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Tapan Sen, former MP and CITU general secretary. | Photo Credit: RAO GN Left-leaning Centre of Indian Trade Unions (CITU) has questioned the Union government’s decision to sell public sector firm Ferro Scrap Nigam Limited (FSNL) to a Japanese corporation. A subsidiary of MSTC Limited, the FSNL had recently made a disclosure that its 100%…
Read More “Sale of profit-making FSNL to Japanese company anti-national: CITU” »
Launch of Kia Syros in Chennai on January 25, 2025. | Photo Credit: R. Ravindran From panoramic sunroof to wireless charging, stolen vehicle tracking to front ventilated seats, customers in Chennai were given a glimpse of what Kia promises to offer in its new compact SUV, the Syros. R. Arunkumar, chief executive officer, VST Central…
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Image for representation. | Photo Credit: The Hindu Stakeholders from the healthcare sector, specifying their expectations from the upcoming Union budget, sought higher budget allocation for the sector; reduction in Goods and Services Tax (GST) and import duties on critical medical equipment and supplies; lower treatment costs for patients; and easy accessibility to various schemes…
ICICI bank. File | Photo Credit: Reuters ICICI Bank on Saturday (January 25, 2025) reported a 15% rise in standalone net profit at ₹11,792 crore for the third quarter ended December 2024. The second-largest private sector lender had earned a net profit of ₹10,272 crore in the same quarter a year ago. “Total income increased…
Read More “ICICI Bank Q3 profit rises 15% to ₹11,792 crore” »
Representational image only. File | Photo Credit: Photo Credit: https://dorfketal.com Dorf-Ketal Chemicals India Limited, a Research & Development and innovation-focussed global manufacturer and supplier of specialty chemicals, having 16 factories in four countries, has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for a ₹5,000 crore Initial Public…
Read More “Dorf-Ketal Chemicals files DRHP with SEBI for ₹5,000 crore IPO” »
Shriram Finance Ltd (SFL) for the third quarter ended December 31, 2024 reported standalone net profit of ₹3,570 crore including one time gain of ₹1,489.39 crore (net of tax) for sale of its stake in subsidiary Shriram Housing Finance Ltd (SHFL) (now renamed as Truhome Finance Ltd) against ₹1,818.33 crore in the same period of the previous year, up…
Read More “Shriram Finance Q3 PAT doubles to ₹3,570 crore ” »
WeWork India posted Operating Income of ₹1,661.6 crore in FY2024. | Photo Credit: Reuters ICRA Ratings has upgraded WeWork India Management Ltd’s credit rating to ‘ICRA [ICRA] A-’ with a Positive Outlook, the flexible workplace operator said in a statement. The stable outlook on the rating reflects ICRA’s expectation that the company would sustain healthy occupancy and…
Read More “ICRA upgrades IPO bound WeWork India’s credit rating” »
A jump in tea imports from African and Asian countries coupled with early closure of tea production across North India has impacted the small-scale planters. File | Photo Credit: The Hindu GUWAHATI A jump in tea imports from African and Asian countries coupled with the Tea Board’s directive on early closure of tea production across…
Read More “Northeast small tea growers flag impact of massive imports” »
Bank of India for the third quarter ended December 31, 2024 reported 35% growth in net profit at ₹2,517 crore as compared with ₹1,870 crore in the year ago period. During the quarter the bank’s Net Interest Income (NII) increased by 11% Year on Year (YoY) to ₹6,070 crore. Net Interest Margin (NIM) was lower…
Read More “Bank of India Q3 net profit surges 35% to ₹2,517 crore ” »
The ceremony is a customary ritual in which traditional dessert ‘halwa’ is prepared and served to officials and staff members of the finance ministry who are involved in the preparation of the budget. File | Photo Credit: ANI Finance Minister Nirmala Sitharaman on Friday (January 24, 2025) participated in a traditional ‘halwa’ ceremony, marking the…