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Riding high on October sales, automobile industry hopeful of strong demands on Dhanteras, Diwali

Nov 11, 2023

New Delhi, Nov 10 (IANS) Riding high on the October sales of cars and motorcycles, the market is upbeat for a blockbuster Friday on the occasion of Dhanteras, which is considered the most auspicious day in Hindu calendar for buying items ranging from precious metals and vehicles.Dhanteras kick-started on a positive note with significant consumer…

ONGC declares interim dividend as Q2 net profit surges to Rs 13,734 crore

Nov 11, 2023

New Delhi, Nov 10 (IANS) Oil and Natural Gas Corporation (ONGC) on Friday reported a 65.5 per cent year-on-year increase in consolidated net profit to Rs 13,734 crore for the July-Sept quarter of the current financial year due to a…

Business

Dhanteras sees strong demand for gold, silver ornaments; traders expect sales to surpass last…

Nov 11, 2023

New Delhi, Nov 10 (IANS) The sale of gold and silver on the occasion of Dhanteras kickstarted on a positive note as the softening of precious metal's prices drew a good crowd to stores across the national capital.Recent falls in gold prices…

Business

Coal India clocks Rs 6,800 crore net profit in July-September quarter

Nov 10, 2023

New Delhi, Nov 10 (IANS) Government-owned Coal India Ltd posted a 12.5 per cent increase in net profit to Rs 6,799.77 crore for the July-September quarter of the current financial year on the back of higher sales.The company had made a net…

Business

SAIL surges out of red with Rs 1,306 crore profit in Q2

Nov 10, 2023

New Delhi, Nov 10 (IANS) Public sector steel behemoth SAIL on Friday reported a consolidated net profit of Rs 1,306 crore for the July-Sept quarter on the back of steady domestic demand and lower input costs. The company had reported a…

Business

Healthcare stocks continue to rally

Nov 10, 2023

New Delhi, Nov 10 (IANS) Healthcare stocks continued to rally with Medanta, Fortis, Marksans Pharma, and Vijaya Diagnostic all gaining more than 5 per cent, showcasing that investors are bullish on the sector, says Vaibhav Vidwani, Research…

Business

Delhi HC halts proceedings against Hero Motocorp Chairman in foreign currency case

Nov 10, 2023

New Delhi, Nov 10 (IANS) The Delhi High Court has temporarily stayed proceedings related to foreign currency charges against Hero Motocorp Chairman Pawan Kant Munjal by the Directorate of Revenue Intelligence (DRI).The court's interim order…

Business

Nifty gained 9.4% in Samvat 2079

Nov 10, 2023

New Delhi, Nov 10 (IANS) Nifty ended the Samvat 2079 on a positive note despite several global challenges. Nifty gained 9.4 per cent in this period and made a new life high crossing 20k mark for the first time, says Siddhartha Khemka, Head…

Business

Domestic equities trade in a constrained range

Nov 10, 2023

Mumbai, Nov 10 (IANS) The Sensex and Nifty early on Friday experienced a decline following Federal Reserve Chairman Jerome Powell's hawkish comments on rates. However, this negative trend, which persisted over the past three days, reversed…

Business

RBI throws open silver imports to qualified jewellers in same way as gold

Nov 10, 2023

Mumbai, Nov 10 (IANS) Reserve Bank of India (RBI) on Friday issued a notification allowing qualified jewellers to import silver through India International Bullion Exchange IFSC Ltd (IIBX) in the same manner as gold imports. The banks…

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