Forex Reserves rise to record high of $620.57 billion
The increase in the increment of the reserves led to the gradual growth of foreign policy assets. Which proved to be a major element in general for all the reserves.
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AU Small Finance Bank reports 15% hike in net profit for June quarter
Net investment inhabited a growth of 40 per cent to Rs Rs 724 crore from Rs 516 crore. Due to the variant decrease in the cost of funds by 88 basis points under the facilitation growth, as quoted by the bank. The tax was said to be higher by 15 per cent even after profit investment.
Government schools in Jammu & Kashmir to be renamed after martyrs
The government of India issued a notice initiating the renaming of all the government schools in Jammu and Kashmir, to honour and give tribunal to the martyr soldiers and officials of the Indian Army, Central Reserve Police and the Jammu and Kashmir Police.
Adani Power Ltd claimed net earnings of ₹278.22 crores
The company was estimated to suffer a loss of ₹682.46 crores last year. The total net investment earned is said to be ₹7,213.21 from ₹5,356.19. It has been reported that power units sold 16.2 billion units for Q1 FY'22 which were comparatively more in volume than Q1 FY'21 with sales of 12.7 BU.
Heavy rains in parts of Madhya Pradesh
The India Meteorological Department (IMD) has reported that around 23 districts of Madhya Pradesh are predicted with 'very heavy rainfall in 6 districts and 'heavy' rainfall in 17 different districts. The department has issued an 'orange alert' for 6 districts at the same time as a 'yellow alert' for 17.
Net profit jumps 500% to Rs 1,529.92 crore – GAIL India
GAIL India to achieve a 500 per cent jump in its June belt net gain on higher sales and margin boost on gas and petrochemicals. Net earnings of Rs 1,529. 92 crore in April-June was up from Rs 255.51 crore within the equal duration a year back.
BSNL collaborates with Vodafone, to achieve 4G synergy
Since BSNL has no 4G, a collaboration with Vodafone Idea in a pan-India roaming act will prove to be beneficial for its customers as it will provide the users with a high-speed data network. This pact is regarded to be the first step towards a synergy between a government-owned network and a private operator.
Deadline for e-filing of various IT forms extended by CBDT
The dates of submission were postponed by the CBDT due to the issues faced by taxpayers and other stakeholders in the electronic filing of these forms.
BMW India launched its Individual 740Li M Sport Edition, Check price here
BMW India launched its Individual 740Li M Sport Edition in the country priced at ₹1.42 crore on Tuesday 3 August 2021.
Nuvoco Vistas Corporation to open IPO on August 9, Details here
The business enterprise is making plans to raise Rs 5,000 crore through public offer, comprising a clean problem of Rs 1,500 crore and a suggestion for sale of Rs 3,500 crore by promoter Niyogi Enterprise.
Travel app Ixigo turns public ahead of IPO
This move has proved to be a variant in the market, as they have diverted in the race of the capital market and conjured a different gear.
ICICI Bank now the second largest financial firm in terms of M-cap
ICICI bank efficiently claimed the spot as the second largest Finacial firm, by excelling HDFC
HDFC’S NIM pitfalls drop to 3.7%, disbursements rise to 22%
The company's earnings dropped from 3,000.6 crores last year to 3,051.5 crores this year.
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