Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more
India’s pre-owned cars sales market is expected to reach 1.09 crore units with value more than doubling to USD 73 billion by FY28, according to the latest Indian Blue Book (IBB) report. In FY23, the pre-owned cars sales in India stood at about 51 lakh units. The domestic used car industry was valued at USD … Read more
NEW DELHI: The domestic coal-based power generation increased 8.38 per cent to 779.1 Billion Units (BU) in April-November FY24 , an official statement said on Saturday. In the year-ago period, the domestic coal-based power generation stood at 718.83 BU. India’s power generation increased 7.71 per cent in the period under review, the coal ministry said … Read more
MUMBAI: Jewellery consumption, in terms of value, is expected to grow by 10-12 per cent in this financial year, mainly on account of increase in gold prices, a report said on Friday. Rating agency Icra has revised upward its forecast for the year-on-year (YoY) domestic jewellery consumption growth (in value terms) in FY24 to 10-12 … Read more
GST collections rose to Rs 1,67,929 crore in November – a 15.1% rise year-on-year – following strong domesticdemand during the festival season and greater focus on compliance. It was the fastest pace of expansion since last December. Central GST accounted for Rs 30,420 crore, state GST for Rs 38,226 crore. The finance ministry said that … Read more
MUMBAI: The rupee appreciated by 10 paise to 82.93 against the US dollar in early trade on Tuesday tracking a positive trend in domestic equities and foreign fund inflows.Forex traders said the rupee is trading in a narrow range as the soft US dollar and positive domestic markets provided support, while concerns over global economic … Read more
ZURICH: UBS Group said on Thursday it would fully absorb Credit Suisse’s domestic bank – a decision that comes despite a likely backlash in Switzerland where it could result in the loss of thousands of jobs. The long-awaited announcement was made in tandem with UBS’s first earnings report since taking over its stricken rival. UBS … Read more