Milk marketers report robust milk sales at the end of 2020

Milk Marketing Federation of Gujarat has informed to have register 8 per cent rise in milk sales in December last year, however milk sales in restaurants, hotels and canteen segments have witnessed 40 per cent below normal during this period. While at the same time, Amul, witnessed record milk sales in December, Mother Dairy has […]

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Infosys reports 16.8 % Y-O-Y increase in consolidated net profit in third quarter of this fiscal

Infosys has reported consolidated net profit at Rs 5,215 crore for the third quarter of this fiscal and it’s a 16.8 per cent, year-on-year (YOY). The gross revenue for this quarter rose 12.3 per cent YOY to Rs 25927 crore. The company has raised revenue guidance band to approx. 5 per cent and the earning […]

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Piyush Goyal invites foreign investors to expand their portfolio in India

Minister of Commerce and Industry, Railways, Food and Public Distribution and Consumer Affairs Piyush Goyal while addressing the inaugural session in CII’s Partnership Summit 2020 on virtual mode said, the country is systematically opening up new sectors of the economy for global investors and encouraging strategic relationships and strengthening its future economic plans. He welcomed […]

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RBI takes accommodative stance, leaves key rates unchanged

In anticipation of inflation falling within targeted limit, the Reserve Bank of India (RBI) in its bimonthly policy review continued with its accommodative stance and left the repo rate unchanged at 4% while also keeping the reverse repo Rrte also at 3.35%. The apex bank has taken the accommodative stance to revive the economy which […]

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Lucknow Municipal Corporation listed at Bombay Stock Exchange

Yogi Adityanath, the Chief Minister of Uttar Pradesh, attended the Bell Ceremony at National Stock Exchange, Mumbai to witness the listing of bonds of Lucknow Muncipal Corporation (LMC) valued at INR 200 crore at Bombay Stock Exchange. Incentivized by the Ministry of Housing and Urban Affairs under Atal Mission for Rejuvenation and Urban Transfromation (AMRUT), […]

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India registers FPI inflows to the tune of Rs 62,782 crore in November 2020

Even though COVID-19 has badly affected the investment climate in the economies across the world, the investment sentiment in Indian economy remained buoyed by the active and frequent intervention of the government. And it has been demonstrated by the Indian economy’s FPI and FDI trends as well as corporate bond market flows which demonstrate the […]

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Cabinet gives nod to Lakshmi Vilas Bank-DBS Bank merger

The Union Cabinet has given its go-ahead to a scheme for the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India Limited (DBS India), the Indian subsidiary of Singapore-based DBS Bank. LVB was placed under moratorium recently to safeguard depositors’ interest, after RBI submitted an application under section 45 of the Banking Regulation Act, […]

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Cabinet gives booster FDI shot of Rs 2480.62 crore to ATC India

Cabinet Committee on Economic Affairs, under the chairmanship of Prime Minister Narendra Modi, has given its go-ahead to an FDI proposal for acquisition of 12.32 percent of equity share of ATC Telecom Infrastructure Private Limited by ATC Singapore (ATC Asia Pacific PTE Ltd.) This acquisition would bring an FDI inflow of Rs 2480.92 crore to […]

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SAIL rebounds with 20% improvement in turnover, posts considerable profit in Q2

Steel Authority of India Limited, one of the Maharatna companies and listed among the largest steelmakers in India, has recorded a strong performance during Q2 of FY’21. It has posted Rs 610.32 crore profit before tax (PBT) and Rs 393.32 crore profit after tax (PAT)  over the corresponding period of the last year (CPLY). Registering […]

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HIL registers impressive growth with highest sales in first half of the current financial year

HIL (India) Ltd, a public sector undertaking under the Ministry of Chemicals and Fertilizers, has achieved 65% growth in the first two-quarters of FY2020-20 as compared to the same period last financial year. It has registered significant growth due to the massive quantity of DDT and various other agrochemicals shipped to Iran, Latin Amerca, and […]

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