Business
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Shree Cement to decide on FY22 interim dividend on Feb 4 Board meet
New Delhi: Cement producer Shree Cements, in its next Board meeting, which is now scheduled to be held on February 4, is expected to declare the interim dividend for FY22. Earlier, the…
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Dolo 650 breaks sales record, manufacturer turns billionaire
New Delhi: The Covid-19 pandemic has made several healthcare and pharma players billionaires and the makers of Dolo-650 — the most prescribed medicine during the pandemic having sold more than 350 crore…
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Interest subventions on home loans key to ‘Housing for All’, says NAREDCO Prez
New Delhi: With a target in hand to achieve ‘Housing for All by 2022, the Centre should consider providing full interest subvention on affordable loans for those who are purchasing their first…
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Tepid two-wheeler sales to subdue FY22 YoY domestic auto volumes: Ind-Ra
New Delhi: Tepid two-wheeler demand, along with reduced disposable income of entry-level vehicles buyers, are expected to subdue domestic sales volume in FY22 on a year-on-year basis, said India Ratings and Research…
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Shiv Sena MP urges Sitharaman to fix special interest rates for senior citizens
New Delhi: Shiv Sena leader Priyanka Chaturvedi has urged Finance Minister Nirmala Sitharaman to provide a special interest rate on bank fixed deposits for senior citizens and remove the cap on investments…
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Resident real estate sector poised for upcycle: MOFSL
New Delhi: India’s resident real estate sector is poised for an upcycle, primarily buoyed by the improved affordability, said Motilal Oswal Financial Services Limited. As per MOFSL, decadal low interest rate regime…
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Fewer launches subdue pharma market’s Dec sequential growth
New Delhi: Lower volumes along with fewer number of new launches subdued Indian Pharmaceutical Market (IPM) growth during December 2021 on a sequential basis. As per India Ratings and Research (Ind-Ra), IPM…
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Yes Bank’s Q3 net profit up over 76% YoY
Mumbai: Private lender Yes Bank on Saturday reported a rise of 76.8 per cent year-on-year in its net profit for the third quarter of FY22. The bank’s net profit rose to Rs…
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Witnessing gradual recovery in CV segment demand says Tata Motors
New Delhi: The Centre’s accelerated infra push along with healthy demand from the e-commerce sector has led to a gradual recovery in the commercial vehicle (CV) segment, said automobile major Tata Motors.…
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Reliance Q3 net jumps 41.5 pc
New Delhi: Reliance Industries on Friday reported a 41.5 percent jump in its third quarter net profit as oil, retail and telecom businesses fired on all cylinders. Net profit of Rs 18,549…
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Equities settle low on continued fund outflows; Sensex slips over 400 pts
New Delhi: Continued selling-off pressure by foreign institutional investors coupled with weakness in rupee subdued Indian equity indices on Friday. Accordingly, Sensex settled 0.7 percent or 427 points down at 59,037 points,…
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Apple lowers trade-in value for Android smartphones
San Francisco: Apple has significantly reduced the amount of discount users get when they trade in their Android smartphones for an Apple device. According to MacRumors, the company has changed the official…
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Intel to invest $20 bn on 2 new chip factories in US
San Francisco: Chip-maker Intel on Friday said it will invest more than $20 billion to build two new factories int US for advanced chipmaking, as the world grapples with semiconductor shortage. The…
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Lamborghini, Mercedes-Benz, other luxury cars see rise in sales in 2021
New Delhi: Lamborghini, Mercedes-Benz, and Porsche reported a rise in their 2021 sales. The year has been proved to be the best year for Lamborghini as it recorded all-time high sales. In…
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Walmart invites Indian sellers to expand overseas via its marketplace
Bengaluru: Retail giant Walmart on Thursday announced that it is now inviting select Indian sellers to apply to join Walmart Marketplace, a curated sellers community that serves more than 120 million US…
