New Delhi, Feb 7 (PTI) The government on Monday said the country's dependence on imports to meet thermal coal demand has sharply reduced and stressed that in the next financial year, this demand will be met from Coal India, Singareni Collieries Company Ltd and captive mines. The power ministry has projected a requirement of 727 [...]
State-owned Union Bank of India on Monday posted a 49 per cent jump in net profit to Rs 1,085 crore in the third quarter ended December 31. The bank had earned a net profit of Rs 727 crore in the corresponding quarter of the previous financial year. Its total income during the October-December quarter of [...]
New Delhi, Feb 7 (PTI) The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications for the post of managing director (MD) of the newly set-up Rs 20,000-crore NaBFID, which is preparing to commence business in the April-June quarter. According to the public notice, eligible candidates should have a [...]
New Delhi, Feb 7 (PTI) JSW Group, one of the country's leading business houses, has joined over 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD). JSW will be represented in WBCSD by Seshagiri Rao, Joint Managing Director and Group CFO, who also sits on the board of [...]
New Delhi, Feb 7 (PTI) API Group backed diagnostics chain Thyrocare Technologies on Monday said it has appointed Rahul Guha as the company's Managing Director and Chief Executive Officer with effect from May 16, 2022. A graduate of IIM-B, Guha has spent almost 17 years at Boston Consulting Group (BCG), where he has led the [...]
Mumbai, Feb 7 (PTI) Dvara SmartGold on Monday announced a USD 2-million fundraise from seed fund Axilor and Dvara Holdings. The company's Interim Chief Executive Jaydeep Banerjee said it serves over 70,000 customers currently and the capital raised will be used to expand across India footprint for micro-savings and introducing other financial products centred on [...]
New Delhi, Feb 7 (PTI) Dr Reddy's Laboratories on Monday said the Drugs Controller General of India (DCGI) has granted approval to the single-shot Sputnik Light vaccine for restricted use in emergency situation in India. Sputnik Light is a one-dose vaccine and the same as the first component— recombinant human adenovirus serotype number 26 (rAd26) [...]
State-owned Punjab & Sind Bank (PSB) on Monday reported a net profit of Rs 301 crore for the quarter ended December 2021 on healthy growth in core income and fall in provisioning requirement. The lender had posted a net loss of Rs 2,376 crore in the same quarter a year ago. Sequentially, the net profit [...]
BENGALURU, India, Feb. 7, 2022 /PRNewswire/ -- Cashfree Payments, India's leading payments and API banking solutions company, announced that it recorded a 48% growth in net profit to Rs. 25.22 crore for the financial year ended in March 2021, posting profits in four consecutive fiscals. Cashfree Payments has successfully leveraged its intuitive and cutting edge [...]
New Delhi, Feb 7 (PTI) To further simplify and provide greater clarity, markets regulator Sebi has come out with a new format for disclosures in abridged prospectus, whereby critical information will be provided in the front page of the offer document. Under the rules, every application form for the purchase of any securities of a [...]
