Page 1540 - Press Trust Of India

India in cyclical slowdown, RBI's 7.2% estimate 'overly optimistic': Nomura

The brokerage said it sees "rising downside risks" to its GDP growth estimates of 6.7 per cent in the ongoing FY25 and 6.8 per cent in FY26

RBI sets Rs 300 cr networth criteria for central counterparty authorisation

According to directions, every authorised CCP has to submit an audited networth certificate as at close of financial year from the statutory auditor within six months of closure of financial year

Citigroup sells HDFC Bank's shares worth Rs 275 crore via block deal

Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE

HeidelbergCement India Q2 results: Net profit down 68.7% to Rs 11.2 crore

The company had reported a net profit of Rs 35.8 crore in the July-September quarter period a year ago, HeidelbergCement India said in a regulatory filing

RBL Bank, Mahindra Finance get RBI nod to launch co-branded credit cards

The announcement comes amid heightened concerns about the credit card portfolios, and also regulatory attempts to disincentivise growth in such riskier assets

Cong to organise month-long 'Delhi Nyay Yatra' from Nov 8 ahead of polls

The march will start on November 8 from Rajghat and conclude on December 4, ahead of the assembly elections in Delhi

Over 60 flights get bomb threats on Monday; 410 hoax calls in last 15 days

In 15 days, over 410 domestic and international flights operated by the Indian carriers have received hoax bomb threats. Most of the threats were issued through social media

Institutional collapse given way to dangerous cronyism: Rahul on Sebi chief

Those entrusted with protecting common Indians and their investments have abrogated their responsibilities and are indulging in wide scale corruption and malpractice, he alleged

ArcelorMittal SA rejects 19 bn rand buyout offer of Networth Investments

Networth had planned to transform the country's struggling steel industry with green technology and more profitable stainless-steel production based on models in India

Lodhas to transfer stake worth Rs 20k cr in Macrotech to philanthropic firm

Macrotech Developers Ltd (MDL) is one of the leading real estate developers in the country, selling properties under the Lodha brand

Paramount Cables Q2 results: PAT rises 4% to Rs 20 cr on higher income

It had posted Rs 19.48 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in an exchange filing

Afcons Infrastructure IPO gets subscribed 36% on second day of offer

The initial share sale received bids for 3,15,57,920 shares against 8,66,19,950 shares on offer, as per NSE data

DTDC Express announces enhanced benefits, reward programme for staff

It has introduced a range of reward programmes to recognise the dedication of its staff during Diwali. These initiatives include an annual bonus and a performance-driven delivery incentive programme

Karnataka eyes Rs 1,500 cr investments in state with new tourism policy

Karnataka plans to attract 20 lakh foreign tourists a year to be among the top five states in this category, and with respect to domestic footfalls it wants to be among the top three states

Govt earns Rs 279 cr from scrap disposal during ongoing cleanliness drive

Giving details of the campaign being carried out from October 2-31, Personnel Ministry said it has led to earning of Rs 279 crore through scrap disposal, freeing up of 127 lakh square feet of space

Kalpataru Projects Int'l Q2 results: Net profit grows 40% to Rs 125.5 crore

It had posted a net profit of Rs 89.89 crore in the July-September period of the preceding 2023-24 fiscal year, the company said in an exchange filing

Centre launches mobile app FCI GRS to address grievances of rice millers

This is one of the measures taken by the government to enhance transparency, accountability and stakeholder satisfaction

JBM Auto Q2FY25 results: Net profit increases 11.45% to Rs 49.15 cr

Net sales, including other operating income for the second quarter stood at Rs 1,285.98 crore compared to Rs 1,231 crore in Q2FY24, a year-on-year increase of 4.47 per cent

E-commerce major Flipkart narrows loss to Rs 4,248 crore in FY24

The company's expenses on purchase of stock in trade increased by about 24 per cent to Rs 74,271.2 crore in FY 2024 from Rs 59,816.6 crore in FY 2023

Amazon signs initial pact with HPCL for adoption of low carbon fuels

Under the collaboration, HPCL and Amazon will conduct a pilot to test fuels in the latter's long-haul transport vehicles and explore the possibilities of fuelling hubs