Business
Reliance Industries Generates 75,000 Jobs in Covid-19 Pandemic Year
Reliance Industries on Friday said that it has generated 75,000 new jobs during the pandemic-hit year. The company posted a net profit of Rs 13,227 Rs crore for the quarter ended March 31, 2021, a whopping 108% yearly increase. “And while COVID-19 has disrupted livelihoods, we have added nearly...
Reliance Jio Net Profit Jumps 47.5% to Rs 3,508 Crore in Q4; Adds 3.1 Crore Customers
Reliance Jio Platforms reported a 47.5% year-on-year increase in net profit to Rs 3,508 crore for the Q4FY21. The subsidiary of Reliance Industries, posted a net profit of Rs 2,379 crore in the same period last year. The revenue from operations grew 19% year-on-year to Rs 18,278 crore for...
Rahul Bajaj Steps Down as the Chairman of Bajaj Auto, Niraj Bajaj to Take Over
Rahul Bajaj, one of the most successful business leaders in the country, has finally decided to hang his boots at Bajaj Auto, the company he nurtured and steered to one of the leading firms in two and three-wheeler space. The non-executive chairman of the Pune-based two and three-wheeler maker...
Net Loss Widens to Rs 3,788 Crore; NII Declines 23%
YES Bank on Friday reported a net loss of Rs 3,787.75 crore for the quarter ended in March. The private lender posted a net loss of Rs 3,668.33 crore for the corresponding quarter last year. YES Bank’s net interest income, the difference between interest earned and interest, declined 23% to...
TCS Announces Samir Seksaria Will Take Over as New CFO
Tata Consultancy Services (TCS) on Friday announced that Samir Seksaria will take over as the its chief financial officer, effective from May 1, 2021. “The Board of Directors, at its meeting held on April 12, 2021, had appointed Samir Seksaria as chief financial officer,” India’s largest Information Technology services...
Sensex Plunges 984 pts, Ends Below 49,000; Financial Stocks Lead Sell-off
Snapping its four-session winning run, market benchmark Sensex plummeted 984 points on Friday, tracking an intense selloff in financial stocks amid a negative trend in Asian equities. The 30-share BSE index sank 983.58 points or 1.98 per cent to finish at 48,782.36. Similarly, the broader NSE Nifty tanked 263.80...
AstraZeneca Makes $275 Million in Sales from Covid-19 Vaccine
British pharmaceuticals giant AstraZeneca reported on Friday $275 million (227 million euros) in sales from its Covid vaccine in the first three months of the year. It is the first time that the company discloses figures from sales of one of the world’s leading vaccines. AstraZeneca’s Covid-19 jab was...
Axis Bank ATM Cash Withdrawal, Non-maintenance of Balance Charges to Increase from May. Know Here
Axis Bank is all set to increase several charges for its savings bank account and salary account holders, starting from May 1. From the average monthly balance requirement to cash withdrawal, there will be a host of changes from next month. If you are a customer of Axis Bank,...
Top Stocks For Investors on April 30
After gaining for four straight sessions, Indian benchmark indices are trading lower in the pre-opening session amid mixed global cues on Friday, April 30. At 09:02 IST, the BSE Sensex was down 189.42 points or 0.38 percent at 49,576.52, while the Nifty was down 149.50 points or 1.00 percent...
Yellow Metal See Steady Decline, Silver Prices On The Rise
Gold prices continue to observe a decline in Indian market on Friday, April 30. According to Good Returns, the gold rate for one gram of 22-carat in the country fell by Rs 1 at Rs 4,447 from Rs 4,448 the previous day. The price of 10 grams of 22-carat-gold...
Know When You Can Visit Your Nearby Branch
Banks in India will remain shut for up to 12 days in May 2021, which includes weekends and festivals, due to various occasions. According to the Reserve Bank of India (RBI) guidelines, all banks including the public sector, private sector, foreign banks, cooperative banks and regional banks across the...
Oil Prices Extend Gains as Demand Outlook Offsets India Concerns
Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising Covid-19 cases in India, Japan and Brazil. Brent crude for June edged up 8 cents, or 0.1%, to $67.35 a barrel by 0104 GMT while...
Jio Platforms, Byju’s in Time Magazine’s First-ever List of 100 Most Influential Firms
Two Indian firms, Reliance Industries’ technology arm Jio Platforms and e-learning startup Byju’s have figured in the Time Magazine’s first-ever list of 100 most influential companies. On its website, Time said companies shaping the future are at the heart of the first ever TIME100 Most Influential Companies. To assemble...
Top Stocks For Investors on April 29
Indian benchmark indices are expected to open higher on Thursday, April 29 as trends on SGX Nifty indicate a positive start. At 09:03 IST, the BSE Sensex was up 356.27 points or 0.72 percent at 50,090.11, while the Nifty was up 102.30 points or 0.69 percent at 14966.80, according...
Sensex, Nifty End Marginally Higher on F&O Expiry
Market benchmarks Sensex and Nifty ended marginally higher as monthly derivatives expired on Thursday amid a largely positive trend in global equities. After gyrating 840 points during the day, the 30-share BSE index finished 32.10 points or 0.06 per cent higher at 49,765.94. Similarly, the broader NSE Nifty advanced...
Gold Gains Marginally in Delhi; Silver Jumps Rs 1,776
Gold went higher by Rs 61 to Rs 46,472 per 10 gram in the national capital on Thursday, according to HDFC Securities. The precious metal had closed at Rs 46,411 per 10 gram in the previous trade. Silver also moved up by Rs 1,776 to Rs 68,785 per kg,...
Rupee Extends Gains for 4th Day, Rises 29 Paise to 74.07 Against Dollar
The rupee rose by 29 paise to close at 74.07 (provisional) against the US dollar on Thursday, extending gains for the fourth straight session amid a positive trend in domestic equities. At the interbank forex market, the local unit opened at 74.20 against the greenback and witnessed an intra-day...
Amazon to Raise Pay for 5,00,000 Workers After Failed Unionization Drive
Amazon will increase pay between 50 cents to $3 an hour for more than half a million workers on its fulfillment, delivery and sorting teams, the US tech giant announced Wednesday. The raises, which will take effect between May and June, come ahead of a federal hearing over a...
