Jaypee Healthcare Ltd (JHL) came after the financial creditor submitted that they had received the amount of…
Workers monitor the production line of drip tape fittings at a factory of DAYU Water Group Co, in Jiuquan, during an organised media tour in Gansu province, China October 18, 2024. | Photo Credit: REUTERS China’s economy expanded at a slower-than-expected rate of 4.6% in the July-September quarter, the government said Friday (October 18, 2024)….
Read More “China’s economy grew 4.6% in July-September quarter, falling short of 5% target” »