Mumbai, Jan 21 (PTI) IDBI Bank on Friday reported a 53 per cent jump in standalone profit after tax (PAT) at Rs 578 crore for the quarter ended December, aided by healthy growth in net interest income. The Life Insurance Corporation (LIC)-owned lender had reported a standalone PAT of Rs 378 crore in the [...]
New Delhi, Jan 21 (PTI) The All India Management Association (AIMA) on Friday said it has introduced a six-month management course for promoters and managers of micro, small and medium enterprises (MSMEs). The special-purpose management skilling programme aims to align the knowledge and competence of MSME leaders with the new economy, AIMA said in a [...]
New Delhi, Oct 22 (PTI) Multiplex chain operator Inox Leisure Ltd on Friday reported narrowing of its consolidated net loss at Rs 1.32 crore for the third quarter ended December 2021 as the film exhibition business witnessed recovery from Covid restrictions during the period. The company had posted a net loss of Rs 102.50 crore [...]
Amaravati, Jan 21 (PTI) Andhra Pradesh government on Friday decided to enter into an agreement with Inter-Globe Aviation Limited (IndiGo) for resuming flight services from the Kadapa airport in the Chief Minister’s native district. The state Cabinet, which met here under the chairmanship of Chief Minister Y S Jagan Mohan Reddy, approved a proposal to [...]
Mumbai, Jan 21 (PTI) Private sector lender Bandhan Bank on Friday reported a 35 per cent year-on-year jump in December quarter net profit at Rs 859 crore, helped by a reduction in provisions it had to set aside due to non-payment by borrowers. The microlender-turned-bank had reported a loss of Rs 3,009 crore in the [...]
SHANGHAI, Jan. 21, 2022 /Xinhua-AsiaNet/-- Jiading District in east China's Shanghai issued policies for promoting automobile industry development featuring electrification, automation, network connection and sharing on Wednesday at a conference, and an action plan was also released for accelerating development of hydrogen fuel cell vehicles, according to Jiading District Economic Commission. Through efforts in upgrading [...]
Kolkata, Jan 21 (PTI) Birla Corporation Ltd, the flagship company of the MP Birla Group, on Friday inaugurated its 3.9-million tonne Mukutban integrated cement plant with an investment of Rs 2,744 crore in Maharashtra. The greenfield project of RCCPL Private Ltd, a wholly owned subsidiary of the cement maker, takes the group's total installed capacity [...]
Mukutban, Maharashtra, India – Business Wire India The Mukutban integrated cement plant is an important milestone in the annals of Birla Corporation Limited (MP Birla Group), said Shri Harsh V Lodha, Chairman, MP Birla Group, after the lighting up of the kiln at the plant today. Set up at an investment of Rs 2,744 crores [...]
New Delhi, Jan 21 (PTI) Competition Commission of India (CCI) has approved the proposed deal whereby Generali Participations Netherlands N.V. will hike its stake to 71 per cent in Future Generali India Life Insurance Company. Future Generali India Life Insurance is currently a joint venture between Future Group, Italy's Generali Group and Industrial Investment Trust [...]
Mumbai, Jan 21 (PTI) The Indian rupee advanced by 8 paise to close at 74.43 against the US dollar on Friday, helped by some correction in crude oil prices and weaker greenback against key rivals. However, the rupee's further recovery was restricted by continuous foreign fund outflows and sell-offs in domestic equities, analysts said. At [...]
