Page 1703 of Corporate Markets Archives

Retired IAS officer Praveen Kumar to head national mineral index panel

The NMI will determine the value of the minerals that will form the basis for calculation of royalty and other…

July 23, 2021 07:00 IST

Nuclear power has an important role in climate change equation: GE

From India’s point of view, nuclear will play an important role. Massive renewable capacity is being added in India and…

July 23, 2021 06:45 IST

Speaking to FE, an official of the state government said the loan amount would be made available in lieu of securitisation. With the additional availability of financial resources, the purchase of land and other work will be accelerated. (Representative image)

Meerut-Prayagraj Ganga Expressway: Yogi govt to seek Rs 4,480 crore loan

The process of purchasing land for the Ganga Expressway, which is to be built from Meerut to Prayagraj, is going…

July 23, 2021 06:30 IST

Future Group taking contrary positions after deal, Amazon tells Supreme Court

Future Group has been instrumental in deciding the key terms and conditions of the deal, which included a provision for…

July 23, 2021 05:00 IST

Blackbuck joins unicorn club with fresh funding of $67 million

While traditional businesses were severely impacted during the Covid-induced lockdowns, tech-driven logistics start-ups were better placed to run their operations.

July 23, 2021 03:45 IST

HUL’s net profit rises 10% to Rs 2,061 crore in Q1; recovery led by rural demand

While demand was impacted both in urban and rural markets, the recovery has been led by rural demand, which is…

July 23, 2021 03:00 IST

Capacity creation will help us grow in south, east markets: Ramco Cements

PR Venketrama Raja, chairman and MD, Ramco Cements, said its new capacities, coupled with a strong and growing distribution network,…

July 23, 2021 02:45 IST

CSB Bank Q1 net rises 14%; asset quality deteriorates

CVR Rajendran, managing director and CEO, said the bank is confident of managing NPAs as the challenges are mainly from…

July 23, 2021 02:30 IST

“Introduction of CBDC has the potential to provide significant benefits, such as reduced dependency on cash, higher seigniorage due to lower transaction costs, reduced settlement risk,” Shankar said while addressing an event organised by Vidhi Centre for Legal Policy.

Central Bank Digital Currency: RBI evaluating running pilots for digital currency

A CBDC is a form of virtual currency that is issued by a central bank as an alternative to cash.…

July 23, 2021 02:15 IST

“Combined ratio stood at 121.3% in Q1FY2022 compared to 99.7% in Q1FY2021, primarily driven by Covid-19 pandemic during the quarter. The combined ratio includes Covid-19 impact on health book of Rs 6.02 billion in Q1FY2022 as against Rs 0.20 billion in Q1FY2021 and Rs 3.39 billion in FY2021,” the filing said.

ICICI Lombard Q1 net dives 62% on Covid claims

Gross premium written during the April-June period grew 12.18% y-o-y to Rs 3,807.56 crore as against Rs 3,394.21 crore in…

July 23, 2021 02:00 IST

Net NPA as a percentage of gross advances stood at 5.05%, against 4.71% in the preceding quarter and 3.09% in the first quarter of FY21. Fresh slippages in the quarter were seen at Rs 879 crore.

South Indian Bank’s June quarter net plunges 88%

Bad loans increased substantially with gross non-performing assets (NPA) as a percentage of gross advances being reported at 8.02%, compared…

July 23, 2021 01:15 IST

Rising input costs: EPC contractors seek fixed-price contracts with steel firms

According to India Ratings, the average domestic steel prices surged 26% y-o-y in FY21 and 23.5% in Q1FY21. The prices…

July 23, 2021 01:00 IST

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