Co-working spaces in India are set to expand capacity in the next 12-24 months due to a surge in demand from startups, global capability centres (GCCs), and IT/ITeS companies, driven by the need for flexibility and cost optimization. According to a recent report by private equity advisory firm Avendus, India’s flexible workspace market… Continue reading Co-working spaces set to expand capacity in 12-24 months as demand rises | Company News
Tag: rises
Crude oil rises as heightened geopolitical risks exacerbate supply concerns | Economy & Policy News
Oil prices rose in Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking US rig count added to upward price pressure. Brent crude futures climbed 39 cents, or 0.5 per cent, to $85.82 a barrel… Continue reading Crude oil rises as heightened geopolitical risks exacerbate supply concerns | Economy & Policy News
PE inflow in real estate rises 51 pc in Jan-Jun to Rs 24,680 cr: Cushman & Wakefield
The private equity (PE) investment during April-June stood at Rs 15,850 crore (USD 1.92 billion), which was 63 per cent higher than the previous quarter and 60 per cent higher than the same period last year. Private equity investment in real estate rose 51 per cent year-on-year to Rs 24,680 crore in the first… Continue reading PE inflow in real estate rises 51 pc in Jan-Jun to Rs 24,680 cr: Cushman & Wakefield
Punjab's GST collection rises 16.5%, excise revenue up 21% in FY24
Punjab finance minister Harpal Singh Cheema on Monday said the state has registered an increase of 16.5 per cent and 20.87 per cent in revenue from Goods and Services Tax (GST) and excise, respectively during the first four months of the financial year 2023-24. The state’s GST collection stood at Rs 6,810.76 crore, and the… Continue reading Punjab's GST collection rises 16.5%, excise revenue up 21% in FY24
India’s need for high-performance computing rises as AI use expands
The earth science ministry in June awarded a $100 million contract to Eviden, a division of Paris-based Atos, to build two supercomputers for weather modelling and climate research by the Indian Institute for Tropical Meteorology (IITM) and the National Centre for Medium-Range Weather Forecasting (NCMRWF). The supercomputers will have a combined power capacity… Continue reading India’s need for high-performance computing rises as AI use expands
Affle India’s profit after tax rises over 21% to Rs 66.2 cr in April-June
Global technology company Affle (India) Limited on Saturday reported a 21.4 per cent rise in its profit after tax at Rs 66.4 crore in the April-June quarter of this fiscal. The company promoted by Singapore-based Affle Holdings had registered a profit after tax (PAT) of Rs 54.5 crore in the first quarter of… Continue reading Affle India’s profit after tax rises over 21% to Rs 66.2 cr in April-June
Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income
Public sector lender Bank of Baroda’s net profit rose by 87.7 per cent on a year-on-year (YoY) basis at Rs 4,070 crore in quarter ended June 2023 (Q1FY24) on robust growth in net interest income as well as non-interest income. Sequentially, the public sector lender’s profit went down from Rs 4,775 crore in… Continue reading Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income
JK Tyre & Industries Q1 profit rises over 4-fold to Rs 159 cr
Revenue from operations was at Rs 3,718.08 crore as compared to Rs 3,643.03 crore in the year-ago quarter, it added. JK Tyre & Industries on Friday reported an over four-fold rise in consolidated net profit at Rs 158.59 crore for the first quarter ended June 30, 2023. The company had posted a consolidated… Continue reading JK Tyre & Industries Q1 profit rises over 4-fold to Rs 159 cr
Net profit up 178% to Rs 16,884 cr, NII rises 25%
Gross non-performing asset ratio of 2.76 per cent was down by 115 bps YoY. Net NPA ratio, at 0.71 per cent, was down 29 bps YoY. State Bank of India (SBI) on Friday reported a 178. 25 per cent rise in net profit to Rs 16,884 crore for the quarter-ended June 30, 2023 on… Continue reading Net profit up 178% to Rs 16,884 cr, NII rises 25%
Radico Khaitan’s profit rises by 10% to Rs 68 crore in Apr-June quarter
Liquor maker Radico Khaitan on Thursday reported a 10.11 per cent increase in its consolidated net profit to Rs 68.26 crore for the June quarter, aided by premiumisation and easing raw material prices. The company had posted a consolidated net profit of Rs 61.99 crore in the April-June period a year ago, Radico… Continue reading Radico Khaitan’s profit rises by 10% to Rs 68 crore in Apr-June quarter