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  Reliance to demerge financial services arm Jio Financial Services; list it on stock exchanges

  October 21, 2022 23:57 IST

  In a statement, the firm said Reliance shareholders will be issued one equity share of Jio Financial Services Ltd (JFSL) for every share they hold in the company.

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  Reliance Retail Q2 pre-tax profit up 51.2% at Rs 4,404 crore; revenue rises 44.5% to Rs 57,694 crore

  October 21, 2022 21:46 IST

  Reliance retail Q2 earnings: The comapny's revenue from operations of the organized retail segment surged 44.50 percent to Rs 57,694 crore in the latest September quarter from Rs 39,926 crore in the year-ago period.

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  SBI revises Retail Term deposits interest rates, effective from October 22, 2022. Details

  October 21, 2022 20:22 IST

  The State Bank of India (SBI) has revised the Retail Term deposits (deposit below Rs 2 crores) interest rates upward (up to 80 bps), effective from 22nd October 2022.

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  Reliance Jio net profit up 28% to Rs 4,518 crore for September quarter

  October 21, 2022 19:23 IST

  Reliance Jio Q2 results: Its net profit stood at Rs 3528 crore in the same period previous fiscal, the telco said in a regulatory filing. The revenue from operations jumped 20.2 percent to Rs 22,521 crore for the just-ended quarter, from Rs 18,735 crore in the year-ago period.

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  Sensex climbs 104 points, Nifty ends at 17,576.30

  October 21, 2022 17:13 IST

  Equity benchmark indices managed to end in the positive territory after facing volatility in the latter part of the trade on Friday amid gains in Axis Bank and ICICI Bank.

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  BSE, NSE to conduct hour-long 'muhurat trading' on Diwali | Details

  October 21, 2022 14:25 IST

  BSE and NSE, in their circulars, said the symbolic trading session would be held between 1815 hrs and 1915 hours.

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  Govt extends deadline for filing September GST return till Oct 21

  October 21, 2022 14:03 IST

  "The GST Implementation Committee of GST Council has approved extension of the due date of filing GSTR-3B return for the month of September 2022," the CBIC tweeted on Friday.

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  Twitter likely to witness 75% job cuts as Musk plans massive layoffs

  October 21, 2022 7:51 IST

  Twitter buyout deal was earlier stalled by Elon Musk after he alleged the social media giant misrepresented the number of fake “spam bot” accounts on its platform.

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  Nokia sees improved 3Q profit, sales on strong demand for 5G

  October 20, 2022 15:45 IST

  Nokia Q3 profit: CEO Pekka Lundmark said the company's third-quarter performance “demonstrates we are delivering on our ambition to accelerate growth.”

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  Rupee falls 6 paise to all-time low of 83.06 against US dollar

  October 20, 2022 9:44 IST

  At the interbank foreign exchange, the domestic unit opened weak at 83.05 against the dollar, then slipped further to quote 83.06, a fall of 6 paise over its previous close.

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  RBI rate hikes to contain price rise; inflation to fall below 6 pc next year

  October 19, 2022 19:04 IST

  RBI to contain rate hike: RBI Monetary Policy Committee (MPC) member Ashima Goyal said the policy rate hikes have largely reversed pandemic-time cuts but the real rate remains low enough not to hurt the growth recovery.

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  India's domestic passenger volume rose 65 per cent to 10 million in September: DGCA

  October 19, 2022 15:51 IST

  The growth of 64.61 per cent in domestic air passenger volume indicated that the aviation industry is on the path of recovery post-Covid turbulence.

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  Airfare between Delhi, Mumbai, Patna witnesses three-fold rise amid festive season; may spike more

  October 19, 2022 13:42 IST

  Airfare on several flights has registered a massive surge ahead of the festive season. If experts are to be believed, the fare may rise further.

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  SpiceJet announces revised salary structure- Rs 7 lakh/month for its Captains; applicable from Nov 1

  October 19, 2022 12:43 IST

  Trouble-hit SpiceJet is getting some sort of financial relief from the government's Emergency Credit Line Guarantee Scheme (ECLGS).

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  Reliance Jio topples BSNL; becomes largest fixed-line service provider with over 7M subscribers

  October 19, 2022 10:39 IST

  Reliance Jio's wireline subscriber base reached 73.52 lakh while that of BSNL was at 71.32 lakh, Trai's subscriber report for August stated.

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  Senior ICAS officer Bharati Das takes charge as Controller General of Accounts

  October 18, 2022 21:29 IST

  Das is the 27th CGA, who is 'the Principal Advisor' on accounting matters to the government of India.

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  This mutual fund promises to make your Diwali more prosperous - Here's how

  October 25, 2022 12:28 IST

  According to a recent data from the Association of Mutual Funds in India (Amfi), the industry wide net AUM stood at Rs 38. 42 lakh crore in September.

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  Adani Defence & Aerospace to acquire Air Works for Rs 400 crore

  October 18, 2022 18:27 IST

  Air Works has developed extensive operational capabilities within the country for key defence and aerospace platforms.

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  Air India aims 30% international market share in 5 years: CEO Campbell Wilson

  October 18, 2022 17:43 IST

  Air India will be inducting 5 wide-body Boeing and 25 Airbus narrow-body planes over the next 15 months. The aircraft being leased are 21 Airbus A320 neos, 4 Airbus A321 neos and 5 Boeing B777-200LRs.

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  Sebi extends approval to THESE four companies for initial public offerings

  October 17, 2022 20:20 IST

  The companies have received their respective observation letters from Sebi, according to an update on the regulator's website as on October 14. In Sebi's parlance, issuance of the observation letter implies the go-ahead from the regulator for the proposed IPO.

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  Ericsson partners with Jio to build 5G standalone network

  October 17, 2022 14:54 IST

  This is the first partnership between Jio and Ericsson for radio access network deployment in the country, according to a release.

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  Air passenger traffic volume likely to recover to pre-pandemic level: Report

  October 17, 2022 14:37 IST

  The pick-up in traffic volume is expected to be led by domestic traffic as slots and routes on the international front are still opening up, domestic credit rating agency Crisil said in its report.

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  Mother Dairy hikes prices of full cream, buffalo milk in Delhi-NCR; third time this year

  October 15, 2022 19:16 IST

  This is the third round of price increase by the comapny this year. Mother Dairy is a leading milk supplier in the Delhi-NCR market and sells more than 30 lakh litres per day in poly packs and through vending machines.

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  HDFC Bank logs 22.3 pc jump in Q2 net at Rs 11,125 cr on lower provisions

  October 15, 2022 15:35 IST

  HDFC bank Q2 net jump: On a standalone basis, the largest private sector lender's net profit rose by over 20.1 per cent to Rs 10,605.78 crore as against Rs 8,834.31 crore in the year-ago period and Rs 9,196 crore in the preceding June quarter.

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  Amul hikes prices of full cream, buffalo milk across all states except Gujarat

  October 15, 2022 13:59 IST

  Amul has announced a hike in prices of full cream and buffalo milk. The increased prices will not be effective in Gujarat.

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  Nirmala Sitharaman urges World Bank to avoid unidimensional view of subsidies

  October 15, 2022 11:46 IST

  Nirmala Sitharaman on subsidies: As an illustration, she said that by providing free LPG connections under the Pradhan Mantri Ujjwala Yojna over the last six years, the Indian Government has ensured that access to clean cooking methods has achieved near saturation for women in India.

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  India to produce 25 per cent of its oil demand by 2030: Hardeep Puri

  October 15, 2022 8:10 IST

  India oil demand forecast: As per the International Energy Agency estimates, India will contribute a quarter (25 per cent) of the growth in global energy consumption in the coming two decades.

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  Wholesale Price Index inflation falls to 18-month low in September to 10.7 per cent

  October 14, 2022 14:08 IST

  Business news: Inflation in food articles in September eased to 11.03 per cent, against 12.37 per cent in August.