IPL 2024 Update: IPL is one of the biggest sports leagues in the world. Now, Saudi Arabia wants to invest in the world’s biggest cricket league, IPL. Crown Prince Mohammed bin Salman visited India in September to participate in the IPL. Saudi Arabia wants to invest 5 billion dollars in IPL Saudi Arabia wants to…
Suzlon Energy Share price: Shares of Suzlon Energy rose by 5 percent in early trade today and reached a nine-year high of Rs 34.44 on BSE. The company’s shares are at their highest level since June 2014. It has also surpassed its previous high of Rs 34.10 touched on October 23. Its 52-week low is…
PMI Service Sector: India’s service sector activity fell to a seven-month low in October. This decline has occurred due to the softening of production and demand amid competitive conditions and price pressure. The seasonally adjusted S&P Global India Services PMI business activity index reached 58.4 in October. It had reached a 13-year high of 61…
Adani Group’s company Adani Power Limited has declared the results for the second quarter (July-September) of the financial year 2023-24. The company’s net profit in Q2FY24 increased by 848% year-on-year (YoY) to Rs 6,594 crore. This includes a one-time gain of Rs 1,371 crore in the form of tax credit. The company had registered a…
Tata Group company Tata Consumers Products Limited (TCPL) will merge its three wholly owned subsidiaries – Nourishiko Beverages, Tata SmartFoods and Tata Consumer Soulful. The board of directors of the FMCG unit of the Tata Group firm has approved the merger of the three wholly owned subsidiaries. Why this merger Tata Consumers said the merger…
The Enforcement Directorate (ED) has taken action against Jet Airways founder Naresh Goyal and five others in the Canara bank fraud case. ED has seized property worth Rs 538 crore in this case. The attached properties include 17 residential flats and bungalows and commercial campuses in the names of various companies and individuals. CBI and…
GST collection October: The government has collected Rs 1.72 lakh crore from Goods and Services Tax (GST) in October 2023. This is 13% more than a year ago i.e. October 2022. Then Rs 1.51 lakh crore was collected from GST. A month ago in September, the government collected Rs 1.63 lakh crore from GST. Till…
Adani Wilmar Revenue: Adani Wilmar, Adani’s retail food business company, has released the results for the second quarter of the financial year 2023-24 (Q2FY24). The company has suffered a loss of ₹131 crore in the July-September quarter. The company had earned a profit of ₹48.76 crore during the same period of the last financial year….
Zee Sony merger: A bench headed by the chairman of appellate tribunal NCLAT will hear the plea of Axis Finance and IDBI Bank against the merger of Zee Entertainment and Culver Max Entertainment (formerly Sony Pictures Networks India). The petitions of Axis Finance and IDBI Bank were put up for hearing on Tuesday before a…
Telecom company Bharti Airtel has made a profit of Rs 1341 crore in the second quarter of the current financial year. Airtel had made a profit of Rs 2145.2 crore in the September quarter of last year. The company’s profit has declined by 37% compared to the same period last year. Airtel’s revenue increased by…