Coffee Day Enterprises (CDEL) reported a net profit of Rs 1,509 crore in the first quarter of this financial year as it booked a one-time gain of Rs 1,659 crore from the sale of Mindtree stake.

Net profit stood at Rs 17 crore in the first quarter of last financial year, while it was at Rs 26 crore in Q4 of FY19. Excluding the gain, CDEL, however, reported a loss of Rs 156.6 crore for the April-June period.

Facebook on Wednesday said it has nixed 5.4 billion fake accounts already this year, many within moments of being created at the leading social network.

We have improved our ability to detect and block attempts to create fake, abusive accounts, the internet firm said in its latest transparency report.

SpiceJet on Wednesday reported a loss of Rs 462 crore for the September quarter, its first quarterly loss during the current

financial year. This was on the back of higher costs during a seasonally weak quarter.

India’s palm oil imports probably declined from a one-year high in October as traders and refiners trimmed buying after higher global prices made overseas supplies more expensive.

Shipments dropped about 12 per cent from a month earlier to 775,000 tons, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts.

The Air Quality Index (AQI) in Delhi-NCR has once again entered into the severe category on Wednesday with PM level crossing the 500-mark at some places.

Major pollutants PM 2.5 at 500 & PM 10 were at 497, both in the severe category in Lodhi Road area, according to the Air Quality Index (AQI) data.

India’s headline inflation probably breached the central bank’s 4% medium-term threshold last month, but that surge -- driven by high onion prices -- is unlikely to distract monetary policy makers from their focus on growth.

Economists pegged the gains in consumer prices at 4.35% in October, according to the median of 33 economists surveyed by Bloomberg. That would be the first above-4% print since July 2018 and the highest since June last year.

The data king of the world and founder of IT giant, Dell Technologies, Michael Dell feels that the next decade would be driven and shaped by data, and India could be one of the significant players.

In an exclusive interview with IANS, here at the company's Global headquarters the American billionaire businessman and Chairman of Dell, one of the world's largest technology companies said that India figures as the topmost destination for his enterprise in the years to come.

The Supreme Court on Wednesday upheld the disqualification of 17 Congress-JD(S) MLAs in Karnataka on orders of the Speaker but allowed them to contest the December 5 bypolls.

The court struck down the portion of the Speaker's order by which the legislators were disqualified till the end of the 15th Karnataka Assembly.

Shares of MSTC continued their northward journey, rallying 18 per cent to Rs 181 on the BSE on Wednesday after the Chhattisgarh government appointed the company as its selling agent.

The stock of the state-owned e-commerce firm was trading at its highest level since listing on March 29, 2019. In the last 12 trading days, it has soared 91 per cent, as compared to a 3.3 per cent rise in the S&P BSE Sensex.

GAIL India posted a sluggish performance for the quarter ended September. Despite steady volume growth, operating performance was impacted by one-offs in the trading and gas transmission segments. This coupled with poor LPG & liquid hydrocarbon segment profitability resulted in a sub-par performance. Operating profits which were down 30.8 per cent sequentially slid by 47 per cent year-on-year.

The shut down at some fertiliser plants and delay in commissioning of few others led the company to sell some contracted volumes in the spot market impacting profitability in the gas marketing segment.

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