The board of IT services major Infosys has approved the reappointment of Salil Parekh as Chief Executive Officer (CEO) and Managing Director of the company for five more years, till March 31, 2027, according to a regulatory filing. This is based on the recommendations of the Nomination and Remuneration Committee (NRC) and subject to the [...]
Public sector lender Punjab National Bank has said it earned over Rs 645 crore by levying ATM transaction charges on customers during the financial year 2021-22. Revenue earned by PNB from ATM transaction charges stood at Rs 645.67 crore in financial year 2021-22, the bank said in response to an application seeking information under the [...]
As the unrelenting heat wave sweeps across major parts of the country, demand for cooling products such as refrigerators, air conditioners, coolers and fans has shot up and sales have more than doubled this summer season, according to a report by Tata group consumer electronics goods retailer Croma. As per Croma's 'Unboxed Summer 2022' report, [...]
Under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices that has also pushed inflation to a multi-year high. The excise duty cut will translate into a reduction [...]
Digital financial services firm One97 Communications, which operates under Paytm brand, on Saturday said it has formed a joint venture general insurance company in which it has committed to invest Rs 950 crore over a period of 10 years. The proposal to set up joint venture firm Paytm General Insurance Limited (PGIL) was approved by [...]
Infrastructure investment trust IndiGrid has posted over 45 per cent rise in its consolidated net profit at Rs 99.80 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of India Grid Trust (IndiGrid) was Rs 68.69 crore in the quarter ended March 31, 2021, a regulatory filing showed. [...]
Indraprastha Gas Ltd, the nation's largest CNG retailer, will invest about Rs 8,000 crore in the next five years to expand the city gas network of CNG stations and pipelines, taking environment-friendly fuel to household kitchens and factories, the company's Managing Director Sanjay Kumar said on Friday. Indraprastha Gas Ltd (IGL) currently has major operations [...]
Amara Raja Batteries Ltd on Friday reported a decline of 47.80 per cent in consolidated net profit at Rs 98.85 crore in the fourth quarter ended March 2022. The company had posted a net profit of Rs 189.38 crore in the January-March period a year ago, Amara Raja Batteries Ltd said in a regulatory filing. [...]
Mortgage financier Indiabulls Housing Finance Company reported an 11.23 per cent rise in profit after tax (PAT) to Rs 307 crore for the fourth quarter ended March 2022 on lower credit cost and higher profit from its co-lending business. The company had posted a profit after tax of Rs 276 crore in the year-ago quarter. [...]
Nuvoco Vistas Corp Ltd on Friday reported a decline of 22.37 per cent in consolidated net profit at Rs 29.11 crore in the fourth quarter ended March. The company had posted a net profit of Rs 37.50 crore in the March quarter of previous year, Nuvoco Vistas Corp said in a regulatory filing. However, its [...]
