by PTI News | Apr 1, 2022 | 5:32 pm | Corporate Action, News
18 teams with two men golfers and one woman golfer each to tee-off for the title New Delhi, Delhi, India – Business Wire India In continuation with their promise of many firsts in the Indian Golf Circuit, Ballantine’s, from the house of Pernod Ricard, is ready to host India’s first Golf Mixed Pro Challenge. The [...]
by PTI News | Apr 1, 2022 | 5:32 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Axis Bank's planned acquisition of Citigroup's consumer banking portfolio will strengthen its retail market position as well as diversify the revenue profile, global rating agency S&P said on Friday. "We expect significant profitability improvements to only accrue from fiscal 2025 onwards as it will take time to complete the acquisition [...]
by PTI News | Apr 1, 2022 | 5:29 pm | Corporate Action, News
Kolkata, Apr 1 (PTI) Direct selling companies are betting big on the eastern part of the country to expand their businesses as West Bengal, Bihar and Odisha are among the top five states in terms of the performance of the sector that witnessed over 7 per cent growth in the country in the COVID-hit 2020-21 [...]
by PTI News | Apr 1, 2022 | 5:27 pm | Corporate Action, News
Mumbai, Apr 1 (PTI) House economists at the State Bank of India (SBI) have called for a slew of reforms to incentivise regional rural banks, including granting them on-tap licence for conversion into Small Finance Banks (SFBs). In September 2018, the Reserve Bank of India (RBI) allowed urban cooperatives and microfinance lenders to convert themselves [...]
by PTI News | Apr 1, 2022 | 5:10 pm | Corporate Action, News
Bhubaneswar, Apr 1 (PTI) After bagging Utkal B1 and B2 coal block in the Angul-Talcher belt in the state, Jindal Steel & Power Limited (JSPL) on Friday said it would develop its Odisha plant into the largest and greenest facility in the world. This was stated by the company’s chairman Naveen Jindal. He said JSPL [...]
by PTI News | Apr 1, 2022 | 5:05 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Honda Cars India on Friday said Takuya Tsumura has taken charge as President and CEO of the company. As part of the organisational changes, the company has also elevated Kunal Behl as Vice President, Marketing and Sales from his erstwhile position of Operating Head – Sales and Network Development. In [...]
by PTI News | Apr 1, 2022 | 4:59 pm | Corporate Action, News
Kolkata, Apr 1 (PTI) Coal India on Friday said it registered production of 622.6 million tonne in 2021-22, a 4.4 per cent jump over that in FY21, bucking two years of declining streak.The mining major informed the bourses that its total off-take in 2021-22 was nearly 661.9 million tonne, a sharp 15.3 per cent jump [...]
by PTI News | Apr 1, 2022 | 4:50 pm | Corporate Action, News
Kolkata, Apr 1 (PTI) Gross loan portfolio of the microfinance institutions stood at Rs 2,56,058 crore as of December 2021, according to an industry body report.As many as 13 banks hold the largest share of the portfolio with an outstanding at Rs 1,03,569 crore, which is 40.4 per cent of the disbursal by the MFIs, [...]
by PTI News | Apr 1, 2022 | 4:22 pm | Corporate Action, News
Mumbai, Apr 1 (PTI) Belstar Microfinance Limited (BML), a subsidiary of Muthoot Finance Ltd, on Friday said it has raised equity capital of Rs 275 crore from a new investor Affirma Capital and others. Existing investors Muthoot Finance and Maj Invest also participated in the latest funding round. The funding will help the microfinance player [...]
by PTI News | Apr 1, 2022 | 3:40 pm | Corporate Action, News
New Delhi, Apr 1 (PTI) Asian Paints Ltd on Friday said it will acquire stake in two companies -- White Teak and Weatherseal Fenestration -- in a move to strengthen its presence in the fast-growing home improvement and décor segment. Asian paints will acquire 100 per cent of Obgenix Software, popularly known by the brand [...]
