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Economy
SBI Q3FY22 YoY net profit up 62% at over Rs 8k cr
Mumbai: Lending major State Bank of India (SBI) on Saturday reported its highest quarterly net profit at Rs 8,432 crore in Q3FY22.
Accordingly, the net profit represents an increase of 62.27 per cent rise on YoY basis.
The bank had!-->…
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Frontloading infra spend could bring faster growth: Crisil
New Delhi: India's Union Budget FY23's investment led push in infra sector is expected to usher in faster economic growth, ratings agency Crisil said.
The majority of Budget 2022-23 massive Capex outlay -- Rs 7.50 lakh crore -- will be!-->…
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Conservative receipts lead to higher-than-expected fiscal deficit: MOFSL
New Delhi: Conservative receipts' estimates have led to higher-than-expected fiscal deficit target in the Union Budget FY23, said Motilal Oswal Financial Services.
The Union budget has estimated a total expenditure of about Rs 39.45!-->…
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IndiGo’s Q3FY22 net profit up over Rs 129 cr, Rahul Bhatia appointed MD
New Delhi: Airline major IndiGo on Friday reported a net profit of Rs 129.8 crore on a year-on-year basis in Q3FY22.
The airline had posted a net loss of Rs 620.1 crore in the year-ago quarter.
Its total income for the quarter ended!-->…
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Rising oil prices, profit booking dent indices; realty stocks down
Mumbai: Continued profit booking as well as subdued global cues due to high oil prices led India's key stock indices -- S&P BSE Sensex and NSE Nifty50 -- to settle marginally in the red on Friday.
At the start of the day's trade,!-->…
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India’s forex reserves down by over $4 bn
Mumbai: India's foreign exchange reserves declined by $4.531 billion during the week ended January 28.
The Reserve Bank of India's forex reserves decreased to $629.755 billion from $634.287 billion reported for January 21.
The!-->…
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IIT Hyderabad, Suzuki Motor Corp set up innovation centre
Hyderabad: The Indian Institute of Technology Hyderabad (IIT-H) and Suzuki Motor Corporation (SMC), Japan, which is the parent company of the biggest automaker in India, have signed a 3-year contract to start the Suzuki Innovation Centre!-->…
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PVR signs agreement with M3M India in their largest retail project in Gurugram
Gurugram: PVR has signed an agreement with M3M India to set-up an 8-screen multiplex at M3M 65th Avenue, the recently delivered largest luxurious retail project in Gurugram by M3M India, spread across 14 acres, with 1 million square feet!-->…
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Southern Railway gets Rs 7,134 crore in the Union Budget
Chennai: The Southern Railway has received an outlay of Rs 7,134.56 crore for the financial year 2022-23, in addition a total of Rs 1,064.34 crore is also received as Extra Budgetary Resource (EBR), said officials.
Of the total outlay Rs!-->…
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Equities steady in morning session, ONGC top gainer
New Delhi: After a sharp fall during the previous session, the Indian equities traded steady in early trade on Friday.
Thursday's decline was due to profit booking by investors after sizable gains earlier in the week.
At 09.37 a.m.,!-->…
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