Mumbai, May 4 (PTI) The surprise rate hike by RBI accompanied with tightening of the cash reserve ratio illustrates the flexibility with which the central bank operates, and the move will support the markets, SBI chairman Dinesh Khara said on Wednesday. Khara, who heads the country's largest lender which controls over a fifth of the overall [...]
Future Retail Managing Director Rakesh Biyani has stepped down while officials, including the company secretary of the debt-ridden firm, have tendered resignations. The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal. There is an exodus of people from the board and at other levels in [...]
New Delhi, May 4 (PTI) Tata Consumer Products Ltd (TCPL) on Wednesday reported an over three-fold jump in consolidated net profit at Rs 239.05 crore for the fourth quarter ended March 2022, helped by growth in underlying profitability and lower exceptional costs. The company had posted a net profit of Rs 74.35 crore in the [...]
New Delhi, May 4 (PTI) The Supreme Court has approved the formation of the Supreme Court Committee headed by Justice (retd) Pradeep Nandrajog for recovery of monies from the defaulters against whom National Spot Exchange Ltd has secured money decrees, a press release from NSEL said.It added that the top court while exercising its plenary [...]
New Delhi, May 4 (PTI) Consumer electrical goods maker Havells India Ltd on Wednesday reported a 16.01 per cent increase in its consolidated net profit to Rs 352.48 crore for the fourth quarter ended in March 2022. The company had posted a consolidated net profit of Rs 303.83 crore in the January-March quarter a year ago, Havells [...]
Global engineering and product development digital services firm Tata Technologies along with global industry partners and Lamrin Tech Skills University will set up a common facility in the electric vehicle domain, said a government statement on Wednesday. It will cater to developing skills needed in the field of electric vehicle segment. A delegation of Tata [...]
New Delhi, May 4 (PTI) Internet major Google has appointed former joint secretary at Niti Aayog Archana Gulati as head of public policy in India. A Google spokesperson confirmed the appointment. Messages sent to Gulati elicited no immediate reply. Gulati was looking after digital communications policy matters at the government think tank and took voluntary [...]
Mumbai, May 4 (PTI) Private sector lender Kotak Mahindra Bank on Wednesday reported a 65 per cent jump in its standalone profit after tax at Rs 2,767 crore in the quarter ended March 2022, helped by higher growth in net interest income and healthy asset quality. The lender had reported a standalone PAT (Profit After [...]
New Delhi, May 4 (PTI) Equitas Small Finance Bank (ESAF) on Wednesday reported almost flat growth in its net profit at Rs 120 crore for the quarter ended March 2022. It had posted a net profit of Rs 113 crore in the same quarter a year ago. Total income in Q4 FY22 rose to Rs [...]
New Delhi, May 4 (PTI) Chemicals and Fertilisers Minister Mansukh Mandaviya on Wednesday asked the plastic industry to prepare a growth strategy for the next 25 years and assured government's full support. The minister was addressing a function organised by Plastindia Foundation. The foundation announced that 'PLASTINDIA 2023', the 11th edition of international plastics exhibition, [...]
