Company News

HDFC Bank's LDR falls below 100% for the first time after merger

HDFC Bank's LDR was around 87 per cent pre-merger. Following the merger, its LDR went up to 110 per cent

Bank of India eyeing to sell stressed loans in Simbhaoli Sugars, Visa Steel

The anchor bid for the asset put up for sale would translate into a recovery of around 54.5 per cent for the lender

Adani Wilmar to expand FMCG portfolio, emulates ITC post-Adani group exit

Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant edible oil business as a foundation for FMCG growth

Karur Vysya Bank now operates 475 branches, including 2 new ones in TN

According to a press release, during the current financial year, the company has added 28 new branches, taking the overall presence of the banking network to 866 across the country

Anarock to double office leasing team amid rising demand for workspaces

In an interview with PTI, Peush Jain, Managing Director, Commercial Leasing and Advisory at Anarock, said the office leasing team has grown to 50 professionals across India

NHAI prepays Rs 56,000 cr to lenders in FY25 to save Rs 1,200 cr interest

NHAI's total debt at the beginning of the current fiscal year was pegged at Rs 3.35 trillion, which stood at about Rs 2.76 trillion at the end of third quarter of 2024-25 fiscal year

River targets retail expansion in India with 25 new stores by March 2025

Bengaluru-headquartered company inaugurated its first store in Coimbatore, the second such facility in Tamil Nadu after the first outlet in Chennai, which was established in 2024

Unmarried couples no longer welcome, OYO changes check-in policy

Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in, including for bookings made online

Nayara Energy to expand retail network by adding one fuel station per day

With over 6,500 petrol pumps, it caters to the need for reliable and safe mobility across the length and breadth of the country

OfBusiness plans to invest Rs 3000 cr in next 3 yrs to ramp up steel biz

OfBusiness also plans to get into new categories such as pre-painted galvanised iron (PPGI) adding onto thermo-mechanically treated (TMT) bars and structures

CCI dismisses allegations of 'abuse of dominance' against Coal India

The case, filed by a Kolkata-based individual, claimed that Coal India's 2022 e-auction scheme replaced its earlier spot e-auction scheme 2007 with terms allegedly unfair to buyers

Adani Wilmar sees 6% rise in sales volume in Q3, revenue grows 33%

Adani Group recently announced its exit from the joint venture by divesting its entire 44 per cent stake to Wilmar group as well as open market sale

Committed to turning Air India into top-class airline: Tata Sons chairman

Tata Group acquired Air India in 2022 after the government had signed a share purchase agreement with Tata Sons for the sale of Air India for Rs 18,000 crore

Kirloskars challenge Sebi letter asking family settlement deed disclosure

In a joint statement, the Kirloskar companies said they have filed the appeal before SAT challenging the Sebi letter dated December 30, 2024

HDFC Bank to acquire up to 9.5% in Kotak Mahindra and AU, Capital SFBs

RBI has given approval to HDFC Bank and its group companies to collectively acquire up to 9.5 per cent of paid-up share capital or voting rights in Kotak Mahindra Bank, AU Small Finance Bank

Powering AI dreams: Microsoft bets $80 billion on data centre revolution

To strengthen its AI infrastructure and expand its data centre footprint, Microsoft has already committed significant financial resources

Reliance Industries raises $3 bn from 11 banks in dual-currency loan deal

The five-year loan was finalised last month at 120 basis points above the three-month Secured Overnight Financing Rate (SOFR), with $450 million denominated in Japanese yen

Hindustan Unilever in talks to buy skincare brand Minimalist for Rs 3K cr

The brand that came into being in 2020 is known for its ingredient-based skincare products. It had raised funds in its series A from Unilever Ventures, and Sequoia Capital India

Bank of Baroda to UCO Bank: Loan growth of banks picks up pace in Q3

Meanwhile, Yes Bank reported a marginal contraction in deposits during the October-December period (Q3FY25) over the previous quarter

Dabur expects muted revenue growth in Q3; Marico upbeat on top line growth

The maker of Hajmola candy and Real fruit juice said rural consumption continued to be resilient and grow faster than urban in the third quarter