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Indian control clause dropped after changes in insurance law, says IRDAI
Under the new structure of 74 percent FDI limit, the majority of directors on the boards and key management positions will be resident Indians with at least 50 percent directors will be independent directors. Continue reading
Dr Lal PathLabs Q1 net profit zooms nearly 5-fold to Rs 133.7 crore
The company had posted a net profit of Rs 28.4 crore for the corresponding period of the previous fiscal, Dr Lal PathLabs said in a regulatory filing. Continue reading
JSW Energy Q1 profit down 6% to Rs 201 crore
During the quarter, total revenue stood at Rs 1,860 crore as against Rs 1,887 crore in April-June 2020-21, primarily due to reduction attributable to the impact of job work at the standalone entity, partly offset by increase in long-term sales and oth… Continue reading
Remain committed to zero debt target by FY24: Tata Motors Chairman N Chandrasekaran at AGM
Though Tata Motors managed to reduce its net automotive debt at the consolidated level in FY21, the same ballooned up to Rs 61,300 crore by end of Q1FY22. Continue reading
Rupee falls 13 paise to close at 74.42 against US dollar
At the interbank foreign exchange market, the local unit witnessed high volatility. Continue reading
Consumer durable firms expand digital efforts, says Emkay report
The report said over the last few years, Havells has been leading the charge in terms of digitisation, with ~96 percent orders from the trade currently being generated from its digital portal. Continue reading
Stamp duty collections in Mumbai at Rs 500 crore in July 2021; around 20% increase over June
Registrations touch over 9,000 housing units compared to 7,851 units in June 2021 which is an increase of 15 percent; The number has risen by almost 20 percent compared to July 2019 when 7,534 units were registered. Continue reading
Gainers Losers: 10 stocks that moved most on July 30
Concerns over sluggish economic growth and rising inflation globally pulled the Sensex and the Nifty down Continue reading
Euro zone rebounds strongly, inflation above ECB target
The European Union#39;s statistics office Eurostat said on Friday that its initial estimate of gross domestic product in the 19 countries that use the euro currency was growth of 2.0 percent quarter-on-quarter and 13.7 percent year-on-year. Continue reading
Taking Stock: Sensex, Nifty end marginally lower amid volatility; pharma outshines
Among sectors, the Nifty pharma index added 3.6 percent, while the auto index rose nearly a percent. However, some selling was seen in the metal and financial names. Continue reading
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