CATEGORIES

Parliament winter session from Nov 25

The Winter session of Parliament is scheduled to begin on November 25 and continue till December 20, Parliamentary Affairs Minister Kiren Rijiju said on Tuesday.

India makes formal bid to host 2036 Olympics

India has submitted a letter of intent, expressing its desire to host the 2036 Olympic and Paralympic Games, to the International Olympic Committee's Future Host Commission, taking the first concrete step in an ambitious plan after months of informal dialogue with the IOC.

'Treat all equally': SC junks ruling against UP madrassas

CJI-led Bench says 2004 law doesn't violate principle of secularism

Political space given to extremists: EAM

External Affairs Minister S Jaishankar on Tuesday took a strong exception to the Hindu temple incident in Brampton and said it tells in a way the \"political space\" which is being given to \"extremist forces\" in Canada.

Titan profit falls 23% on Customs duty cut

Titan Company's net profit in the second quarter this financial year (FY25) fell 23.1 per cent due to Customs duty reduction.

JK Tyre profit drops for first time in 2 years

JK Tyre & Industries reported its first quarterly profit fall in two years on Tuesday, hurt by weak tyre sales to car, bus and truck makers.

DRL reports 9% decline in PAT

Hyderabad-based Dr Reddy's Laboratories (DRL) posted a 9.5 per cent year-on-year (Y-o-Y) decline in its consolidated profit after tax (PAT) at ₹1,341.9 crore for Q2FY25, while clocking in its highest-ever revenue from operations during the period, which were up by 16.5 per cent to ₹8,016.1 crore.

Berger Paints posts flat revenues amid prolonged rainfall

Coatings major Berger Paints India on Tuesday reported a 7.6 per cent decline in consolidated net profit to ₹270 crore for the second quarter of the financial year 2024-25.

Oil India net rises 3.8x on low base

State-owned Oil India Limited consolidated net profit rose 3.79 times, attributable to the owners of the company for the second quarter of FY25.

Standalone health insurers' share in retail segment zooms

The share of standalone health insurers (SAHIs) in the retail health insurance segment rose to 57 per cent of the Gross Direct Premium Income (GDPI) worth nearly ₹18,000 crore in the April-August period of FY25.

Bharat Connect clocked ₹1 trn in transaction value in Oct

Bill payments platform Bharat Connect processed transactions totaling ₹1 trillion in October, recording 239.31 million transactions.

NARCL looks to acquire over ₹2,800 crore of stressed loans

Emerges frontrunner to buy NPAs in Bareilly Highways, Mumbai Metro One

Manappuram Finance profit rises 2%

Gold loan company Manappuram Finance's (MFL) consolidated net profit rose by just 2 per cent year-on-year (Y-o-Y) to ₹572.1 crore in Q2FY25 amid a sharp rise in provisions related to impairment of financial instruments.

IBBI proposes mediation for operational creditors

The Insolvency and Bankruptcy Board of India (IBBI) has proposed revised regulations to allow operational creditors to opt for voluntary mediation before starting insolvency proceedings against a company.

Managerial roles' share wanes, workers' rises

Experts say it's due to automation, increase in contractual hiring

Ocean freight rates rise for 1st time since July

Drewry World Container Index up 4% ahead of Christmas, New Year rush

Kharif rice production expected to grow 6%

Pulses output in this season projected to be the lowest in nine years

Shadow lenders retreat as bad loans rise amid crackdown

Six years after the country's shadow-banking sector blew up, pockets of stress are building again, prompting firms to start pulling back amid scrutiny from the Reserve Bank of India (RBI).

Oberoi family feud: HC allows Anastasia to attend AGM

The Delhi High Court (HC) allowed Anastasia Oberoi, daughter of the late Prithvi Raj Singh (PRS) Oberoi, to attend the Annual General Meeting (AGM) on Tuesday, amid the ongoing inheritance battle over the Oberoi hotel empire.

India's domestic air tariff up 43% in 5 yrs, just behind Vietnam

India has recorded the second-highest increase in domestic airfares in the Asia-Pacific (APAC) and West Asian regions, climbing by 43 per cent in the first half of 2024 compared to pre-pandemic levels in 2019, second only to Vietnam (63 per cent).

A bitter brew as rising costs stir tea market

Erratic rainfall results in production loss of 76.73 million kg

Fidelity increases Lenskart valuation by 12% to $5.6 bn

The valuation of eyewear retailer Lenskart to $5.6 billion has been increased by a fund managed by US-based financial services major Fidelity.

Maruti to drive in eVitara next year

Maruti Suzuki unveiled its first electric car, the evitara, in Milan on Monday. It marks the company's foray into the electric vehicle (EV) segment, and its production is expected to start at its Gujarat unit next year.

Will launch three biosimilars globally in two-three years

Biocon Biologics (BBL), a subsidiary of Biocon, had refinanced $1.1 billion (₹9,300 crore) debt last month. The company's managing director and chief executive officer, SHREEHAS TAMBE, spoke to Sanket Koul and Aneeka Chatterjee in a video interview on issues ranging from refinancing, launches, and the road map. Edited Excerpts:

iPhone 16 takes bite out of 15's sales, dials 8% growth

Sales of the Apple iPhone 16 in the first month since its launch have shown a growth of 8 percent over the iPhone 15 in the corresponding period, according to preliminary estimates by Counterpoint Research.

Royal Enfield to debut C6 EV in Europe, US

1st model of 'Flying Flea' to hit India next yr; firm to set up hub in TN unit

L&T to acquire 21% stake in E2E Networks for ₹1.4K cr

Engineering conglomerate Larsen & Toubro (L&T) on Tuesday announced it will acquire a 21 per cent stake in Indian Cloud and AI Cloud provider E2E Networks, in an all-cash transaction of ₹1,406 crore.

Jio IPO may be pegged at over $6 bn; listing expected in Q2 or Q3 of 2025

Reliance Retail could be valued between $125 bn and $150 bn at the time of IPO

Equity NFO pipeline remains strong despite mkt weakness

The equity market's recent downturn appears unlikely to slow the brisk pace of mutual fund (MF) scheme launches, at least in the coming weeks.