Mahindra & Mahindra Financial Services (Mahindra Finance) on Monday reported an over two-fold increase in consolidated net profit at Rs 629 crore for the quarter ended March 2022 as a drop in bad loans helped in credit cost reversal. The company's net profit stood at Rs 219 crore in the same quarter a year ago. [...]
New Delhi, May 2 (PTI) Enterprise communications service provider Route Mobile will acquire the artificial intelligence-based blockchain and DLT platform of Teledgers Technology for over Rs 130 crore, according to a regulatory filing. Under the agreement, Route Mobile subsidiary Route Ledger will pay Rs 4.9 crore as advance to Teledgers within 30 business days of [...]
New Delhi, May 2 (PTI) Markets regulator Sebi on Monday asked stock exchanges and other Market Infrastructure Institutions (MIIs) to submit information pertaining to exceptional major non-compliances observed in the systems and network audit. The systems and network audit report will be placed before the governing board of the MII concerned. Later, the report along with [...]
New Delhi, May 2 (PTI) Amid a rise in customer complaints against cab aggregators, consumer protection regulator CCPA has called a meeting of ride-hailing platforms like Ola and Uber next week for seeking details about their policies related to pricing and cancellation of rides. Speaking to PTI, Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi [...]
New Delhi, May 2 (PTI) Travel services provider Yatra Online Inc on Monday said it has introduced a feature on its flight booking platform that will estimate carbon emissions of each flight it displays as a step towards promoting sustainable travel. The feature will highlight carbon emissions and environmental impact of the flights, enabling consumers [...]
Mumbai, May 2 (PTI) L&T Finance is exploring "inorganic structures" to exit the real estate projects lending business or at least reduce its exposure in the segment by partnering with other financiers, a top company official said on Monday. The company is also looking to partner with dedicated funds to create a platform which will [...]
New Delhi, May 2 (PTI) Private sector insurer Ageas Federal Life Insurance (AFLI) on Monday said it has posted a net profit of Rs 94 crore for the fiscal year ended March 2022. This is the 10th consecutive year of profit for the company since it first declared profit in FY2012-13, Ageas Federal Life said [...]
New Delhi, May 2 (PTI) The National Open Access Registry (NOAR), which is common automated technology platform for all stakeholders, including open access participants, traders and power exchanges, has gone live from May 1, the power ministry said on Monday. The NOAR has been designed as an integrated single window electronic platform accessible to all [...]
Mumbai, May 2 (PTI) State-run Bank of Baroda on Monday announced a 25 basis points (bps) reduction in its car loan interest rates to 7 per cent per annum from 7.25 per cent earlier. The lender also said it has reduced processing charges to a flat Rs 1,500 plus GST for a limited period up [...]
Colombo, May 2 (PTI) India has extended its current credit line by a further USD 200 million to replenish Sri Lanka’s rapidly depleting fuel stocks, Power and Energy Minister Kanchana Wijesekera said on Monday. Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948. The crisis [...]
Bhopal, May 2 (PTI) The Madhya Pradesh transport authority has granted permission to a private operator to run air-conditioned electric buses between Bhopal and Indore. The move is expected to cut carbon emissions by reducing the number of vehicles using conventional fuel on the busy three-hour route. 'NueGo', inter-city premier AC electric bus service from [...]
IDBI Bank on Monday reported a 35 per cent jump in profit after tax at Rs 691 crore for the quarter ended March on the back of lower provisioning, improvement in asset quality and better recoveries. The lender had posted a profit after tax (PAT) of Rs 512 crore in the year-ago period. For the [...]
New Delhi, May 2 (PTI) The early arrival of summer and the subsequent heat wave have led to soaring demand for residential air conditioners, with manufacturers such as Voltas, Panasonic, Hitachi, LG and Haier posting record sales in April. The sales have also been boosted by pent-up demand and a low base of April last [...]
New Delhi, May 2 (PTI) Shares of Tata Chemicals on Monday jumped nearly 10 per cent after the company reported a multi-fold rise in consolidated profit after tax for the quarter ended March. The stock rallied 9.89 per cent to settle at Rs 1,033.75 apiece on the BSE. During the day, it zoomed 11.37 per [...]
Mumbai, May 2 (PTI) Housing finance major HDFC on Monday reported a 16 per cent growth in standalone net profit to Rs 3,700 crore for the January-March quarter, helped by record loan sales on the back of benign interest rates and the resultant fall in cost of funds along with the near-total repayments that culled [...]
Pune, Maharashtra, India (NewsVoir) For many investment options, market volatility affects the returns, but this is not the case with fixed deposits. FD interest rates are fixed, making it an excellent choice for investors to inject stability into their portfolios. These rates are crucial in deciding where to invest, and investors have several issuers to [...]
Noida, Uttar Pradesh, India (NewsVoir) • St+art care will be an annual initiative to bring art to various public institutions • The first hospital to benefit from this project is The Post Graduate Institute of Child Health (an autonomous Institute under the Govt. of UP), located in Sector 30, Noida. St+art India Foundation in collaboration [...]
Chandigarh, India (NewsVoir) Dr. Neha Tuli, Founder of 6DOF Solutions Pvt. Ltd. (an EdTech startup) incubated by Chitkara University, Punjab, was honoured with the prestigious ‘Women Entrepreneur of the year’ award by Software Technology Parks of India, Mohali & TIECON 2022 at its Annual STPI Awards 2022. TIECON is the world's largest technology conference designed [...]
New Delhi, May 2 (PTI) Realty firm TARC Ltd on Monday said it has raised Rs 1,330 crore through the issue of non-convertible debentures to retire the entire loans of the company. In a regulatory filing, TARC Ltd, formerly Anant Raj Global Ltd, informed that the company has "successfully raised Rs 1,330 crores by way [...]
Berlin, May 2 (PTI) External Affairs Minister S Jaishankar met his German counterpart Annalena Baerbock on Monday and the two leaders reviewed the bilateral cooperation and discussed the Russia-Ukraine conflict and the Indo-Pacific. Jaishankar, who is here as part of Prime Minister Narendra Modi’s delegation, said that he had “good conversation” with Minister for Foreign [...]