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A man leaves an automated teller machine (ATM) facility of Bandhan Bank in Kolkata, India, March 8, 2018. | Photo Credit: Reuters Ratan Kumar Kesh, executive director and chief operating officer of Bandhan Bank, has been appointed as interim MD & CEO of the private lender with effect from July 10. The present MD&CEO and…
Read More “Bandhan Bank appoints Ratan Kumar Kesh as interim MD & CEO” »
The board of JM Financial Ltd. on Saturday approved the acquisition of 42.99% stake in JM Financial Credit Solutions Ltd. (JMFCSL) by JM Financial Ltd (JMFL) for about ₹1,282 crore. Post the transaction, the stake held by JMFL in JMFCSL will increase from 46.68% to 89.67%. The Board has also approved the acquisition of 71.79% stake in…
Read More “JM Financial to consolidate holding in wholesale debt syndication, ARC units ” »
Budget session of Parliament will be held from July 22 to August 12, said Union Parliamentary Affairs Minister Kiren Rijiju Union Parliamentary Affairs Minister Kiren Rijiju, on July 6, said that the Budget session of Parliament will be held from July 22 to August 12. Mr. Rijiju added that the Union Budget 2024-25 will be…
The FMCG sector is expected to see a moderate revenue growth this fiscal, a new report said. File | Photo Credit: MOHD ARIF The fast-moving consumer goods (FMCG) sector is expected to see revenue growth of 7-9% this fiscal, according to a report released by CRISIL Ratings on July 6. The expected revenue increase in…
Read More “FMCG sector to see 7-9% revenue growth this fiscal: CRISIL Ratings” »
A man stands next to an advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi, India, August 5, 2016. To match Interview INDIA-SAIL/ REUTERS/Adnan Abidi/File Photo | Photo Credit: Reuters Steel Authority of India Ltd will be investing ₹6,500 crore towards capex during the current financial year as part of…
Read More “SAIL to invest ₹6,500 crore towards capex in FY-25: CMD Amarendu Prakash” »
In April 2024, JSW Energy had raised ₹5,000 crore of equity through a QIP issue to build a war chest for accelerating its growth ambitions. Photo: www.jsw.in/energy SW Energy Chairman & Managing Director Sajjan Jindal on July 5 said the company has planned a capital expenditure of ₹15,000 crore during the current fiscal year. In…
Food inflation likely hardened further in June from the 8.7% mark recorded in April and May, going by Crisil’s food plate cost tracker, which showed that a home-cooked vegetarian meal’s cost rose 10% year-on-year to a six-month high, while non-vegetarian meal costs hit a seven-month peak. The cost of a non-vegetarian meal was 4% lower than…
The Congress on July 5 questioned how three leading mobile service providers in India were allowed to hike their tariff unilaterally, without any oversight and regulation. | Photo Credit: K.V.S. Giri The Congress on July 5 questioned how three leading mobile service providers in India were allowed to hike their tariff unilaterally, without any oversight…
Read More “Congress hits out at Centre over telcos hiking tariffs together” »
Bajaj Freedom has been called “the world’s first CNG motorcycle”. Photo: www.bajajauto.com Bajaj Auto Ltd, has announced the introduction of a Compressed Natural Gas (CNG) motorcycle named ‘Freedom’ at prices starting ₹95,000 (ex-showroom Delhi). The company said its 125 cc bike is “the world’s first CNG motorcycle.” “This groundbreaking innovation will revolutionise the two-wheeler industry…
Read More “Bajaj Auto unveils CNG motorcycle ‘Freedom’ starting from ₹95,000” »
Andhra Pradesh Chief Minister N Chandrababu Naidu meets Union Finance Minister Nirmala Sitharaman during a meeting, in New Delhi on July 5, 2024. | Photo Credit: PTI Ahead of the Union Budget presentation, Andhra Pradesh Chief Minister N Chandrababu Naidu on July 5 met Union Finance Minister Nirmala Sitharaman, pressing for enhanced financial support to…
