A Default of Epic Proportions The affected lenders include Union Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Indian Overseas Bank, Punjab & Sind Bank, and Bank of India. The largest defaulted amount was towards Union Bank at Rs 3,733.2 crore, followed by IOB at Rs 2,434.1 crore. MTNL also owed […]
HDFC Life Insurance Q1 Results: A Review of the Numbers HDFC Life Insurance Co., one of India’s leading life insurance companies, has released its Q1 results, showcasing a strong performance for the April-June quarter.
Edible Oil Segment Drives Growth The edible oil segment has been the primary driver of growth for AWL Agri Business, recording a 26% rise in revenue to Rs 13,415 crore. This segment now contributes around 79% of the company’s total revenue and 61% of the volume mix.
HDB Financial Services Q1 Results: Profit Slips Amidst Net Interest Income Surge HDB Financial Services Ltd., the recently listed non-banking financial company, has reported a 2.4% year-on-year decline in net profit for the first quarter of this financial year. The company recorded a consolidated net profit of Rs 568 crore for the quarter ended June,
Bank of Maharashtra’s Q1 Results: A 23% Surge in Net Profit to Rs 1,593 Crore India’s public sector lender, Bank of Maharashtra, has announced its quarterly results for the period ended June, posting a 23% surge in its net profit to Rs 1,593 crore. This significant growth in net profit is attributed to a decline
Nifty Snaps Four-Session Decline, Sensex Follows Suit The Indian stock market saw a turnaround on Tuesday, with the Nifty and Sensex closing higher after four consecutive days of losses. The Nifty 50 ended 113.5 points or 0.45% higher at 25,195.8, while the BSE Sensex closed 317.45 points or 0.39% up at 82,570.91.
ICICI Lombard’s Q1 Results: A 29% Rise in Profit to Nearly Rs 750 Crore ICICI Lombard General Insurance Co., one of the leading insurers in India, has announced its Q1 results, showcasing a significant 29% rise in net profit to nearly Rs 750 crore.
KPI Green Energy Bags 150 MW Wind Power Projects in Gujarat KPI Green Energy Ltd., the solar and hybrid vertical of KP Group, has received a letter of intent (LoI) to set up wind power projects with a total capacity of 150 megawatt (MW) in Gujarat. The LoI has been awarded by Gujarat Urja Vikas
A Brief Overview of the Scheme The VCF Settlement Scheme 2025 has been proposed to provide an opportunity to VCFs to settle actions arising out of having schemes whose liquidation periods have expired but not wound up and that continue to hold the unliquidated investments, and have completed the migration. The scheme will end on
Bitcoin’s Record Rally Triggers Profit Taking Bitcoin, the world’s largest cryptocurrency by market value, has been on a tear lately, surging to a record high of $123,205 on Monday. However, the rally was short-lived, as the cryptocurrency pulled back, declining as much as 3.2% to trade at $116,925 as of 8:29 a.m. in New York
