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The Free Press Journal Business News

  • Business

    Budget 2021: Finance Ministry holds Halwa Ceremony; Nirmala Sitharaman, Anurag Thakur present

    Delhi: 'Halwa Ceremony' is being held at Finance Ministry to mark the beginning of printing of documents relating to Union Budget 2021-22. Union Finance Minister Nirmala Sitharaman and Union Minister of State for Finance & Corporate Affairs Anurag Thakur are present. var embedId = {jw: [],yt: [],dm: [],fb: []};function pauseVideos(vid)...

    • 5 hrs ago
  • Business

    Petrol, diesel prices hiked by 25 paise for second consecutive day - Check today's fuel prices in Delhi, Mumbai, Chennai, Kolkata here

    Petrol and diesel prices were hiked by 25-26 paise per litre on Saturday for the second consecutive day.This took the petrol price in Delhi to Rs 85.70 per litre and Rs 92.28 in Mumbai. Diesel rate climbed to Rs 75.88 a litre in the national capital - its highest ever. In Mumbai, diesel price too increased to an...

    • 10 hrs ago
  • Business

    Budget 2021: Customary halwa ceremony to be held today ahead of Union Budget presentation

    New Delhi: The customary halwa ceremony, which marks the process of printing documents for the Union Budget, will be hosted by the Finance Ministry on Saturday ahead of the presentation of the Union Budget on February 1.Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur, Secretaries of Finance Ministry and other officials of...

    • 11 hrs ago
  • Home

    Gold rate drops below Rs 49,200 per 10 grams amid weak trend in international market

    After a three-day winning streak, gold prices on Friday slipped to Rs 49,140 per 10 grams, due to a weak trend in the international market. According to the prices given by the Indian Bullion and Jewellers Association, on January 22, the closing rate without GST for gold (purity-999) was Rs 49,140 and for gold with purity-995 Rs 48,943. Silver prices also...

    • 12 hrs ago
  • Business

    Senco's jewellery for men contributes 15-20% to the Rs 2,500 crore turnover: Suvankar Sen, CEO of company tells BrandSutra

    SUVANKAR SEN, CEO, Senco Gold & Diamonds, the 37-year-old Senco scion, lost his father Shaankar Sen to COVID-19 last July, and suddenly had a lot of responsibility on his young shoulders. Here, he recounts in his own words, the challenges and opportunities of running the business ever since he joined it in 2007, tackling...

    • 21 hrs ago
  • Business

    JSW Steel's net profit jumps manifold to Rs 2,669 crore in December quarter

    JSW Steel on Friday reported a manifold jump in its consolidated net profit to Rs 2,669 crore for the December 2020 quarter.The private sector steel maker had clocked a net profit of Rs 187 crore in the corresponding quarter of the previous financial year, JSW Steel said in a BSE filing.Its total consolidated income during October-December 2020 rose to Rs 22,006 crore,...

    • 21 hrs ago
  • Business

    Indian Bank posts net profit of Rs 514 crore in Q3 as asset quality improves

    State-owned Indian Bank on Friday reported a standalone net profit of Rs 514 crore in the third quarter of the current fiscal, helped by an improvement in the asset quality.The lender amalgamated Allahabad Bank with itself with effect from April 1, 2020.Accordingly, the combined financials as on December 31, 2019, and March 31, 2020, have been arrived at by aggregation...

    • 21 hrs ago
  • Business

    Indigo Paints IPO garners robust response; subscribed 117 times on final day

    Indigo Paints' Rs 1,170-crore initial share-sale garnered an overwhelming response from investors and was subscribed 117 times on the final day of bidding on Friday.The IPO has received bids for 64.58 crore shares against an offer size of 55.18 lakh shares, translating into a subscription of 117.02 times, data available on the exchanges showed. The portion reserved...

    • 21 hrs ago
  • Business

    Assam MFI Bill may increase asset-quality challenges for micro lenders: Crisil

    The recently passed Micro Finance Institutions (MFI) Bill, 2020 by the Assam Assembly has the potential to increase asset quality challenges for micro lenders, according to a Crisil Ratings report.It said announcement of any loan waiver could affect the repayment discipline which could further worsen the situation for micro financiers.

    • 21 hrs ago
  • Business

    Tata Motors hikes prices of passenger vehicles

    Tata Motors on Friday said it has increased prices of its passenger vehicle (PV) range by up to Rs 20,000 to offset rising input costs and semiconductors.The company joins others like Maruti Suzuki and Mahindra & Mahindra, which have also hiked their vehicles' prices. "Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass...

    • 21 hrs ago

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