HDFC Bank has the most assets among all private banks in India. It merged with its parent HDFC in July 2023, adding a large pool of loans to its portfolio but a much smaller volume of deposits.
The Tata Group took complete control of Air India from the government, nearly 69 years after it was taken from the conglomerate.
Kirloskar siblings, with Sanjay (Kirloskar Brothers Ltd Chairman and Managing Director) on one side and Atul and Rahul on the other, have been in a feud since 2016 over the DFS for the assets of the more than 130-year-old Kirloskar group.
Brigade's project at Whitefield will have a total saleable area of around 2.5 million square feet, and a land cost of Rs 630 crore, purchased through subsidiary Ananthay Properties.
The resignation dated January 3 informed that Nagnur's last day at the bank would be February 15, 2025. An interim structure has been put in place at the bank to ensure smooth functioning, said the company.
Marico has posted a sequential uptick in volume growth, and the consolidated business has posted 'mid-teen revenue growth' compared to a year ago. The company said it is on track to meet double-digit growth for the full year.
Nishant Pitti has sold some of his stake in the company during 2024, and this week, he further pared 1.4% stake in Easy Trip Planners before stepping down as CEO of the company.
DCX Systems is expected to benefit from demand for items that were previously imported but are now made by Indian OEMs such as BEL, HAL, L&T and others.
Sebi's letter has raised concerns over the fact that the approval of the board and shareholders regarding increase in authorized share capital of Western Carrier was taken while the issue was already open for subscription.
Jefferies, meanwhile, has issued a fresh note that sees 58% upside in ONGC, and has reiterated its buy call. The recent correction in the shares of ONGC seem to be overdone, said Jefferies.
Central Drugs Standard Control Organization (CDSCO) approved antibiotic Nafithromycin, sold under Miqnaf brand, as a new treatment for community-acquired bacterial Pneumonia (CABP) in adults.
The company is diversifying distribution reach and scaling up launches as demand is expected to improve going forward
The share purchase by Varun Beverages will ensure funds with Bevco, its subsidiary in South Africa, to repay existing debt and strengthen balance sheet for growth.
As of December, Avenue Supermarts' store count was 387, indicating that the company added 10 stores during the third quarter.
In 2022, Sebi had withdrawn the recognition granted to ICEX over 'non-compliance with minimum net-worth requirement'. ICEX has already been informed to change its name and not use 'exchange' or any other variant if it intends to continue as a corporate entity.
The damage due to the fire accident is 'adequately covered' by a comprehensive insurance policy with a sum assured of Rs 932.52 crore, said Heubach Colorants.
As of September 2024, the PLI scheme has already facilitated an investment of Rs 20,715 crore in the sector, leading to incremental sales of Rs 10,472 crore, as per a government official.
IT companies had in recent years over-hired, which had led to a large bench, thus bringing down the utilisation rate. Now, the utilisation rate is back to pre-Covid levels, observed Info Edge, adding that replacement hirings are commenced, even in big IT services companies, which will create demand.
MFIN had in November introduced the measure to reduce number of lenders to a borrower to three, from previously four. MFIN also recommended to cap the indebtedness of a MFI borrower to Rs 2 lakh.
According to Geojit Financial Services, The Union Cabinet Wednesday approved the continuation of the Pradhan Mantri Fasal Bima Yojana and Restructured Weather Based Crop Insurance Scheme till 2025-26 (Apr-Mar), with an overall outlay of INR 695.15 billion from FY22 to FY26, the government said in a release.
The business update shared by CSB Bank on January 1 showed that the total deposits grew by 22.17% on year to Rs 33,406 crore, and advances against gold and gold jewellery rose by 36.28% YoY to Rs 13,018 crore.
Increasing market share of key clients, growing exports, and foray into new segments like lab-grown diamonds are among the factors working in favour of the company
Spatial shortage makes it crucial for India to manage its water resources judiciously
Natural gas regulator PNGRB has said that the company seems to have made profit at the cost of gas consumers, and is seeking a framework to bring the regassification activities under its purview.
