Jaina Group joins hands with Japanese companies Sansui and Nakamichi to broaden its reach in India

Jaina Group, the Delhi based business conglomerate with interests in telecom and consumer durables has joint hands with the Japanese consumer electronics giants – Sansui and Nakamichi. This will... Read more »

IIFL Holdings consolidated profit shoots 23% to Rs 1,252.90 crore in fiscal year 19, revenue up 16%

IIFL Holdings on Wednesday achieved a 23 per cent year-on-year growth in consolidated profit after tax (PAT pre-minority) at Rs 1,252.90 crore for the financial year 2018-19, backed by... Read more »

RBI’s Deputy Governor R. Gandhi as additional director on Yes Bank’s board

Yes Bank disclosed in a regulatory filing on Tuesday that the banking regulator has appointed former RBI Deputy Governor R. Gandhi as an additional director on its board. The... Read more »

Larsen and Toubro acquires 1,168 shares of Mindtree via open market

Infrastructure major Larsen and Toubro (L&T) has acquired 1,168 shares of Mindtree from the open market, taking its expanding its holding in the mid-sized IT company to 25.94 per... Read more »

Citigroup to increase visibility in India with Paytm tie-up

India’s top digital payments firm Paytm on Tuesday has started a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its... Read more »

Passenger vehicle sales drop 17 percent in April, worst dip since 8 years

Passenger vehicle (PV) sales in India dropped by 17.07 percent in April, the sharpest decline since October 2011, as weak customer sentiment led by liquidity crunch, uncertainty revolving elections... Read more »

BSE gets certified with International Standard for Business Continuity Management System, India’s first Indian stock exchange to do so.

BSE, Asia’s oldest exchange and currently the world’s fastest exchange with the speed of 6 microseconds has become India’s first ever stock exchange to get certified with International Standard... Read more »

HDFC’s net profit dips 12% to Rs 9,632.46 cr for the March quarter

Housing Development Finance Corporation (HDFC) reported a standalone net profit of Rs 9,632.46 crore during the financial year 2018-19. The housing finance company had posted a net profit after... Read more »

Avenue’s Supermarts Q4 y-o-y net profit growth hits 21.4%, numbers in line with Street estimates

Avenue Supermarts, which heads the DMart chain of stores in the country, achieved a 21.4 per cent year-on-year net profit growth and a 32.1 per cent year-on-year revenue growth for the... Read more »

Impending crisis to be seen in the NBFC sector, says corporate affairs secretary

There is a turmoil in the non-banking financial companies (NBFCs) sector as inefficiencies by some large entities and credit squeeze present a perfect recipe for disaster, a senior government... Read more »