LiveGo First Plans to Avail Rs 600 Crore Loan Under ECLGS
Budget Airline Go First plans to soon avail Rs 600 crore loan below the Emergency Credit Line Guarantee Scheme (ECLGS) for its processes ahead of...
Category : BUSINESS
EU Financial Regulators Exclude 6 Indian Counterparties
European banks functioning in India is likely to find it problematic to operate viably if the Reserve Bank of India (RBI) and Securities and Exchange...
Lenovo Reports Revenue Drop As Lockdowns Weigh
On Thursday, China’s Lenovo Group reported its first revenue fall in 10 quarters due to fall in sales caused by COVID lockdowns. The world’s largest...
Ternium Reports 84% Fall in Q3 Profit, Sees Lower Steel Margin Ahead
On Thursday, steelmaker Ternium posted an 84 per cent decline in its third quarter net income to USD 220 million. Reportedly, the steelmaker was hit...
BMW Q3 Results Beat Estimates Amid Boost From Price Jumps
On Thursday, Bayerische Motoren Werke AG (BMW) posted an increase in Q3 quarter income and sales. The German car manufacturer reported earnings before interest and...
Stellantis Revenues Jumps in Third Quarter as Chip Supply Challenges Improve
Sales at Stellantis NV (BIT:STLA) increased sharply in Q3, as an easing in supply chain constraints helped increase car deliveries. It is to be noted...
Wheat Export Doubles to $1.48 Billion in April-September Quarter
The Commerce Ministry said that the country’s wheat exports had increased four times to $1.48 billion during April-September 2022-23, linked to the year-ago period. The...
GIC, ESR to Set Up $600 Million Fund to Invest in Industrial, Logistics Assets in India
Singapore’s sovereign wealth fund GIC has formed a joint venture with ESR Group Ltd to set up a $600 million fund to acquire logistics and...
M&M Financial Services Flows 9% on Healthy Business Growth in Q2FY23
In Thursday’s intra-day trade, the shares of Mahindra & Mahindra Financial Services surged 9% to Rs 211.40 on the Bombay Stock Exchange just after the...
PNB Transfer Bad Loans Rs 20,008 Crore to NARCL
On Wednesday, Punjab National Bank (PNB) recognised bad loans value of Rs 20,008 crore from 62 accounts. It is to be transferred to the Government-backed...