scorecardresearch
Corporate

Corporate

Aramco's net profits were helped by strong second-quarter earnings ending in June that hit $48.4 billion — a figure higher than all of the first six months of 2021

Saudi Aramco’s profits jump 90%, high oil prices help earn $88 billion in first half

Aug 14, 2022

The increase is a boon for the kingdom and the crown prince's spending power as people around the world pay higher gas prices at the pump while energy companies rake in top earnings.

Telecom bundling leads to cannibalisation of the user base, and reduces the already low OTT average revenues per users (ARPU), experts say.

What is the 'freemium' model? Why OTT players are swaying towards it?

Aug 14, 2022

OTT streaming has largely been an urban phenomenon. As the players look to expand to the smaller cities and towns, especially with their regional content, bundling with telecom operators will become inevitable, concede the players.

With an investment of over Rs 31,000 crore in the Indian equity market, Jhunjhunwala was among the top investors in the country.

Rakesh Jhunjhunwala's roaring presence in investor calls, TV channels will be missed: Analysts

Aug 14, 2022

In an interaction with a media channel, Rakesh Jhunjhunwala last year said that it will take another 15 years for the country to become a superpower.

Rakesh Jhunjhunwala (right) will be remembered for his jovial personality, Ratan Tata said.

Ratan Tata remembers Rakesh Jhunjhunwala, calls him 'jovial personality'

Aug 14, 2022

"Rakesh Jhunjhunwala, who sadly passed away this morning, will always be remembered for his acute understanding of the stock exchanges of India," Ratan Tata said.

"We cannot thank Mr. Jhunjhunwala enough for being an early believer in us," Akasa CEO Vinay Dube said.

Rakesh Jhunjhunwala death: What will happen to Akasa Air now?

Aug 14, 2022

The marquee investor had put his $35 million in low-cost carrier Akasa Air for an over 40 per cent stake.

Rakesh Jhunjhunwala passed away on Sunday morning at the age of 62.

Rakesh Jhunjhunwala’s one-liners prove he wasn't only the master of markets

Aug 14, 2022

Rakesh Jhunjhunwala will be remembered for his vision for India and words of wisdom which will continue to guide investors going ahead.

Representative image

Six of top 10 companies add Rs 1,56,247 crore to market cap; RIL biggest gainer

Aug 14, 2022

While RIL, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, HDFC and Bajaj Finance saw gains in their market capitalisation (m-cap) in the holiday-shortened week, Infosys, HUL and LIC suffered losses.

Representative image

LIC keen to re-enter mediclaim segment, awaiting regulatory clarity: Chairman MR Kumar

Aug 14, 2022

"We are already doing a lot of long-term health protection and guaranteed health products. And we are evaluating the suggestion that the regulator Irdai made recently," LIC Chairman MR Kumar told.

Former Deutsche Bank CEO Anshu Jain passes away at 59. Photo: Twitter

Former Deutsche Bank CEO Anshu Jain passes away at 59

Aug 13, 2022

The British Indian banker, 59, was mostly known for his extensive role in Deutsche Bank between 2012 and 2015

Huawei Telecommunications India chief executive officer (CEO) Li Xiongwei was stopped by the Income Tax Dept at Indira Gandhi International Airport in New Delhi from flying to Bangkok

Huawei Telecommunications India CEO tells court that he is a Chinese, not a terrorist

Aug 13, 2022

CEO Li Xiongwei was stopped by the Income Tax Dept at Indira Gandhi International Airport in New Delhi from flying to Bangkok

Representative image

Weekly rundown: UpGrad, CleverTap bag large rounds; OYO makes European acquisition

Aug 13, 2022

Upskilling unicorn upGrad and customer engagement SaaS platform CleverTap have raised large venture capital funding rounds this week even as overall start-up funding continues to slow down in volume and value.

ONGC net profit triples on bumper oil, gas prices

ONGC net profit triples on bumper oil, gas prices

Aug 12, 2022

Oil and Natural Gas Corporation's (ONGC) standalone net profit at Rs 15,205.85 crore, or Rs 12.09 per share, in April-June, compared to Rs 4,334.75 crore, or Rs 3.45 a share, in the same period a year back.

LIC Q1 Results: Net profit climbs 232 times to Rs 683 crore, net premium income jumps over 20% (Photo: Reuters)

LIC Q1 Results: Net profit climbs 232 times to Rs 683 crore, net premium income jumps over 20%

Aug 12, 2022

LIC had posted a standalone profit of Rs 2.94 crore in the corresponding quarter last year. On the other hand, the net premium income of LIC increased by 20.35 per cent YoY to Rs 98,351.76 crore.

NCLT paves way for Piramal Enterprises and Piramal Pharma demerger

NCLT paves way for Piramal Enterprises and Piramal Pharma demerger

Aug 12, 2022

The demerger is expected to create one of India’s large listed diversified non-bank financial companies (NBFCs), with a loan book of around $9 billion and would also have a significant presence across retail and wholesale financing.

Apollo Tyres Q1 profit rises 49% at Rs 191 cr

Apollo Tyres Q1 profit rises 49% at Rs 191 cr

Aug 12, 2022

Revenue from operations during the period under review stood at Rs 5,942 crore as against Rs 4,584.47 crore in the year-ago quarter, Apollo Tyres said in a regulatory filing.

The automaker also claims that the Scorpio has attained legendary status and represents the tough and authentic DNA of Mahindra SUVs.

Mahindra celebrates 20 years of Scorpio brand, unveils 'Scorpio Classic' with new features

Aug 12, 2022

The Scorpio Classic will be offered in two trims - Classic S and Classic S11 - and will continue to be sold alongside the All-New Scorpio-N which was launched in June this year. The prices of the Scorpio Classic would be announced on August 20, 2022.

LIC’s this ‘Special Revival Campaign’ is a unique drive that extends to all non-unit-linked insurance plan (ULIP) Policies with concession in a late fee.

LIC launches special campaign for policyholders to revive lapsed policies

Aug 12, 2022

This campaign gives a rare opportunity for LIC’s valued policyholders to revive their lapsed policies and continue the benefit of insurance to protect the financial interests of their family, LIC stated.

As per the company, this is an extension of its Independence Day campaign, Pragati Mahotsav, which celebrates the contribution of its retail partners.

PayNearby to waive off business account opening fees for women entrepreneurs

Aug 12, 2022

The fintech platform also said that it aims to onboard over 10 lakh women entrepreneurs by FY24.

Sony Pictures Networks India to shift Mumbai office to 100% renewable electricity (Photo: Reuters)

Sony Pictures Networks India to shift Mumbai office to 100% renewable electricity

Aug 12, 2022

This green initiative will allow the organisation to save 2,500-2,700 tonnes of CO2 per year, which is equivalent to a 10 per cent reduction in the organisation’s overall carbon footprint in FY22-23, the company said.

IIAS opposes Vijay Shekhar’s salary and reappointment

Proxy advisory firm opposes Vijay Shekhar’s salary, reappointment to Paytm board

Aug 12, 2022

IIAS spoke about the massive fall in Paytm shares from the issue price resulting in destruction of wealth for shareholders. 

Ajay Kumar Thakur, who heads the SME and start-up segment of BSE, believes the success of the platform has created confidence and brought positivity among SMEs and other stake holders

BSE SME segment sees representation from 20 states 

Aug 12, 2022

The success of BSE SME platform has created confidence and brought positivity among SMEs and other stake holders, says Ajay Kumar Thakur, Head BSE SME & Start-up, BSE; he hopes the segment will help many more SMEs get equity funding, visibility and unlock value.