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  • Business

    COVID-19-induced lockdowns impact: Adani Ports Q1 net profit falls 26%

    Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday reported 26.33 per cent decline in consolidated profit to Rs 757.83 crore for the first quarter ended June 30, impacted by COVID-19-induced lockdowns.The country's largest integrated logistics player had clocked a consolidated net profit of Rs 1,028.69 crore in the corresponding period a year earlier, the...

    • 2 hrs ago
  • Business

    COVID-19 impact: Petronet invokes force majeure on 9 cargoes

    Petronet LNG Ltd (PLL), the country's biggest gas importer, on Tuesday said it invoked the force majeure on nine cargoes after COVID-19 lockdown cut offtake by consumers.Petronet imports natural gas in its liquid form (LNG) from countries such as Qatar and Australia and pipes it to users such as power plants and fertiliser units after re-converting it into its gaseous state.

    • 2 hrs ago
  • Business

    Due diligence to pick 20% stake in Reliance's oil to chemical business on, says Saudi Aramco's CEO

    Saudi Aramco, the world's largest oil exporter, is doing due diligence on buying a USD 15 billion stake in Reliance Industries Ltd's refining and petrochemical business, its CEO Amin Nasser said.Billionaire Mukesh Ambani had in August last year announced plans to sell to Aramco a 20 per cent stake in RIL's oil-to-chemical (O2C)...

    • 2 hrs ago
  • Home

    COVID-19 times: FMCG consumption highest in 2 years

    Household consumption of FMCG products in April-June 2020 was the highest in the last two years, led by personal care items, a report said.The fast-moving consumer goods (FMCG) industry registered a growth of 4.3 per cent in volume and 8.5 per cent in value terms in the lockdown-hit April-June quarter, as per the report by data, insights and consulting company Kantar. Personal care segment...

    • 2 hrs ago
  • Home

    Japan tech giant SoftBank's profits rise on investments

    Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12 per cent in April-June from a year earlier as its investments added to its coffers, including sales of its shares in US carrier T-Mobile.Tokyo-based SoftBank reported Tuesday a fiscal first quarter profit of 1.2 trillion yen (USD 11.5 billion), up from 1.1 trillion yen in the previous fiscal year....

    • 2 hrs ago
  • India

    LJP against poll; BJP, JD(U) want it on time

    Law Kumar MishraPatnaThe Election Commision (EC) has started preparations for the Bihar assembly election to be conducted on schedule, as the term of the present (16th) assembly ends on November 29 and the poll may be held in phases between October and November.The ruling National Democratic Alliance (NDA) partner, the Lok Janshakti Party (LJP) has opposed the move to hold the election on its...

    • 2 hrs ago
  • India

    Congress patch-up spoils BJP's Rajasthan game

    With the Congress leadership averting a crisis in Rajasthan, its effects are being seen on the BJP camp. The opposition party cancelled its legislators' meet scheduled for Tuesday evening as well as a three-day "training camp" for which many of its MLAs had been asked to stay put in a hotel. It has begun taking austerity measures to save money.

    • 2 hrs ago
  • Home

    Back to square one: Covid cases swell again in Karnataka

    BengaluruAfter reporting a decline in Covid-19 cases, Karnataka again recorded a spike in new cases with 6,257 people testing positive on Tuesday. While Bengaluru maintained a declining trend with 1,610 cases, the virus seems to be spreading to other districts like Ballari (736 cases), Belagavi (575) Dharwada (276), Dakshina Kannada (234) and Mysuru (238).

    • 2 hrs ago
  • India

    Palaniswami urges PM-CARES to fund RT-PCR tests

    With the COVID-19 pandemic showing no let-up in its spread, Tamil Nadu Chief Minister Edappadi K. Palaniswami on Tuesday urged Prime Minister Narendra Modi to fund 50% of the cost of the RT-PCR tests from the PM-CARES fund.At a meeting of Chief Ministers, chaired by Modi via video conferencing from New Delhi, Palaniswami said that Tamil Nadu was continuing with its "aggressive, targeted...

    • 3 hrs ago
  • Home

    Central Bank of India reports 21% rise in Q1 net profit amid COVID-19

    Public sector Central Bank of India on Tuesday reported a 21 per cent rise in its consolidated net profit at Rs 147.21 crore in the quarter ending June.The bank had posted a net profit of Rs 121.61 crore during the same quarter a year ago.Total income of the bank (consolidated) rose to Rs 6,751.86 crore during April-June quarter of 2020-21 as against Rs 6,518.37 crore in the...

    • 3 hrs ago

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