Indian Financial News

28.07 / 11:18

Indian Indian companies will soon be allowed to directly list their shares overseas: FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday said domestic companies can now go in for direct listing on foreign exchanges and the International Financial Services Centre (IFSC) in Ahmedabad.

28.07 / 11:17

performer Indian Indian Oil Corporation Q1 Results: Net profit rises 37% to ₹13,750 crore; revenue falls 2.3% QoQ

₹13,750.44 crore in the quarter ended June 2023, rising 36.7% from ₹10,058.69 crore in the previous quarter. The company had posted a net loss of ₹1,992 crore in the same quarter last year. IOC’s revenue from operations in Q1FY24 fell 2.36% to ₹2.21 lakh crore from ₹2.26 lakh crore, QoQ.

28.07 / 11:17

UPS Airlines Indian Indian Airlines To Face Capacity Shortage In Peak Travel Season | Mint Primer

Indian airlines face a potential capacity shortage... moreIndian airlines face a potential capacity shortage in the peak December quarter due to sluggish aircraft induction plans.

28.07 / 10:23

Indian Indian Oil Q1 profit jumps multifold to Rs 14,735.30 crore, revenue down 11.7%

State-run oil marketing company Indian Oil Corporation Ltd (IOC) on Friday posted a fiscal first quarter profit jump of 1568.9 per cent at Rs 14,735.30 crore, from Rs 882.96 crore during the first quarter of FY23, beating estimates. It posted revenue from operations during the quarter in review at Rs 2,25,410.49 crore, down 11.7 per cent as against Rs 2,55,378.21 crore during the corresponding quarter of last year. According to CNBC TV18 estimates, Indian Oil was expected to post Q1 profit at Rs 13,492 crore, and revenue at Rs 1.97 lakh crore.

28.07 / 09:01

Citi country Indian Singapore in close contact with Indian authorities to seek exemption from non-basmati rice export ban

Singapore is in close contact with Indian authorities to seek exemption from the country's ban on export of non-basmati rice, the city state's food agency said on Friday. "Singapore Food Agency (SFA) is working closely with importers to increase the import of different varieties of rice from various sources. Singapore is also in close contact with the Indian authorities to seek exemption from the ban," said a statement from SFA.

28.07 / 09:01

COST Citi Booking CEO Strategy country Indian open Open for all kinds of opportunities where our risk-rewards match: SL Jain, Indian Bank

«The macros of the country, they are all good. And we are seeing opportunities in almost all sectors whether it is steel, cement, textile, even city gas, advanced metering, NBFCs. So there are a number of sectors where we are getting good opportunities even in LRDs and all.

28.07 / 09:01

UPS Lowe's NIFTY show Indian Indian Oil Corp. shares up 0.21% as Nifty drops

Indian Oil Corporation Ltd. traded 0.21 per cent up in Friday's trade at 02:10PM (IST). Around 649,654 shares changed hands on the counter.

28.07 / 07:19

COST EUR show performer Indian valuation Indian Hotels investors have a good view, but stock valuation is pricey

₹1,466 crore. However, elevated costs hampered an expansion at the Ebitda (earnings before interest, tax, depreciation, and amortization) level, despite the growth in revenue. The hospitality major flagged increased marketing expenses during its earnings call, leading to a 187 basis-point reduction in its Ebitda margin year-on-year, falling to 28% in Q1.

28.07 / 06:41

COST UPS FIVE CEO Enterprise Indian All initiatives will add to Indian Hotels top line, margins & benefit as demand outpaces supply: Puneet Chhatwal

Puneet Chhatwal, MD & CEO, IHCL, says “traditionally Q3 has been the strongest quarter for the sector and will continue to be so for Indian Hotels. What is interesting for us is to have gone beyond Rs 1,500 crore in top line, posting a 17% increase on consolidated level as most of our growth is based on asset-light, fee-based business.

28.07 / 05:07

UPS Lowe's SENSEX show Indian share price Share price of Indian Hotels jumps as Sensex drops 229.91 points

Indian Hotels Company Ltd. gained 0.15 per cent to Rs 385.55 at 10:30AM (IST) in Friday's trade.

28.07 / 04:33

Citizens Racing Fighting social Indian US Presidential ‘Trump on steroids’: Indian-American calls himself ‘pure blood’ candidate, enters US presidential race; netizens react

earning the nickname 'Trump on steroids' from the state's Democrat Senate President. “I am the only ‘pure blood’ candidate for president because I never gave in to the COVID vaccinations. Even New Jersey’s Democrat Senate President labelled me as ‘Trump on steroids," he said.

28.07 / 04:33

performer Indian Indian Oil Corporation Q1 results: Net profit seen at ₹10,347 crore upon revenue of ₹1.95 lakh crore

₹10 per liter for petrol and 12.6 per liter for diesel in Q1FY24, primarily led by a decline in Brent prices and the retail fuel prices remaining unchanged during this period. Brent crude prices averaged $78.4/bbl during the quarter, declining 3% QoQ as demand concerns have thus far overshadowed the impact of production cuts. Read all Q1 Results here Meanwhile, Singapore GRM of OMCs declined to $4.0 per barrel from $8.2 per barrel in Q4FY23, with middle distillate cracks declining during the quarter.

28.07 / 02:27

UPS Aware Manufacturing Indus electronic Indian Stocks to Watch: ITC, ACC, Cipla, Indian Bank, LIC, JK Lakshmi Cement

ITC: Cigarettes-to-hotel major ITC Ltd held its investor conference call on July 27, 2023. The chairman and managing director, Sanjiv Puri, explained the reason why the company chose to retain a 40% stake in the demerged ITC Hotels. Puri said, the demerged entity to have a 'royalty-like' arrangement for use of the other ITC brands and assets.

28.07 / 01:49

DOW NIFTY MSCI Nikkei Indian Gift Nifty, Asian markets, US GDP growth to ECB rate hike - key triggers for Indian stock market today

Read here: US GDP growth accelerates to 2.4% in Q2 despite Fed rate hikes Meanwhile, the European Central Bank (ECB) raised interest rates by 25 basis points to 3.75%, its highest level since 2001. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4%. The Nikkei 225 declined 1.35% and the Topix fell 1%.

28.07 / 01:47

Enterprise electronic Indian Stocks in news: Adani Enterprises, RailTel, IOC, SBI Card, Indian Hotels

Adani EnterprisesAdani Enterprises arm Adani New Industries has raised a trade finance facility of $394 million (Rs 3,231 crore) from Barclays and Deutsche Bank.BELBharat Electronics has reported net profit of Rs 531 crore for the quarter ended June. Revenue for the same period stood at Rs 3511 crore.RailTelRailTel has posted net profit of Rs 38.4 crore for the first quarter.

27.07 / 19:19

UPS Citi Provident Pool social Indian Nuclear families reach 50% milestone in Indian households

NEW DELHI : Nuclear families comprised half of Indian households in 2022, up from 34% in 2008, signifying a major shift in the way families reside in small and large cities. This change in family structure has a bearing on future consumption as nuclear families tend to outspend joint families and experiment with more premium products, market researcher and insights provider Kantar said in a report. Nuclear families are better educated with 80% having some level of education.

27.07 / 18:18

Provident Digital Tether show country voice Indian CFA Support CFA Institute Survey: Chinese and Indian Investment Professionals Show Strong Support for CBDC

Investment professionals in both China and India are largely bullish on Central Bank Digital Currency (CBDC), according to a new survey from the CFA Institute.

27.07 / 13:33

Indian Why Big Indian Corporates Are Enhancing Their NBFC Divisions? MINT Explains

On Wednesday Mahindra group acquired 3.35% stake i... moreOn Wednesday Mahindra group acquired 3.35% stake in RBL bank.

27.07 / 13:23

UPS FIVE Indian Indian Energy Exchange Q1 Result: Net profit up 10% to Rs 76 crore in Q1

Indian Energy Exchange on Thursday posted a 10 per cent increase in consolidated net profit to Rs 75.82 crore in the June quarter on the back of higher revenues. The consolidated net profit of the company was Rs 69.12 crore in the first quarter of the previous fiscal, according to a BSE filing.

27.07 / 12:03

UPS Indian Indian Hotels Q1 Results: Net profit up 31% at ₹222.4 crore, revenue jumps 16% YoY

₹up 30.8 percent at ₹222.4 crore from ₹170.1 crore in the corresponding quarter of last year. Apart from this, the revenue too surged 15.8 percent at ₹1,466.4 crore in Q1FY24 against ₹1,266.1 crore in Q1FY23, it said in a stock regulatory filing.

27.07 / 11:01

UPS Indian surges Indian Bank Q1 Results: Net profit up 47% at ₹1,709 crore, NII surges 26% YoY

₹1,709 crore June 23 from ₹1,213 crore in the corresponding quarter of last year. Apart from this, the Indian Bank also said that the net interest income increased by 26% YoY to ₹5,703 crore in Q1FY23 from ₹4,534 in Q1FY22.

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