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Commerce and Industry Minister Piyush Goyal. File

India to take equal, proportional measures if other countries impose trade barriers: Goyal

PTI India will take “equal and proportional measures” to protect domestic manufacturing if other countries continue imposing restrictions or barriers on

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Padmaja Chunduru.

Indian Bank Q1 profit drops on provisions

Special Correspondent To focus on retail, corporate segments

Exports, a silver lining: SFL

Special Correspondent ‘Social distancing norms expected to spur vehicle purchases’

MRF Q1 profit skids 94%

Special Correspondent Tyremaker MRF Ltd.’s standalone net profit for the first quarter ended June plunged 94% to ₹17 crore on account of the pandemic. Revenue from operations almost halved to to ₹2,431 crore from ₹4,410 crore. Other income stood at 43 crore (₹105 crore) and operating profit at ₹28 crore (₹412 crore), said the company in a regulatory filing. Total income plunged by almost a third to ₹1,209 crore compared with the March quarter and ₹2,041 crore, or almost a 45% drop) compared with the June 2019

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Hindalco posts Q1 net loss of ₹709 cr.

MRF Q1 profit skids 94%

India to take equal, proportional measures if other countries impose trade barriers: Goyal

Chinese firms hit as India’s quality control agency holds up approvals

Indian Bank Q1 profit drops on provisions

Exports, a silver lining: SFL

SBI’s Kisan card clients can revise limit via YONO

HDFC Bank offers loan card for forces

Flipkart says 54% growth in sellers on its Marketplace during Independence Day sale

During lockdown, the company has onboarded almost 8,000 sellers to its online marketplace, with more than 70% of them coming from smaller towns

HDFC Bank unveils Shaurya card to provide agri loan to members of armed forces

The product comes with life cover of ₹ 10 lakh as against ₹ 2 lakh for an average card.

Tata Steel slips into red, posts ₹4,648 cr net loss in Q1

Domestic steel major Tata Steel on Thursday reported a consolidated net loss of ₹4,648.13 crore for the quarter ended June, mainly on account of

IndiGo adds share as air traffic drops 82% in July

Carriers see marginal uptick from June

Ramco Cements aims to be debt-free in 3 years

‘Strong cash flow to help resist shocks’

Volvo Eicher to acquire Volvo Bus India in ₹100-crore deal

Transaction to cover manufacture, local sale of Volvo buses

Coronavirus | Biological E. inks pacts with Johnson & Johnson, Baylor College of Medicine on vaccine

The vaccine candidate is currently in Phase 1/2a clinical trials, the Hyderabad-based Biological E. said on Thursday

Shell eyes stake in Nayara's $9 billion Gujarat petrochemical project: Reuters

The proposed project at Vadinar in Gujarat to be completed in five years will have the capacity to produce 10.75 million tonnes of a variety of petrochemicals.

More than 1,700 wilful defaulters owed ₹37,020 crore to PNB

The defaulters include Mehul Choksi’s Gitanjali Group and Jatin Mehta’s Winsome Diamond & Jewellery Ltd among others

NMDC raises iron ore prices by 11%

The country’s largest iron ore miner NMDC on Wednesday hiked rates of the mineral by ₹300 to ₹2,950 a tonne with immediate effect. Iron ore is the

From carats to peanuts: how a pandemic upended the global diamond industry

As supply chains are convulsed by COVID-19, polishers switch to farming

Economic disruption to rural economy less severe, says Birla

UltraTech plans ₹1,500 cr. capex; group head sees 6-8% GDP growth next fiscal

‘Draft of norms to check misleading ads soon’

Consumer authority to be enforcer

Non-life insurers’ premiums rise 18%

The gross direct premium underwritten by non-life insurers, comprising general, standalone private health insurers and specialised PSU insurers, rose

Sundram Fasteners slips into the red

Sundram Fasteners Ltd., a part of the TVS Group, has reported a standalone net loss of ₹23.48 crore for the first quarter ended June against a net

Do not cut import duty on tea: UPASI

Rising production cost, declining prices cited

Ashok Leyland Q1 loss at ₹389 cr.

Commercial vehicle manufacturer Ashok Leyland Ltd. (ALL) has reported a net loss of ₹389 crore for the first quarter ended June, against a net profit

Amazon, Flipkart together would have easily earned $1bn last week: Study

About 80% of the respondents shopped online due to COVID-19 fear, of which 27% spent over ₹1,000 in the latest Amazon and Flipkart sales.

Deutsche Bank infuses ₹2,700 crore fresh funds into Indian unit

The capital will support expansion of the Deutsche Bank’s India operations

ABN Amro quits trade and commodity financing in corporate bank overhaul

Around 800 employees are expected to lose their jobs in United States, Asia, Australia and Brazil.

Debt MFs’ inflow surges to ₹91,392 cr.

Mutual funds (MFs) focused on fixed-income securities witnessed a multi-fold surge in investment to ₹91,392 crore in July, with short-duration funds

‘Pandemic to hasten investment in building supply chain resilience’

Firms must avoid complacency, overspending, say experts

Rights of daughters | Supreme Court ruling a wake-up call to family businesses

‘Failure to recognise their share may lead to litigation’

Domestic PV sales dip 4% in July; SIAM sees signs of green shoots

‘Year-on-year contraction lesser than previous months’

Axis Bank mops up₹10,000 cr. through QIP

Issue got great response, says MD

Tighter norms to keep bank loan rejig under check: ICRA

Lower slippages to reduce capital requirements of lenders

Debt revamp to prolong banks’ asset quality uncertainty: Fitch

‘Scheme may be designed to give lenders more time to build capital buffers’

Coronavirus | Cochin International Airport incurs loss in first quarter

The company registered a loss of around ₹72 crore in the first quarter of 2020-21

Dr.Reddy’s launches generic version of Ciprodex

The newly launched product will be used to treat ear infections

Axis Bank raises ₹10,000 crore through QIP

The deal was oversubscribed with the aggregate final transaction size being ₹10,000 crore

AAI puts GoAir on cash & carry mode

It will not impact our operations and customers, says airline

Equity mutual funds see first outflow in over four years

Investors’ profit-booking drives trend

India’s imports from China rise in June and July

India’s imports from China have risen to $5.6 billion in July, climbing for the second straight month, although imports are still down by 24% from

Burman family open to hike Eveready stake, no takeover plans: Mohit Burman

Burman family, the single largest shareholder of Eveready Industries, has no plans for taking over the company but is open to acquiring additional

Sundaram Finance Q1 net rises 6%

Non-banking financial company Sundaram Finance Ltd. (SFL) has registered a 6% rise in its net profit for the first quarter ended June to ₹166

Equitas SFB Q1 profit rises marginally

Equitas Small Finance Bank Ltd. has reported a net profit of ₹60 crore for the first quarter ended June against a net profit of ₹59 crore in the

BoB slips into ₹864-cr. loss as provisions surge

Asset quality shows improvement

Users still favour Chinese smartphone brands

Despite anti-China sentiments in India, online shoppers seem to prefer Chinese mobile phones and electronic gadgets. For instance, OnePlus (Nord 5G,

‘Review choice of Kamath as head of panel’

He was part of panel that gave loans to Videocon: Assn

LIC unveils campaign to revive lapsed policies

Scheme to remain in force till Oct. 9

Government looks at mixing biogas with natural gas

Oil Secretary Tarun Kapoor said India is an agricultural economy largely and there is a large amount of agricultural residues available, providing good scope of producing biofuels.

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