Mahindra Lifespaces. Photo: wikipedia.org Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has said it was planning to invest around Rs 6,000 crore in residential business over the next four years. The move is to drive its business growth, which is targeted to increase fivefold… Continue reading Mahindra Lifespace to invest Rs 6,000 crore in residential business by FY28 | Company News
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Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised | News on Markets
Premium The minimum application size for SME issues is around Rs 1 lakh, compared to Rs 15,000 for the mainboard issues The initial public offerings (IPOs) by small and medium enterprises firms hit a new high in the financial year 2023-2024 (FY24). In this fiscal year, data from the Prime Database showed that 190… Continue reading Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised | News on Markets
Adani Ports, PSA, JSW sets sight on Rs 7,000 crore Tuticorin project | Economy & Policy News
A Rs 7,056 crore outer harbour project by VO Chidambaranar (VOC) Port in Tuticorin is garnering interest from domestic and global majors in the sector, such as Adani Ports and Special Economic Zone, Singapore’s PSA International, Dutch major Van Oord, JM Baxi, and JSW, among others, according to sources close to the development. … Continue reading Adani Ports, PSA, JSW sets sight on Rs 7,000 crore Tuticorin project | Economy & Policy News
Bajaj Auto to invest over Rs 3,000 crore in finance arm BACL: Official | Company News
Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto is ramping up its wholly-owned captive finance subsidiary Bajaj Auto Credit Ltd (BACL) and plans to invest more than Rs 3,000 crore over financial years 2024-25 and 2025-26, a senior company official said. Rajiv Bajaj, managing director of Bajaj Auto Ltd, said that BACL has already… Continue reading Bajaj Auto to invest over Rs 3,000 crore in finance arm BACL: Official | Company News
India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales
Illustration: Ajay Mohanty Chennai-based India Cements has recorded a net loss of Rs 74 crore for the first quarter of FY24, following a decrease in sales and revenue. The company registered a net profit of Rs 84 crore during the same quarter in FY23. Its revenue from operations for the quarter under review… Continue reading India Cements posts net loss of Rs 74 crore in Q1 due to dip in sales
Consolidated net profit falls 7% to Rs 318 crore
Illustration: Ajay Mohanty The consolidated net profit of Godrej Consumers Product Limited for the first quarter of the current financial year (Q1FY24) saw a fall of 7.62 per cent to Rs 318.82 crore, compared to Rs 345.12 crore for the corresponding quarter of the previous year, the company said in a BSE filing. … Continue reading Consolidated net profit falls 7% to Rs 318 crore
HDFC Bank’s Jagdishan highest-paid bank CEO in FY23, gets Rs 10.55 crore
Sashidhar Jagdishan, MD and CEO of HDFC Bank HDFC Bank’s Sashidhar Jagdishan has emerged as the highest-paid bank chief executive in financial year 2022-23, grossing over Rs 10.55 crore in overall pay. Amitabh Chaudhry of Axis Bank drew Rs 9.75 crore payout and was the second highest paid bank CEO. He was… Continue reading HDFC Bank’s Jagdishan highest-paid bank CEO in FY23, gets Rs 10.55 crore
Enkash expects business to grow by 36% to Rs 250 crore this fiscal
Illustration: Ajay Mohanty Fintech firm Enkash expects its business to grow by 36 per cent to USD 30 million, about Rs 250 crore, in this fiscal on account of digitisation in small and medium business in the accounting segment, a senior official of the company said. Ascent Capital-backed Enkash founder Hemant Vishnoi told… Continue reading Enkash expects business to grow by 36% to Rs 250 crore this fiscal
Punjab & Sind Bank Q1 net profit falls 25 pc to Rs 153 crore
Public sector lender Punjab & Sind Bank on Saturday reported a 25 per cent decline in net profit to Rs 153 crore for the June 2023 quarter, partly due to the provision of wage revision and fresh slippages. The lender had reported a net profit of Rs 205 crore in the April-June quarter… Continue reading Punjab & Sind Bank Q1 net profit falls 25 pc to Rs 153 crore
India records 77 new COVID-19 cases; infection tally stands at 4.49 crore
India has logged 77 fresh COVID-19 cases while the active cases were recorded at 1,553, according to the Union health ministry data updated on Saturday. The country’s death toll has been recorded at 5,31,918, the data updated at 8 am stated. The infection tally has been recorded at 4.49 crore (4,49,95,933) and… Continue reading India records 77 new COVID-19 cases; infection tally stands at 4.49 crore