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The rupee appreciated 6 paise to 86.06 against the U.S. dollar in early trade on Friday (July 18, 2025) on the back of a weaker greenback and a marginal drop in global crude oil prices. However, steady foreign fund outflows capped sharp gains for the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 85.99 before dropping to 86.06 against the US dollar, up 6 paise from its previous close. The rupee declined 20 paise to settle at 86.12 against the US dollar o ...Read More >
Indian Hotels Company (IHCL) saw its net profit increase by 19% year-on-year to 296 crore in the June quarter, with consolidated revenue rising 32% to 2,041 crore, demonstrating resilience amidst geopolitical disruptions and flight cancellations. Indian Hotels Company (IHCL), one of India's biggest hotel companies, saw its net profit rise 19% year-on-year to Rs 296 crore in the June quarter, driven by strong growth in revenues. Strong Revenue Performance The Mumbai-based Tata group company sa ...Read More >
Jammu, Jul 17 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah listened to the concerns, grievances, and sector-specific demands of people and delegations on Thursday as part of his public outreach initiative. He commended the contributions of each delegation in their respective fields and assured appropriate follow-up on the issues raised. "Several deputations and individuals met Chief Minister Omar Abdullah at the public outreach office 'Raabita' in Jammu today, bringing forward various d ...Read More >
Mumbai, Jul 17 (PTI) The rupee declined 20 paise to settle at 86.12 against the US dollar on Thursday amid a stronger greenback, outflow of foreign funds and volatile global crude oil prices. Selling trend in the domestic equity markets and uncertainties over the outcome of the ongoing India-US trade talks further pressured the rupee, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.93 against the US dollar and traded in the range of 85.80-86.13 during the ...Read More >
New Delhi, Jul 17 (PTI) Tyre maker CEAT Ltd on Thursday reported a 27.16 per cent decline in consolidated net profit to Rs 112.3 crore in the June quarter, impacted by higher raw material cost. The company, which had posted a consolidated net profit of Rs 154.18 crore in the first quarter last fiscal, said it will invest about Rs 450 crore in the capacity expansion of its Chennai plant. Consolidated revenue from operations stood at Rs 3,529.41 crore in the first quarter as against Rs 3,192.82 ...Read More >
New Delhi, Jul 17 (PTI) Tyre maker CEAT Ltd on Thursday reported a 27.16 per cent decline in consolidated net profit to Rs 112.3 crore in the June quarter, impacted by higher raw material cost. The company, which had posted a consolidated net profit of Rs 154.18 crore in the first quarter last fiscal, said it will invest about Rs 450 crore in the capacity expansion of its Chennai plant. Also Read | 'A Decade of Digital India' Reel Contest by Government of India: How To Participate and Win Up T ...Read More >
Mumbai, Jul 17 (PTI) The rupee declined 15 paise to settle at 86.07 (provisional) against the US dollar on Thursday amid a stronger greenback, outflow of foreign funds and volatile global crude oil prices. Selling trend in the domestic equity markets and uncertainties over the outcome of the ongoing India-US trade talks further pressured the rupee, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.93 against the US dollar and traded in the range of 85.80-86. ...Read More >
Mumbai, Jul 14 (PTI) The rupee depreciated 12 paise to close at 85.92 against the US dollar on Monday due to a rise in global crude oil prices and a strengthening greenback against major currencies overseas. Foreign fund outflows and a delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at 85.92, down 12 pai ...Read More >
New Delhi, July 14: Bhavish Aggarwal-led electric two-wheeler maker Ola Electric on Monday reported a consolidated net loss of Rs 428 crore in Q1 FY26, as revenue from operations also nosedived to Rs 828 crore -- a 49.6 per cent year-on-year decline from Rs 1,644 crore revenue in the same quarter last fiscal. The net loss widened by nearly 30 per cent (year-on-year) from Rs 347 crore net loss in Q1 FY25 for the company, according to its stock exchange filing. The e-scooter deliveries were also ...Read More >
Mumbai (Maharashtra) [India], May 4 : Ad Enterprises on Thursday posted a 137 per cent jump in its profit after tax to Rs 722 crore for the quarter ended March 31, 2023, against Rs 304.34 crore in the year-ago period. The total income of the Ad Group's flagship firm went up 26 per cent to Rs 31,716 crore during the reviewed quarter whereas its Ebitda surged 157 per cent to Rs 3,957 crore in the March quarter over the figure of the previous year's quarter. The firm added that this jump in Ebitda ...Read More >
Mumbai: Shares of Glenmark Pharmaceuticals rallied as much as 20% and made a fresh lifetime high on Friday after it announced an exclusive licensing deal between Ichnos Glenmark Innovation (IGI) and AbbVie to develop and commercialise IGI's drug used for oncology and autoimmune diseases. The stock ended at ₹2,175.0 on Friday, up 14.3%. It made a record high of ₹2,284.8 during the day. "The deal marks a turning point for Glenmark and could lead to significant re-rating of the stock," said Ariji ...Read More >
NEW DELHI: Growth in gross direct tax collections moderated to 3.2% in the fiscal year up to July 10, from 4.9% three weeks ago, driven by a slowdown in non-corporation tax. Latest data released by govt estimated gross collections of Rs 6,64,807 crore between April and July 10.Net direct tax collections - which means after refunds - are estimated to have declined 1.3% to Rs 5,62,827 crore on account of a 38% jump in refunds to Rs 1,01,980 crore. Up to June 19, when data was last released, refund ...Read More >
Mumbai, July 11 (SocialNews.XYZ) Gujarat-based manufacturers of industrial gears and material handling equipment Elecon Engineering Company Limited on Friday reported a 38.5 per cent decline in its revenue from operations on quarter-on-quarter (QoQ) basis. The company's revenue from operations stood at Rs 490.57 crore in Q1 FY26, down from Rs 797.57 crore in Q4 FY25, according to its stock exchange filing. Similarly, the company's total income also dropped by nearly 36.66 per cent, falling fro ...Read More >
Mumbai: The rupee depreciated 19 paise to 85.89 against the US dollar in early trade on Friday, after Trump announced 35 per cent tariffs on Canada from next month, denting investor sentiments. At the interbank foreign exchange, the rupee opened at 85.76 against the dollar, then touched an early low of 85.89, down 19 paise from its previous close. On Thursday, the rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar. Trump on Thursday announced a ...Read More >
Mumbai: US-based short seller Viceroy Research's report on Vedanta Resources (VRL) has no new information that has not been voluntarily shared with shareholders previously, VRL's chief executive officer Deshnee Naidoo said Thursday. "The authors of the report have compiled only part information filled with gross inaccuracies which you've also discerned as part of this meeting," Naidoo said addressing shareholders at the annual general meeting of India-listed Vedanta. On Wednesday, Viceroy Rese ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
Mumbai: Net profit of Nifty 50 companies at the aggregate level is expected to increase 4.6% year-on-year while revenue may increase 4.5% for the June 2025 quarter. Net profit is likely to show single-digit year-on-year growth for the first time in at least nine quarters amid an anticipated poor performance by select companies, including Tata Motors, IndusInd Bank and Coal India. The sample's revenue is expected to grow in single digit for the fourth consecutive quarter reflecting persistent mu ...Read More >
New Delhi [India], July 6 (ANI): India's foreign exchange reserves (forex) witnessed an uptick of USD 4.8 billion to USD 702.78 billion for the week ending June 27, after a decline in the previous week, official data released by the Reserve Bank of India showed. In the week ending 20 June, forex stood at USD 697.93 billion, down by USD 1.02 billion from the previous week. Also Read | Bhind Shocker: Porn-Addict Man Kills Wife for Refusing To Record Sex Act; Police Find Obscene Videos and Sex-En ...Read More >
Mumbai: Steelmakers who also mine their own iron ore, such as Tata Steel and Steel Authority of India Ltd (SAIL), are likely to see their margins dip more than their peers as prices of both steel and iron ore are on a downward trend, analysts said. This is because of the fixed costs associated with their mines -- in contrast to players like Jindal Steel and Power Ltd and JSW Steel Ltd -- who buy raw material from third party suppliers, thus exporting a part of the margin squeeze to these vendor ...Read More >
Mumbai, Jul 3 (PTI) The rupee depreciated 8 paise to 85.70 against the US dollar in early trade on Thursday amid renewed headwinds from global risk sentiment and persistent foreign fund outflows. Forex traders said the rupee was trading in a narrow range largely due to RBI's cautious strategy as any dip in USD-INR is likely to be met with dollar buying by the RBI, not only to manage maturities but also to rebuild its intervention cushion. This persistent demand for dollars by the central bank ...Read More >
CHENNAI: The Tamil Nadu Anti-Terrorism Squad (ATS) of the state police on Tuesday said it has arrested two accused wanted in several bomb blasts and communal murder cases after being on the run for over 25 years. The key accused among the two is Abubacker Siddique of Nagore. He is allegedly involved in the attempt to plant a pipe-bomb during the rath yatra of former home minister LK Advani in Madurai in 2011, among others. Other cases he is allegedly involved include the bomb blast at Hindu Mun ...Read More >
New Delhi [India], July 2 (ANI): The Indian rupee is expected to trade in the range of 85.25-86.25 against the US dollar in the near term, according to a recent report by Bank of Baroda. The report stated that a trade deal between India and the United States will be positive for the rupee and may help support its value further. 'We expect INR to trade in the range of 85.25-86.25/USD in the near term. A trade deal between India and the US will be positive for the rupee,' the report noted. Howe ...Read More >
Mumbai, June 27 (SocialNews.XYZ) Rajputana Stainless Limited which filed paper for an IPO comprising 2.09 crore equity shares through a book-building process has reported a decline of approximately 3.99 per cent in revenue in FY24. The company's revenue from operations stood at Rs 909.8 crore in FY24, down from Rs 947.67 crore in FY23, according to its Draft Red Herring Prospectus (DRHP). Total income also slipped by around 3.7 per cent to Rs 915.5 crore in FY24, compared to Rs 950.69 crore in ...Read More >
Bhubaneswar: Hundreds of junior school teachers from across the state Friday staged a protest here demanding regularisation of their services and withdrawal of contractual appointment system. Holding posters and banners against the contractual appointment of junior teachers in schools, the teachers, including women, demonstrated at Mahatma Gandhi Marg here. The teachers, representing various schools across the state, demanded immediate regularisation of their posts and scrapping of the contract ...Read More >
Mumbai: India's forex reserves dropped by $1.237 billion to $691.485 billion for the week ended May 30, the RBI said on Friday.The overall reserves had jumped by $6.992 billion to $692.721 billion in the previous reporting week. The forex reserves had touched an all-time high of $704.885 billion in end-September 2024. Earlier in the day, RBI Governor Sanjay Malhotra said that at $691.5 billion, the reserves are sufficient to fund more than 11 months of goods imports and about 96 per cent of ext ...Read More >
Mumbai, Jun 5 (PTI) The rupee snapped its two-day losing streak and closed 8 paise higher at 85.79 against the US dollar on Thursday, supported by positive domestic equities and a rise in Asian currencies. Forex traders said overnight softening of crude oil prices favoured the rupee. However, a strong US dollar index capped sharp gains. Besides, market participants are now keenly awaiting the outcome of the Reserve Bank of India's (RBI's) monetary policy meeting for further cues, they said. A ...Read More >
New Delhi [India], June 5: Reviewing your car insurance isn't just a yearly formality -- it's a smart way to keep your coverage in sync with how you drive your four-wheeler. Whether you've moved cities, upgraded your car, changed your commute, or bought a second-hand vehicle, your policy should reflect those changes. A regular review ensures your premiums, add-ons, and IDV still make sense and that you're not missing out on better deals. Thanks to online platforms, reviewing and updating your p ...Read More >
Mumbai, May 21 (SocialNews.XYZ) Haryana-based distillery Piccadily Agro Industries, maker of the 'Indri' single-malt whiskey, on Wednesday reported a 7.49 year-on-year (YoY) decline in its net profit to Rs 39.80 crore in Q4 FY25, compared to Rs 43.02 crore in the same period last fiscal (Q4 FY24). The company's revenue from operations also slipped by 4.55 per cent to Rs 271.63 crore in Q4 FY25, down from Rs 284.59 crore in Q4 FY24. Total income during the quarter dropped to Rs 273.88 crore, a ...Read More >
Mumbai, May 21: Torrent Pharmaceuticals on Wednesday reported a 0.99 per cent quarter-on-quarter (QoQ) decline in its net profit for the fourth quarter (Q4) of FY25, with earnings dropping to Rs 498 crore from Rs 503 crore in the previous quarter (Q3 FY25). The homegrown pharma company's total expenses climbed to Rs 2,252 crore, an increase of nearly 4.70 per cent on sequential basis and 4.99 per cent year-on-year (YoY). The rise was driven by higher costs across key segments. The cost of mater ...Read More >
New Delhi, Feb 4 (PTI) Finance Secretary Tuhin Kanta Pandey on Tuesday said the government has taken measures to lower fiscal deficit and delivered a non-inflationary Budget, and hoped that the RBI's monetary policy will work in tandem with fiscal policy to support growth. He also said that although rupee depreciation increases inflation on imported inputs, it also adds to export competitiveness. Pandey said that the government has bettered its fiscal deficit projections for the current fiscal ...Read More >
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