New Delhi, Apr 10 (PTI) Bengaluru-based realty firm Sobha Ltd's sales bookings rose by 23 per cent to its all-time high of Rs 3,870.2 crore during the 2021-22 financial year on higher volumes driven mainly by low-interest rates on home loans. According to a quarterly operational update, the company's sales bookings in volume terms increased [...]
Putting behind the controversy around its co-founder Ashneer Grover, fintech startup BharatPe has posted record growth in the fiscal year ended March 31 and is on track to break even and list on stock exchanges in the next 18-24 months, its CEO Suhail Sameer said. In an interview with PTI, he said while the board [...]
New Delhi, Apr 10 (PTI) German luxury automotive group BMW is expecting a 'mega year' in India in 2022 having clocked 25 per cent rise in four-wheeler sales and 41 per cent jump in two-wheelers in the first quarter despite challenges of semiconductor shortage, war in Ukraine and shutdowns due to COVID-19 in China, according [...]
Thane, Apr 9 (PTI) Cooperative bank TJSB Sahakari Bank on Saturday said its net profit declined to Rs 155 crore in FY2022 from Rs 163 crore in the previous year. The total business of the bank crossed the figure of Rs 20,000 crore, registering a growth of 13.46 per cent, TJSB Sahakari Bank Chairman Vivekanand [...]
Mumbai, Apr 8 (PTI) Equity benchmarks posted smart gains on Friday after three days of losses as the RBI kept the policy rate unchanged at a record low and maintained its accommodative stance but flagged inflationary pressures amid the Russia-Ukraine war. The BSE Sensex climbed 412.23 points or 0.70 per cent to settle at 59,447.18. [...]
New Delhi, Apr 8 (PTI) Mercedes-Benz India on Friday reported a 26 per cent jump in sales at 4,022 units in the first quarter of 2022, riding on robust demand for both its SUVs and sedans despite the challenges of semiconductor shortage, global supply chain disruptions, and rising input and logistics costs. The company had [...]
New Delhi, Apr 8 (PTI) JSW Steel on Friday posted a combined crude steel production of 5.98 million tonne (MT) for the quarter ended March 31, 2022. At 5.98 MT, the production was 37 per cent higher compared to 4.36 MT steel the company had produced in the year-ago period, JSW Steel said in a [...]
Thiruvananthapuram, Apr 7 (PTI) Bucking the grim pandemic-induced crisis in the last two years, Kerala's cooperative dairy major Milma recorded a 25 per cent increase in its turnover in 2021-22. Significantly, the higher turnover has been achieved by Milma in the last two financial years without cutting down the procurement price of milk from farmers [...]
Guwahati, Apr 7 (PTI) HDFC Bank on Thursday said its total advances in Assam grew by over 12 per cent in the last year and crossed the Rs 7,000-crore mark.As of December 31, 2021, the lender's total advances, including all loans to various customers in retail, corporate, MSME and microfinance sectors, in the northeastern state [...]
Kolkata, Apr 7 (PTI) Diversified PSU Balmer Lawrie & Co is targeting a revenue of Rs 6,000 crore by 2025-26, Chairman and Managing Director Adika Ratna Sekhar said.The company hopes to touch a sales figure of Rs 2,000 crore in 2020-21 as against Rs 1,592 crore in the previous fiscal, he said."We are expecting to [...]
