UltraTech Cement Q1 standalone net profit down 33%

Aditya Birla Group company UltraTech Cement on Wednesday reported a decline of 33 per cent in its standalone net profit for the first quarter of 2018-19. According to the company,... Read more »

Oil prices lift equity indices; Nifty regains 11k-mark

Slide in global crude oil prices along with expectations of fund infusion into public sector banks and value buying lifted the key domestic equity indices higher on Tuesday. However, broadly... Read more »

Government to soon recapitalise some PSBs with Rs 10,000 cr

 The government is likely to recapitalise some state-run banks in urgent need by up to Rs 10,000 crore within a few days to help them meet regulatory capital requirements,... Read more »

IDBI Bank to seek government nod for LIC’s stake purchase

State-run IDBI Bank on Tuesday said it will seek rgw central government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden... Read more »

Jet Airways places additional orders for 737 MAX aircraft

Airline major Jet Airways has placed an additional order for 75 jets of Boeing “737 MAX 8” aircraft during the 2018 Farnborough International Airshow. According to a joint statement... Read more »

Sensex retreats from fresh benchmark

From the BSE Sensex hitting a new record high earlier in the day, to closing on a flat-to-negative note, the key Indian equity indices saw a very volatile trade... Read more »

Afghanistan wants to double its volume of trade with India by 2020

Afghanistan wants to double its volume of trade with India to two billion dollars by 2020, its envoy Shaida Mohammad Abdali said on Friday. Export to India is increasing... Read more »

Petrol price again over Rs 84 per litre in Mumbai

On an upward trajectory since July 5, petrol prices in the financial capital of the country crossed the Rs 84 per litre mark on Friday and was sold at... Read more »

Industry new business premium witnessed a healthy growth trajectory during FY2018; ICRA expects NBP growth of 12% in FY2019: ICRA

ICRA has released its study on the Life Insurance Sector in the country. This paper analyses the performance of 16 Life Insurance Companies (comprising LIC and fifteen companies from... Read more »

CRISIL First Cut: Core inflation becoming broad-based; IIP droops

Consumer price index (CPI)-based inflation rose another 10 basis points (bps) to 5% in June compared with May, which is more than thrice the 1.5% seen in the same... Read more »