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Arvind Fashions Sells Sephora Retail Division To Reliance For Rs 99 Crore

Friday November 03, 2023, Bengaluru

Billionaire Mukesh Ambani's Reliance is tying up with LVMH-owned Sephora to operate the beauty chain's stores across the country and help expand Sephora's presence in the country's fast-growing beauty and cosmetics market.

Adani Enterprises' Pre-Tax Earnings Rise By 43% To Rs 5,874 Crore

Asian News International | Thursday November 02, 2023, New Delhi

Adani Group's flagship firm Adani Enterprises on Thursday reported its earnings before interest, taxes, depreciation, and amortization (EBIDTA) increased by 43 per cent to Rs 5,874 crores during the April-September quarter of 2023-24.

Adani Power's Q2 Consolidated Profit Jumps 848% To Rs 6,594 Crore

NDTV News Desk | Thursday November 02, 2023, New Delhi

Adani Power Limited, a part of Adani group, announced its consolidated profit increased over eight fold to Rs 6,594 crore in the July-September quarter - a 848 per cent jump as compared to Rs 696 crore for the same period last year.

Adani Power Second-Quarter Profit Soars On Demand Surge, Tax Gain

Reuters | Thursday November 02, 2023, BENGALURU

The thermal power producer Adani Power reported a near ten-fold surge in second-quarter profit on Thursday, as it benefited from soaring power demand and a tax gain.

Still Have Rs 2,000 Notes After Last Date? 2 Steps To Get Money In The Bank

Press Trust of India | Thursday November 02, 2023, New Delhi

People can send their Rs 2,000 banknotes to specified regional offices of the Reserve Bank through the insured post for credit directly in their bank accounts.

Reliance Industries Considers Record $1.8 Billion Bond Sale

PR Sanjai, Saikat Das and Divya Patil, Bloomberg | Thursday November 02, 2023

Mukesh Ambani's Reliance Industries Ltd. is considering raising as much as 150 billion rupees ($1.8 billion) via the sale of local-currency bonds, according to people familiar with the matter who asked not to be identified because the matter is private.

RWAs Liable To Pay GST For Over-Charging Electricity Tariff From Flat Owners

Press Trust of India | Wednesday November 01, 2023, New Delhi

Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms.

GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever

Press Trust of India | Wednesday November 01, 2023, New Delhi

GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand.

India Authorises Apple, Dell, Others To Import Laptops, Tablets: Report

Reuters | Wednesday November 01, 2023, New Delhi

Apple, Dell, HP, Samsung and Lenovo are among 110 firms authorised by India to import laptops, tablets and personal computers under a new system aimed at monitoring shipments, two government sources said.

Indian Firms Can Now List Directly On Foreign Stock Exchanges: Centre

Press Trust of India | Wednesday November 01, 2023, New Delhi

In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions.

Ambuja Cements Sees Q2 Profit Of Nearly Rs 1,000 Crore

Press Trust of India | Wednesday November 01, 2023, New Delhi

Ambuja Cements Ltd on Wednesday reported a multifold increase in consolidated net profit at Rs 987.24 crore for the quarter ended on September 30, on reduction in operating cost.

Centre's Fiscal Deficit Touches 39% Of Full-Year Target In FY24's 1st Half

Press Trust of India | Tuesday October 31, 2023, New Delhi

The central government's fiscal deficit touched 39.3 per cent of the full-year target in the first half of the current financial year, slightly higher than 37.3 per cent recorded in the year-ago period.

Air India, Akasa CEOs Exchange Barbs Over Poaching Of Pilots: Report

Reuters | Tuesday October 31, 2023, NEW DELHI

The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job switching can breach competition law.

Sensex, Nifty Fall In Early Trade Amid Continuous Foreign Fund Outflows

Press Trust of India | Monday October 30, 2023, Mumai

Equity benchmark indices declined in early trade on Monday after a day's breather amid continuous foreign fund outflows and sluggish trends in the global market.

India Imposes $800 Per Tonne Minimum Export Price On Onion

Press Trust of India | Saturday October 28, 2023, New Delhi

The government on Saturday imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the domestic market and contain prices.

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