Show Financial News

Tata Steel reported consolidated revenues of ₹59,490 crores for the quarter, with an EBITDA of ₹6,122 crores and an EBITDA margin of 10%. The Profit after Tax stood at ₹525 crores, impacted by non-cash deferred tax charge related to the buy-in transaction at British Steel Pension Scheme, successfully derisking Tata Steel UK. During the quarter, the company invested ₹4,089 crores in capital expenditure, focusing on projects like the 5 MTPA expansion at Kalinganagar and the 0.75 MTPA EAF mill in Punjab.

MG Motor India, which faced disruptions in production through most of the past one year, said with an expected improvement in the supply chain in the second half of 2023, it will be able to clock a quarter of its sales from electric vehicles (EVs) this year. While limitations continue in availability of components amid global challenges, from the Russia-Ukraine war to logistical delays in intercontinental movement, supplies have started showing an improvement, said Gaurav Gupta, deputy managing director, MG Motor India. “We have started ramping up operations with easing of constraints in the supply chain.

eye infection are on the rise in Delhi, with many doctors cautioning that it is «highly contagious» and proper hygiene behaviour needs to be maintained to check its spread. Doctors at both government and private hospitals said they have been receiving cases largely from the younger population in the city. It is not sight-threatening but needs professional advice, they said.

₹4,12,227.1 crore to state-backed corporations and public sector undertakings during 2022-23, down from ₹4,93,379.2 crore in the previous year, finance minister Nirmala Sitharaman informed the Parliament in a written response on Monday. Responding to questions by member of parliament, Velusamy P, Sitharaman informed the Lok Sabha that Canara Bank led the lending during 2022-23 to government backed entities at ₹1,87,813 crore during the recently concluded fiscal year, followed by Punjab National Bank ( ₹70,142.5 crore), State Bank of India ( ₹66,523.2 crore), Bank of India ( ₹25,147 crore), Bank of Baroda ( ₹15,706.8 crore), Union Bank of India ( ₹12,584.8 crore), Bank of Maharashtra ( ₹10,822.7 crore), Indian Bank ( ₹9,021 crore), Indian Overseas Bank ( ₹7,490 crore), Central Bank of India ( ₹3,949 crore), UCO Bank ( ₹2,939.4 crore), and Punjab and Sind Bank ( ₹87.7 crore).

By Safiyah Riddle

This is important because the British government has said that stepping in to host the commonwealth games is ‘slightly ahead of time’. Which Commonwealth nation has come forward? New Zealand and another Australian state have said that they are not ready to host the multisports event. The Caribbean islands of Trinidad and Tobago are hosting the Commonwealth Youth Games from August 4 to August 11. More than one thousand athletes between the age of 14 and 18 are expected to participate in the youth games. As they have the infrastructure ready and have invested a lot, they may be ready to host the event, but the Caribbean islands are yet to make an offer. London Mayor Sadiq Khan has shown interest in hosting the match considering the fact that GBP 500 is less than what it may cost in other countries to host such a massive event. He has said that London ‘stands ready’ to host the games, but he added that it is up to the government to submit the bid. But the government wants Australia to take the responsibility.Indian Olympic General Secretary Rajiv Mehta has said that India is interested in holding the 2026 Commonwealth Games. The Malaysian state of Selangor has also shown interest in hosting the games. The Malaysian city of Kuala Lumpur hosted the event in 1998. Sri Lanka was preparing in November 2020 to offer to host the 2026 Commonwealth Games in Hambantota. Similarly, the Canadian city of Victoria too has said that it can host the games. Canada hosted the Commonwealth Games in 1994.

Linklaters has become the latest legal powerhouse to report stagnating profit amid a tough market for the City's lawyers.

China got their campaign up and running at swimming's world championships on Monday, claiming two gold medals to banish the memory of a forgettable showing at last year's competition. China won only one individual gold in the pool last year in Budapest but they doubled that tally in the evening's first two races in the southern Japanese city of Fukuoka.Qin Haiyang got things started with victory in the men's 100m breaststroke, taking advantage of dominant Olympic champion Adam Peaty's absence from the competition.Zhang Yufei followed that up with gold in the women's 100m butterfly, beating Olympic champion Maggie MacNeil into second place in a field chock-full of talent. «Last year the whole team didn't perform very well, and we worked hard and tried to be ready for these championships,» Zhang said.

«Recently a video of Manipur got viral showing two ladies who were under capture of mob and were paraded in a disgraceful manner by disrobing them and were subjected to the sexual harassment. This entire incident shocked the nation.

Upstart financial services challenger Alex Bank is set to go cap in hand to investors for a<a href=«https://www.google.com/url?sa=t&rct=j&q&esrc=» https:> second multi-million dollar capital

Alliance (NDA) versus Opposition alliance I.N.D.I.A on the Manipur violence and sexual harassment case.  Smriti Irani at the BJP headquarters in Delhi said that Congress is running away from discussion on Manipur. The politician further reiterated the claim that sexual harassment were prevalent in opposition party ruled states.  “Congress is running away from discussion on Manipur as they know they will have to answer on crimes against women in their states but I want to appeal that stop using crime against women as instruments to settle political scores..." BJP MP Smriti Irani told reporters.  Since after the video of two Kuki Zo women being sexually harassed by a mob of Meitei men became viral also revealing that the crime that took place on 4 May, found no punitive action till mid-July, Opposition has accused the ruling dispensation of turning a blind eye.  Meanwhile BJP has counter attacked the opposition by flagging sexual harassment cases in states governed by Congress, Trinamool Congress (TMC).  The opposition mounted a fresh attack on the government after the May 4 incident video surfaced showing two women from one of the warring communities in Manipur being paraded naked and assaulted by a group of men from the other side.  Six people have been arrested so far, including a juvenile, involving the incident.

Nifty ended 73 points lower. Nifty is currently placed at the immediate support of 10-day EMA at 19,650 levels and the important lower support of 20-day EMA is placed around 19450 levels. The said 20-day EMA has been holding for the past three months and has offered support for Nifty to witness upside bounces from it in the past, said Nagaraj Shetti of HDFC Securities.

ThinkInk Picturez Ltd. (BSE: 539310), a leading entertainment and content company, is experiencing an extraordinary surge in growth, propelling it to new heights of success. This remarkable trajectory can be attributed to the company's forward-thinking leadership, a constant stream of entertaining movies, and an unwavering commitment to delivering excellence.

New Delhi: Consumption of petroleum products in India during April-June rose 4.9% year-on-year (YoY) to 58.8 million metric tonne.  Data from Petroleum Planning and Analysis Cell (PPAC) showed that the growth was led by a 13.4% growth in jet fuel consumption, followed by an 8.1% increase in diesel use and 6.8% rise in petrol usage. A total of 2 million metric tonne (MMT) aviation turbine fuel (ATF) was consumed during the first quarter of this fiscal, against 1.7 million metric tonne a year ago. Diesel and petrol consumption stood at 23.9 MMT and 9.4 MMT, respectively, during the quarter under review, compared to 22.2 MMT and 8.8 MMT, respectively, a year ago.

input costs will aid the margins of JSW Steel over the remainder of the ongoing financial year, especially in the latter half, Jayant Acharya, the company’s joint managing director, told ET. The selling price of the alloy has bottomed out after coming under pressure in recent months, and it should remain «range bound» at current levels, Acharya said. Prices of benchmark hot-rolled coils (HRC) of steel are in the range of Rs 55,000-56,000 a tonne before taxes, data show.

New Delhi: Around 70% of people who filed income tax returns in FY23 reported no tax liability, data presented to the Parliament by finance minister Nirmala Sitharaman in a written response to a question showed. In FY23, 74 million persons filed income tax returns but 51.6 million reported zero tax liability, showed the data.

Elon Musk founded Space X's Falcon 9 rocket has punched a hole in the Ionosphere, a part of the 10,000 kilometres Atmosphere. One Falcon 9 Rocket launched 22 Starlink satellites to orbit 23 July, Sunday, and landed the returning rocket on a ship at sea, according to reports.  Elon Musk founded Space X's Falcon 9 Rocket is a reusable, two-stage rocket for ‘reliable and safe transport’ of people and payloads into Earth orbit and beyond,  as explained in the company website. The Falcon 9 rocket has conducted 240 launches and 198 landings.

(Reuters) — Mexico's headline inflation eased in the first half of July to its lowest level in more than two years, the national statistics agency said on Monday.

Open Network for Digital Commerce (ONDC) has been seeing an increase in transactions across the board, says ONDC Chief Business Officer, Shireesh Joshi. He added that while the exact numbers couldn't be revealed, the volume of orders for the brands that have joined the network has been increasing since January. ET recently reported that a study done by the Industrial Credit and Investment Corporation of India (ICCI) services financial firm showed that daily transactions in the network would scale up to 200,000 from the present 80,000 by December.

The three-day comatose mode for markets ahead of the Federal Reserve’s rate decision is on, with oil prices barely moving Monday amid debate on what the central bank would say about — rather than immediately do — with rates when it meets Wednesday.

Jammu and Kashmir recently witnessed a surge in infiltration attempts from across the border with over 20 terrorists being eliminated by Army personnel in two months, security experts point to Pakistan's frustration with the successful G20 meeting in Kashmir. The surge in the infiltration from across the LoC gained momentum in May, around the time of the G20 event, and it continued into June and July.