Page 353 - Company News

MTNL defaults on Rs 8,346 crore loans from seven public sector banks

The total debt on the company comprises Rs 8,346 crore bank loan, Rs 24,071 crore sovereign guarantee (SG) bond, and loan of Rs 1,151 crore from Department of Telecom

Pacific Group to build 1.5 mn sq ft mall, hotel in Jaipur by 2027

Pacific Group will also build a hotel comprising 130 rooms, he said, adding that the hotel will be managed by some hospitality chain

Sebi finds only 2-3 labourers, no EV production at Gensol's Pune unit

When probed by Sebi regarding the basis of such valuation of Rs 350 crore, Gensol failed to submit any explanation or rationale

Tempo collides with parked IndiGo plane at Bengaluru airport; none injured

Some reports suggested that the driver dozed off which resulted in the collision. However, IndiGo, in a statement, said the investigation is underway

NSE adds 8.4 mn new demat accounts in FY25, Groww, Angel One drive growth

At the forefront of this growth are two digital brokerages -- Groww and Angel One -- which together accounted for over 57 per cent of these net additions

BHEL's revenue up 19% at ₹27,350 cr in FY25, records highest order inflows

With this, BHEL's total order book at the end of FY 202425 stood at ₹195,922 crore, it stated

Microfinance firm Satin Creditcare expects 10-15% loan growth in FY26: CMD

The stress in the microfinance sector is settling down and it should take one or two quarters for things to get normal depending on the individual entity, he said

NIIT to acquire remaining shares of IFBI, make it wholly-owned arm

NIIT holds 80.72 per cent stake in IFBI, and post the aforesaid acquisition, IFBI will become its wholly owned subsidiary, the filing stated

ICICI Bank's Q4FY25 results: Net profit up 18% to Rs 12,630 crore

On a consolidated basis, the bank's net profit grew 15.7 per cent to Rs 13,502 in Q4FY25 from Rs 11,672 crore in Q4FY24

HDFC Bank Q4 results: Profit rises 6.6% to Rs 17,616 core

The country's biggest private sector lender had earned a net profit of Rs 16,512 crore in the same quarter a year ago.

Yes Bank's Q4FY25 results: Net profit up 63.3% Y-o-Y at Rs 738.1 crore

Net interest income grew by a mere 5.7 per cent to Rs 2,276 crore during the quarter

HDFC Bank's Q4FY25 results: Net profit up 6.7% aided by lower provisions

The bank's NII was up a little over 10 per cent Y-o-Y at Rs 32,065.8 crore in the reporting quarter

Delhivery, Ecom Express seek CCI nod for their Rs 1,400-crore deal

Mergers and acquisitions beyond a certain threshold mandatorily require the approval from CCI, which keeps a tab on anti-competitive practices and promotes fair competition in the market place

ICICI Bank Q4 results: Net profit up 15.7% at Rs 13,502 cr, NII up by 11%

The core net interest income moved up 11 per cent to Rs 21,193 crore, from the year-ago period's Rs 19,093 crore

New India Co-operative Bank case: Depositors push for revival or merger

Mumbai Police has so far arrested eight persons in connection with the Rs 122 crore New India Cooperative Bank embezzlement case

Network18 Media posts Q4 net loss of Rs 29.09 cr, revenue at Rs 561.32 cr

Its results are not comparable with the year-ago period due to the merger of its subsidiary Viacom18 with Star India

More layoffs: Infosys fires 240 trainees, offers free skill training

The first round of terminations happened in February when the company let go of 320 trainees on similar grounds

Tesla owner files class-action suit over warranty-voiding odometers

A Tesla owner is suing the company, claiming odometers were altered to end warranties faster, and is seeking a class-action lawsuit for all affected drivers

Just Dial FY25 net profit up 61% to Rs 584 crore; revenue rises 9.5%

Revenue for FY25 was Rs 1,141.9 crore, reflecting a 9.5 per cent growth over FY24

From 96% holding to a sliver: How Gensol promoters made swift exit

Sebi order alleges misleading disclosures, fraudulent trades, fund diversions helped promoters offload their stake onto unsuspecting investors