Mumbai, Feb 3 (PTI) Non-banking financial company Mahindra and Mahindra Finance is aiming to reduce its net non-performing assets (NPA) ratio to below 4 per cent by March-end. In the quarter ended December 31, 2021, the company's net NPA (stage 3 assets), stood at 5.63 per cent (as per IND-AS accounting norms). Under the Reserve [...]
New Delhi, Feb 3 (PTI) FMCG major Marico Ltd on Thursday announced plans to achieve net-zero emissions in its global operations by 2040. The company will introduce multiple sustainability initiatives across its global operations with a view of curbing greenhouse gas (GHG) emissions and promoting a carbon-neutral business agenda, Marico Ltd said in a statement. [...]
Torrent Power on Thursday posted nearly 15 per cent rise in its consolidated net profit at Rs 369.45 crore in the December quarter, mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 321.73 crore in the quarter ended December 31, 2020, a BSE filing stated. Total income [...]
JK Tyre & Industries on Thursday said its consolidated net profit declined 76.6 per cent to Rs 53.92 crore for the third quarter ended December 31, 2021. The company had reported a consolidated net profit of Rs 230.46 crore in the corresponding period last fiscal, according to BSE filing. However, its revenue from operations in [...]
Gear and gear products manufacturer Shanthi Gears Ltd on Thursday reported net profit for the quarter ending December 31, 2021 at Rs 13.77 crore. The Tamil Nadu-based company, a subsidiary of Tube Investments of India (TII) had registered net profit at Rs 7.70 crore during corresponding quarter previous year. For the nine month period ending [...]
Kolkata, Feb 3 (PTI) Jute balers have urged the government to reconsider an order asking them to reduce their stock limit to 750 quintals per godown, claiming it will not solve the crisis of the industry which is already under strain.In order to increase supply to mills, the Jute Commissioner recently allowed balers to stock [...]
New Delhi, Feb 3 (PTI) Automotive fintech startup Kuwy on Thursday said it has launched a platform for complete online car sales process by bringing together buyers, sellers and lenders.The Chennai-based company, which is a subsidiary of Volkswagen Finance, introduced - KUWYLaaS, an AI-driven platform with block chain technology to complete car sales online. In [...]
New Delhi, Feb 3 (PTI) Amid petrol and diesel prices remaining unchanged for three months now, Union minister Hardeep Singh Puri on Thursday told the Lok Sabha that the government does not tell oil marketing companies to raise or lower the prices. Responding to supplementaries during Question Hour, Puri also said prices have gone up [...]
New Delhi, Feb 3 (PTI) A parliamentary panel has asked the government to explore new and innovative tools to deal with the issue of financial constrains in the renewable energy sector, including setting up of green banks and introduction of renewable finance obligation for financial institutions, among others. "Since Green Banks have emerged as an [...]
Mumbai, Feb 3 (PTI) The rupee edged lower by 5 paise to log its third straight session of loss against the US dollar on Thursday as stronger greenback against key rivals and muted domestic equities weighed on forex market sentiment. At the interbank foreign exchange, the rupee opened at 74.84 against the American dollar, and [...]
