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21 Aug

Aluminium futures increase: New deals fuel price rise

Business CorrespondentBusiness, News

New Delhi: Aluminium prices rose by 10 paise to Rs 250.75 per kg in futures trade on Thursday as speculators created new deals amid a positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for September delivery rose 10 paise, or 0.04 percent, to Rs 250.75 per kg in a business turnover of 1,483 lots. Analysts said fresh buying by traders amid demand from consumer industries supported aluminium prices in the futures market.

20 Aug

Ola Electric shares gain 8.5%; Know why the stock is rising today

Business CorrespondentBusiness, News

Ola Electric shares rose 8.5% to their highest level of ₹44.78 per share on the NSE on Tuesday, August 19. This came after founder Bhavish Aggarwal shared launch plans and growth strategy in the upcoming quarters. In an interview to Moneycontrol, Aggarwal said that products with 4,680 cells will reach customers by Navratri. The electric vehicle maker's Tamil Nadu plant is already in full production ahead of the launch. Ola Electric's R&D head Rajesh Mekkat said that the 4680 Bharat cell has a battery life of over 15 years, which is 5 times more than competitors and provides 80% charging…

19 Aug

GST cut: AC prices to downfall by Rs 2,500

Business CorrespondentBusiness, News

New Delhi: Appliance makers are expecting good sales in the festive season, thanks to the government's proposal to reduce the GST slab on air conditioners from the current 28 per cent to 18 per cent. This will lead to a reduction in prices by Rs 1,500 to Rs 2,500, depending on the model. Also, this reduction in prices after the recent income tax cut and repo rate revision by the government will not only help increase the reach of ACs but will also promote premium ACs, where people will buy energy-efficient models due to cost benefits. Also, this will help…

19 Aug

Samsung Galaxy Buds 3 FE Launched With New Design

Purbalee DuttaNews

Samsung has launched its budget-friendly Galaxy Buds 3 FE, offering enhanced sound quality, Galaxy AI features, and Active Noise Cancellation (ANC). The “FE” stands for Fan Edition, which aims to deliver premium features at a more accessible price. The design closely resembles the Buds 3 Pro, featuring a sleek blade stem and in-ear tips instead of the older wingtip design, making them slimmer and more stylish. The buds also support smart gestures and touch controls for an improved user experience. In terms of features, the Galaxy Buds 3 FE come with pinch and swipe controls to manage volume, media, and…

18 Aug

Guarseed futures prices increase on spot demand

Business CorrespondentBusiness, News

New Delhi: Guarseed prices rose by Rs 53 to Rs 5,195 per quintal in futures trade on Monday as speculators increased their bets amid a firm trend in the spot market. On the National Commodity and Derivatives Exchange (NCDEX), the price of guarseed contract for September delivery rose by Rs 53, or 1.02 per cent, to Rs 5,195 per quintal with a turnover of 56,850 lots. According to market sources, guarseed prices rose due to speculators increasing their bets, a firm trend in the spot market and lower supplies from producing regions.

16 Aug

Meta Faces Probe

Purbalee DuttaNews

U.S. Senator Josh Hawley announced an investigation on Friday into whether Meta's AI chatbots were involved in inappropriate and potentially harmful interactions with children. Hawley, who chairs the Senate Judiciary Committee’s Subcommittee on Crime and Counterterrorism, shared a letter addressed to Meta CEO Mark Zuckerberg, requesting all documents and communications related to reports of AI chatbots engaging in "romantic" or "sensual" conversations with minors. In response, a Meta spokesperson stated that the company enforces strict guidelines prohibiting any AI-generated content that sexualizes children or involves sexualized role-play between adults and minors. Hawley said the subcommittee would investigate whether Meta's generative…

14 Aug

Indian Oil Q1 results: Net profit more than doubles to ₹5,689 crore year-on-year; revenue rose 1%

Business CorrespondentBusiness, News

Indian Oil, the country's largest state-run oil refiner, on Thursday, August 14, reported a net profit of ₹5,689 crore for the current financial year (Q1FY26), up 115% from ₹2,643 crore in the same period last year. However, on a sequential basis, its net profit was down 22% from ₹7,265 crore in the previous quarter. Indian Oil's operating revenue during the first quarter rose 1% to ₹2.19 lakh crore from ₹2.16 lakh crore in the same quarter a year ago. The company reported strong operating performance as its EBITDA (earnings before interest, tax, depreciation and amortisation), also called operating profit, grew…

13 Aug

Jubilant FoodWorks Q1 profit upsurge 62.6%

Business CorrespondentBusiness, News

New Delhi: Jubilant FoodWorks Ltd (JFL), which runs fast-food chains such as Domino's Pizza and Dunkin Donuts, on Wednesday reported a 62.58 percent rise in consolidated net profit to Rs 94.33 crore during the June quarter. The company had reported a net profit of Rs 58.02 crore in the April-June quarter a year ago, JFL, a unit of Jubilant Indian group, said in a regulatory filing. Revenue from operations rose 16.95 percent to Rs 2,260.86 crore in the June quarter from Rs 1,933.06 crore a year ago. Its total expenses rose 15.3 per cent to Rs 2,153.74 crore in the…

12 Aug

Cottonseed oil futures prices downfall: lack of demand

Business CorrespondentBusiness, News

New Delhi: Cottonseed oil cake prices fell by Rs 29 to Rs 3,346 per quintal in futures trade on Monday as traders reduced their positions following a weak trend in the spot market. At the NCDEX, cottonseed oil cake contracts for September delivery fell by Rs 29, or 0.87 percent, to Rs 3,346 per quintal in a business turnover of 21,640 lots. Analysts said selling by traders at current levels amid sluggish market sentiment mainly led to the fall in cottonseed oil cake prices.

11 Aug

JM Financial Q1 profit raise 166% to Rs 454 crore

Business CorrespondentBusiness, News

New Delhi, JM Financial on Monday reported a 166 percent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26. The financial services company had earned Rs 171 crore in the same quarter a year ago. Total income during the June quarter of 2025-26 rose to Rs 1,121 crore from Rs 1,093 crore a year ago, JM Financial said in a regulatory filing. Total expenses declined to Rs 529 crore as compared to Rs 849 crore in the April-June quarter of FY25. Networth crossed Rs 10,000 crore during the quarter. Vishal Kampani, Vice Chairman and…