Category: Business

Maruti Suzuki reports Q1 net profit at Rs 475 crore thumbnail

Maruti Suzuki reports Q1 net profit at Rs 475 crore

Vipul Haria /July 28, 2021

Maruti Suzuki India The auto major had posted a net loss of Rs 268 crore in the April-June quarter of 2020-21, MSI said in a regulatory filing. New Delhi: The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30.…

Sensex drops 135 points; Nifty ends near 15,700 thumbnail

Sensex drops 135 points; Nifty ends near 15,700

Vipul Haria /July 28, 2021

Mumbai: Equity benchmark Sensex dropped 135 points on Wednesday, weighed by losses in index majors HDFC Bank, Reliance Industries and Kotak Bank. The 30-share BSE index ended 135.05 points or 0.26 per cent lower at 52,443.71, while the broader NSE Nifty slipped 37.05 points or 0.24 per cent to 15,709.40. Kotak Bank was the top…

NPS Subscribers alert! Know how PFRDA's Penny drop facility will ensure timely credit of fund withdrawal thumbnail

NPS Subscribers alert! Know how PFRDA’s Penny drop facility will ensure timely credit of fund withdrawal

Vipul Haria /July 28, 2021

New Delhi: Pension Fund Regulatory and Development Authority (PFRDA) has recently introduced a “Penny drop” facility for the National Pension System (NPS) in order to ensure that the withdrawal amount is remitted within in the specified timelines in the subscriber’s account. During the exit owing to reasons like superannuation, premature or due to death or…