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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

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

Sacheerome targets 30-40% annual growth in West Asian fragrance market

"India's rich resources and lower operational costs give us a strong competitive edge," MD said

TV Today Network Q2 results: Net profit increases 17.8% to Rs 8.3 cr

The company had reported a net profit of Rs 7.02 crore in the July-September period a year ago, TV Today Network said in a regulatory filing

Diwali rush: DMRC to add 60 trips on Tuesday, Wednesday to ease congestion

The Delhi Metro Rail Corporation (DMRC) has urged people to commute using public transport to avoid traffic and pollution

Air India gets DGCA nod to perform in-house changes to aircraft interiors

The full-service carrier has a collaboration with Tata Technologies to enhance aircraft interiors in its fleet

Suzlon Q2 results: Net profit jumps to Rs 201 cr, income at Rs 2,121 cr

The company reported a consolidated net profit of Rs 102 crore in the quarter ended on September 30, 2023, a statement said

NTPC Green Energy, Avanse Financial Services get Sebi's nod to float IPOs

NTPC Green Energy and Avanse Financial Services are looking to garner Rs 10,000 crore and Rs 3,500 crore through initial share-sales, respectively

Shakti Pumps Q2 results: Net profit increases multi-fold to Rs 101 crore

It had posted Rs 6 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in statement issued on Monday