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Gold declines by Rs 46 amid weak global trends
Business

Gold declines by Rs 46 amid weak global trends

Silver gained Rs 213 to Rs 59,452 per kg from Rs 59,239 per kg in the previous trade

SBI fourth quarter net profit jumps 41% to Rs 9,114 crore
Business

SBI fourth quarter net profit jumps 41% to Rs 9,114 crore

The gross NPAs of the bank declined to 3.97 per cent of gross advances as on 31 March, 2022, as against 4.98 per cent by the same period of 2021

PVR reports Q4 net loss of Rs 105.49 crore, revenue at Rs 537.14 crore
Business

PVR reports Q4 net loss of Rs 105.49 crore, revenue at Rs 537.14 crore

The company had posted a net loss of Rs 289.21 crore in the January-March quarter a year ago, PVR said in a BSE filing.

Jewellers expect sales during Akshaya Tritiya to surpass 2019 level
Business

Jewellers expect sales during Akshaya Tritiya to surpass 2019 level

Akshaya Tritiya will be celebrated across the country on 3 May

IDFC First Bank net profit jumps over two-fold to Rs 343 crore in March quarter
Business

IDFC First Bank net profit jumps over two-fold to Rs 343 crore in March quarter

The total income during the January-March quarter of 2021-22 rose to Rs 5,384.88 crore from Rs 4,811.18 crore in the same period of FY21, IDFC First Bank said in a regulatory filing.

Maruti Suzuki profit soars 51 per cent to Rs 1,875 crore in January-March
Business

Maruti Suzuki profit soars 51 per cent to Rs 1,875 crore in January-March

Maruti Suzuki said it recorded its highest ever exports of 2,38,376 units in FY 2021-22 compared to 96,139 units in FY 2020-21

Wipro net profit rises to Rs 3,092 crore in Quarter 4
Business

Wipro net profit rises to Rs 3,092 crore in Quarter 4

Wipro's consolidated revenue from operations during the reported quarter grew about 28 per cent to Rs 20,860 crore

Sensex tumbles over 460 points on fag-end profit booking in RIL, Axis Bank
Business

Sensex tumbles over 460 points on fag-end profit booking in RIL, Axis Bank

The 30-shares index had opened higher and touched a high of 57,975.48 amid a firm trend in global markets

US defence manufactures stand to profit in the long run from war in Ukraine
World

US defence manufactures stand to profit in the long run from war in Ukraine

Like other Western countries, the United States has turned to its own stocks to furnish Ukraine with shoulder-fired Stinger and Javelin missiles, for instance, but the US military weapons stockpiles being tapped for Kyiv will need to be replenished

Government has sovereign right to tax profit made from cryptocurrency transactions, says finance minister
India

Government has sovereign right to tax profit made from cryptocurrency transactions, says finance minister

Nirmala Sitharaman said 'banning or not banning cryptocurrency would come subsequently' while answering questions posed about the Union Budget in Rajya Sabha

RIL Q2 profit jumps 46% to Rs 15,479 cr compared to last year; consolidated revenue at Rs 1.74 lakh cr
Business

RIL Q2 profit jumps 46% to Rs 15,479 cr compared to last year; consolidated revenue at Rs 1.74 lakh cr

All businesses showed growth over pre-COVID levels with the digital services segment gaining record quarterly business in Q2

To reach net-zero emissions and remove CO2 from the air, scientists drawn up six priorities
science

To reach net-zero emissions and remove CO2 from the air, scientists drawn up six priorities

Information on CO₂ removal is found in academic literature and focuses on a global scale but actually doing it will involve everyone from local farmers to international financiers.

Facebook India FY 2020 revenue up 43 percent at Rs 1,277 crore, net profit doubles to Rs 135.7 crore
Business

Facebook India FY 2020 revenue up 43 percent at Rs 1,277 crore, net profit doubles to Rs 135.7 crore

Around 2.5 billion people use Facebook's family of app globally while 10 million are its active advertisers.

Disney reports 42 percent revenue drop in third fiscal quarter, earns $11.78 bn
Entertainment

Disney reports 42 percent revenue drop in third fiscal quarter, earns $11.78 bn

Disney has been opening its parks around the globe, but most were still shuttered during the company’s fiscal third-quarter.

Mindtree March quarter net jumps 8.9% at Rs 198 cr; board declares special dividend of 200%
Business

Mindtree March quarter net jumps 8.9% at Rs 198 cr; board declares special dividend of 200%

Mindtree's FY'19 net profit grew 32.2 percent to Rs 754.1 crore, while revenue was up 28.5 percent to Rs 7,021.5 crore from the previous fiscal.

Union Bank reports profit for straight second quarter; core net interest income declines 2.2% to to Rs 2,493 cr
Business

Union Bank reports profit for straight second quarter; core net interest income declines 2.2% to to Rs 2,493 cr

Union Bank of India has a Rs 1,100-crore exposure to the troubled infra lender IL&FS of which Rs 1,000 crore slipped into non-performing asset during the reporting period.

Decoding Xiaomi's success with Manu Kumar Jain: Highlights from an exclusive interview
News & Analysis

Decoding Xiaomi's success with Manu Kumar Jain: Highlights from an exclusive interview

What are Xiaomi's plans for the country? Will we see new feature phones? Manu Kumar Jain bares all!

Shares fall as Nokia's operating profit declined below expectations in Q2 2018
News & Analysis

Shares fall as Nokia's operating profit declined below expectations in Q2 2018

The slump in profitability was mainly attributed to the poor performance by Nokia's Networks business.

Amazon's profits exceed expectations thanks to cloud computing and advertising
News & Analysis

Amazon's profits exceed expectations thanks to cloud computing and advertising

The unit’s success has helped make Amazon Chief Executive Jeff Bezos the richest person in the world.

Failure of Maharatna BHEL: CAG charts co's journey from Rs 19 cr/day profit to Rs 2.5 cr loss
Business

Failure of Maharatna BHEL: CAG charts co's journey from Rs 19 cr/day profit to Rs 2.5 cr loss

Market valuation of BHEL declined from Rs 97,940.71 cr at the beginning of April 2011 to Rs 37,533.95 cr (as on 16 February 2017), representing a drop of 61.68 percent