Tata Steel turns Q1 PAT of ₹9,768 crore
The Hindu
Tata Steel Ltd. on Thursday reported first quarter consolidated net profit stood at ₹9,768.34 crore compared with the year-earlier period’s loss of ₹4,648.13 crore.Gross sales income was also more tha
Tata Steel Ltd. on Thursday reported first quarter consolidated net profit stood at ₹9,768.34 crore compared with the year-earlier period’s loss of ₹4,648.13 crore.Gross sales income was also more than doubled to ₹52,574.34 crore. Gross debt decreased to ₹84,237 crore with debt repayment of ₹5,894 crore, the company said in a filing. Net debt declined to ₹73,973 crore, it said. T.V. Narendran, CEO & MD, said, “Over the last 15 months, the global economy has been recovering driven by policy support and progressive vaccination which has led to improvement in business and customer confidence.”
Rupee trading in narrow range as U.S. dollar strengthens, Brent oil rises amid Ukraine-Russia conflict, FIIs sell equities.
Billionaire Gautam Adani indicted in U.S. for fraud and bribery, facing charges of defrauding American investors.
Air India has signed an agreement with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a built-to-suit facility for the AME program that will feature modern classrooms, well-equipped laboratories for practical training and a team of qualified trainers.
Zepto raises $350 million in largest domestic fundraise in India, backed by leading financial institutions and notable individuals.
Adani Enterprises Ltd stock dips on NSE and BSE after Kenyan project cancellations and U.S. court allegations.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.