NEW DELHI: The Supreme Court on Thursday upheld the constitutional validity of various provisions of Insolvency and Bankruptcy Code (IBC), including Section 95, which allows creditors to initiate insolvency proceedings against personal guarantors.A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Mishra rejected a plea against the provisions of…
BENGALURU – Page Industries, which licenses products of innerwear and loungewear brand Jockey International in India, reported a 7.3% fall in second-quarter profit on Thursday as inflation-hit consumers continued to cut back on spending. The Bengaluru-based company, which also operates in countries such as Sri Lanka and the United Arab Emirates, said its profit fell…
NEW DELHI: In the 5th 2+2 ministerial meeting on Friday, India and the US will look to build upon the gains from Prime Minister Narendra Modi’s landmark state visit earlier this year, with a focus on defence technology transfer and coproduction, strategic technology collaborations, nuclear cooperation, and people-to-people ties. China and the Indo-Pacific, including Quad…
Bata India reported a 38% fall in second-quarter profit on Wednesday, hurt by a one-time charge and as inflationary pressures kept footfalls at its shoe outlets in check. The footwear maker said its consolidated profit fell to 339.9 million rupees ($4.1 million) in the July-September quarter, from 548.2 million rupees in the year-ago quarter. The…
PRAYAGRAJ: The faculty of Commerce of Allahabad University (AU) has started a five-year integrated BBA-MBA course from this academic session in which students can learn management mantras of Lord Krishna through Bhagavad Gita, Ramayana and Upanishads as well as those of Chanakya. Also, for the first time, students will study the smart managerial decisions of…
BENGALURU: Isro on Tuesday said that the High-Energy L1 Orbiting X-ray Spectrometer (HEL1OS) instrument on India’s first solar space observatory, Aditya-L1, has “recorded the impulsive phase of solar flares”.HEL1OS — developed by the space astronomy group of Isro’s UR Rao Satellite Centre (URSC) in Bengaluru — carried out the observation during its first observation period…
India’s Arvind Fashions reported a 18.9% rise in the second-quarter profit on Tuesday, aided by healthy sales of clothing and footwear and as power brands helped it maintain wider margins. The Bengaluru-based company’s consolidated net profit rose to 216.6 million rupees ($2.60 million) for the quarter ended Sept. 30 from 182.2 million rupees a year…
Trent’s chairman Noel Tata New Delhi: Trent Limited, a part of the Tata Group, on Tuesday has reported a surge of 188.9 per cent in consolidated net profit at Rs 228.06 crore in the second quarter (Q2) ended September 30, 2023 against the net profit of Rs 78.94 crore in the previous fiscal’s same quarter,…
NEW DELHI: The Lok Sabha ethics committee meeting to adopt its draft report on the cash-for-query allegations against TMC MP Mahua Moitra has been postponed to November 9. It was scheduled to meet on November 7.The Lok Sabha secretariat, in a notice, did not cite any reason for rescheduling the meeting. The committee, headed by…
NEW DELHI: It was Bangladesh skipper Shakib Al Hasan‘s appeal that led to Sri Lanka’s Angelo Mathews becoming the first player to be ‘timed out’ in an international match.Shakib’s on-field act ignited a debate about the spirit of cricket before he delivered a rapid 82 in Bangladesh’s three-wicket victory against Sri Lanka, who were eliminated…
