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Power Grid's Q1 profit falls on one-time rebate to discoms
Power Grid's Q1 profit falls on one-time rebate to discoms

New Delhi, Power Grid Corporation has reported an 18.15 per cent fall in its consolidated net profit for the April-June quarter at Rs 2,048.42 crore.

During the corresponding period last fiscal, the company had reported a net profit of Rs 2,502.80 crore.

The company has attributed the fall in profit

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'Customers looking for alternates amid rising petrol, diesel prices'
'Customers looking for alternates amid rising petrol, diesel prices'

New Delhi, As petrol and diesel prices remain around record levels, the Indian Auto LPG Coalition has said that consumers are now looking for economical alternative fuels that can save fuel costs without compromising on vehicle performance.

In a statement, the industry body said that as petrol and diesel hover aro

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Sequential uptick: India's June industrial production rises
Sequential uptick: India's June industrial production rises

New Delhi, India's factory output in June showed a healthy pickup from the May level, but remained deeply in the red on a yearly basis.

As per the Quick Estimates of Index of Industrial Production (IIP), industrial activity accelerated by 20.4 per cent from May's level. However, on a year-on-year basis, it

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US stocks fall as tech shares slide
US stocks fall as tech shares slide

New York, US stocks dropped, dragged by losses in big tech names.

On Tuesday, the Dow Jones Industrial Average fell 104.53 points, or 0.38 per cent, to close at 27,686.91. The S&P 500 was down 26.78 points, or 0.80 per cent, to 3,333.69. The Nasdaq Composite Index decreased 185.53 points, or 1.69 per cent, to

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Markets open in red
Markets open in red

Mumbai, The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

The Sensex of the BSE opened at 38,321.13 points which was also the high point. The Sensex touched a low of 38,125.81 points.

On Tuesday the Sensex closed at 38,407.01 points

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Tesla stock up 7% after car maker announces 5-1 share split
Tesla stock up 7% after car maker announces 5-1 share split

San Francisco, Elon Musk-run Tesla has announced a five-for-one split of its common stock that goes into effect on August 21.

The move that could help smaller investors afford Tesla stock resulted in Tesla stock surging 7 per cent in the extended session on Tuesday.

"The Board of Directors has

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IPL: Akashdeep, Sayan added to IPL list from Bengal
IPL: Akashdeep, Sayan added to IPL list from Bengal

Kolkata,  Amid the prevailing gloom of the Covid-19 pandemic, a sliver of light and positivity filled the Cricket Association of Bengal (CAB) with confirmation of Akashseep and Sayan Ghosh's participation in the 13th edition of the Indian Premier League (IPL).

Though not as first team players, Akashseep a

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COVID-19 hits 18 footballers of Brazilian Serie B side CSA
COVID-19 hits 18 footballers of Brazilian Serie B side CSA

Rio de Janeiro, A Brazilian second division football match has been postponed after 18 players from Central Sportivo Alagoano (CSA) tested positive for the novel coronavirus.

The Brazilian Football Confederation (CBF) agreed to move Chapecoense's home clash against CSA, scheduled for Wednesday after CSA said t

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Halep, Martic enter second round of Prague Open
Halep, Martic enter second round of Prague Open

Prague,  No.1 seed Simona Halep was made to toil hard in the opening round of the Prague Open as she eventually edged out Slovenia's Polona Hercog 6-1, 1-6, 7-6(3).

The Romanian needed seven match points in a match that lasted for two-and-a-half hours on Tuesday as both players fired 29 winners while Help

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Mbappe may return to pitch for PSG clash against Atalanta
Mbappe may return to pitch for PSG clash against Atalanta

Paris, Paris Saint-Germain's Champions League confidence has been boosted as coach Thomas Tuchel has confirmed the possibility for their ace striker Kylian Mbappe to play in their Champions League quarter-final clash against Atalanta on Wednesday.

"If Kylian Mbappe does a good training on Tuesday, that al

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