Business News


Tata Motors posts $1 billion loss as Jaguar costs hit bottom line

The auto giant's revenues jumped 42 percent, but exceptional costs worth £1.5 billion ($2.13 billion, 1.74 billion euros) related to its restructuring of JLR hurt its profitability.

published : 6 hours ago

Vijay Mallya loses bankruptcy petition amendment High Court battle in UK

Judge Michael Briggs handed down his judgment in favour of the banks to declare there is no public policy that prevents a waiver of security rights.

published : 8 hours ago

Beverages industry urges Meghalaya to put on hold proposal to set up sole wholesaler 

Alternatively, if it is being introduced for a benefit to the consumers, then this cost should be passed on to the consumers," the CIABC argued in its letter to the Meghalaya Government.

published : 9 hours ago

Branches of Karur Vysya Bank continue to function to serve customers amid lockdown

The bank has donated Rs 3.29 crore during the second wave of COVID-19 pandemic under its CSR initiative, a bank statement said.

published : 9 hours ago

Second tranche of commercial coal mines auction gets tremendous response: Govt 

Coal Minister Pralhad Joshi launched the auction process in a programme held in New Delhi.

published : 9 hours ago

TAFE donates Rs 1 crore to TN govt for procurement of oxygen cylinders

Senior officials called on Tamil Nadu Chief Minister M K Stalin on Monday and handed over a cheque for Rs 1 crore for the procurement of oxygen cylinders, it added.

published : 10 hours ago

Irish health system struggling to recover from cyberattack

The health service said it was working methodically to assess and restore “approximately 2,000 IT patient-facing systems, each supported by infrastructure, multiple servers and devices.

published : 11 hours ago

Energy agency: End new fossil fuel supply investments

The Paris-based agency said in a report released Tuesday that it has determined there is a narrow but viable pathway for building a global energy sector with net zero greenhouse gas emissions by 2050.The Paris-based agency said in a report released Tuesday that it has determined there is a narrow but viable pathway for building a global energy sector with net zero greenhouse gas emissions by 2050.

published : 11 hours ago

Gold futures fall on low demand

On the Multi Commodity Exchange, gold contracts for the June delivery traded lower by Rs 171, or 0.35 per cent, at Rs 48,303 per 10 gram in a business turnover of 6,693 lots.

published : 11 hours ago

Sensex recaptures 50,000-level; Nifty above 15,000

The broader NSE Nifty went past the psychological 15,000-level, and closed 184.95 points or 1.24 per cent higher at 15,108.10.

published : 11 hours ago

Rupee gains for 3rd straight session; rises 17 paise to 73.05 against dollar 

The local unit finally settled at 73.05, registering a gain of 17 paise over its previous close. On Monday, the rupee had closed at 73.22 against the US dollar.

published : 11 hours ago

DoT permits intra-circle roaming in cyclone-hit districts of Gujarat, Maharashtra, Goa

Intra-circle roaming has been initiated so that mobile phone users can easily switch between telecom operators in case their native service provider is affected.

published : 12 hours ago

Canara Bank registers Rs 1,011 cr profit in Q4

Total income on a standalone basis during January-March rose to Rs 21,522.60 crore as against Rs 14,222.39 crore in the year-ago period, Canara Bank said in a regulatory filing.

published : 12 hours ago

Patanjali Ayurved raises Rs 175 cr through NCDs

Of this Rs 175 crore issue, Rs 60 crore was subscribed by IDBI Bank, Rs 90 crore by Punjab National Bank and the rest Rs 25 crore by Uco Bank.

published : 12 hours ago

Petrol crosses Rs 99 in Mumbai after rates hiked again

The hike - tenth this month - pushed petrol and diesel prices to an all-time high across the country.

published : 12 hours ago