India’s Bharat Petroleum Corp plans to shut its 156,000 barrels-per-day (bpd) Bina refinery in central India for about a month in June for maintenance, two sources familiar with the plan…
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Adani Group to spin off hydrogen, airport, and data centre businesses by 2028
Billionaire Gautam Adani’s group intends to spin off businesses like hydrogen, airports, and data centres between 2025 and 2028 once they reach a specific investment profile, the company’s Chief Financial…
After India, China gives financing assurances to Sri Lanka for IMF bailout package
China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the…
Why OTTs now want films to release in theatres first
OTT platforms — which emerged as the messiah for movies during the pandemic by becoming their primary source of revenue and audience — are not buying them anymore without a…
ICICI Bank Q3 Results: Profit after tax grows 35%, bad loans ratio declines
Private sector major ICICI Bank on Saturday reported that its profit after tax grew by 34.2 per cent year-on-year to Rs 8,312 crore in the December quarter. It reported that…
Bombay HC quashes Yes Bank Administrator’s decision to write off Additional Tier 1 (AT-1) bonds
The Bombay High Court on Friday quashed a decision taken by the Yes Bank Administrator on March 14, 2020 to write off Additional Tier 1 (AT-1) bonds noting the Administrator…
Yes Bank Q3 results: Net profit falls 81% to Rs 52 cr, asset quality improves
Private lender Yes Bank on Saturday reported 81% decline in standalone net profit at Rs 52 crore for the quarter ending December 31, 2022 as against Rs 266 crore in…
UltraTech Cement Q3 results: Revenue up 19.5% to Rs 15,520.93 cr, profit drops 38%
Cement major UltraTech, which is controlled by Aditya Birla, has reported that its consolidated net profit for the October-December quarter dropped 38 per cent to Rs 1,058.20 crore. However, its…
Kotak Mahindra Bank Q3 earnings: Profit grows 31% to Rs 2,792 crore
Private lender Kotak Mahindra Bank’s profit grew by 31 per cent year-on-year (YoY) to Rs 2,792 crore in the October-December quarter of 2022-23. The Net investment income (NII) was up…
Canara Bank to sell its stake in Russian joint venture to SBI for Rs 114 crore
Canara Bank on Friday said it plans to sell its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to the other venture partner State Bank of India (SBI)…