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The Free Press Journal Business News

  • Business

    Britannia Q4 net profit up 26 pc at Rs 372 cr

    FMCG player Britannia Industries on Tuesday posted a 26.53 per cent increase in consolidated net profit at Rs 372.35 crore for the fourth quarter ended March 31, 2020. The company had reported a net profit of Rs 294.27 crore in January-March quarter of 2018-19. Total revenue from operations rose to Rs 2,867.70 crore during the quarter under review as compared with Rs 2,798.96 crore in the fourth...

    • an hour ago
  • Business

    After Mubadala, two other Middle Eastern sovereign wealth funds to invest in Reliance Jio

    While Abu Dhabi's Mubadala Investment is almost about to close the deal with Reliance Jio, there are two more large Middle Eastern sovereign wealth funds that are in advanced talks with Jio, stated a report by NDTV.These two funds are expected to pick minority stakes in Reliance Jio which could be worth around Rs 7,500 crore.

    • 2 hrs ago
  • Business

    Market Update: Sensex soars 280 points as global markets improve

    The Sensex climbed 284 points while the Nifty finished above the 10,000-mark on Wednesday as risk-on sentiment remained in full gear amid supportive global cues. Banking and finance counters saw heavy demand, helping the benchmarks close in the green for the sixth straight session. After hitting a peak of 34,488.69, the 30-share BSE Sensex shed some gains in fag-end trade to finish...

    • 2 hrs ago
  • Business

    CII's new officer bearers for 2020-2021: Kotak Mahindra Bank's Uday Kotak; Tata Steel's T V Narendran; and Bajaj Finserv's Sanjiv Bajaj

    Uday Kotak, Managing Director and CEO, Kotak Mahindra Bank Limited takes over as President of CII for 2020-21. Meanwhile, T V Narendran, CEO and Managing Director of Tata Steel Limited, is named as the President Designate of CII for 2020-21. This year the role of Vice President will be with Sanjiv Bajaj,...

    • 4 hrs ago
  • Home

    Saregama and Facebook strike global licensing deals

    Saregama India on Wednesday announced a global deal with Facebook to license its music for video and other social experiences across Facebook and Instagram. The partnership will allow users to choose from a wide variety of music to add to their social experiences like videos, stories via music stickers and other creative content.

    • 5 hrs ago
  • Home

    Kedaara group completes acquisition of Religare Health Insurance Company for Rs 567 crore

    Trishikhar Ventures LLP, arm of Kedaara group entity, has acquired shares of Religare Health Insurance Company Limited (RHICL) from Religare Group for Rs 567.31 crore. The total investment made by Kedaara group comprises primary capital infusion of Rs 300 crore and Rs 267.31 crore for the purchase of RHICL shares from existing shareholders. The investment...

    • 5 hrs ago
  • Home

    Drop in gold prices: Retail consumers can buy 22-carat gold for Rs 4,493 per gram

    Today, gold has witnessed a drop in prices. The yellow metal, which was upward moving since the outbreak of the COVID-19 pandemic, tumbled over emergence of economies from coronavirus-led shutdowns.Today, as per IBJA indicative retail selling rates for gold jewelry, for 22 carat, the rate is Rs 4,493 per gram and for 18 carat, the rate is Rs 3,718 per gram.

    • 6 hrs ago
  • Business

    86% of workers globally demand new skills training from employers: Survey

    Bengaluru: About 86 per cent of office workers around the world wish their employer offered opportunities to acquire new skills, said a survey on Monday. Nearly 83 per cent respondents said they wish their employer gave them more opportunities to enhance their current skills, said the survey by US-based enterprise robotic process automation (RPA) software company UiPath.

    • 9 hrs ago
  • Business

    Market Update: Sensex rallies 500 points tracking positive cues from global markets

    Equity benchmark Sensex rallied over 500 points in early trade on Wednesday, led by strong buying in HDFC duo, ICICI Bank and Reliance Industries as positive domestic and global cues enthused investor sentiment. Massive influx of foreign funds also supported market sentiments, traders said. After hitting a high of 34,422.71, the 30-share index was trading 513.91...

    • 10 hrs ago
  • Business

    IndiGo flies into Rs 871 cr quarterly loss on higher expenses

    InterGlobe Aviation on Tuesday reported a net loss of Rs 870.8 crore in the three months ended March, as higher expenses and suspension of flight operations due to coronavirus pandemic took a toll. The parent of the country's largest airline IndiGo had a profit after tax of Rs 595.8 crore in the year-ago period. "Closure of flight operations during national lockdown on...

    • 13 hrs ago

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