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FMCG major Nestle India yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter

Nestle's lower rural biz comes to its rescue

The FMCG major reported a net sales growth of 11.35 per cent and increase of 10.83 per cent in net profit in the second...

20 Aug 2019 7:31 AM IST

Quarter on quarter aggregate revenue of BSE 500 companies saw de-growth of 3.7 per cent from Rs 22,61,772.8 crore in January-March 2019 quarter while profit after tax saw 19 per cent growth from Rs 1,18,940.3 crore.

India Inc reports a lacklustre Q1

Among the Nifty-50 companies the aggregate revenue growth was modest at 6.3 per cent while the PAT grew at 2.5 per cent.

20 Aug 2019 7:28 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

PE/VC infra deals this year beat 7-year total

The infrastructure has been witnessing the private equity and venture capital investments going up since 2012.

20 Aug 2019 7:24 AM IST

FHRAI says contracts signed by food apps with restaurants are one-sided.

Pressure mounts on food apps to reduce discounts

Last week, around 1,000 restaurants from across the country had decided to pull out of membership and restaurant...

20 Aug 2019 7:20 AM IST

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

FM says corporate tax for cos to be cut gradually

Corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 pc, said FM Nirmala...

19 Aug 2019 7:31 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Reliance again becomes most valued firm by market capitalisation

At close of trade on Monday, RIL's m-cap stood at Rs 8,19,073.62 crore, which is Rs 7,226.43 crore more than that of...

19 Aug 2019 7:11 PM IST

The authority makes it clear that once the construction is complete and possession is given, section 18 of the MahaRERA Act, which allows interest, ceases to exist.(Representational image)

FinMin mulls stress fund for infra sector: Housing Secretary Mishra

As my information, the discussion for stress fund is on in the Finance Ministry, said Housing Secretary Durga Shanker...

19 Aug 2019 6:55 PM IST

Swiggy Scheduled, users can now place their orders in slots of 30 minutes, a minimum of two hours and maximum of 48 hours in advance. (Photo: ANI)

FHRAI asks food service aggregators to review discounting schemes or...

FHRAI in a statement said it has asked food service aggregators to engage in a 'fruitful dialogue' to arrive at a...

19 Aug 2019 6:40 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee plunges to over 6-month low of 71.43; skids 29 paise

Rupee tumbled amid growing worries over economic slump and sustained foreign fund outflows.

19 Aug 2019 6:34 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Task force on Direct Tax Code submits report to FM

The details of the report, however, could not be known immediately.

19 Aug 2019 5:51 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Sensex, Nifty end marginally higher; bank, auto stocks restrict gains

A sense of caution prevails among investors who are awaiting some measures from the government to arrest demand...

19 Aug 2019 4:30 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold slips Rs 100 to Rs 38,570 on muted demand, weak overseas trend

Gold is trading at Rs 38,570 per 10 gram in the national capital, tracking weak trend overseas and lacklustre demand...

19 Aug 2019 3:59 PM IST