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31.10 / 10:51
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IOC Q2FY24 earnings: Net profit, revenue decline sequentially; company announces dividend
Indian Oil Corporation (IOC) released its Q2FY24 numbers on Tuesday, reporting a standalone net profit of ₹12,967 crore. This marks a significant turnaround from the same period last year, when the state-owned company reported a net loss of ₹272 crore due to holding fuel prices despite the strong spike in crude oil prices. However, seen sequentially, the net profit dropped by 5.69%.
31.10 / 10:51
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Transteel Seating Technologies IPO Day 2: Issue subscribed 3.4% so far; retail portion booked 5.8x
Read here: Transteel Seating Technologies IPO: Check GMP, subscription status, other key details as SME issue opens Transteel Seating IPO opened for public subscription on October 30, Monday, and will close on November 1, Wednesday. The company is expected to finalise the basis of IPO allotment on November 6, and initiate refunds on November 7, while credit the shares into the demat accounts of eligible investors on November 8.
31.10 / 10:51
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Apple ‘hacking’ alert row: IT Minister Ashwini Vaishnaw says probe ordered into Opposition MPs' allegations
potential bid to hack their iPhones, said Union Minister for Electronics and IT Ashwini Vaishnaw, while addressing the press on October 31. "The government is concerned about this issue and it will get to the bottom of it.
31.10 / 09:41
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Rakesh Jhunjhunwala-backed IKS Health acquires AQuity Solutions for $200 million
IKS Health announced the acquisition of AQuity Solutions as its wholly-owned subsidiary for $200 million, the company said in a media release. While IKS Health (Inventurus Knowledge Solutions Limited) provides administrative, clinical, and operational services in the healthcare domain, AQuity Solutions is tech-enabled clinical documentation, medical coding and revenue integrity solutions provider for the healthcare sector. «IKS Health’s market leadership in the ambulatory market will be coupled with AQuity’s market leadership in the acute care market to create an entity that enables clinicians and their enterprises to deliver better, safer, more efficient care across the continuum of care delivery,» the media release said. The combined company, which will operate as IKS Health, will likely have annual revenues of over $330 million with a global workforce of over 14,000 employees serving over 150,000 clinicians across hospitals, health systems, and specialty groups in the US, as per the claims made by the company. “US healthcare is in crisis, one that is deepening from all sides.
31.10 / 09:19
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IOC Q2 Results: Firm reports profit of Rs 12,967 crore, announces Rs 5 dividend
Indian Oil Corp (IOC) on Tuesday reported a standalone net profit of Rs 12,967 crore for the quarter ended September 2023, as against a loss of Rs 272 crore a year ago. Revenue from operations fell 11% to Rs 2.02 lakh crore in the reporting quarter, compared with Rs 2.28 lakh crore in the same quarter of last year. The Board has also declared an interim dividend of Rs 5 per share for the year 2023-2024. The record date for the same is fixed as November 10.
31.10 / 08:53
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Should you buy life insurance and health insurance combo plans? MintGenie explores
Life insurance and health insurance are the two main types of insurance policies. Whole life insurance makes sure that your family members are taken care of after your untimely demise, and health insurance policies pay for your hospitalisation and other related expenses. Recently, some insurance providers have introduced plans that merge life and health insurance benefits, aiming to offer a one-stop solution to policyholders.
31.10 / 08:53
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Petronet LNG’s petchem diversification raises concerns; shares slide to 52-week low on rating downgrade, target cut
Petronet LNG share price continued its downward trend on Tuesday, a day after the company’s board approved to diversify into petchem business by setting up a Petrochemicals project at an estimated cost of ₹20,685 crore. Petronet LNG shares declined over 3% to hit a 52-week low of ₹195.15 apiece on the BSE on Tuesday. The fall comes after the stock cracked 8.5% in the previous session.
31.10 / 08:53
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MP Election 2023: BJP or Congress? Opinion poll reflects caste dynamics in Madhya Pradesh
India TV-CNX Opinion Poll. Earlier, the ABP-CVoter Opinion Poll data predicted that the ruling BJP and Congress are expected to undergo a neck-and-neck political battle as the saffron party is only 0.1% ahead of the grand old party in poll-bound Madhya Pradesh. The survey data showed that Congress can get 113 to 125 seats out of 230 constituencies, while BJP is likely to win 104 to 116 seats.
31.10 / 08:21
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Telegram introduces new Halloween update: Adjustable Link Previews, Quote Formatting and other features
quote specific sections of any message for precise responses. Simply tap (or hold on iOS) the message, then select the desired text and choose 'Quote' for a clear cut reply. From now on, responses can also be directed to other conversations, allowing for private replies or transitioning discussions to alternative groups or channels.
31.10 / 08:21
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‘Feels like ransomware’: Pixel users face severe issues after updating to Android 14. Google says…
Pixel Fold and Pixel Tablet - also faced the same problems. According to a report by ars Technica, the problem seemed to affect users of the 'multiple profiles' feature. The issue is so bad that it renders the smartphones 'unusable' by locking them out of their device storage, making the experience similar to being hit by 'ransomware'.
31.10 / 08:21
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Retirement planning: How does reverse mortgage loan help senior citizens to monetise their homes?
medical expenses. Reverse Mortgage Loan (RML) is a financial product that is meant explicitly for seniors so that they can monetise their homes while retaining their ownership during their lifetime. It is just the opposite of a home loan.
31.10 / 08:21
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Lodha share price jumps over 4% on Q2 results boost
Macrotech Developers (Lodha) share price rose over 4 per cent in intraday trade on BSE on Tuesday, October 31, looking set to extend gains into the third consecutive session. The stock opened at ₹769.70 against the previous close of ₹759.60 and rose 4.5 per cent to the intraday high of ₹794. The company on Saturday (October 28), said in the seasonally weakest quarter, it saw its best-ever pre-sales performance showing 12 per cent year-on-year (YoY) growth along with continued debt reduction and robust business development.
31.10 / 08:21
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TVS Motor share price touches 52-week high as Q2 results meet street estimates; here's what brokerages say
₹1,640 on BSE. TVS Motor share price started on a strong positive note, making fresh new high however from there, analysts said that they could not see follow up buying and prices have gradually declined lower.
31.10 / 08:21
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Virat Kohli’s birthday: Kolkata to celebrate in unique fashion during India’s World Cup match against South Africa
World Cup match against South Africa at Kolkata's iconic Eden Gardens. Making this extraordinary day even more special, the Cricket Association of Bengal (CAB) has devised a grand plan, as per President Snehasish Ganguly. All the tickets for the match have been sold out, pointing to a packed house eager to witness this unique alignment of cricket and celebration.
31.10 / 08:21
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Mamaearth IPO: Check out 10 key risks before investing your money
₹765.20 crore from anchor investors on Monday, October 30. Seven prominent mutual funds invested ₹253 crore in the Mamaearth IPO, receiving 33.1% of the anchor allocation.
31.10 / 03:45
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ESAF Small Finance Bank IPO opens on November 3, price band set at ₹57 to ₹60 per share
₹57 to ₹60 per equity share of face value of ₹10. ESAF Small Finance Bank IPO opens for subscription on Friday, November 3, and closes on Tuesday, November 7.
31.10 / 03:45
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Apple Scary Fast event: iMac with M3 chipset launched, India price starts at ₹1,34,900
Apple Scary Fast event: Everything announced - New MacBook Pros, iMac and 3 next-gen chipsets The new 24-inch iMac is powered by the M3 chip and comes in 256GB and 512GB storage options. Apple claims the new iMac is up to two times faster than the previous-generation iMac with the M1 processor and up to 2.5 times faster than the iMac with the Intel processor.
31.10 / 03:45
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Direct listing of Indian companies on foreign exchanges at GIFT City to be approved soon: Report
Moneycontrol IFSCA chairperson K Rajaraman, speaking to Moneycontrol during the Asia Securities Forum AGM in Mumbai, shared, "It is currently awaiting the PMO approval and could be out anytime soon. Recommendations by the working group, coordinating with the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI), will also be out in 10–15 days. Then, we can make the necessary amendments to enable the procedure by the end of the year, he told Moneycontrol during the event.
31.10 / 03:45
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Dividend stocks: Six dividend paying stocks to trade ex-dividend today
Dividend stocks 2023: Shares of Tips Industries, Dr Agarwals Eye, Balkrishna Indusries, Elecon Enggineering, Sasken Tech and Styrenix will be in focus when stock market opens today. The board of directors of these companies have declared dividend for its eligible shareholders. Tips Industries has declared an interim dividend of ₹2 per share, Balkrishna Industries board has declared ₹4 per share interim dividend, Elecon Engineering has declared Re 1 per share interim dividend, Sasken Technologies has announced ₹12 per share interim dividend whereas Styrenix has declared ₹22 per share interim dividend.
31.10 / 03:45
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Income Tax Department initiates comprehensive profiling of HNIs involved in tax evasion. Details here
high-net-worth individuals (HNIs) who engage in tax underpayment, according to Financial Express. This decision follows the department's discovery that the reduction in the highest tax rate on personal income from 42.74% to 39% in the FY24 Budget has not deterred tax evasion among HNIs. The department is currently engaged in a comprehensive “360-degree profiling" of individuals who have either reported or are likely to have an annual income exceeding ₹1 crore.
31.10 / 03:45
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Indian Railways to run special Vande Bharat train from Delhi to Patna for Chhath Puja
Indian Railways has unveiled a plan to introduce 283 festival special trains for the Diwali and Chhath Puja celebrations, special Vande Bharat Express train from Delhi to Patna is scheduled to take 3-4 trips during Chhath Puja. As reported by The New Indian Express citing a railway official, “this will be the first time that Indian Railways will be exhibiting a high degree of obeisance to the Chhath deity, by running the special Vande Bharat train between Patna and New Delhi." Also Read: Indian Railways extends Rani Kamlapati-Jabalpur Vande Bharat Express till Rewa.
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