Bank of Baroda Q3 net profit rises 75% to Rs.3,853 crore, shares surge

New Delhi, Feb. 3 -- Bank of Baroda (BOB) on Friday said it has declared highest ever quarterly standalone net profit of Rs.3,853 crore for the third quarter ended December 2022 (Q3 FY23), which is up... Read More

Kerala: Liquor, fuel to become costly as social security cess levied

New Delhi, Feb. 3 -- Prices of petrol, diesel, and liquor are to go up in Kerala as the state government has imposed Social Security Cess on their sales to mobilise additional revenue in the state bud... Read More

Fitch Ratings on Adani Group Companies: 'No immediate impact on rated credit profiles'

New Delhi, Feb. 3 -- Fitch Ratings on Friday said that there is no immediate impact on the ratings of the Fitch-rated Adani entities and their securities following a "short-seller report" alleging mal... Read More

SpiceJet staff, passengers involve in heated arguments at Delhi airport

New Delhi, Feb. 3 -- SpiceJet flight's staff and passengers on Friday were involved in a heated argument at Delhi airport. The argument began after the flight got delayed by more than two hours. Acco... Read More

Payment of interim dividend at 600% approved by agrochemical stock. Check record date

New Delhi, Feb. 3 -- Coromandel International Ltd's board of directors approved an interim dividend of Rs.6 per share (representing 600%) while announcing its earnings for the third quarter ended Dece... Read More

Led by the US Fed

New Delhi, Feb. 3 -- The US Federal Reserve on Wednesday raised its policy rate by a quarter-percentage-point to 4.50-4.75%. This follows December's half-point increase and four successive 0.75-percen... Read More

'Allocation for BSNL part of revival plan'

New Delhi, Feb. 2 -- The government will infuse Rs.52,937 crore into state-run Bharat Sanchar Nigam Ltd (BSNL) in FY24, up from Rs.44,720 crore for FY23 to revamp its wireline infrastructure, upgrade ... Read More

A nudge on income tax mustn't become a shove

New Delhi, Feb. 2 -- In a country long accustomed to state paternalism, as captured by the Indian phrase 'mai baap sarkaar', the use of its libertarian version, as proposed by nudge theory, is always ... Read More

Youngsters are boosting India's loan growth, says report

New Delhi, Feb. 2 -- Youngsters have become the driving force behind India's credit growth which is witnessing the expansion of riskier segments like credit cards, consumer durable loans and personal ... Read More

Windfall tax to continue for now; collections likely at Rs.25,000 cr this year

New Delhi, Feb. 2 -- The seven-month-old windfall profit tax on domestically produced crude oil and export of fuel is likely to give about Rs.25,000 crore in the current fiscal ending March 31 said to... Read More