A2 Hosting Holiday Sale 2021

India Inc Q3 results review: Nifty firms post nearly 30% rise in net profit

Oct 7, 2022

India Inc's third-quarter performance largely came in line with expectations despite unprecedented input cost headwinds. Data shows that the consolidated net profit of Nifty companies (ex-BFSI) jumped nearly 30 per cent year-on-year (YoY) during October-December period. On the other hand, gross sales increased 29 per cent YoY during the same period.  Data shows that 20 companies from sectors including pharmaceuticals, oil and gas, metals, automobiles, capital goods and power posted over 10 pe ...read more

Will deposit Rs 600 cr in DAMEPL escrow account within two days: DMRC tells HC

Oct 7, 2022

The Delhi Metro Rail Corporation Monday assured the Delhi High Court that it will deposit Rs 600 crore within two days in an escrow account for Delhi Airport Metro Express Private Limited (DAMEPL), which had initiated execution proceedings against DMRC concerning an arbitral award of over Rs 4,600 crore in its favour. Justice Suresh Kumar Kait took on record the statement made by DMRC’s counsel and reserved the order on the execution petition. Senior advocate Parag Tripathi, representing DMRC ...read more

Rocket set to crash into moon on March 4; China denies responsibility

Oct 7, 2022

China's foreign ministry on Monday denied a US report that a spent rocket booster forecast to crash on the far side of the moon next month was debris from a Chinese lunar mission in 2014. The rocket booster, expected to crash on the moon on March 4, was initially identified by an independent researcher as a used Falcon rocket stage from Elon Musk's SpaceX. However, earlier this month the US National Aeronautics and Space Administration (NASA) said its analysis showed that the object was like ...read more

Tesla needed some good news. These sales numbers help

Oct 7, 2022

New York (CNN Business)A tumultuous quarter at Tesla ended with some very good sales numbers. The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch. That included almost 56,000 of the lower-priced Model 3. Production was a bit below that number: Tesla said it built about 53,000 Model 3s. But that was within the company's projections. Only three months ago, the company struggle ...read more

LIC is well capitalised, will like to have some stake in IDBI Bank: Chairman

Oct 7, 2022

Addressing the media on Life Insurance Corporation of India's (LIC's) upcoming IPO, the insurer's chairman M R Kumar on Monday said that the company is well-capitalised and as of now it does not have any immediate capital requirements. If there is any requirement for growth capital, the company will approach the government and the shareholders.  On the subject of IDBI Bank, the chairman said that LIC will like to have some stake in the bank, indicating that LIC may not completely exit the busi ...read more

IDFC First Bank MD V Vaidyanathan gifts 9 lakh shares to staff to buy house

Oct 7, 2022

IDFC First Bank MD V Vaidyanathan gifts 9 lakh shares to staff to buy house In addition, Rukmani Social Welfare Trust disposed of 2 lakh equity shares to support social activities. Vaidyanathan gifted 3 lakh shares to his trainer Ramesh Raju. IDFC First Bank Ltd MD and CEO V Vaidyanathan has gifted 9,00,000 equity shares of the bank held by him to his staff for purchasing house.   "...we wish to inform that V Vaidyanathan, Managing Director CEO, has gifted 9,00,000 eq ...read more

DCGI grants EUA to Biological E's COVID-19 vaccine Corbevax for 12-18 age group

Oct 7, 2022

DCGI grants EUA to Biological E's COVID-19 vaccine Corbevax for 12-18 age group The Drugs Controller General of India (DCGI) had already approved Corbevax for restricted use in emergency situation among adults on December 28, 2021. The vaccine received the approval for restricted use in an emergency situation in adolescents aged 12 to less than 18 years based on interim results. India's drug regulator has granted emergency use authorisation (EUA) to Corbevax, India's firs ...read more

Ukrainian soldiers report intensified front-line shelling, fear 'provocations'

Oct 7, 2022

Please try another search World 1 hour ago (Feb 21, 2022 04:22PM ET) 4/4 © Reuters. A Ukrainian service member holds a machine gun in a trench at a position on the front line near the village of Travneve in Donetsk region, Ukraine February 21, 2022. REUTERS/Gleb Garanich 2/4 (Refiles to fix spelling of dateline) By Serhiy Takhmazov TRAVNEVE, Ukraine (Reuters) - Government troops in front-line trenches in Ukraine's east said on Monday heavy weapons ...read more

Canada's parliament approves Trudeau's emergency powers

Oct 7, 2022

Please try another search Coronavirus 56 minutes ago (Feb 21, 2022 08:56PM ET) 5/5 © Reuters. FILE PHOTO: A protester stands atop a vehicle as cars parade during their "Convoi de la liberte" (The Freedom Convoy), a vehicular convoy to protest coronavirus disease (COVID-19) vaccine and restrictions in Paris, France, February 12, 2022. REUTERS/Benoi 2/5 By David Ljunggren OTTAWA (Reuters) -Canada's parliament on Monday backed Prime Minister Justin Tr ...read more

CGST finds Input Tax Credit fraud worth Rs 81 cr; Mumbai firm director held

Oct 7, 2022

The CGST Mumbai Zone has arrested the director of a Navi Mumbai-based firm that allegedly availed and passed on Input Tax Credit of Rs 81 crore using bogus invoices to the tune of Rs 479 crore, an official said on Monday. A CGST release said searches were conducted at various locations acting upon intelligence garnered by deploying data analytics tools, which found that Fantasia Trade Pvt Limited was allegedly indulging in irregularities under section 132 of the Central Goods and Services Tax ...read more

Tencent Music aims to raise $1 billion by going public

Oct 7, 2022

This story originally published on October 2, 2018. New York (CNN Business)Tencent Music has filed plans to go public in the United States in what could be one of the biggest recent US IPOs by a Chinese company. The company set a placeholder target of $1 billion, which could value the company between $25 and $30 billion, according to its SEC filing. That amount would mark the third largest Chinese IPO to list in the United States since the beginning of 2018, according to data provider Deal ...read more

Rouble hits 2-yr low to 81 vs dollar, stocks slide post Putin's deployment order

Oct 7, 2022

The rouble hit a near two-year low and Russian stocks slumped on Tuesday as President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent. Putin's announcement drew immediate international condemnation and the West is now expected to announce new sanctions against Russia on Tuesday.  Possible measures could target major financial institutions, blocking Russia's access to global electronic supplies or steps designed t ...read more

EU foreign ministers could agree sanctions package on Tuesday, source says

Oct 7, 2022

Please try another search Commodities 5 minutes ago (Feb 22, 2022 07:06AM ET) © Reuters. European Union's flags flutter at half mast in memory of late European Parliament President David Sassoli, in front of European Commission building, in Brussels, Belgium January 11, 2022. REUTERS/Yves Herman BRUSSELS (Reuters) - EU ambassadors have been discussing a sanctions package on Russia consisting of four parts which could be agreed by the bloc's foreign ministers ...read more