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Honeywell appoints Maheshwari as prez & CEO of High Growth Region Portfolio

He will succeed Ben Driggs, who will be taking another leadership role in the company

Kilburn Engineering reports 145% surge in PAT to Rs 7.09 crore in Q1

Expressing optimism for the remaining quarters, the company cited its current order book and pending enquiries of over Rs 700 crore at various stages of quotation

Vedanta announces new appointments, advisory board for oil business

John Slaven has been appointed as chief executive officer for the Aluminium Business, also being designated as senior management personnel (SMP), effective from October 3 for a term of 3.5 years

SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered

At the top end, SBFC will be valued at Rs 6,066 crore on a post-dilution basis

India in pole-vaulting distance to oust China as world's factory: Mahindra

Mahindra suggested that doubts surrounding China's ambitions and disruptions to supply chains in the wake of Covid-19 have also worked in India's favor

Business Standard journalist Namit Gupta passes away at the age of 58

The Business Standard family will miss him deeply

HSBC MF enters Rs 1-trn AUM club; Sebi NSDL IPO in abeyance

HSBC MF acquired L&T MF in 2022, leading to a multifold rise in its AUM. At the time of acquisition, L&T MF had an AUM of around Rs. 71,000 crore

S&P Global Ratings revises outlook to negative for Vedanta Resources

In a statement, it said Vedanta Resources' weakened access to cash flow from its operating subsidiaries at a time of challenging external financing conditions has raised its refinancing risk

Shriram Life insurance posts Rs 35 crore net profit in first quarter

Despite a slight drop in profits, the company sees an 82% surge in total premium earned compared to the previous year

8% of GCCs expect their workforce to double within 2023: NLB Services

Despite the headwinds, GCCs will continue to leverage India's vast pool of skilled professionals to bolster their workforce and fuel their growth trajectory

Most people think govt was responsible for leak of personal data: Report

According to the report, Aadhaar and PAN card numbers, mobile numbers and email addresses were the most commonly leaked personal data

700 districts already covered by 5G internet, a fastest rollout: MoS IT

Chandrasekhar contrasted the nine years of the Modi government with the preceding decade under the United Progressive Alliance (UPA)-led government

KFC system sales growth jumps 22% in June for India, partner countries

Its area countries include Nepal, Bangladesh, Sri Lanka and Maldives

Brookfield, RIL sign MoU to explore renewable opportunities in Australia

Under the MoU, Brookfield will collaborate with RIL to assess potential capital investment and skill development opportunities in Australia's renewable energy sector

KKR to acquire majority stake in pallet pooling platform Leap India

Leap India provides various supply-chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance

Indian Overseas Bank records 28% rise in Q1 net profit to Rs 504 crore

The Chennai-based bank's total business increased to Rs 4.56 trillion as on June 2023, up from Rs 4.24 trillion in June 2022

Tax filing for AY24 touches all-time high, surpasses 67.7 million

On 31 July, the final day for filing, the number of ITRs peaked with over 6.433 million ITRs submitted in a single day, the I-T department reported

Murugappa Group's Chola sees 28% rise in first quarter net profit

Chola's Home Loan business disbursed Rs 1,454 crore in Q1 FY24, a substantial 138 per cent growth from Rs 611 crore in Q1 FY23

TVS ILP plans $400-mn investment to double portfolio to 20 mn sq ft

Infra and warehouse firm strengthens partnership with NIIF IFL

Credit cards in force hit new high in June; spends decline over May

HDFC Bank maintained its leadership position with 18.35 million cards, followed by SBI Card at 17.34 million, ICICI Bank at 14.8 million, and Axis Bank at 12.5 million