New Delhi, Apr 28 (PTI) Union Minister Narayan Rane on Thursday launched the revamped Sustainable (ZED) Certification Scheme to facilitate MSMEs to adopt Zero Defect Zero Effect practices and become energy efficient while improving quality through increased compliance with manufacturing processes. MSMEs certified under the scheme would be eligible for concession in banks' processing fees [...]
IIFL Finance on Thursday reported a 30 per cent growth in net profit to Rs 321 crore for the March quarter, driven by strong loan sales and lower provisioning for impaired assets. For the full year ending March 2022, the company booked a Rs 1,188 crore in net income, a growth of 56 per cent [...]
Mumbai, Apr 28 (PTI) Lower investment gains, higher COVID-19 claims and higher new premium underwriting have pulled down Bajaj Allianz Life's net income by 80 per cent in the March quarter to Rs 48 crore from Rs 234 crore a year ago, whittling down the 30 per cent rise in new business premium.The Pune-based Bajaj [...]
New Delhi, Apr 28 (PTI) The CBI on Thursday arrested Mumbai-based realtor Sanjay Chhabria in connection with a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan Housing Finance Corporation Ltd (DHFL), officials said. Chhabria of Radius Developers will be produced before a special court on Friday, they said. The CBI had [...]
Retail chain Shoppers Stop Ltd on Thursday reported narrowing of its consolidated net loss to Rs 15.85 crore for the fourth quarter ended March 2022. The company had posted a net loss of Rs 24.10 crore in the January-March quarter a year ago, according to a regulatory filing. Its revenue from operations was up 4.83 [...]
New Delhi, Apr 28 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday appealed to startups to get incorporated and listed in India and not leave the country "just for few dollars more". He suggested them to inform the government if there are any issues or problems so that those can be resolved. "A little [...]
Mumbai, Apr 28 (PTI) Non-banking financial company Shriram Transport Finance on Thursday reported a 43.87 per cent jump in its standalone profit after tax at Rs 1,086.13 crore in the quarter ended March 2022, on the back of improvement in the net interest margin and asset quality. The company had reported a standalone profit after [...]
New Delhi, Apr 28 (PTI) Capital markets regulator Sebi on Thursday slapped a fine totalling Rs 5 lakh on four individuals for indulging in manipulation of the share price of Viaan Industries Limited. Bollywood actress Shilpa Shetty Kundra and his husband Raj Kundra are the promoters of Viaan Industries Limited (VIL). In its order, the [...]
New Delhi, Apr 28 (PTI) Bajaj Holdings and Investment on Thursday said its consolidated net profit increased 16 per cent to Rs 1,105 crore for the fourth quarter ended March. The company had reported a consolidated net profit of Rs 949 crore in the January-March quarter of 2020-21 fiscal. The total income, however, declined to [...]
New Delhi, Apr 28 (PTI) Indian Hotels Company Ltd (IHCL) shares jumped nearly 5 per cent on Thursday after the company reported a consolidated net profit of Rs 71.57 crore for the fourth quarter ended March 2022.Shares of the company rallied 5.89 per cent to Rs 249.75 during the day at the BSE. It finally [...]
New Delhi, Apr 28 (PTI) Mining major Vedanta Ltd on Thursday reported a consolidated profit after tax of Rs 7,570 crore for the January-March quarter of 2021-22 on the back of higher sales volume, supportive commodity prices and operational efficiencies.The company had posted a profit after tax of Rs 5,105 crore in the year-ago period, [...]
Kathmandu, Apr 28 (PTI) Nepal Airlines Corporation (NAC), the country's national flag carrier, on Thursday successfully conducted an "operational performance test flight" at Gautam Buddha International Airport, the country’s second international airport, which will soon start operating international flights. The NAC A330 wide-body aircraft took off from Tribhuvan International Airport here at 5 pm and [...]
New Delhi, Apr 28 (PTI) People can now subscribe to the national pension scheme from the Department of Posts online, an official statement said on Thursday. The Department of Posts (DoP) has been providing the National Pension Scheme (NPS-All Citizen Model Scheme), a voluntary Pension Scheme of the Government of India managed by Pension Fund Regulatory [...]
Ambuja Cements, part of Swiss building material major Holcim Group, on Thursday reported a 30.26 per cent decline in its consolidated net profit to Rs 856.46 crore for the first quarter ended March 2022 on account of rising fuel prices. The company, which follows the January-December financial year, had clocked a net profit of Rs [...]
New Delhi, Apr 28 (PTI) Real Estate Regulatory Authority of Delhi on Thursday said all housing and commercial projects being developed on more than 500 square metres of land will require compulsory registration with the state regulator. In a public notice, Delhi RERA (Real Estate Regulatory Authority) clarified that those projects where the number of [...]
Mumbai, Apr 28 (PTI) IKEA India is planning to increase locally sourcing their products which will not only help in staying affordable but will also create more jobs and enhance skills, a top company executive has said. "We have been steadily increasing our local sourcing footprint in India and our ambition is to reach about [...]
Mumbai, Apr 28 (PTI) Healthcare startup Ayu Health has raised USD 27 million (about Rs 205 crore) in a series-B round led by Fundamentum Partnership, an early growth-stage fund founded by Nandan Nilekani and Sanjeev Aggarwal.The round also saw participation from the US-based fund 57 Stars, Rohit MA-led Capier Investments, angel investors such as Ashish [...]
New Delhi, Apr 28 (PTI) Citing high inflation, the Federation of Hotel and Restaurant Associations of India on Thursday appealed to the GST Council to rationalise the GST rates for the hospitality sector. FHRAI has also asked the government to consider simplification of goods and services tax (GST) rules to enable the establishments falling under [...]
New Delhi, Apr 28 (PTI) Tata Power has inked a pact with National Real Estate Development Council (NAREDCO) to install 5,000 EV charging points across Maharashtra, a statement said on Thursday. Tata Power will provide a comprehensive EV charging solutions across properties of member developers of NAREDCO, the statement said. This will include installation, maintenance, [...]
