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Adani Ports & SEZ Q1 Net Profit Surges 47% To Rs 3,107 Crore
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday posted a 47 per cent rise in its consolidated net profit to Rs 3,107 crore in the June quarter of the current financial year on account of higher income.
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Adani Ports Posts 47% Rise In Q1 Consolidated Net Profit To Rs 3,107 Crore
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday posted a 47 per cent rise in its consolidated net profit to Rs 3,107 crore in the April-June quarter of the current financial year on account of higher income.
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Government Estimates Centre's Debt To Rise To Rs 185 Lakh Crore In FY25
The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year.
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India's Current Account Turns Surplus After Deficit In Last Quarter: Report
India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, which equates to 0.6 per cent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024, according to a recent report by CRISIL.
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Too Premature To Shift RBI Policy Stance; Any Form Of Adventurism Has To Be Shunned: Shaktikanta Das
The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.
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Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
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"Rs 65 Crores Transferred": Congress' Ajay Maken Slams Centre In Tax Row
The Congress on Wednesday claimed the Income Tax Department had withdrawn Rs 65 crore from three of its accounts - towards a "unprecedented" tax demand of Rs 210 crore - despite the claim currently being heard by a tribunal.
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RBI Permits Banks To Open Current Accounts For Export Proceeds In Addition To Special Rupee Vostro Accounts
India has been trying to promote rupee trade following the Russia-Ukraine war and the sanctions imposed by the West.
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Apple Supplier Pegatron Halts Work at iPhone Plant for Second Day After Fire
Apple supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhone models for a second straight day at its south India factory where a fire broke out on Sunday, three sources told Reuters.
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Indian-Origin Vaibhav Taneja Named New Tesla CFO as Zachary Kirkhorn Steps Down
Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.
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Yulu Plans to Expand Operations in India and Abroad, Expects to Turn Profitable
E-bike rental startup Yulu, which is looking to go public, expects to turn operationally profitable by September and plans to expand its presence in India and abroad, its chief executive said. The startup, which currently operates in Bengaluru, Delhi and Mumbai, will venture into cities including Hyderabad, Pune, Chennai, Kolkata and Ahmedabad over...
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Consumers' Right to Data Protection, Privacy and Safe Internet Can Never Be Compromised, MoS IT Says
Minister of State for Electronics and IT Rajeev Chandrasekhar said on Friday that platforms in the digital space will always be held accountable to their customers by the government. Big Tech has avoided regulation all around the world "because they masqueraded as innovation", according to the MoS IT. The government is currently conducting a nation...
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Current Account Deficit To Remain Moderate, Eminently Manageable: RBI Governor
Reserve Bank Governor Shaktikanta Das today exuded confidence that India's current account deficit (CAD), a key external sector indicator, is likely to remain moderate in the January-March quarter of 2022-23.
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Mercedes-Benz to Launch 4 New Electric Vehicles in India by Next Year
German luxury carmaker Mercedes-Benz plans to launch four new electric vehicles in India in the next 8-12 months to accelerate its electric mobility drive, Mercedes-Benz AG Head of Region Overseas Matthias Luehrs said on Thursday. The company expects 25 percent of its total sales in India to come from electric vehicles in India by 2027.
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Apple, Foxconn Efforts Lead to Labour Reforms Ahead of Plans to Ramp Up Production in India: Report
Apple and Foxconn, a major supplier for the Cupertino company, successfully lobbied for liberalisation of labour laws in Karnataka earlier in March, according to a report. Lobbying by Apple and Foxconn led to laws that allow 12-hour shifts and night-time work for women in the state.
-
Adani Ports & SEZ Q1 Net Profit Surges 47% To Rs 3,107 Crore
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday posted a 47 per cent rise in its consolidated net profit to Rs 3,107 crore in the June quarter of the current financial year on account of higher income.
-
Adani Ports Posts 47% Rise In Q1 Consolidated Net Profit To Rs 3,107 Crore
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday posted a 47 per cent rise in its consolidated net profit to Rs 3,107 crore in the April-June quarter of the current financial year on account of higher income.
-
Government Estimates Centre's Debt To Rise To Rs 185 Lakh Crore In FY25
The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year.
-
India's Current Account Turns Surplus After Deficit In Last Quarter: Report
India has recorded an improvement in its current account, achieving a surplus of $5.7 billion, which equates to 0.6 per cent of its gross domestic product (GDP) in the fourth quarter of fiscal year 2024, according to a recent report by CRISIL.
-
Too Premature To Shift RBI Policy Stance; Any Form Of Adventurism Has To Be Shunned: Shaktikanta Das
The Reserve Bank of India's Governor Shaktikanta Das emphasized caution in changing monetary policy, citing premature conditions for adjustment.
-
Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
-
"Rs 65 Crores Transferred": Congress' Ajay Maken Slams Centre In Tax Row
The Congress on Wednesday claimed the Income Tax Department had withdrawn Rs 65 crore from three of its accounts - towards a "unprecedented" tax demand of Rs 210 crore - despite the claim currently being heard by a tribunal.
-
RBI Permits Banks To Open Current Accounts For Export Proceeds In Addition To Special Rupee Vostro Accounts
India has been trying to promote rupee trade following the Russia-Ukraine war and the sanctions imposed by the West.
-
Apple Supplier Pegatron Halts Work at iPhone Plant for Second Day After Fire
Apple supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhone models for a second straight day at its south India factory where a fire broke out on Sunday, three sources told Reuters.
-
Indian-Origin Vaibhav Taneja Named New Tesla CFO as Zachary Kirkhorn Steps Down
Tesla's finance chief Zachary Kirkhorn has stepped down after four years in the role, the world's most valuable automaker said and named accounting head Vaibhav Taneja in his place, sending shares down more than 3 percent on Monday. During his tenure, Tesla posted its first quarterly profit after it launched the mass-market Model 3 compact sedan.
-
Yulu Plans to Expand Operations in India and Abroad, Expects to Turn Profitable
E-bike rental startup Yulu, which is looking to go public, expects to turn operationally profitable by September and plans to expand its presence in India and abroad, its chief executive said. The startup, which currently operates in Bengaluru, Delhi and Mumbai, will venture into cities including Hyderabad, Pune, Chennai, Kolkata and Ahmedabad over...
-
Consumers' Right to Data Protection, Privacy and Safe Internet Can Never Be Compromised, MoS IT Says
Minister of State for Electronics and IT Rajeev Chandrasekhar said on Friday that platforms in the digital space will always be held accountable to their customers by the government. Big Tech has avoided regulation all around the world "because they masqueraded as innovation", according to the MoS IT. The government is currently conducting a nation...
-
Current Account Deficit To Remain Moderate, Eminently Manageable: RBI Governor
Reserve Bank Governor Shaktikanta Das today exuded confidence that India's current account deficit (CAD), a key external sector indicator, is likely to remain moderate in the January-March quarter of 2022-23.
-
Mercedes-Benz to Launch 4 New Electric Vehicles in India by Next Year
German luxury carmaker Mercedes-Benz plans to launch four new electric vehicles in India in the next 8-12 months to accelerate its electric mobility drive, Mercedes-Benz AG Head of Region Overseas Matthias Luehrs said on Thursday. The company expects 25 percent of its total sales in India to come from electric vehicles in India by 2027.
-
Apple, Foxconn Efforts Lead to Labour Reforms Ahead of Plans to Ramp Up Production in India: Report
Apple and Foxconn, a major supplier for the Cupertino company, successfully lobbied for liberalisation of labour laws in Karnataka earlier in March, according to a report. Lobbying by Apple and Foxconn led to laws that allow 12-hour shifts and night-time work for women in the state.
