Page 1319 - Company News
Merger raises HDFC Bank's total business to over Rs 41 trn in FY23
The total business (deposit and advances) of State Bank of India (SBI) stood at Rs 70.30 lakh crore at the end of March 31, 2023
 "Merger raises HDFC Bank's total business to over Rs 41 trn in FY23")
IREDA posts 36% YoY growth in loan sanctions at Rs 32,586 cr: CMD PK Das
The company has also posted a 34.65 per cent year-on-year rise in loan disbursement at Rs 21,639.21 crore during FY23, Das said in his address to the company's shareholders
 "IREDA posts 36% YoY growth in loan sanctions at Rs 32,586 cr: CMD PK Das")
UltraTech Cement Q1 consolidated sales increased by 19.64% to 29.96 MT
The company produced 25.04 MT of cement in the April-June quarter a year ago, Aditya Birla Group firm said in a regulatory filing
 "UltraTech Cement Q1 consolidated sales increased by 19.64% to 29.96 MT")
State-owned NMDC iron ore output grows 20% 10.70 MT in April-June
Sales rose to 11.15 MT from 7.66 MT in the year-ago period, registering a 45 per cent rise
 "State-owned NMDC iron ore output grows 20% 10.70 MT in April-June")
Siemens acquires Mass-Tech Controls Private's EV division for Rs 38 cr
Siemens is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power
 "Siemens acquires Mass-Tech Controls Private's EV division for Rs 38 cr")
Aim is to create one HDFC Bank in every four years: CEO Sashi Jagdishan
The bank will set up a grievance committee to hear the concerns of anyone who wishes to air their woes
 "Aim is to create one HDFC Bank in every four years: CEO Sashi Jagdishan")
PNB partners with Amul to support dealership network under MUDRA scheme
A memorandum of understanding to this effect was signed between PNB and GCMMFL (Amul) on July 1, the bank said in a statement
 "PNB partners with Amul to support dealership network under MUDRA scheme")
Honda Cars' domestic wholesales declines by 35% to 5,080 units in June
The automaker sold 7,834 units in the domestic market in June 2022
 "Honda Cars' domestic wholesales declines by 35% to 5,080 units in June")
Royal Enfield total sales increases by 26% to 77,109 units in June
Domestic sales rose 34 per cent to 67,495 units compared to 50,265 units in the year-ago period, the bike maker said in a statement
 "Royal Enfield total sales increases by 26% to 77,109 units in June")
NTPC's captive coal mines production nearly doubles to 8.48 MMT in Apr-Jun
NTPC produced 4.27 MMT coal from its captive mines in Q1 FY23, the company said in the statement
 "NTPC's captive coal mines production nearly doubles to 8.48 MMT in Apr-Jun")
Nokia renews patent license agreement with Apple, covering 5G, other tech
The deal, which enables Apple to use the Finnish company's technology in its products, covers Nokia's inventions in 5G and other technologies
 "Nokia renews patent license agreement with Apple, covering 5G, other tech")
Sundaram-Clayton picks up additional stake in Emerald Haven Realty Ltd
In 2022-23, Emerald Haven Realty generated a turnover of Rs 22.59 crore with a loss of Rs 41.84 crore, Sundaram-Clayton said in a regulatory filing
 "Sundaram-Clayton picks up additional stake in Emerald Haven Realty Ltd")
SC to decide if resolution professionals can be tried under Corruption Act
A SC vacation bench of Justices A S Bopanna and Prashant Kumar Mishra issued the notice to the CBI on a plea challenging the April 5 order of the high court
 "SC to decide if resolution professionals can be tried under Corruption Act")
HDFC Bank starts rebranding HDFC Ltd offices, branches after merger
Branding at all over the 500 offices and branches of the home loan major started getting the HDFC Bank look from Saturday morning onwards, officials said
We've become language agnostic: PVR on growing market of non-English films
"Past Lives", by first time director Celine Song, is an English-Korean relationship drama that has earned rave reviews with critics hailing it as one of best movies of the year
 "We've become language agnostic: PVR on growing market of non-English films")
Maruti Suzuki reports 2% rise in retail sales at 159,418 units in June
Sales of mid-sized sedan Ciaz increased to 1,744 units as compared with 1,507 units in June last year
 "Maruti Suzuki reports 2% rise in retail sales at 159,418 units in June")
Hyundai Motor reports 5% rise in retail sales at 65,601 units in June
Domestic sales rose 2 per cent to 50,001 units last month from 49,001 units in the year-ago period, the company said in a statement
 "Hyundai Motor reports 5% rise in retail sales at 65,601 units in June")
Sebi penalises promoter entity of ZEEL for certain disclosure lapses
The regulator had conducted an examination of trading in ZEEL shares by the entity to ascertain any possible violations of insider trading norms during the period from January 1 to December 26, 2019
 "Sebi penalises promoter entity of ZEEL for certain disclosure lapses")
Toyota Kirloskar reports 19% rise in retail sales at 19,608 units in June
Domestic dispatches stood at 18,237 units while overseas shipments rose to 1,371 units last month
 "Toyota Kirloskar reports 19% rise in retail sales at 19,608 units in June")
MG Motor India reports 14% increase in retail sales at 5,125 units in June
In the second quarter (April-June) of 2023 , the company said its sales were at 14,682 units as against 10,519 units in the year-ago period, a growth of 40 per cent
 "MG Motor India reports 14% increase in retail sales at 5,125 units in June")