Mumbai, Apr 26 (PTI) Tripping at an important substation feeding power to the megapolis led to a power cut of over an hour in many parts of the country's financial capital on Tuesday, aggravating woes for people already sweltering under a heat wave. Lines at the Padgha substation located near Kalyan tripped at about 10 [...]
Tata Coffee (TCL) on Tuesday reported a 12.04 per cent growth in its consolidated profit to Rs 64.28 crore during the quarter ended March. The company's profit stood at Rs 57.37 crore during the corresponding quarter of 2020-21, TCL said in a BSE filing. Revenue from operations witnessed a growth of 10.99 per cent to [...]
Mumbai, Apr 26 (PTI) AU Small Finance Bank on Tuesday reported a 105 per cent growth in net income at Rs 346 crore for the March quarter driven by margin expansion, record loan sales and lower provisioning for impaired assets. However, the Jaipur-based lender which has completed five years of operations said its full year [...]
New Delhi, Apr 26 (PTI) E-commerce companies should collaborate with electric vehicle makers for the development of right-size delivery vehicles, a report by World Business Council for Sustainable Development (WBCSD) and Flipkart released on Tuesday said. According to the report, a 100 per cent electrification of e-commerce delivery fleets is possible with a conducive policy [...]
Kolkata, Apr 26 (PTI) India-Australia Economic Cooperation and Trade Agreement is going to strengthen not only the bilateral trade between the two countries but also improve India's image in the world post-RCEP, said a professor of a policy research institute.India had in November 2019 opted out of the 15-nation Regional Comprehensive Economic Partnership, which is [...]
New Delhi, Apr 26 (PTI) Private sector lender RBL Bank on Tuesday said it will seek shareholders' approval for the appointment of interim MD and CEO Rajeev Ahuja till June 24, as the process to appoint a regular head awaits RBI's consent. Voting through postal ballot will start on April 28 and end on May [...]
New Delhi, Apr 26 (PTI) The government should find ways to start rupee-rouble trade with Russia as it would help exporters deal with economic sanctions imposed by western countries on Russia, Federation of Indian Export Organisations (FIEO) President A Sakthivel said on Tuesday. He said that the government should identify 5-6 banks through which exporters [...]
Chennai, Apr 26 (PTI): Nasdaq-listed Freshworks Inc. has launched the Freshworks CRM for e-commerce, a customer relationship management solution with a unified customer record targeting digital retails and consumer brands, the company said on Tuesday. The Freshworks CRM for e-commerce empowers employees to engage their buyers directly through modern messaging channels including WhatsApp and text [...]
Bengaluru, Apr 26 (PTI) Fintech player 'udaanCapital' on Tuesday said it has partnered with Northern Arc Capital Limited and facilitated disbursal of credit to over 50,000 kiranas and small retailers. udaanCapital enables such retailers to make purchases for their stores from a wide array of suppliers on the udaan platform with credit lines provided by [...]
Jammu, Apr 26 (PTI) Delayed infrastructure projects that have been taken up for completion by the Lieutenant Governor administration have been linked with Google Earth for real time monitoring, officials said on Tuesday. As many as 1,239 projects involving investment of Rs 1,748.65 crore have attained physical completion in the union territory during the last [...]
London, Apr 26 (PTI) Prodapt, a Chennai-headquartered global consulting, technology and managed services provider, on Tuesday announced that it plans to double its investment in the UK market to GBP 100 million.The investment commitment is the result of a strong growth opportunity that Prodapt sees in the UK’s technology sector, the company said. The move [...]
Buoyed by healthy consumer sentiments, Bajaj Finance on Tuesday reported its highest ever consolidated net profit at Rs 2,420 crore in the three months ended March. The figure is 80 per cent higher compared to Rs 1,347 crore posted in the year-ago period. The Non-Banking Finance Company (NBFC) also posted its highest ever consolidated profit [...]
New Delhi, Apr 26 (PTI) Short video app Moj is planning to launch various programs and tools to enable content creators earn around Rs 3,500 crore by 2025, a top company official said on Tuesday. The company plans to create an ecosystem within the platform to grow content creators to 10 lakh from around 1 [...]
Shillong, Apr 26 (PTI) Chief Minister Conrad K Sangma on Tuesday launched a programme to make Meghalaya one of the largest producers of ginger in the country.The state government will be spending Rs 121 crore for the initiative over the next three years, he said.'Ginger Mission' aims to increase ginger production in the state to [...]
Jammu, April 26 (PTI) A delegation of women's wing of industry body FICCI on Tuesday urged Jammu and Kashmir's Lieutenant Governor Manoj Sinha to promote Jammu as a major tourist destination. The Jammu-Kashmir and Ladakh chapter of FICCI Ladies Organisation (FLO) said its delegation led by chairperson Ritu Singh called on the Lieutenant Governor (L-G) [...]
New Delhi, Apr 26 (PTI) Bharat Biotech International Ltd (BBIL) on Tuesday said its COVID-19 vaccine, Covaxin, has received emergency use approval in children 6-12 years of age in India. Earlier approved for children 12-18 years of age, Covaxin has proven to be safe, well-tolerated, and immunogenic in paediatric subjects in phase II/III study in [...]
Mumbai, Apr 26 (PTI) Integrated inter-modal logistics services provider Gateway Distriparks Limited (GDL) on Tuesday reported an 84.40 per cent year-on-year growth in profit after tax (PAT) at Rs 85.53 crore for the quarter ended March 2022. The company had posted a profit of Rs 46.38 crore in the March quarter of FY21, it said [...]
Chennai, Apr 26 (PTI): BNY Mellon, a global investment company on Tuesday inaugurated its new state-of-the-art office here that would accommodate different teams assisting the company's global operations. The facility, marks a historical milestone for BNY Mellon's 20 year old operations and was the single largest facility for the company in India that can house [...]
New Delhi, Apr 26 (PTI) Hospitality industry body Hotel Association of India (HAI) on Tuesday said it has asked the government to intervene to restore insurance premium rates for hotel properties to FY 2018-19 level, stating these have been increased by over two-and-half times by re-insurers. In a submission to Finance Minister Nirmala Sitharaman, the [...]
New Delhi, Apr 26 (PTI) Insurance giant LIC has fixed the price band at Rs 902-949 per share for the Rs 21,000 crore public offer that is likely to open on May 4, sources said. Life Insurance Corporation (LIC) would offer a Rs 60 discount for policyholders and Rs 40 for retail investors and employees. [...]
