Debt-laden Reliance Home Finance (RHFL) on Friday reported ballooning of its net loss to Rs 4,522.19 crore for the quarter ended March 2022. It had posted a net loss of Rs 444.62 crore in the same period a year ago. Total income during January-March quarter of 2021-22 fell to Rs 16.35 crore as against Rs [...]
New Delhi, May 6 (PTI) Minister of State for Electronics and IT, Entrepreneurship and Skill Development Rajeev Chandrasekhar on Friday inaugurated five centres of NIELIT in the North East region for skill enhancement of educated youth. These five centres of National Institute of Electronics and Information Technology (NIELIT) are located in Dibrugarh, Dimapur, Jorhat, Pasighat [...]
New Delhi, May 6 (PTI) Equitas Small Finance Bank and the parent Equitas Holdings Ltd on Friday said that the Reserve Bank of India has given its no-objection to their proposal of amalgamation, subject to conditions. "We would like to inform that RBI in its letter dated May 6, 2022 has conveyed its no-objection to [...]
Jaipur, May 6 (PTI) Union Minister of State for Agriculture Kailash Chaudhary on Friday said Prime Minister Narendra Modi-led government at the Centre has implemented all the recommendations of the Swaminathan Commission.The government intends that farmers should get financial support, the cost of cultivation should be reduced, farmers should get improved quality seeds and they [...]
New Delhi, May 6 (PTI) Business services provider Quess Corp Ltd, along with Fairfax Financial Holdings Ltd, will invest Rs 300 crore to set up a paediatric specialty centre at the Kannigapuram campus of Christian Medical College, Vellore in Tamil Nadu. Quess Corp and Fairfax Financial Holdings have signed an agreement to this effect with [...]
Pune, May 6 (PTI) Union minister Nitin Gadkari on Friday said that due to the "wrong economic policies, corrupt governance and visionless leadership" post-Independence, the country suffered greatly, but with Prime Minister Narendra Modi at the helm, people are now talking about "self-reliant, happy, prosperous and powerful" India.Speaking at the inaugural ceremony of the Jain [...]
New Delhi, May 6 (PTI) LIC's public offer, the country's biggest-ever IPO, witnessed full subscription of the retail portion on day three on Friday. The overall issue was subscribed 1.38 times, according to data posted on stock exchanges on 7 pm. Against 16,20,78,067 shares on offer, 22,36,98,915 bids were received. However, the Qualified Institutional Buyer [...]
Bhubaneswar, May 6 (PTI) The Odisha government on Friday approved six projects worth Rs 494 crore, which can create employment opportunities for over 1,300 people in the state, according to an official release.The government's primary focus has been on the labour-intensive sectors such as metal downstream, food processing and plastic industries, which employ a large [...]
Mumbai, May 6 (PTI) Aiming at bigger deals from clients looking for digital services, L&T Group on Friday announced a merger of L&T Infotech and Mindtree, which will create the country's sixth largest information technology company with combined revenue of USD 3.5 billion. The engineering, projects and construction major, which already owns a majority stake [...]
New Delhi, May 6 (PTI) FMCG firm Bajaj Consumer Care Ltd on Friday reported 34.47 per cent decline in its consolidated net profit to Rs 35.82 crore for the fourth quarter ended March 2022. The company had reported a net profit of Rs 54.67 crore in the January-March quarter a year ago, Bajaj Consumer Care, [...]
