Home »
Nobuaki Kurumatani will be replaced as chief executive and president by his predecessor, Satoshi Tsunakawa, who remained on the board, first as COO and currently chairman. The president of Toshiba Corp. stepped down April 14, a week after the the Japanese technology and manufacturing giant said it was studying an acquisition proposal from a global fund where he previously worked. […]
Read more
India stopped importing oil from Iran in mid-2019 following sanctions on the Persian Gulf nation by the Trump administration India will look to resume buying crude oil from Iran the moment U.S. sanctions are eased, helping it diversify its import basket, a senior government official said. India stopped importing oil from Iran in mid-2019 following sanctions on the Persian Gulf […]
Read more
No capital needed from Centre: MD Bank of Maharashtra is pursuing plans to grow footprint by opening a branch each in 320 districts across the country, where it now has no presence, by next fiscal. By this fiscal, 135 such districts are to be covered and the remaining, in 2021-22 as part of a hub-and-spoke model involving the branch and […]
Read more
Why was an auction needed now? Wasn’t this for the 5G rollout? The story so far: Tuesday saw the end of India’s first auction of telecommunications spectrum in five years, with the government generating a revenue of ₹77,815 crore from the exercise. Mukesh Ambani-led Reliance Jio accounted for close to 60% of the spectrum bought, followed by Bharti Airtel and […]
Read more
The two promoter entities are IndusInd International Holdings Limited and IndusInd Limited. Hinduja Group’s IndusInd Bank has received ₹2,021 crore equity from the promoters after the conversion of preferential warrants into equity shares. “The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. The Promoter entities had paid ₹673 crore at […]
Read more
Ex-energy secretary: Texas storm shuttering green energy ‘avoidable tragedy’ Former U.S. Energy Secretary Dan Brouillette argues the situation in Texas following a storm shows the importance of having ‘a diverse energy supply.’ More than 4 million Texans are reported to be without power Tuesday as temperatures remain well below freezing across the state, leaving residents scrambling for warmth. Continue Reading Below […]
Read more
The company had reported a net profit of ₹ 905.13 crore in the October-December period of the previous fiscal. The country’s largest two-wheeler maker Hero MotoCorp has posted 13.7 % increase in its consolidated profit after tax at ₹ 1,029.17 crore for the third quarter ended December 31, 2020. The company had reported a net profit of ₹ 905.13 crore […]
Read more
It also sought a note from the coal producing company Unhappy over Coal India arm Central Coalfields Ltd (CCL) in Jharkhand hiring machinery worth ₹ 859 crore in a year, a parliamentary panel has sought reasons behind such a move when its own equipment were not utilised fully. The 22-member panel headed by BJP MP Meenakshi Lekhi while tabling its […]
Read more
Interest income was down by 4.5% at ₹3,602.59 crore, however, other income moved up by 16.3% to ₹864.38 crore. State-owned UCO Bank on January 25 reported a net profit of ₹35.44 crore in the third quarter ended December of the current fiscal year due to substantial fall in bad loans leading to lowering in provisioning requirements. The Kolkata-headquartered lender had […]
Read more
They urge Centre to ensure price competitiveness if Chinese gear is barred. Telecom firms have asked the government to clarify about the entity that will be held liable in the event of a security breach in the network post implementation of the National Security Directive (NSD) in the telecom sector, according to sources aware of the development. Telecom operators have […]
Read more