Yes Bank on Saturday said it returned to full-year profitability in the fiscal ended March 2022, registering a profit of Rs 1,066 crore during the year. The private sector lender had posted a net loss of Rs 3,462 crore in the previous fiscal year ended March 2021 and a loss of Rs 22,715 crore in [...]
Ahmedabad, Apr 30 (PTI) Evolving with changing scenarios will be crucial for Insolvency and Bankruptcy Code (IBC) as it could become the most potent instrument in driving proactive responsible behaviour among lenders and prove to be a boon for the economy, Corporate Affairs Minister Rao Inderjit Singh said on Saturday. He was speaking at an [...]
New Delhi, Delhi, India (NewsVoir) As all roads lead to the capital city to celebrate the country’s largest art and culture fest the India Art Fair’22, DIACOLOR, a leading luxury jewellery brand joins hands with the fair as their luxury partner. Showcasing the wonder world of artistry and rare gemstones, this year the brand showcases [...]
The two-wheeler industry is showing signs of improvement after three consecutive years of volume decline. The retail volumes in the recent months imply annualized volumes of 15-16 mn, which if maintained, would result in 12-19% wholesale volume growth in FY23, according to 5Paisa. The two-wheeler industry saw a sharp decline in the demand around the [...]
New Delhi, Apr 30 (PTI) The Khadi and Village Industries Commission (KVIC) achieved a whopping Rs 1.15 lakh crore turnover in 2021-22, growing at a rate of 20.54 per cent from the previous year, the government said on Saturday. The MSME ministry stated that KVIC has achieved a height which remains a distant goal for all [...]
New Delhi, Apr 30 (PTI) PVC pipes and plastic products maker Astral said it will acquire a majority 51 per cent stake in Gem Paints for Rs 194 crore, a move which will allow the Ahmedabad-based firm to expand its product portfolio into the paints segment. Astral has entered into a definitive agreement with Gem [...]
Excellent sports performance followed by magnificent Cultural Fest Bengaluru, Karnataka, India (NewsVoir) With unparalleled grandeur, the Khelo India University Games (KIUG) 2021, hosted by JAIN University, has successfully captured the attention of sports stalwarts all over the world. More than 4500 athletes from more than 190 universities in India have participated in this competition. As [...]
New Delhi, Apr 30 (PTI) Amid concerns in certain quarters that the insolvency law has led to more liquidations than resolutions of stressed assets, Corporate Affairs Secretary Rajesh Verma on Saturday pitched for having a framework to study the impact of the legislation. Emphasising that the government and regulator IBBI have been constantly making course [...]
The Indian economy may take more than a decade to overcome the losses emanating from the COVID-19 pandemic, said a report published by the Reserve Bank of India. In an analysis of the impact of COVID-19 on the economy, the report has estimated the output losses during the pandemic period at around Rs 52 lakh [...]
A Successful Wrap up of the Inkspell April Fest comprising of vIDEA Awards and Summit and The Unlocked Awards MUMBAI, India, April 30, 2022 /PRNewswire/ -- The 4th Annual Edition of Inkspell's Video Media Awards & Summit 2022 and the 2nd Annual Chapter of The Unlocked Awards 2022 in collaboration with the Global Trends Forum, [...]
With more than 50 Cr. Indians suffering from eye-related issues, Titan Eye+ is determined to raise awareness about eye health Bangalore, Karnataka, India (NewsVoir) Titan Eye+, India’s trusted eye care destination reaffirms its commitment to raising awareness of eye health issues by creating the GUINNESS WORLD RECORDS™ title for the “Most online eye screening tests [...]
Mumbai, Maharashtra, India – Business Wire India TradeStars has witnessed massive response and recognition concerning the launch of its brand new feature, the DFS (Daily Fantasy Sports). The much-awaited feature will now allow the platform users to participate in daily tournaments and DFS contests and earn digital and monetary rewards in ways they could’ve only [...]
United Nations, Apr 30 (PTI) As large parts of India and Pakistan experience scorching temperatures, the UN’s specialised agency on weather has said while it is premature to attribute the extreme heat in the two countries solely to climate change, it is consistent with a changing climate, with heatwaves starting earlier than in the past.Extreme [...]
New York, Apr 30 (PTI) Civil Aviation Minister Jyotiraditya Scindia held discussions with American aerospace giants on further strengthening collaboration with the industry in India. Scindia arrived here on Thursday for the first leg of his visit to North America and began his engagements with discussions with New York-based technology-powered, global air mobility platform Blade. [...]
Houston, Apr 30 (PTI) Shell Overseas Investment B.V., a wholly owned subsidiary of Shell plc (Shell), has signed an agreement with Actis Solenergi Limited (Actis) to acquire 100 per cent of Solenergi Power Private Limited for USD 1.55 billion and with it, the Sprng Energy group of companies. Solenergi Power Private Limited is incorporated in [...]
Mumbai, Apr 29 (PTI) The scorching weather has led to increase in the use of fans and air conditioners, leading to a surge in electricity demand and causing frequent power cuts in Mumbai, the country's financial capital, power utility BEST said on Friday.The civic-run Brihanmumbai Electric Supply and Transport (BEST), which supplies power to the [...]
Kolkata/New Delhi, Apr 29 (PTI) Public sector miner Coal India has reported an increase of 27.2 per cent in its output in April 2022 as compared to the year-ago period, coal ministry said on Friday. The despatch of coal also improved by 5.8 per cent year-on-year in April 2022. "Coal production by Coal India Ltd [...]
New Delhi, Apr 29 (PTI) Various states continued to grapple with power shortages on Friday amid soaring mercury pushing the demand higher while opposition parties blamed the Centre for coal shortages at thermal plants. As the heatwave continued to intensify, the country's peak power demand met touched an all-time high of 207.11 GW on Friday [...]
