The central government's upcoming ship owning and leasing entity is set to gain from new permits for companies with a variable capital structure, as announced in the Union Budget 2024-25. Initiatives such as this are part of broader reforms aimed at revitalizing the Indian shipping industry, which has seen a decline in its share of overseas cargo over the decades.
The deadline for finalizing the nominee for the president and his running mate is August 7 because the legislature of Ohio has set this deadline. Democratic National Convention will be held from August 19 to August 22. The delegates will choose the nominee for the presidential election and ratify the selection of the running mate in the convention.
The alloy manufacturer’s consolidated net profit slipped by a little over a fifth on year to Rs 1,338 crore during the quarter from Rs 1,692 crore a year ago. The company’s tax expenses were at 521.13 crore, up nearly seven times from Rs 74.75 crore a year ago.
Alphabet fell more than 3% on Wednesday on fears that its rising investments in AI infrastructure would squeeze margins and YouTube was facing tough competition for ad dollars.
Citing a rise in vehicle numbers, Delhi's Transport Department asked IGL and DMRC to open new PUCC centres due to a strike by the Delhi Petrol Dealers' Association over proposed rate hikes. The aim was to enhance vehicle pollution control compliance and improve air quality, aligning with the Supreme Court's 2017 mandate.
Auto industry-focused KPIT Technologies on Monday reported a 52 per cent jump in its net profit to Rs 204.2 crore for the March 2024 quarter on higher revenue growth and profit margins. The Pune-headquartered company had posted a post-tax net of Rs 134 crore in the year-ago period.
Navy Chief Admiral Dinesh K Tripathi and all personnel of the Indian Navy extend their deepest condolences to the family of Singh, he said. Madhwal said the Navy Chief issued directions to make INS Brahmaputra seaworthy and combat ready.
Hitachi Energy India on Wednesday posted four-fold jump in net profit to Rs 10.4 crore for June quarter FY25 mainly due to higher revenues. The company had reported a net profit of Rs 2.4 crore for the year-ago period, it said in a BSE filing.
The government plans to streamline customs duty rates, aiming to reduce them from about a dozen to five, according to Revenue Secretary Sanjay Malhotra. This initiative, part of a comprehensive review announced in the Budget, seeks to simplify the rate structure to ease trade, resolve duty inversion issues, and minimize classification disputes.
Indian Energy Exchange (IEX) on Wednesday posted over 27 per cent rise in consolidated net profit to Rs 96.44 crore for June quarter, mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 75.82 crore in the quarter ended on June 30, a BSE filing showed.
Nico Williams has a lot of potential suitors who want him to sign up for their clubs but he is not getting the intensity of this transfer battle get to him, according to reports. He has been seen in a rather jovial approach is not looking very tensed over Barcelona and Arsenal trying to rope him into their squad desperately.
Home textiles major Welspun Living Ltd on Wednesday reported a 14.3 per cent increase in consolidated net profit to Rs 185.95 crore in the June 2024 quarter. The company posted a consolidated net profit of Rs 162.73 crore in the quarter last fiscal, Welspun Living said in a regulatory filing.
Ramkrishna Forgings Ltd on Wednesday posted over 3 per cent rise in consolidated net profit to Rs 81 crore during the June quarter, on account of higher income. It had clocked Rs 78.52 crore profit for the period ended June 30, 2023, the company said in an exchange filing.
US Vice-President Kamala Harris has raised political donations totaling $231 million within 24 hours after President Joe Biden decided to end his campaign. The support by the donors to this extent is expected to boost her prospects ahead of the party’s national convention in August. There is opposition to her receiving the presidential nomination and this is expected to strengthen her case.
In a quarter when the promoters of Patanjali Foods - yoga guru Baba Ramdev and aide Acharya Balkrishna - had to issue an apex court-ordered public apology, the performance of the company didn't seem too adversely affected.
The NTA is about to release CUET UG 2024 results, news reports said thought there has been no official statement. The provisional answer key was available from July 7, with objections open until July 9. Delayed results have impacted university admissions. Results were initially expected on June 30
Two new inclusive Barbies have been released by Mattel: a Black Barbie with Down syndrome and a blind Barbie. These dolls were created with feedback from appropriate groups in order to guarantee truthful portrayal while promoting children's inclusion and self-expression.
Musk hypes everything but cars. The electric automaker reported a five-year low-profit margin and missed earnings estimates for the fourth consecutive quarter. Despite its market value of $785 billion surpassing other automakers, analysts caution that this valuation relies on future technologies yet to be realized.
Sometimes shares are bought to close an existing short position, signaling a shift from extreme bearishness to bullishness.
The Reserve Bank of India (RBI) announced tighter norms for cash pay-out services at banks, effective from November 1, 2024. Under the revised framework for 'Domestic Money Transfer', remitting banks must now maintain records of recipients' names and addresses for cash pay-outs.
Indian Railway Minister Ashwini Vaishnaw disclosed that Rs 1,112.57 crore was set aside for installing the ATP system Kavach in 2024-25. So far, Rs 1,216.77 crore has been utilized. Kavach supports train safety through auto-braking and inclement weather navigation, with significant development progress on major corridors. Trials and OEM approvals are ongoing for further implementation.
Amid concerns over the removal of Indexation benefit on property sales for tax calculation, government sources today said that there will be no reconsideration on changes made to Long Term capital gain (LTCG) in the Union Budget