Mumbai, Feb 6 (PTI) India Infrastructure Finance Company Ltd (IIFCL) on Sunday said it has forayed into the long-term infrastructure bond market by subscribing to a non-convertible debt issued by Virescent Renewable Energy Trust (VRET), an infrastructure investment trust (InvIT). The total size of the issue was Rs 650 crore and IIFCL has invested Rs [...]
Mumbai, Feb 6 (PTI) State-owned Bank of Baroda (BoB) said it is on track to achieve a loan growth of 7-10 per cent in the current financial year and expects advances to grow 10-12 per cent in the financial year 2022-23, its Managing Director and CEO Sanjiv Chadha said. In the quarter ended December 2021, [...]
New Delhi, Feb 6 (PTI) A committee is being set up to suggest guidelines for sanction of R&D funds, to the tune of Rs 450-500 crore, which will be allocated from the portion of USOF annual collections following the recent Budget announcement, according to DoT Secretary K Rajaraman. The committee, which is being constituted, is expected [...]
New Delhi, Feb 6 (PTI) Godrej Properties expects record sales bookings during this quarter, beating the previous high of Rs 2,632 crore, driven by new launches of around 10 housing projects amid the strong revival of demand. In an interview with PTI, Godrej Properties Ltd (GPL) Executive Chairman Pirojsha Godrej said the residential market has [...]
New Delhi, Feb 6 (PTI) Bayer Cropscience Ltd has reported a net profit of Rs 84.8 crore in the third quarter ended December 2021, despite unseasonal rains, crop infestations and a challenging corn season. The company had posted a net loss of Rs 45.1 crore in the corresponding quarter last fiscal. Net revenues rose to [...]
New Delhi, Feb 6 (PTI) NHPC's 2,880-megawatt (MW) Dibang hydropower project in Arunachal Pradesh is expected to kick-off in the first quarter of 2022-23 "with in-hand forest and environment clearances", its Chairman and Managing Director Abhay Kumar Singh said. The company is waiting for the financial approval of the government which is expected soon, Singh [...]
New Delhi, Feb 6 (PTI) The country's largest carmaker Maruti Suzuki India is expecting production activity to improve in the current quarter with gradual improvement in the supply of critical electronic components, a senior company official has said. The auto major is also looking at ways, including bolstering its SUV portfolio, in order to get [...]
State-run Bank of Baroda's (BoB) standalone profit after tax (PAT) doubled to Rs 2,197 crore in the quarter ended in December aided by healthy growth in net interest income (NII) and on lower provisions. This compares with a standalone PAT of Rs 1,061 crore in the same quarter of the previous fiscal. “Profit has been [...]
New Delhi, Feb 5 (PTI) Ujjivan Small Finance Bank (SFB) trimmed its net losses significantly to Rs 34 crore in the quarter ended in December 2021 on the back of lower provisioning, increasing collection efficiency and highest-ever loan disbursals. The bank had posted a net loss of Rs 279 crore in the corresponding quarter a [...]
Mobile advertising firm Affle (India) Ltd on Saturday reported doubling of consolidated net profit to Rs 62.1 crore for the third quarter ended December 31, 2021. The company had logged a profit after tax (PAT) of Rs 30.6 crore in the same quarter a year ago. "This growth was broad-based coming from both CPCU (cost [...]
