Business  /  Published 02.12.21

Kotak bid to revive McNally Sayaji fails

The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by Kotak Mahindra Bank along with a director of debt-ridden McNally Sayaji Engineering Ltd (MSEL) to set aside insolv...
By PTI in New Delhi

Business  /  Published 02.12.21

Chip shortage hits car sales

Chip shortage impacted car sales in the country during the festive season with Maruti Suzuki reporting a total sales of 139,184 units in November 2021, down 9.2 per cent year-on-year. The auto maker h...
By Our Special Correspondent in New Delhi

Business  /  Published 30.11.21

LIC allowed to hike Kotak Bank stake

Kotak Mahindra Bank on Monday said that Life Insurance Corporation (LIC) has received permission from the Reserve Bank of India to raise its stake in the private sector lender to 9.99 per cent. The l...
By Our Special Correspondent in Mumbai

Business  /  Published 19.11.21

Paytm nightmare debut

Paytm’s rout on debut fanned concerns about the fate of the IPO market which has attracted frenzied investment from people who have been fretting over paltry returns from traditional avenues of ...
By Our Special Correspondent in Mumbai

Business  /  Published 10.11.21

Eight-fold rise in M&M profit

Homegrown auto major Mahindra & Mahindra on Tuesday reported an over eight-fold increase in its standalone profit after tax at Rs 1,432 crore for the second quarter ended September 30, 2021, ridin...
By Our Bureau in New Delhi


Business  /  Published 27.10.21

Axis Bank net at Rs 3382cr

Axis Bank on Tuesday reported a net profit of Rs 3,382.78 crore on a consolidated basis for the September quarter, driven by lower loan provisions as asset quality improved.  The third larg...
By PTI in Mumbai

Business  /  Published 26.10.21

TechM profit rises 26%

Software exporter Tech Mahindra (TechM) on Monday reported a 26 per cent increase in its September quarter net profit at Rs 1,338.7 crore and expects to maintain the trajectory.  The company had...
By PTI in Mumbai, New Delhi

Business  /  Published 18.10.21

Bevy of models for festive season

Manufacturers across the automobile spectrum launched new models and variants to woo customers during the festive season amid a sharp drop of 40 per cent in September sales. Hero MotoCorp launched th...
By Anasuya Basu in Calcutta

Business  /  Published 27.09.21

Altigreen electric vans in Calcutta

Bangalore-based EV manufacturing company Altigreen has launched its large-format electric three-wheelers in Calcutta. The company has delivered the vehicles to Mahindra Logistics Limited.  The c...
By Anasuya Basu in Calcutta

Business  /  Published 23.09.21

Kotak gets IL&FS extension

The government has extended the term of Uday Kotak as non-executive chairman of IL&FS group by another six months. The extension was done through a gazette notification and it will see Kotak rema...
By Our Special Correspondent in Mumbai


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