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Economy
Biocon Q4 results: Consolidated revenue growth recorded at Rs 2,476 Cr, up by 21%
Bengaluru: Biocon registered total revenues at Rs 2,476 crore for the Quarter 4 of the financial year 2022. It also recorded net profit for the period at Rs 239 crore, as per the official statement released on Thursday late night.!-->…
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Twitter logs $1.2 bn in revenue, cancels future outlook amid Musk takeover
San Francisco: Twitter on Thursday reported an operating loss of $128 million on revenue of $1.2 billion and net income of $513 million in the first quarter of this year, its last quarterly result before Musk takes over.
The company,!-->…
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Steel Minister inaugurates JSP’s 1.4 MTPA rebar mill at Angul
Bhubaneswar: Union Steel Minister Ram Chandra Prasad Singh has inaugurated the 1.4 million tonne per annum (MTPA) TMT rebar mill of Jindal Steel & Power (JSP) at Angul in Odisha.
"Dedicated rebar mill of 1.4 MTPA capacity to the!-->…
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Essar Ports Vizag Terminal handles largest dry bulk vessel, parcel
New Delhi : Essar Ports Vizag Terminal, the largest iron ore handling complex in India, on Thursday said that it has handled the largest dry bulk vessel, and recorded the largest parcel in Vizag Port.
On April 20, the M.V. Star Eleni, a!-->…
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IndiGo pilots ‘abuse’ Emergency Frequency, DGCA probing
Mumbai : In a bizarre development, at least half a dozen IndiGo pilots were detected to have misused an Emergency Frequency to discuss salary issues with objectionable language, according to sources here on Thursday.
The alleged incident!-->…
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Domestic investors about to pip FPIs in holdings first time since 2010: Morgan Stanley
New Delhi : The combined holdings of the domestic mutual funds and direct households in stocks have risen over 600 basis points since 2015, whereas those of foreign portfolio investors (FPI) have declined about 150 basis points, said!-->…
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‘Asia’s oil demand revival bears brunt of China’s endless lockdowns’
New Delhi : Asia's oil demand outlook for 2022 is starting to look dimmer than what it was a couple of months back, as China's strict lockdowns aimed at battling the resurgence of the Covid-19 pandemic overshadow the positive oil demand!-->…
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MSMEs to get subsidies to adopt ‘zero defect zero effect’ practices
New Delhi : The Micro, Small, and Medium Enterprises Ministry has launched an extensive drive to enable and facilitate MSMEs adopt 'Zero Defect Zero Effect' (ZED) practices and motivate and incentivise them for such product certification!-->…
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Spark Capital negative on broadcasters, gives ‘sell’ call for TV18 shares
New Delhi : Financial advisory firm Spark Capital has given a "negative" outlook on all broadcasters and especially a "sell" call on TV18 shares.
It pegged the target price at Rs 38 as against the current share price of Rs 62.
"Even!-->…
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TV18 shares down 17%, Network 18 Media at 20% lower circuit
New Delhi : Shares of TV18 and Network 18 Media & Investments plunged sharply on Thursday.
At 3.29 p.m., the shares of the two entities traded at a 16.7 per cent and 20 per cent lower circuit, respectively.
As per reports, investors!-->…
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