LiveIrdai Starts Process to Find Successor to Chairman Khuntia
The Insurance Regulatory and Development Authority (Irdai) on Friday started the process to find a successor to Subhash Chandra Khuntia, inviting applications for the post...
Category : BUSINESS
Motherson Sumi Group Restructuring Gets Shareholders’ Nod
Motherson Sumi Systems Ltd on Friday said that the public shareholders (non-promoter) have voted in favour of the proposal with an overwhelming majority, thus paving...
LIC Books Record Profit of Rs 37,000 Crore From Share Sale
Life Insurance Corporation of India (LIC) booked a record Rs 37,000 crore profit from share sales in 2020-21, the highest in its 65-year history, as...
AU Small Finance Bank’s Q4 Gives No Comfort
Investors who picked up AU Small Finance Bank Ltd shares at its qualified institutional placement (QIP) last month have got a sour deal. Shares of...
IDFC First Bank Cuts Savings Interest Rate to Up to 4%
IDFC First Bank has cut the interest rate on savings accounts from 6 per cent to 4-5 per cent for a minimum account balance above...
Route Mobile to Buy AI Firm Phonon for Rs 29 Crore
Communication platform company Route Mobile will acquire AI platform provider Phonon Communications Pvt Ltd in an all-cash deal for Rs 29 crore, to offer automation...
Wipro Raises Q1 Revenue Growth Guidance Post Capco Acquisition
Post completion of Capco acquisition on 29 April, Wipro Ltd has raised its flagship IT services revenue growth guidance for the June quarter to 8-10...
HUL Q4 Profit Jumps to Rs 2,143 Crore
HUL reported a 41 per cent jump in net profit to Rs 2,143 crore for the quarter ended 31st March 2021, boosted by 16 per...
Tatas Acquisition of BigBasket Gets CCI Nod
The Competition Commission of India (CCI) has approved the acquisition by Tata Digital Limited of up to 64.3 per cent of the total share capital...
Bad Bank to Get Rs 2 Lakh Crore of Defaulting Companies Loans
The Indian Banks’ Association (IBA) has requested users to recognize big financial loans wherever they are guide bankers and get acceptance from colenders so that...