AU Small Finance Bank (SFB) on Tuesday said its net profit soared 105 per cent to Rs 346 crore in the quarter ended March 2022, supported by lower provisioning for bad loans and improvement in business scenario. The Jaipur-based company had posted a net profit of Rs 169 crore in the same quarter of the [...]
Thiruvananthapuram, Apr 26 (PTI) Kerala Finance Minister K N Balagopal on Tuesday said startups have a major role in strengthening the state's economy as leveraging their innovative ideas can lead to remarkable growth in various sectors. The minister was speaking during the inauguration of the country's largest Business to Government (B2G) summit, organised by Kerala [...]
Chennai, Apr 26 (PTI): Information technology, consumer electronics and peripherals brand Zebronics on Tuesday said it has roped in Bollywood actress Janhvi Kapoor as its brand ambassador for its smartwatches and audio products campaign marking its 25th anniversary celebrations. Zebronics said the actress was signed for her charismatic personality, style and liveliness that she carries [...]
New Delhi, Apr 26 (PTI) Shareholders of Tata Sons, the holding company and promoter of Tata group companies, have approved the reappointment of N Chandrasekaran as chairman for another five-year term despite its single largest shareholder the Shapoorji Pallonji family abstaining from voting, according to sources. In February this year, the Board of Tata Sons [...]
Jodhpur, Rajasthan, India (NewsVoir) MCats, India’s fastest growing startup accelerator, announces its next D2C batch of selected startups for its accelerator cohort program, ‘Thrive’. The accelerator believes that with over 760+ million online users in the country, there has never been a better time to power India’s D2C economy. The D2C startups that are onboarding [...]
New Delhi, Apr 26 (PTI) IT company Wipro Limited will acquire 100 per cent stake in Rizing Intermediate Holdings for about USD 540 million (around Rs 4,135 crore) in an all-cash deal to scale up its SAP consulting capabilities, the company said on Tuesday. US-based Rizing is the latest in a series of acquisitions by [...]
New Delhi, Apr 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd has signed a formal shareholder agreement for the USD 2 billion TA'ZIZ chemical joint venture in the UAE and inked a pact to collaborate with ADNOC in finding and producing conventional and unconventional resources. "Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA'ZIZ) and Reliance [...]
The merger of Jindal Stainless Ltd (JSL) and Jindal Stainless (Hisar) Ltd (JSHL) into a single entity has been approved by the shareholders and creditors of the two firms. As per the regulatory requirements, the two companies convened meetings of their respective shareholders and creditors for approving the Scheme of Arrangement between the two firms, [...]
New Delhi, Apr 26 (PTI) The central government has fixed the price cap of Rs 6,500 per quintal on raw jute on the basis of scientific methodology which is in line with the market trend prevailing at that point of time and not arbitrarily, official sources said on Tuesday. The upper cap of Rs 6,500 [...]
New Delhi, Apr 26 (PTI) A section of exhibitors protesting against poor amenities at the renovated Pragati Maidan in the national capital stalled the inaugural ceremony of AAHAR food and hospitality fair on Tuesday, forcing Union minister Piyush Goyal to cut short his speech midway. The Commerce and Industry Minister was the chief guest at [...]
