Shares of Manappuram Finance on Tuesday slumped nearly 11 per cent after the company reported a nearly 46 per cent decline in consolidated net profit at Rs 261 crore for the quarter ended December 2021. On BSE, the shares fell 10.77 per cent to close at Rs 127.6 apiece. During the day, it touched its [...]
New Delhi, Feb 15 (PTI) Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions at listed companies will not be mandatory and will be implemented on a voluntary basis. The listed entities were required to split the roles before April 2022. [...]
New Delhi, Feb 15 (PTI) The country's largest airline IndiGo has chosen NAVBLUE, an Airbus Services company, to upgrade navigation technology in some of its A320 planes and that will help pilots to navigate challenging airspaces with more precision and predictability. The leading carrier will upgrade a part of its A320 aircraft fleet with RNP [...]
New Delhi, Feb 15 (PTI) Any additional fund infusion by LIC in its associate, IDBI Bank, may have an adverse effect on the financial condition of the insurance behemoth, according to the recently filed draft prospectus. LIC had infused Rs 4,743 crore into IDBI Bank on October 23, 2019 using policyholders’ funds while the bank [...]
Despite retail inflation rising to 6.01 per cent in January, and likely to remain elevated till April, a foreign brokerage report expects RBI to leave key policy rates unchanged throughout the first half of 2022. Swiss brokerage UBS Securities India sees the policy to change only from the second half wherein the Monetary Policy Committee [...]
Mumbai, Feb 15 (PTI) India's IT sector is set to grow at 15.5 per cent – the fastest in over a decade – to USD 227 billion in FY22, as the pandemic pushes up demand for digitisation at companies across the world, industry grouping Nasscom said on Tuesday. The revenue growth is much higher than [...]
Mumbai, Feb 15 (PTI) Edtech PlanetSpark on Tuesday said the company is planning to recruit over 10,000 English teachers in 2022, to strengthen its market presence. The company already has over 2,100 teachers on the platform, PlanetSpark said in a statement. PlanetSpark had raised a Series-B round of USD 13.5 million led by Prime Venture [...]
Mumbai, Feb 15 (PTI) The USD 227-billion domestic information technology industry on Tuesday sought uninterrupted power supply and broadband connectivity from the government to expand into smaller cities of the country. Along with the infrastructure support, the presence of people with sufficient skill sets, a world-class place of work learning for the kids, and sufficient [...]
