On August 13, 2024, Sundaram Finance Limited (SFL) announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, showcasing significant growth and continued operational excellence. Standalone Performance Highlights For Q1FY25, Sundaram Finance reported a 7% increase in disbursements, totalling ₹6,908 crore compared to ₹6,489 crore in Q1FY24. The company’s assets …
HDFC Bank and ICICI Bank are titans in India’s banking sector, holding the top two positions in terms of market capitalisation. As of August 13, 2024, HDFC Bank leads with a market cap of ₹12,26,416.43 crore, while ICICI Bank follows with ₹8,27,982.53 crore. This article compares their financial performance for the quarter ending June 30, …
Muthoot Microfin, a leading microfinance lender, is actively negotiating with two European investors to secure $50 million in external commercial borrowing (ECB). The lender is aiming to reduce its overall funding costs and subsequently pass on the interest rate benefits to its bottom-of-the-pyramid customers. Sadaf Sayeed, the chief executive of Muthoot Microfin, indicated that the …
On Monday, the Delhi High Court issued a stern directive to the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to expedite their investigations into the alleged fraudulent activities perpetrated by Max Life Insurance and Max Financial Services. A bench led by acting Chief Justice Manmohan rejected a petition …
L&T Technology Services (LTTS), a global leader in engineering, digital, and research and development services, has entered into a long-term strategic partnership with Shell, one of the world’s largest energy companies. Under this multi-year framework agreement, LTTS will provide comprehensive engineering and procurement services, along with advanced digital solutions, data governance, and project management consultancy …
On August 12, 2024, Wardwizard Innovations & Mobility Limited announced that its Board of Directors approved an investment of up to 1,00,000 Singapore Dollars (SGD) in its wholly-owned subsidiary, Wardwizard Global PTE. LTD. Wardwizard Global PTE LTD is based in Singapore. Wardwizard Global PTE LTD has a paid-up capital of 10,000 ordinary shares, each valued …
On August 12, 2024, JSW Steel Limited announced a significant strategic move in the global mining sector. The company’s Board of Directors approved the acquisition of up to 66.67% economic interest in M Res NSW HCC Pty Ltd (M Res NSW) through its wholly owned subsidiary, JSW Steel (Netherlands) B.V. This investment involves an initial …
Inox Wind Limited, a pioneer in wind energy solutions, has secured a significant 51 MW order from Everrenew Energy Private Ltd, a prominent player in the commercial and industrial (C&I) sector. This contract entails the supply of IWL’s cutting-edge 3 MW Wind Turbine Generators (WTGs), underscoring the company’s technological prowess. Furthermore, Inox Wind will extend …
Jindal Stainless, India’s premier stainless steel manufacturer, has achieved a significant milestone by securing accreditation from BrahMos Aerospace Pvt. Ltd as a qualified vendor for the production and supply of steel sheets and plates from its Hisar plant in Haryana. This recognition comes after BrahMos conducted a rigorous quality and credentials assessment to select Jindal …
India’s leading corporate travel services provider and third-largest online travel company, Yatra Online, announced its financial performance for the Q1 FY2025. Q1 FY25 Highlights Revenue: Yatra reported revenue of ₹1,008 million, a 9% YoY decline primarily attributed to reduced B2C volumes due to optimised discounts in a highly competitive market. Corporate Growth: The company continued …
