New Delhi: HDFC Bank on Saturday reported a 16 per cent rise in its consolidated net profit at Rs 7,703 crore for the second quarter ended September 30. The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago. Total … Read more
Category: Business and Finance
Micromax unveils its new brand avatar.
Micromax unveils its new brand avatar- ‘in’ focused on delivering disruptive products for performance seeking gamers and content creators, ‘in’ is set to represent India in the smartphone segment Guwahati: Micromax Informatics Ltd., India’s very own consumer electronics brand, today unveiled a new sub brand- ‘in’, as it makes … Read more
INDUSTRY HCL Tech Q2 net profit up 18.5% at ₹3,142 crore
IT firm HCL Technologies on Friday posted 18.5% rise in September quarter net profit at ₹3,142 crore. The IT major had registered a net profit of ₹2,651 crore in the July-September 2019 quarter (as per U.S. GAAP), HCL Technologies said in a regulatory filing. Its revenue grew 6.1% to ₹18,594 … Read more
HRDOYH an artisanal silk brand launches their Fall-winter 2020 collection
HRDOYH commits to connect Assamese Textile Globally, urges to uplift artisan and weavers of Assam. Guwahati: To connect the skills of the weavers to the modern consumers HRDOYH an artisanal silk brand has launced their Fall-winter 2020 collection on Thursday in Guwahati. HRDOYH is an artisanal silk brand born out … Read more
Apple unveils new iPhones for faster 5G wireless networks
Apple unveiled four new iPhones equipped with technology for use with faster new 5G wireless networks. There’s the iPhone 12, with a 6.1-inch display, the same as the iPhone 11 but lighter and thinner, starts at almost USD 800 and the iPhone 12 Mini with a 5.4-inch display at almost … Read more
SIP inflows drop for 6th month in Sept; investors prefer to maintain liquidity
Investment in mutual funds through SIPs remained lacklustre with inflow dropping for the sixth-consecutive month to Rs 7,788 crore in September amid challenging economic environment. The trend is expected to reverse only slowly as investors feel more confident to save more once their own income stream stabilises, said Vidya Bala, … Read more
Facebook, Google, Amazon, LinkedIn could face domestic taxes
Global internet giants such as Google, Facebook, Amazon, LinkedIn and Netflix could face larger domestic tax liability in India after OECD (Organisation for Economic Co-operation and Development) postponed a common tax framework for global companies. This move will allow countries like India to go ahead with their own plan to … Read more
RBI to Move to Next Generation Treasury Application for Managing Forex, Gold Reserves
The Reserve Bank has decided to move to the Next Generation Treasury Application (NGTA) for managing the country’s foreign exchange and gold reserves. The NGTA, according to the RBI, would be a web-based application providing scalability, maneuverability and flexibility to introduce new products and securities, besides supporting multi-currency transactions and … Read more
Snapdeal on-boards over 5000 manufacturer-sellers in 9 months, exceeds target
Though it began on-boarding new manufacturers directly as sellers from January, majority of the sign-ups have taken place in the September quarter, the official said, thanks to the lockdowns and the resultant shift in consumer behaviour. It can be noted that every online seller/service provider has benefited from the lockdowns. … Read more
Airlines on verge of collapse, may shut if situation doesn’t improve: GoAir to SC
New Delhi: A day after aviation regulator, Directorate General of Civil Aviation (DGCA), informed the Supreme Court (SC) that passengers who booked tickets during lockdown were eligible for refunds, the government recommended that airlines pay 0.5% interest for delayed refunds. While both Vistara and AirAsia opposed the levy of interest … Read more