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Thursday, July 30, 2020
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Reliance Industries posts Rs 13,248 crore net profit for June quarter

July 30, 2020 8:31:20 pm

Net profit was Rs 10,141 crore in the same period a year back, the company said in a regulatory filing. The company said it recognised exceptional gain of Rs 4,966 crore from stake sale.

Mother Dairy enters bread segment, aims Rs 25,000 crore turnover by 2025

July 30, 2020 5:25:18 pm

The breads will be initially available at its 1,800 milk booths and 'Safal' outlets in the National Capital Region (NCR).

ArcelorMittal reports $559 million net loss in Apr-Jun quarter

July 30, 2020 4:53:40 pm

The world's largest steelmaker had clocked a net loss of USD 447 million in the year-ago quarter, the company said in a statement.

Dabur Q1 net profit falls 6% to Rs 341 crore

July 30, 2020 4:10:33 pm

Revenue from operations for the quarter under review was down 12.90 per cent to Rs 1,979.98 crore, as against Rs 2,273.29 crore in the corresponding quarter of the previous fiscal, Dabur India said in a BSE filing.

HDFC Q1 profit rises 15% at Rs 4,059 crore

July 30, 2020 2:50:12 pm

The total income rose 29 per cent to Rs 29,959 crore in April-June, 2020-21 as against Rs 23,240 crore in the same period of 2019-20, HDFC said in a regulatory filing.

India’s gold demand in April-June sinks 70% on COVID-19 disruptions: WGC

July 30, 2020 1:05:47 pm

Overall gold demand in the country was 213.2 tonnes during the second quarter of 2019, WGC said in its 'Q2 Gold Demand Trends' report.

Nestle cuts 2020 growth forecast as consumers ate into stockpiles in second quarter

July 30, 2020 12:01:50 pm

Packaged food companies have weathered the crisis better than other industries as consumers bought coffee, pasta or infant formula in bulk during COVID-related lockdowns, although Nestle's business supplying restaurants and cafes restaurants has suffered.

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Rupee slips 7 paise to 74.87 against US dollar in early trade

July 30, 2020 11:11:47 am

At the interbank forex market, the rupee opened at 74.84, then lost further ground and touched 74.87 against the US dollar, down 7 paise over its last close of 74.80.

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Asian stocks rise, dollar languishes near two-year lows on Fed

July 30, 2020 10:44:45 am

The confidence extended in Asia where Japan's Nikkei and South Korea's KOSPI were up 0.3% each, Australia's main index climbed 0.7% and Hong Kong's Hang Seng index rose 0.2%.

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Yes Bank takes over Anil Ambani’s group HQ in Mumbai for failure to repay Rs 2,892 crore

July 30, 2020 2:08:10 pm

The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank in a newspaper on Wednesday.

Sensex tumbles 335 points; Nifty gives up 11,150

July 30, 2020 4:25:37 pm

The 30-share BSE benchmark ended 335.06 points or 0.88 per cent lower at 37,736.07; while the NSE Nifty tumbled 100.70 points or 0.90 per cent to 11,102.15.

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States voice concern over pending FY21 GST dues

July 30, 2020 3:17:38 am

Finance Secretary Ajay Bhushan Pandey has said the Centre is not in the position to pay GST Compensation to states as collections have fallen due to the pandemic, sources said.

Ensure funding to bankable proposals: Banks, NBFCs told at meet with PM Modi

July 30, 2020 3:09:02 am

While the Centre emphasised it will support the banking system, it was noted that “small entrepreneurs, SHGs, farmers should be motivated to use institutional credit to meet their credit needs and grow”.

RBI may allow one-time loan recast in construction & real estate, tourism and aviation

July 30, 2020 3:01:45 am

Sectors such as tourism, hospitality and real estate have been seeking this relief to tide over the business slump resulting from effects of COVID-19 pandemic induced economic downturn.

Jaypee Infra minority shareholders approach NCLAT, seek modification of NBCC proposal

July 30, 2020 3:01:22 am

The minority shareholders have asked them NCLAT to either set aside the National Company Law Tribunal (NCLT)’s decision approving NBCC’s resolution plan or modify it to the extent that the minority shareholders are allowed to exit the company by selling their shares at a fair market value.

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As investment deadline of July 31 gets closer, it’s time to sort your Tax Saving instruments

July 29, 2020 6:20:15 pm

Those who are still waiting to make investments in various instruments like Health Insurance, Term Life Health Insurance or other investment products which offer tax deductions under Section 80D and Section 80C respectively, can still do their investments till 31st July and continue to claim a deduction for the financial year 2019-20.

MacKenzie Bezos commits to give away half of her fortune to charity

Jeff Bezos’ former spouse MacKenzie Scott donated $1.7 billion to charity within months

July 29, 2020 5:04:47 pm

The novelist’s $59.3 billion fortune derives from a 4% stake in Inc., which she received as part of her divorce from Jeff Bezos, the world’s richest man.

Covid impact: Maruti Suzuki India reports Q1 net loss at Rs 249.4 crore

July 30, 2020 12:46:08 am

The company also announced an 80 per cent dip in revenue as it fell from Rs 18,735 crore in June 2019 to Rs 3,677 crore in June 2020.

Will be able to clear only remaining Dec salaries of pilots: Jet Airways

Jet Airways loss widens to Rs 5,536 crore in 2018-19

July 29, 2020 12:43:11 pm

Shares of Jet Airways declined nearly five per cent to Rs 29.10 apiece in early trade on the BSE.

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Rupee rises 6 paise to 74.78 against US dollar in early trade

July 29, 2020 11:57:19 am

It opened at 74.83 against the US dollar gained further ground and touched 74.78 against the US dollar, up 6 paise over its last close of 74.84.

Jeff Bezos, Mark Zuckerberg and Elon Musk have made $115 billion this year

July 29, 2020 11:12:40 am

The Inc. founder has seen his net worth soar by $63.6 billion this year. On one day this month, it leaped an unprecedented $13 billion.

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Sensex tanks 422 points; Reliance slumps 4 per cent

July 29, 2020 4:35:32 pm

The BSE Sensex ended 421.82 points or 1.10 per cent lower at 38,071.13, while the NSE Nifty tumbled 97.70 points or 0.86 per cent to 11,202.85.

Dollar teeters, gold takes a breather as markets await Fed

July 29, 2020 9:51:27 am

The Fed is expected to strike a dovish stance at its policy review later in the day and perhaps open the door to a higher tolerance for inflation - something dollar bears think could squash real yields and sink the currency even further.

EPFO COVID advances: Rs 8,500 crore disbursed so far in FY21, daily avg release Rs 104 crore

July 29, 2020 3:40:57 am

The high number of these withdrawals has mostly been from low-income workers, mainly those earning below Rs 15,000 a month, a member of the EPFO’s Central Board of Trustees (CBT) said.

Renu Swarup: ‘Confident that we will have a safe and effective indigenous vaccine’

July 29, 2020 5:55:36 am

Globally, the non-replicating viral vector-based vaccine from Oxford-AstraZeneca and one inactivated alum platform from SinoVac are the leads being in Phase III.