[ad_1] Diversified conglomerate ITC Ltd on Friday reported a consolidated net profit of Rs 5,343.41 crore for the June 2025 quarter, according to a regulatory filing. The company had posted a consolidated profit of Rs 19,807.88 crore in the year-ago period, which included a one-time exceptional gain. Revenue from operations during the quarter stood at…
[ad_1] US President Donald Trump on Friday called on the Federal Reserve’s board of governors to wrest control of monetary policy from Chair Jerome Powell, escalating his public campaign for deep interest rate cuts and directly attacking Powell as “stubborn.”In a post on his Truth Social platform, Trump said, “If Powell doesn’t ‘substantially’ lower rates,…
[ad_1] Exxon Mobil and Chevron on Friday reported their lowest second-quarter profits in four years, as lower global energy prices and a surge in oil supply from OPEC+ weighed on revenues. However, both US oil giants still managed to beat Wall Street’s earnings expectations, driven by higher production volumes.Texas-based Exxon Mobil posted a net profit…
[ad_1] India’s foreign exchange reserves rose by $2.703 billion to $698.192 billion during the week ended July 25, according to the Reserve Bank of India’s latest data released on Friday.This increase comes after a decline of $1.183 billion in the previous reporting week, when total reserves had slipped to $695.489 billion, PTI reported.The latest uptick…
[ad_1] NEW DELHI: India’s gross Goods and Services Tax (GST) revenue rose 7.5% year-on-year to Rs 1.96 lakh crore in July, according to data released by the finance ministry on Thursday.In comparison, GST collections in June stood at Rs 1.85 lakh crore, registering a 6.2% increase over the same month last year.(The story is being…
[ad_1] Adani Power Ltd (APL) reported a 15.53% decline in consolidated net profit for the April-June quarter, with earnings falling to Rs 3,305 crore amid pressure from subdued merchant tariffs and elevated operating costs linked to recent acquisitions.The country’s largest private thermal power producer had posted a net profit of Rs 3,913 crore in the…
[ad_1] India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing Purchasing Managers’ Index increased to 59.1 in July from June’s 58.4, indicating the sector’s strongest performance since March 2024.For PMI measurements, readings above 50…
[ad_1] India will face an additional penalty for its oil and arms trade with Russia. The quantum of this penalty has not yet been announced. (AI image) Donald Trump tariff impact? Public sector refiners including Mangalore Refineries and Petrochemicals Ltd (MRPL), Bharat Petroleum Corporation, Indian Oil Corporation, and Hindustan Petroleum Corporation have stopped buying Russian…
[ad_1] Image used for representative purposes(AI image) NEW DELHI: Global trading company Jane Street is reportedly not assisting the Income Tax Department with their ongoing investigation, according to sources.Sources told ANI that the investigation faces significant challenges as the company’s essential servers are situated outside India, with officials encountering access limitations. “Access to the servers…
[ad_1] It’s raining NFOs in the monsoon. At least 10 new mutual fund schemes are slated for launch this month. (AI image) Mumbai: It’s raining NFOs in the monsoon. At least 10 new mutual fund schemes are slated for launch this month. This is in addition to the 10 ongoing NFOs that were launched in…