State-owned Bank of Maharashtra on Monday said it has raised the marginal cost of funding based lending rate (MCLR) across tenors by 0.15 per cent. Meanwhile, Karur Vysya Bank also announced that it has revised the external benchmark rate to 7.45 per cent from 7.15 per cent. This is to inform that the bank has [...]
Etsy, which positions itself as global marketplace for 'unique and creative' goods, has partnered with the North Eastern Handicrafts and Handloom Development Corporation (NEHHDC) to support small sellers, weavers and artisans, with market access and enablement support. Under the memorandum of understanding (MoU), Etsy will work with the NEHHDC to develop enablement programmes specifically tailored [...]
Online travel services provider Yatra on Monday said it has reached 90 per cent of pre-Covid level hotel bookings and the upswing continues with the return of travel normalcy following relaxation of pandemic-related restrictions and the recent restarting of scheduled international flights after two years. The arrival of the summer travel season coupled with the [...]
Inox wind arm Inox Green Energy Services' board on Monday approved a proposal to raise Rs 900 crore through an initial public offer (IPO). The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) of equity shares by certain shareholders to the tune [...]
UPL Ltd has settled with the capital markets regulator Sebi a case pertaining to alleged failure to modify the terms of appointment of the auditor of its subsidiary. The company settled the proceedings initiated against it after paying Rs 19.5 lakh towards settlement charges. "The instant adjudication proceedings initiated against the noticee (UPL) vide SCN [...]
The Supreme Court Monday stayed further proceedings before the high courts in matters involving challenges to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 or Cable TV Networks (Amendment) Rules 2021. A bench of Justices A M Khanwilkar and A S Oka passed the order while hearing a batch of petitions, [...]
Technology services provider SLK Software, on Monday announced the appointment of Ajay Kumar as its Chief Executive Officer. Kumar previously held the role of President and Chief Business Officer at SLK Software, the company said in a statement. An alumnus of IIM Bangalore, he brings two decades of experience in leading P&L (profit and loss) [...]
State-owned Central Bank of India on Monday reported a standalone net profit of Rs 310 crore in quarter ended March 2022, on the back of less provisioning for bad loans. The lender had posted a net loss of Rs 1,349 crore in the same quarter a year-ago. Total income during Q4 of FY22 rose to [...]
