Finance minister Nirmala Sitharaman is expected to meet heads of public sector banks (PSBs) on Thursday and review the financial performance of as many as 12 lenders. This is going to be the first review meeting after the 2022-23 financial results. In the last fiscal, PSBs together posted a record profit of Rs 1.04 lakh [...]
Consumer demand in the domestic market remained 'steady' in the April-June quarter and the company expects 'robust performance with double-digit volume growth" in the organic business, Godrej Consumer Products Ltd said on Wednesday. The performance was broad-based with double-digit volume growth in home care and higher than mid-single-digit volume growth in personal care, the Godrej [...]
Private sector lender HDFC Bank on Wednesday said it has registered a 15.8 per cent rise in loans to Rs 16,15,500 crore in the first quarter of current fiscal year. The credit book was Rs 13,95,000 crore as of June 30 last year. Gross transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances [...]
Equity benchmark indices ended flat on Wednesday with Sensex sliding 33 points and Nifty gaining 9 points after an unabated record-breaking rally in the last few trading sessions. Weak global market trends and fall in HDFC twins also spoiled markets party. The 30-share BSE Sensex dipped 33.01 points or 0.05 per cent to settle at [...]
The IMF's executive board is set to meet on July 12 to review the USD 3 billion Standby Arrangement with cash-strapped Pakistan and will also possibly release the first tranche of USD 1.1 billion as part of the loan programme, a media report said on Wednesday. The Pakistan government and the International Monetary Fund (IMF) [...]
Construction and hospitality firm PKH Ventures has withdrawn its initial share sale amid disappointing participation from investors, particularly from institutional buyers, over a three-day period. The initial share sale of PKH Ventures was subscribed just 65 per cent on the last day of subscription on Tuesday. The Initial Public Offering (IPO) received bids for 1,67,25,800 [...]
State-owned REC Ltd on Tuesday said it will provide a loan of Rs 4,785 crore to HRRL's project in Rajasthan. HRRL is a joint venture between Hindustan Petroleum Corporation Ltd (HPCL) and Rajasthan government. HPCL holds 74 per cent equity stake in HRRL. "REC extends Rs 4,785 crore for HPCL Rajasthan Refinery's project in Barmer. [...]
Realty firm Macrotech Developers on Tuesday reported a 17 per cent growth in its sales bookings at Rs 3,350 crore in the first quarter of this fiscal year, mainly on better housing demand. Macrotech Developers, which sells properties under Lodha brand, had sold properties worth Rs 2,860 in the year-ago period. In a regulatory filing, [...]
Finance minister Nirmala Sitharaman on Tuesday met United Nations Deputy Secretary-General Amina J Mohammed and exchanged views on financing of Sustainable Development Goals (SDGs) and the ongoing G20 India Presidency. "FM Smt. @nsitharaman highlighted the four main agenda of the #G20 #FinanceTrack under #G20India Presidency, i.e., debt distress; #DigitalAssets/currency; strengthening #MDBs; and #DPI Digital Public [...]
Contract manufacturing services firm Syngene International has inked a pact to buy a manufacturing unit from Stelis Biopharma for Rs 702 crore. The company has entered into a binding term sheet with Stelis to acquire its Bengaluru-based Unit 3 biologics manufacturing unit, Syngene said in a late night statement on Tuesday. The facility, which was [...]
