India Cements’ FY19 profit is at Rs 69.4 crore against Rs 100.6 crore in 2018

Cement maker India Cements Ltd secured a net profit of Rs 43.85 crore for the January-March quarter on the back of increase in cement volumes and net plant realisations. The Vice-President and... Read more »

FPIs divest Rs 4,375 crore in May so far

Foreign investors have removed a net amount of Rs 4,375 crore from the Indian capital markets in May so far, driven by global and domestic factors. Before this, overseas investors had infused... Read more »

Downward trends in domestic traffic because of Jet Airways grounding says ICRA

The domestic passenger traffic had seen an upward trend between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013, the rating agency said in the note on Thursday. The... Read more »

Markets suffer from low volatility, experts say corrections would be lapped up in future

As political uncertainty subsides following the decisive win for BJP-led National Democratic Alliance, nation’s capital markets are expected to show signs of low volatility and any corrections would be lapped up henceforth,... Read more »

ONGC Videsh FY19 net profit up 71% in excess of oil production

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), Friday reported a 71 per cent increase in its 2018-19 fiscal year net profit based on the... Read more »

Reliance Capital to sell entire stake in RNAM to Nippon Life

Anil Ambani led Reliance Capital, has signed an agreement with Nippon Life Insurance of Japan to divest its stake in Reliance Nippon Life Asset Management, according to a statement from Reliance Capital to... Read more »

GIC reports 19.7 % drop in net profit to Rs 603.37 crore in its March quarter

General Insurance Corporation (GIC Re) of India Thursday suffered a 19.7 per cent fall in standalone net profit at Rs 603.37 crore in the last quarter of the fiscal ended March 2019.... Read more »

India Inc hopes government ensures economic growth and fund flow

A decisive mandate for the National Democratic Alliance (NDA) on Thursday has expected a higher pace of economic reforms. This is a day after the United Nations (UN) lowered its FY20 gross domestic product (GDP) growth... Read more »

Modi speaks of a better India, aims to eradicate poverty and combat fake secularism

In his first speech after winning another term for the BJP with an increased and historic mandate, Prime Minister Narendra Modi drew parallels from the 2019 Lok Sabha elections and the war... Read more »

Modi set to become PM yet again, NDA first back-to-back majority since 1984

Prime Minister Narendra Modi’s governing coalition, the National Democratic Alliance (NDA), is all set to achieve a majority in the lower house of India’s parliament. The NDA, led by Modi’s Bharatiya Janata... Read more »