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IOB reports 49.3% increase in profits in Q1 of FY27
Chennai, July 21: Indian Overseas Bank (IOB) has reported a robust 49.3% year-on-year growth in net profit at 1,659 crore for June quarter.
The surge in profits has been boosted by a huge 34.3% rise in core net interest income as…
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No plans to scrap LTCG tax on equity investments: Government
New Delhi, July 21: Quashing speculation, the government has said it has no plans to scrap the Long-Term Capital Gains (LTCG) tax on equity investments.
"At present, there is no such proposal under consideration. The tax policies,…
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BPCL Launches ‘Bharatgas Lite ZIP’ to provide Instant Connection and Express Delivery
New Delhi, July 20: State-run Bharat Petroleum Corporation Limited (BPCL) today launched premium Free Trade LPG (FTL) scheme, named 'Bharatgas Lite ZIP', to provide Instant New Connection and Express Delivery.
The scheme has been…
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Brent crude oil prices surge as West Asia war rages
New Delhi, July 20: Brent crude oil today was trading at its highest price since June in the wake of increased fighting in West Asia.
Crude surged over the past week as the US and Iran traded fire, engulfing the region and…
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Rupee weakens, touches 96.42 against US Dollar
New Delhi, July 20: The Indian rupee weakened 12 paise to 96.42 against the US dollar in early trade today amidst surge in crude oil prices and a strong demand for the American currency as the West Asia conflict escalated.…
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Plastic currency likely to be introduced next year in India
New Delhi, July 19: Over 10 years after demonetisation, India is likely to see introduction of currency notes in polymer, or plastic.
The Reserve Bank of India (RBI) is reportedly preparing to roll out currency notes of Rs 10 and Rs 20…
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Afghan business community keen to boost trade with India at Pakistan’s cost
New Delhi, July 19: Amidst a strong desire to cut trading ties with a hostile Pakistan, the business community of Afghanistan are keen to boost economic and commercial relations with India and want facilitation in this regard.…
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Monsoon to gather strength in the coming week: IMD
New Delhi, July 19: The Monsoon, which has not been strong enough so far in July, is staging a strong comeback, according to the India Meteorological Department (IMD).
Nationwide, there has been a rainfall deficit of 24 per cent so far,…
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Gas output at KG-D6 fields of Reliance-BP fell 7% in June quarter
Mumbai, July 19: The production of natural at the KG-D6 fields operated by Reliance Industries Ltd (RIL) and BP Plc fell by nearly 7 per cent year-on-year in the June quarter.
Production from the second-wave of discoveries in the KG-D6…
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Yes Bank reports 34% rise in profits in Q1 of FY27
New Delhi, July 18: Yes Bank today reported a 34 per cent increase in its profits in the first quarter of financial year 2027.
The private bank posted a net profit of ₹1,070 crore ($111.13 million) for the three months ended June 30, up…
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