Business

January 13, 2021 5:52 PM

Infosys reports 16.8 per cent, year-on-year, rise in consolidated net profit at Rs 5,215 crore for 3d quarter of current fiscal

Infosys has reported a 16.8 per cent, year-on-year, rise in consolidated net profit at Rs 5,215 crore, for the third quarter of this fiscal. Gross revenue for the quarter rose 12.3 per cent, year-on-year, to Rs 25,927 crore. The company also raised revenue guidance band to 4.5-5 per cent, and earn...

January 13, 2021 5:32 PM

Milk marketers report robust milk sales for December

Milk marketers have reported robust milk sales for December. Milk marketing co-operative, Amul said it saw record milk sales during December, while Mother Dairy said its milk sales in the household category grew to the pre-COVID levels. Gujarat Cooperative Milk Marketing Federation says liquid mil...

January 13, 2021 5:29 PM

Asian stock markets end mixed as hopes of continued policy support from Federal Reserve to US economy lifts sentiment

Asian stock markets ended mixed, today, as hopes of continued policy support from the Federal Reserve to the US economy lifted sentiment. Japan's Nikkei-225 index rose 1 per cent; South Korea's Kospi index added 0.7 per cent; while Singapore's Straits Times index ended fla...

January 13, 2021 5:18 PM

Gold falls Rs 108, to Rs 48,877 per 10 grams at Delhi's bullion market

Gold fell Rs 108, to Rs 48,877 per ten grams at Delhi's bullion market today. But silver rose Rs 144, to Rs 65,351 per kilogram. In the international market, gold gained to trade at USD 1,857 per ounce. Silver was trading flat at USD 25.48 per ounce.

January 13, 2021 5:17 PM

Key indices end marginally higher on Wall Street in a volatile session

On Wall Street, the key indices ended marginally higher yesterday in a volatile session as investors waited for earnings season and monitored developments in Washington after supporters of outgoing US President Donald Trump stormed the Capitol. So the Dow Jones Industrial Average rose 60 points, o...

January 13, 2021 4:30 PM

Tesla incorporates fully owned subsidiary in Bengaluru for R&D unit and manufacturing plant for its electric vehicles

US-based Electric car maker, Tesla has incorporated a fully owned subsidiary in Bengaluru as a first step to set up an R&D unit and a manufacturing plant for its electric vehicles in the country. Tesla has registered its 100 per cent subsidiary, as - Tesla India Motors and Energy Pvt Ltd, a...

January 13, 2021 1:22 PM

Nearly 72.46 lakh farmers benefitted from ongoing Kharif Marketing Season procurement Operations

The government has said that nearly 72.46 lakh farmers have been benefitted so far from the ongoing Kharif Marketing Season- KMS procurement Operations with MSP value of over one lakh 2 thousand crore rupees. Ministry of Agriculture in a statement said that Paddy procurement for Kharif 2020-21 is...

January 9, 2021 5:43 PM

Crude oil prices surge nearly 8 % during the week

January 8, 2021 10:48 PM

RBI to conduct Variable Rate Reverse Repo auction on Jan 15 for notified amount of Rs 2 lakh cr

Reserve Bank of India has announced that it will conduct a Variable Rate Reverse Repo auction on 15th of this month for a notified amount of two lakh crore rupees. In a statement, RBI today said the decision to restore normal liquidity management operations in a phased manner has been taken after ...

January 8, 2021 2:32 PM

Three major US stocks hit record levels

The three major US stocks hit record levels yesterday amid hope of more coronavirus relief measures under a Democrat-controlled U.S. Congress to revive the pandemic hit economy. Experts said, market is now looking forward to more stimulus in Joe Biden presidency. The Dow Jones Industrial Average ...

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