Retirement fund body EPFO is likely to approve this month a proposal to enhance its investments in equites to up to 20 per cent of the investible deposits from the current limit of 15 per cent. The proposal is expected to be considered and approved during the EPFO trustees' meeting scheduled to be held on [...]
Realty firm Prestige Estates on Monday reported over four-fold jump in its sales bookings at Rs 3,012 crore during the first quarter of this fiscal year on better demand and lower base effect. The sales bookings stood at Rs 733.9 crore in the year-ago period, which was badly hit by the second wave of the [...]
Yes Bank will invest up to Rs 350 crore for a potential 20 per cent stake in asset reconstruction company JC Flowers, which has emerged as the base bidder for the lender's bad loans worth Rs 48,000 crore. The private sector lender is planning to raise up to USD 1 billion in FY23 to bolster [...]
Luxury carmaker Porsche India on Monday reported an over two-fold jump in sales at 378 units in the first half of 2022. The company had posted sales of 173 units in January-June period last year. The arrival of Porsche's all-electric Taycan and a strong desire for SUVs carried the momentum through the first half of [...]
Edible oil firm Adani Wilmar, which sells its products under Fortune brand, on Monday announced reduction in cooking oil prices by up to Rs 30 per litre amid fall in global prices. The maximum reduction has been done in soyabean oil. The stocks with new prices will reach market soon. On February 7, Mother Dairy, [...]
Single packages of unbranded pre-packed and labelled food items like cereals, pulses and flour weighing in excess of 25 kg are exempt from 5 per cent GST levy. The Central Board of Indirect Taxes and Customs on Sunday late night issued FAQs clarifying various doubts and said only pre-packed items up to 25 kg will [...]
ICICI Prudential Life on Saturday reported Rs 156 crore net profit in the April-June quarter of this financial year amid a moderating trend in the pandemic-related claims and provisions. The company had reported a net loss of Rs 186 crore in the year-ago quarter. Assets under management grew 3.1 per cent to Rs 2,30,072 crore. [...]
HDFC Bank will be looking at the public listing of its brokerage and non-bank finance company subsidiaries only after its merger with parent HDFC Ltd goes through, a top official said on Saturday. Answering shareholder queries at the 28th annual general meeting of the largest private sector lender, its chief executive and managing director Sashidhar [...]
Bank of Baroda will raise Rs 1,000 crore debt capital by issuing long-term bonds to cater to the financing requirement in the infrastructure sector. The lender has received approval from its Investment Committee in a meeting held on Saturday. "The Investment Committee of the Bank of Baroda in its meeting held on July 16, 2022 [...]
Capital markets regulator Sebi on Saturday said it has lodged a complaint against a cyber security incident noticed on its e-mail system but maintained that no sensitive data was lost. Recently, a cyber security incident has been noticed on the e-mail system of the Securities and Exchange Board of India (Sebi) which was undergoing a [...]
