LARGIE

After the move, the latest retail price of a 19 kg LPG cylinder in Delhi now stands at Rs 1,856.50. Last month, too, their prices were reduced by Rs 91.50 per unit, standing at Rs 2,028 per unit. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SIht9eu via IFTTT

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The Directorate General of Civil Aviation (DGCA) has issued show cause notices to Air India CEO and chief of flights safety over the February 27, 2023, case of a pilot inviting a friend over to the flight deck of a Dubai-Delhi flight. A senior DGCA official said the notice has been issued for “lapses in not timely reporting safety instruction violations” to the regulator and for “delay in investigating the incident.” from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/a8LVXjz via IFTTT

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Kotak Mahindra Bank on Saturday posted a 14.29 per cent increase in its consolidated net profit at Rs 4,566 crore for the March 2023 quarter. The private sector lender's standalone net profit grew to Rs 3,496 crore for the January-March 2023 period against Rs 2,767 crore in the year-ago period. For FY23, the bank's consolidated net profit rose 23 per cent to Rs 14,925 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nWxqcpf via IFTTT

Market regulator Sebi has moved the Supreme Court seeking a six-month extension to complete its probe into the allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures. The top court had on March 2 asked Sebi to probe the matter within two months and also set up a panel to look into the protection of Indian investors after a damning report by a US short seller wiped out more than $140 billion of the conglomerate's market value. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ae8ghFA via IFTTT

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India's foreign exchange reserves eased from over-nine-month highs and stood at $584.25 billion for the week ended April 21, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. That is a decrease of $2.16 billion from the previous week. Reserves had gone up by a total of nearly $8 billion in the prior two weeks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HPmVK4L via IFTTT

Rallying for the fifth straight session, the 30-share BSE Sensex jumped 463.06 points or 0.76 per cent to settle at 61,112.44. During the day, it rallied 560.08 points or 0.92 per cent to 61,209.46. The broader NSE Nifty advanced 149.95 points or 0.84 per cent to finish at 18,065. Wipro was the biggest gainer in the Sensex pack, rising 2.89 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wOC4Ruy via IFTTT

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Equity benchmark indices Sensex and Nifty ended in the green on Thursday, climbing for the fourth straight day, amid fresh foreign fund inflows and intense buying in IT and telecom stocks. Buying in index majors Infosys and Reliance Industries added to the optimism in the equity market. The 30-share BSE Sensex climbed 348.80 points or 0.58 per cent to settle at 60,649.38. During the day, it jumped 397.73 points or 0.65 per cent to 60,698.31. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Mc2i14A via IFTTT

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Billionaire Gautam Adani-led group is in discussions with global banks including Sumitomo Mitsui Banking Corp, DBS Bank Ltd, Mitsubishi UFJ Financial Group and Standard Chartered, according to the people, who asked not to be identified as the discussions are private. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6igx3XF via IFTTT

Facebook's parent company, Meta, reported better-than-expected first-quarter earnings, due to the growth of its monthly user base which is inching closer to 3 billion. Meta's flagship platform, Facebook, had 2.99 billion monthly users and 2.04 billion daily users, which represented a 2% and 4% increase year-over-year, respectively. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oCAXRzf via IFTTT

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The Income-Tax Appellate Tribunal’s (ITAT) Mumbai bench recently held that the rental compensation received from a builder due to a redevelopment project is not taxable in the hands of the former flat owner. ITAT adopted this stand even as the taxpayer, the former flat owner, had not taken another accommodation on rent but had moved in with his parents. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rV61Lm4 via IFTTT

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Google's parent company, Alphabet, has reported a Q1 net profit of $15bn, beating market expectations despite a general slowdown in advertising spending. The results come after Google announced it would lay off 12,000 staff, or 6% of its workforce, as a result of over-hiring during the Covid-era boom. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xuAy6GT via IFTTT

Microsoft has reported better-than-expected quarterly revenues and profits, driven by growth in its cloud computing and Office productivity software businesses. The company reported profits of $2.45 per share in the third quarter of its fiscal year, beating Wall Street expectations of $2.23. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/69rTFc3 via IFTTT

The Dow Jones Industrial Average fell 344.57 points, or 1.02%, to 33,530.83; and the S&P 500 lost 65.41 points, or 1.58%, at 4,071.63, with both marking their biggest one-day percentage losses since March 22. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cTPuqpJ via IFTTT

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The truce between the Hinduja family, agreed upon in 2020, has been thrown into doubt after lawyers for patriarch Srichand said a dispute remained. The Hindujas agreed last year to freeze litigation that was threatening to break up the group, bringing an end to the feud. However, on Monday, it was disclosed that the family was still squabbling. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8TIOPbf via IFTTT

The Dow Jones Industrial Average rose 66.44 points, or 0.2%, to 33,875.4 while the S&P 500 gained 3.52 points, or 0.09%, at 4,137.04. The Nasdaq Composite dropped 35.25 points, or 0.29%, to 12,037.20. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8iuBdYM via IFTTT

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Vedanta Resources Limited (Vedanta), the parent company of Mumbai-listed mining giant Vedanta Ltd, on Monday said it has paid all its maturing loans and bonds due in this month to reduce its gross debt by a further $1 billion. Vedanta has now reduced debt by a total of $3 billion since it announced in February 2022 its intention to accelerate deleveraging. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wISe26s via IFTTT

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Adani Ports and Special Economic Zone has launched a debt securities buyback program aimed at repaying near-term loans due in 2024. The company has put a tender out on up to $130m of outstanding debt as it seeks to restore confidence in the businesses after Hindenburg Research report. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CAe6raH via IFTTT

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Underlining that global consensus is necessary for regulation of crypto, before India makes any move on it, finance minister Nirmala Sitharaman on Sunday said a global template may have to be created, and everyone will have to work together on it, otherwise regulating it will not be effective. She, however, said it does not mean controlling of 'distributed ledger technology', which has its goodness and potential. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/34YaoUX via IFTTT

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Indian economy has been showing signs of transition to a low-inflation regime since the second half of the 2022-23 financial year, even as global factors played a big role in the movement of inflation to a high regime from the second half of 2020-21 till the first half of 2022-23, a paper released by the RBI has said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MRrjIy via IFTTT

Private lender ICICI Bank on Saturday reported a 27.64 per cent jumo in consolidated net profit to Rs 9,852.70 crore for the January-March quarter of 2022-23 compared to the year ago period.On a standalone basis, the largest private sector lender reported a nearly 30 per cent jump in its net profit for the March quarter at Rs 9,121.87 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Te2xIzC via IFTTT