Page 102 - Bs Reporter

Federal Bank Q4 results: Profit flat at Rs 906 cr due to pension expense

Bank in advance stages of submitting new CEO names to RBI

South Indian Bank Q4 results: Net profit down 14% at Rs 287.56 crore

The bank's gross non-performing asset in Q4 FY24 came down by 64 basis points from 5.14% to 4.50%

Godrej Industries to be main holding company for Adi-Nadir Godrej family

Godrej Industries holds 64.9 per cent stake in Godrej Agrovet, and 23.7 per cent stake in Godrej Consumer Products, and 47.3 per cent stake in Godrej Properties

Truck rentals tepid, commercial vehicle sales skid in April, says report

'Seasonal fruits, including mangoes, kept some hubs busy. While there was a decline in truck rental, the fleet occupancy remained around 70 per cent'

SC refuses to accept govt application on 2012 2G spectrum allocation

Application 'misconceived' and there is no 'reasonable cause' for entertaining it, says court registrar

Asirvad MFI gets Sebi approval for IPO; JNK India surges 67% on debut

The company is also venturing into the renewable energy sector, focusing on green hydrogen production, hydrogen fuel stations, and solar photovoltaic projects.

Sebi probing Linde India for related party transaction violation

Sebi will be considering punitive measures once the ongoing investigation reaches its conclusion. The regulator has issued summons to key personnel and independent directors of the firm

AU Small Finance Bank stock rallies over 6% on universal banking hopes

The central bank has laid down qualitative criteria of a satisfactory five-year track record, which will be evaluated post-application made by SFBs

Global alternative firm Investcorp acquires NSEIT for Rs 1,000 crore

NSEIT is a leading provider of advanced digital transformation and cybersecurity services focused on global customers in capital markets, insurance, and banking

InGovern raises concern over Triveni Engineering's stake buy in Sir Shadi

The proxy advisory firm has said the Securities and Exchange Board of India (Sebi) should appoint an independent valuer to determine the fairness of the offer price of TEIL

Vedanta gains 4% following analysts' upgrade; Motilal Oswal announces bonus

Volume growth and cost efficiencies in the aluminium business saw Vedanta post operating profit (Ebitda) of nearly Rs 9,000 crore for the March 2024 quarter thanks to margin improvement

Indices snap 5-day winning run: Sensex ends over 600 points lower

The combined market capitalisation of all BSE-listed firms stood at Rs 404 trillion

Nawaz Modi Singhania removed from boards of 3 Raymond Group firms

Their shareholders wrote to the companies that they lost confidence in Singhania as a Director and requested to convene a shareholder meeting to remove her from the boards, the statements said

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

The regulator put restrictions on the bank citing gaps in the IT systems which the lender failed to address

Arun Alagappan appointed as executive chairman of Coromandel International

His appointment comes as A. Vellayan retires from the position of chairman and non-executive director with effect from the close of Wednesday

Cognizant, Microsoft announce partnership to expand adoption of GenAI

Cognizant purchased 25,000 Microsoft 365 Copilot seats for Cognizant associates, along with 500 Sales Copilot seats and 500 Services Copilot seats

Tamilnad Mercantile Bank net profit falls flat at Rs 253 crore in Q4

The bank posted a net profit of Rs 284 crore for the October-December 2023 quarter

Indian businesses saw 235,472 ransomware incidents from Jan-Dec 2023

In 2023, India witnessed ransomware attacks against different organisations - a major healthcare institution, government departments, Indian telecom company, as well as power and utility company

HDFC Bank Q4 results: Profit jumps 37% to Rs 16,512 crore, NII up 24.5%

HDFC Bank Q4 result: Boosted by trading gains and robust credit performance, HDFC Bank's net interest income rose 24.5% in the March quarter, with net profit reaching Rs 16,512 crore