Largest private sector lender HDFC Bank on Saturday reported a 20.91 per cent jump in its June quarter net profit at Rs 9,579.11 crore on the back of overall growth. On a standalone basis, its net profit increased to Rs 9,195.99 crore from Rs 7,729.64 crore in the year-ago period, but was down from Rs [...]
Torrent Power on Friday said it will seek shareholders' approval for raising up to Rs 2,000 crore through issuance of non-convertible debentures ( NCDs). The company is holding its annual general meeting on August 8. "The company seeks the Members’ approval for issuance of NCDs upto an aggregate amount of Rs 2,000 crore, within overall [...]
Local search platform Just Dial on Friday recorded widening of consolidated loss to Rs 48.36 crore in the first quarter ended June 30, 2022. The company had posted a loss of Rs 3.52 crore in the same period a year ago. "Net loss stood at Rs 48.3 crore. This was driven by other income which [...]
Sri Lanka, a popular destination for holidaymakers, should be teeming with tourists at this time of year. Instead, an unprecedented economic crisis and political turmoil have all but wreaked its tourism with about 40 per cent of the pre-bookings being cancelled recently. Tourism accounts for about 5 per cent of Sri Lanka's Gross Domestic Product [...]
The finance ministry on Friday released a paper suggesting changes in the monthly GST payment form and sought industry comments by September 15. The GST Council in its meeting last month recommended that the changes in GSTR-3B or monthly tax payment form be placed in public domain for seeking inputs and suggestions of the stakeholders. [...]
The corporate funding in the global solar sector has declined by 11 per cent year-on-year to USD 12 billion in January-June 2022, a Mercom Capital report released on Friday said. Corporate funding includes venture capital and private equity (VC), debt financing, and public market financing. "Total corporate funding (including venture capital funding, public market, and [...]
Yes Bank has selected JC Flowers ARC as partner to form an asset reconstruction company to sell bad loans of the bank valuing Rs 48,000 crore. The lender said it has signed a binding term sheet with JCF ARC LLC and JC Flowers Asset Reconstruction Pvt Ltd (JF Flowers ARC) for strategic partnership in relation [...]
Federal Bank on Friday posted about 64 per cent jump in net profit at Rs 600.66 crore for June quarter of financial year 2022-23. The private sector lender had logged a net profit of Rs 367.29 crore in year-ago period. In the previous March quarter, the bank's net profit was Rs 540.54 crore. Total income [...]
The Indian advertising market is forecast to grow by 16 per cent in 2022 to reach USD 11.1 billion (Rs 88,639 crore), becoming the fastest growing market globally, a report said on Thursday. This would lead to over 14.5 per cent growth by TV and 31.6 per cent on the digital side, said Dentsu Global [...]
Adani group Chairman Gautam Adani on Thursday said the group has won the tender for privatization of a port in Israel in partnership with Gadot. "Delighted to win the tender for privatisation of Port of Haifa in Israel with our partner Gadot. Immense strategic and historical significance for both nations,” Adani said in a tweet. [...]
