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Government Overhauls Petroleum Reserve Policy To Boost Private Interest: Report

Government Overhauls Petroleum Reserve Policy To Boost Private Interest: Report

Reuters | Thursday July 22, 2021

India also plans to build strategic storage at Chandikhol in Odisha and Padur in Karnataka for around 6.5 million tonnes of crude to provide an additional cover of 12 days of net oil imports

UltraTech Cement Profit Rises 114% To Rs 1,700 Crore In June Quarter

UltraTech Cement Profit Rises 114% To Rs 1,700 Crore In June Quarter

Edited by Nikita Prasad | Thursday July 22, 2021

Ultra Tech Cement Q1 Results: The company's revenue from operations stood at Rs 11,830 crore, compared to Rs 7,671 crore in the same quarter last year, marking a growth of 54.2 per cent

Government Gets 27 Proposals From Private Sector For Space Industry

Government Gets 27 Proposals From Private Sector For Space Industry

Edited by Animesh Singh | Thursday July 22, 2021

Sources in the Ministry of Space said that 27 proposals from private entities were received so far for undertaking various space activities in India.

Wealthtech Start-up Partners With Smallcase To Offer Diversified Investment Options

Wealthtech Start-up Partners With Smallcase To Offer Diversified Investment Options

Edited by Nikita Prasad | Thursday July 22, 2021

Wealth management startup Tarrakki announced a strategic partnership with investment platform Smallcase to offer a long-term equity portfolio to users.

Government Clears Incentive Scheme For Speciality Steel

Government Clears Incentive Scheme For Speciality Steel

Edited by Animesh Singh | Thursday July 22, 2021

Government has approved the production linked incentive scheme (PLI) for speciality steel, which will run for five years.

Bank Of Maharashtra Net Profit Doubles To Rs 208 Crore In June Quarter

Bank Of Maharashtra Net Profit Doubles To Rs 208 Crore In June Quarter

Edited by Nikita Prasad | Thursday July 22, 2021

Bank of Maharashtra Q1 Results: The Pune-based public-sector lender's net profit jumped 104 per cent -almost two-folds to Rs 208 crore in the first quarter of the current fiscal

Government Eases Foreign Investment Rules To Aid Bharat Petroleum Sale: Report

Government Eases Foreign Investment Rules To Aid Bharat Petroleum Sale: Report

Reuters | Thursday July 22, 2021

The Cabinet approved plans to allow 100 per cent foreign direct investment in state-run oil companies in which a strategic stake sale is announced.

Rupee Gains For 2nd Session To 74.46 Against Dollar Amid Rally In Domestic Equities

Rupee Gains For 2nd Session To 74.46 Against Dollar Amid Rally In Domestic Equities

Edited by Nikita Prasad (With inputs from Agencies) | Thursday July 22, 2021

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the local unit opened at 74.46 against the dollar and registered an intra-day high of 74.33

Plea In Supreme Court For GST Appellate Tribunal Formation

Plea In Supreme Court For GST Appellate Tribunal Formation

Press Trust of India | Thursday July 22, 2021

A petition has been filed before the Supreme Court seeking constitution of the Goods and Services Tax Appellate Tribunal.

Havells India Gains 5% After Profit Jumps 4 Times To Rs 236 Crore In June Quarter

Havells India Gains 5% After Profit Jumps 4 Times To Rs 236 Crore In June Quarter

Edited by Nikita Prasad | Thursday July 22, 2021

Havells India Share Price: On Thursday, Havells India opened on the BSE at Rs 1,150, swinging to an intra day high of Rs 1,184 and an intra day low of Rs 1,125.50, throughout the session

Competition Commission Accuses Amazon Of Hiding Facts In Future Group Deal

Competition Commission Accuses Amazon Of Hiding Facts In Future Group Deal

Reuters | Thursday July 22, 2021

In a letter dated June 4, the Competition Commission of India said Amazon hid factual aspects of the transaction by not revealing its strategic interest in Future Retail when it sought approval for the 2019 deal.

Jubilant FoodWorks Rallies 12% After Profit Rises To Rs 63 Crore In June Quarter

Jubilant FoodWorks Rallies 12% After Profit Rises To Rs 63 Crore In June Quarter

Edited by Nikita Prasad | Thursday July 22, 2021

Jubilant FoodWorks Share Price: Share price of the food service company rallied 12 per cent to touch a 52-week high of Rs 3,449.90 after reporting a net profit of Rs 63 crore in Juen quarter

Financial Bids For Air India Disinvestment Likely by September 2021, Says Centre

Financial Bids For Air India Disinvestment Likely by September 2021, Says Centre

Edited by Animesh Singh | Thursday July 22, 2021

The Centre is likely to receive financial bids for its 100 per cent stake sale in Air India, by September 15, 2021 from qualified interested bidders.

Sensex Jumps Over 600 Points; Financials, IT Outshine

Sensex Jumps Over 600 Points; Financials, IT Outshine

Edited by Peter Noronha | Thursday July 22, 2021

The day belonged to financial and metal stocks, with Tech Mahindra, Bajaj Finance, Bajaj Finserv and Infosys were among the significant gainers on the BSE

Hindustan Unilever Net Profit Rises 9.5% To Rs 2,061 Crore In June Quarter

Hindustan Unilever Net Profit Rises 9.5% To Rs 2,061 Crore In June Quarter

Edited by Nikita Prasad | Thursday July 22, 2021

Hindustan Unilever Q1 FY22 Results: Hindustan Unilever Limited - the country's leading fast-moving consumer goods maker reported a net profit of Rs 2,061 crore on a standalone basis, registering a growth of 9.5 per cent in the April-June quarter from Rs 1,881 crore during the same quarter last year. The total income stood at Rs 11,982 crore, compared to Rs 10,716 crore in the year-ago period.