Bandhan Bank, a prominent private sector lender, announced its financial results for the first quarter of FY25 on July 26, showcasing a robust performance across various key metrics despite challenging market conditions. Q1 FY25 Financial Performance Bandhan Bank recorded a notable 47.5% year-on-year (YoY) rise in net profit, amounting to Rs. 1,063.5 crore for the …
Chennai-based conglomerate Shriram Group has received in-principle approval from the Reserve Bank of India (RBI) to enter the asset reconstruction (ARC) business which aligns with the group’s expansion strategy that also includes a foray into the wealth management sector. Expansion Plans Umesh Revankar, Executive Vice-Chairman of Shriram Finance, confirmed the approval and highlighted that both …
Colgate-Palmolive (India) Ltd (CPIL), a major player in the FMCG sector specializing in oral and personal care, is currently dealing with a significant tax demand. The company has received a notice amounting to Rs.248.74 crore from the Income Tax Authority, citing issues related to transfer pricing. Details of the Notice The tax demand pertains to …
Introduction Remedium Lifecare Ltd., formerly known as Roxy Exports Limited, has made significant strides in expanding its technological and supply capabilities. The company recently entered into a strategic agreement with Angel Partners, Ltd., UK, and signed a supply agreement with Alfa Chemicals and Solvents Ltd., Turkey. These partnerships aim to enhance the manufacturing and supply …
Shares of AIA Engineering Ltd. saw a notable surge on Monday following the company’s announcement that it will consider a proposal to buy back its equity shares on August 7. This announcement marks a significant event for the company, as it would be the first-ever buyback in its history. Until now, AIA Engineering has consistently …
Tata Motors is in a legal dispute over transferring pension funds with the Employees’ Provident Fund Organisation (EPFO). Tata Motors Pension Fund Management Tata Motors, which manages its own exempted pension fund, wanted to give up this exemption and move its employee provident fund to the EPFO. However, the EPFO asks for detailed documentation and …
On July 27, 2024, PVR INOX Limited informed via a stock exchange filing that they had formed ‘Devyani PVR INOX Private Limited’ in partnership with Devyani International Limited. This company will focus on developing and operating food courts in shopping malls across India. PVR INOX Limited and Devyani International Limited will hold shares in Devyani …
Bharat Heavy Electricals Ltd (BHEL) is an integrated power plant equipment manufacturer involved in the design, engineering, manufacturing, erection, testing, commissioning, and servicing of a diverse range of products and services. These cater to core sectors of the economy, including power, transmission, industry, transportation, renewable energy, oil & gas, and defense. BHEL receive order worth …
The Industrial Credit and Investment Corporation of India (ICICI) Bank is India’s second-largest private sector bank and an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized …
Ashok Leyland is set to unlock the full potential of its vehicle finance arm, Hinduja Leyland Finance (HLF), through a reverse merger with NXTDigital, a listed media company within the Hinduja Group. The company aims to complete this process by the end of the current financial year. Dheeraj Hinduja, chairman of Ashok Leyland, emphasised the …
