The handsome credit growth witnessed at present will taper down next year if deposit growth continues to lag behind, Axis Bank chief executive and managing director Amitabh Chaudhry said on Friday. Chaudhry also advised some caution to be exercised by the system as it witnesses a high growth at present, saying decisions made today should [...]
HCL Technologies has been selected by State Farm, a provider of auto, home, and commercial insurance, to modernise its IT service desk and infrastructure operations, according to a statement. Some State Farm employees supporting this work will transfer to HCL Tech to continue their key role in delivering technology services to State Farm, it said. [...]
Union Minister Hardeep Singh Puri on Friday asked automobile manufacturers to move from the prototype stage and start introducing green vehicles in the market, saying the time has come for biofuels and other clean energy technologies. In his address at a symposium here at the Auto Expo 2023, the Minister of Petroleum and Natural Gas [...]
During the October to December quarter of 2022, Rekha Jhunjhunwala increased her stake in a Tata Group stock that gave multibagger returns to its shareholders. According to the latest shareholding data available on the exchanges, Tata Communications’ shareholding pattern shows that Rekha Jhunjhunwala has increased her stake from 1.6% to 1.79%. In the September quarter, [...]
A 12-kilometer long tunnel connected to the Tapovan Vishnugad hydroelectric project is 1 kilometers away from Joshimath town and at least a kilometer below the ground, state-owned NTPC has told the power ministry explaining its project has no role in the subsidence of the region. An apparent sinking of land is being blamed for cracks [...]
BCL Industries on Friday said its board has approved a proposal to raise Rs 201 crore through issuance of warrants on a preferential basis. BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated distillery ethanol plant. The board has approved issuance of 55,83,334 fully [...]
The shares of L&T Technology Services Ltd (LTTS) plunged 6.55% on Friday’s early trades to reach an intraday low of ₹ 3404.20 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 3412.65 apiece at 12:05 PM on Monday. This happened after the company announced that it plans to acquire the Smart [...]
The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe. The Central Bureau of Investigation (CBI), on the other hand, claimed that he was trying to avoid probe. Dhoot, [...]
Strong connectivity is essential for building a developed India, Prime Minister Narendra Modi said on Friday while flagging off the world's longest river cruise 'MV Ganga Vilas' which will travel 3,200 km in 51 days to reach Dibrugarh via Bangladesh, sailing across 27 river systems. Modi via video conferencing also inaugurated a Tent City at [...]
Two Reliance group firms - Reliance Consumer Products Ltd (RCPL) and Reliance Retail Ventures Ltd (RRVL), have announced an open offer to acquire a 26 per cent additional stake in Lotus Chocolate Company. Lotus Chocolate’s shares were locked in at 5% upper circuit at ₹ 199.95 apiece. In fact, it has been on an up [...]
