by PTI News | Apr 29, 2022 | 8:00 pm | Corporate Action, News
New Delhi, Apr 29 (PTI) Ambuja Cements Ltd, part of Swiss building material major Holcim group, plans to increase cement capacities and move closer to its target of 50 million tonnes per annum in the near future. "Ambuja has ambitious growth plans to increase cement capacities. The company is well-positioned to meet the expanding demand, [...]
by PTI News | Apr 29, 2022 | 6:16 pm | Company Results, Corporate Action, News
New Delhi, Apr 29 (PTI) IndusInd Bank on Friday reported a 51 per cent increase in consolidated net profit at Rs 1,400.64 crore in the three months ended March. The private sector lender had posted a net profit of Rs 926.22 crore in the same quarter of the previous fiscal year. In the fourth quarter [...]
by PTI News | Apr 29, 2022 | 5:59 pm | Corporate Action, News
New Delhi, Apr 29 (PTI) Yakult Danone India on Friday said it has appointed Hiroshi Hamada as its Managing Director. The appointment is effective from April 4. Hamada took charge from Minoru Shimada, who had led the company for over 10 years, Yakult Danone India, which sell probiotic drink Yakult, said in a statement. Hamada [...]
by PTI News | Apr 29, 2022 | 5:41 pm | Corporate Action, News
New Delhi, Apr 29 (PTI) Insurance technology platform Turtlemint on Friday said it raised USD 120 million in the latest funding round led by Amansa Capital, Jungle Ventures and Nexus Venture Partners. The fundraise also saw participation from new investors, Vitruvian Partners and Marshall Wace, along with existing investors. With this, the total funding raised [...]
by PTI News | Apr 29, 2022 | 5:25 pm | Corporate Action, News
New Delhi, Apr 29 (PTI) IDBI Bank's privatisation process is on and the quantum of stake sale will be decided after the roadshow is complete, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Friday.The preparation for privatisation of IDBI Bank is going on, he said during a media interaction [...]
by PTI News | Apr 29, 2022 | 4:56 pm | Corporate Action, News
Mumbai, Apr 29 (PTI) A special court in Mumbai on Friday remanded city-based realtor Sanjay Chhabriaa in CBI custody till May 6 in connection with a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan Housing Finance Corporation Ltd (DHFL). Chhabriaa of Radius Developers was arrested by the Central Bureau of Investigation [...]
by PTI News | Apr 29, 2022 | 3:42 pm | Corporate Action, News
New Delhi, Apr 29 (PTI) IDBI Bank on Friday said its board has approved the appointment of two government nominee directors with effect from April 28. The government nominee directors are Manoj Sahay, Joint Secretary and Financial Advisor, and Sushil Kumar Singh, Director, Department of Financial Services, Ministry of Finance, according to a regulatory filing. [...]
by PTI News | Apr 29, 2022 | 2:51 pm | Corporate Action, News
Mumbai, Apr 29 (PTI) Internet service provider (ISP) Excitel is planning to invest USD 5 million (about Rs 38 crore) in the current year for expansion of its services in the financial capital Mumbai, a top company official said. The company offering broadband services has entered Mumbai, taking its overall network to 29 cities and [...]
by PTI News | Apr 29, 2022 | 2:47 pm | Corporate Action, News
Mumbai, Apr 29 (PTI) JM Financial has elevated Sonia Dasgupta as the chief executive of its investment banking vertical.Dasgupta has been associated with the company since 1995 in different capacities and succeeds Adi Patel and Atul Mehra, who were co-heads. She has over 25 years of experience in the investment banking space.Vishal Kampani, non-executive vice-chairman [...]
by PTI News | Apr 29, 2022 | 1:14 pm | Corporate Action, News
New Delhi, Apr 29 (PTI) Electric two-wheeler maker Hero Electric on Friday said it had zero dispatches to dealers in April, hit by the ongoing global semiconductor shortage that led to stoppage of production. The company experienced extreme chip shortage and supply chain constraints, Hero Electric said in a statement. The automotive industry is still [...]
