Agrika

Praj Industries Ltd granted in-principle approval to form a Joint Venture company with Indian Oil Corporation Ltd

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Indian Oil

On 25 May 2023, the Board of Indian Multinational Project Engineering Company Praj Industries Limited gave its in-principle approval to form a joint venture with Indian Oil Corporation Limited. Read Also: Green Hydrogen Energy: India plans to produce 5 million tonnes of green hydrogen by 2030 Praj Industries Limited’s diversified portfolio includes Bio-energy solutions, High … Read more

Go First Collapse Explained: what and why Go First Airline faced bankruptcy crisis

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Go First airline's A320neo passenger plane passing over the city of Mumbai, India

India’s aviation sector is once again in the limelight after the Indian GoFirst airline filed for bankruptcy on Tuesday. On 2 May 2023, GoFirst Airline filed an application for resolution under Section 10 of the Insolvency and Bankruptcy Code with the National Company Law Tribunal (NCLT) in Delhi. GoFirst is India’s third-largest budget carrier airline, … Read more

Nestle India Q1 CY23 results: Net profit increased by 24.7% YoY to ₹ 736.64 crore; Declared interim dividend of ₹ 27 per share

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share price on the screen

On Tuesday 25 April, Nestlé India Limited, an Indian subsidiary of Swiss multinational company Nestle, released the results of the January-March quarter i.e. Q1 CY2023. Nestle India Limited recorded an increase of ₹ 736.64 crores in its net profit in quarter 1 of the current year 2023 (Q1 CY23) with an increase of 24.7% year-on-year. … Read more

HCL Tech Q3 FY23 earnings: Gross profit grew by 16.9% YoY to Rs 9980 crore; interim dividend of Rs 10 per equity share

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share price on the screen

Today HCL Tech announced its Q3 FY23 results after the market closed on Thursday. HCL Tech reported a 19.3% YoY growth in total income at Rs 26,960 crore in Q3 FY23 as against Rs 22,586 crore in the same quarter last year. HCL Tech reported a 18.9% YoY increase in total expenses to Rs 21,588 … Read more

OYO files addendum to DRHP for its IPO with SEBI along with latest financial results

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The logo of OYO, India's largest hotel chain, is seen installed on a hotel building in Jaipur

On Monday 19 September, OYO filed an addendum to the Draft Red Herring Prospectus (DRHP) filed earlier for its initial public offering (IPO) in October 2021 with the Securities and Exchange Board of India (SEBI). OYO (formally Oravel Stays Limited) disclosed its latest financials in the IPO filing addendum in which OYO’s revenue stood at … Read more

India cross 10 crore Demat accounts in August 2022, 60% new Demat accounts opened in 29 months

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Statistics of Demat Accounts in 2022

Indian stock market touched a significant milestone of 10 crore Demat accounts in August 2022. A total of 22 lakh new Demat accounts were opened in the month of August. Now the total Demat account in India is 10,05,10,862 crores which is a new record for the Indian stock market. According to the National Securities … Read more

India gifts Dornier aircraft to Sri Lanka during a ceremony in Colombo

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Indian Dornier aircraft flying in the sky during training

On Monday 15 August 2022, India gifted a Dornier-228 aircraft to strengthen Sri Lanka‘s maritime security. The Indian Air Force and Indian officials handed over the Dornier-228 Maritime Surveillance Reconnaissance Aircraft to the Sri Lankan Air Force base at Katunayake during a ceremony. Katunayake is a suburb of the city of Negombo in Sri Lanka, … Read more

Fare cap on domestic airlines to be removed from August 31: Civil Aviation

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Airplane at Jaipur airport

India’s civil aviation ministry has announced that from August 31 2022 all fare caps on domestic airlines will be removed. The Indian government on 21 May 2020 had set minimum and maximum price bands for airfares based on flight duration during the coronavirus pandemic to control fares. Aviation Minister Jyotiraditya Scindia said that due to … Read more