Budget 2020

Adani Ports Q2 profit rises 32% to ₹1,394 crore

Adani Ports & Special Economic Zone Ltd.’s (APSEZ) consolidated second-quarter net profit rose 32% to ₹1,394 crore on an overall improvement in port operations. “With easing of lockdown and revival of economy, cargo throughput at APSEZ rebounded and registered a spectacular growth. The growth was across segments and coasts,” the company said in a filing. […]

Budget 2020

Gold falls Rs 75, silver rises by Rs 121

New Delhi: Gold prices declined by Rs 75 to Rs 51,069 per 10 gram in the national capital on Friday, according to HDFC Securities. The precious metal had closed at Rs 51,144 per 10 gram in the previous trade. Silver prices, however, rose by Rs 121 to Rs 62,933 per kilogram from Rs 62,812 per […]

Budget 2020

Tata Comm Q2 results: Profit rises 7-fold to Rs 385 crore

New Delhi: Tata Communications on Friday posted an around seven-fold jump in consolidated net profit at Rs 384.81 crore for the September quarter. The company had registered a profit of Rs 54.31 crore in the corresponding period of the preceding fiscal. Consolidated revenue grew 4.5 per cent to Rs 4,477.18 crore during the reported quarter […]

Budget 2020

Rupee rises 15 paise to 73.09 against U.S. dollar in early trade

RBI decided to keep benchmark interest rate unchanged at 4%. The rupee gained 15 paise to 73.09 against the U.S. dollar in early trade on Friday as the Reserve Bank of India decided to keep benchmark interest rate unchanged. At the interbank forex market, the rupee opened at 73.21 against the American currency, gained some […]

Budget 2020

Mutual funds asset base rises 12% to Rs 27.6 lakh cr in Sep quarter

Mutual funds’ asset base rose by 12 per cent to Rs 27.6 lakh crore in the quarter ended September 30 mainly due to appreciation in the value of their existing holding in equity-oriented funds. The average asset under management (AAUM) of the industry, comprising 45 players, was at Rs 24.63 lakh crore in April-June quarter, […]

Budget 2020

Sensex rises 277 points; TCS zooms over 7%

Rising for the third straight session, market benchmark Sensex finished 277 points higher on Monday, propelled by IT and banking counters. Starting off on a high note, the 30-share BSE gauge zoomed to the day’s peak at 39,263.85, before ceding some ground to settle at 38,973.70, up 276.65 points or 0.71%. Likewise, the broader NSE […]

Budget 2020

Demand for gold loans rises in south India despite surging Covid cases

Demand for gold loans has increased in Kerala since the Onam festival, even as the state is also witnessing a surge in Covid-19 cases. Loan demand is strong also in other southern states, which are reporting high Covid-19 caseloads. While top executives at gold loan companies citied health-related expenses and cash demand amid job and […]