The private lender's scheme of arrangement to delist ICICI Securities received approval from the subsidiary's public shareholders in a voting process last month.

The value of new business (VNB) declined 26.4% to 776 crore versus 1,055 crore in the corresponding quarter previous year. The company reported a 17% growth in net premium income to 14,788 crore against 12,629 crore in Q4FY23.

The company intends to design and develop the products in-house as it pitches to establish a homegrown brand in a market dominated by foreign labels. It had previously launched private label brand Reconnect, with products built by third parties.

The applicant (SS Infra) has proved before us that the outstanding operational debt is more than rupees one crore, which is due to the applicant by the respondent and that the respondent (Sadbhav Engineering) has defaulted in payment, said the division bench of judicial member Shammi Khan and technical member Sameer Kakar, in its order of April 22.

As per the blueprint being finalised, the group wants to power the new steel capacity additions by creating 4 gigawatts (GW) of renewable power sources in-house within the next couple of years, said the people. This would help the group reduce carbon emissions and produce green steel, they said.

Reliance Jio, India's leading telecommunications company, has achieved the remarkable feat of becoming the world's largest mobile operator in terms of data traffic consumption, surpassing China Mobile. According to global analytics firm Tefficient, Jio's network recorded a total traffic of 40.9 exabytes during the January-March quarter, outpacing China Mobile's 38 exabytes.

The Jammu-Reasi Lok Sabha constituency in Jammu and Kashmir, going for polls in the second phase this Friday, is once again set to witness a showdown between the current BJP MP Jugal Kishore Sharma and Raman Bhalla of the Congress, who was a runner up in the last Lok Sabha elections.

The government-promoted National Asset Reconstruction Company (NARCL) has raised 670 crore equity from existing shareholders and is in the process of raising 3,200 crore debt to support its plan to acquire 1 lakh crore of stressed assets. However, the bond issuance has faced challenges due to pricing differences between existing shareholders and the NARCL board. The ARC aims to raise funds through a five-year bond and fund-based limits but is negotiating the coupon rate with shareholders.

TS Inter Results 2024: Telangana State Board of Intermediate Education is set to announce the results for the TS Inter 1st and 2nd year exams soon. Over 9.8 lakh students appeared for the exams, conducted from February to March. To pass, students need to score at least 35% in each subject. The results can be checked on the board's official website and mobile app.

AU Small Finance Bank (AU SFB) has introduced several new products to boost fee income, including the AU SPONT Rupay Credit Card and Secured Credit Card - NOMO. The NOMO Credit Card is AU SFB's first secured credit card, backed by a Fixed Deposit (FD), offering rewards and benefits like airport lounge access and fuel surcharge waivers. AU SFB has also launched the AU 0101 Business App for proprietorships and MSMEs, and the AU 0101 Version 2.0 for enhanced mobile banking. Additionally, they have

RBI imposed restrictions on The Konark Urban Co-operative Bank in Ulhasnagar, affecting withdrawals. Depositors can claim up to Rs 5 lakh from DICGC. No withdrawals allowed without RBI permission, despite the bank's liquidity issues.

The Department of Telecom (DoT) is gearing up to hold the next round of spectrum auction on June 6 for eight spectrum bands (800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz) meant for mobile phone services at a base price of about Rs 96,317 crore.

Kia Motors' Indian subsidiary plans a 2025 EV launch. Hardeep Singh Brar questions India's 30% EV sales target by 2030, estimating 15-20%. EV sales rose 2% in 2023. Inflation, pricing, and sales challenges persist.

The Adjusted Gross Revenue (AGR) of India's telecom service sector rose by 1.88% to Rs 67,835 crore in the December 2023 quarter, according to Trai's data. Year-on-year, the AGR increased by 7.84%. Access services accounted for 82% of the total AGR, with Bharti Airtel's AGR increasing by 3.2% to about Rs 20,480.6 crore, Reliance Jio's AGR climbing 2.7% to Rs 24,862.85 crore, and Vodafone Idea's AGR dipping 0.65% to about Rs 7,459 crore. Public Sector Undertakings' share in the Access AGR was 3.8

Tata AIA Life Insurance Company Ltd. has crossed Rs 1 Lakh crore in assets under management (AUM). The company has doubled its AUM from Rs 50,000 crore (August 2021) to Rs 1 lakh crore in less than three years.

Mahindra Finance reported a fraud of approximately Rs 150 crore in its retail vehicle loan portfolio at one of its branches in the northeast. The fraud involved forgery of KYC documents and embezzlement of company funds. As a result, the company has deferred its board meeting to approve the financial results for the March quarter and 2023-24. Investigations are ongoing, and corrective actions are being implemented, including the arrest of some individuals involved.

Kanpur and Barabanki emerge as top cities for credit demand, beyond metros. BT100 cities dominate two-wheeler and auto loans, with public banks leading in auto and home loans. Festival spending boosts lending across various regions.

The Kolkata-based Kanorias previously controlled the twin companies of SIFL and Srei Equipment Finance Company till RBI superseded their boards over alleged mismanagement in October 2021 and subsequently initiated IBC proceedings. However, NARCL successfully acquired the companies under the Insolvency and Bankruptcy Code (IBC) initiated by RBI to resolve over Rs 32,000 crore debt of the NBFCs.

Volkswagen has unveiled two new variants of its Taigun SUV in India, offering enhanced features and a sportier driving experience. Priced competitively, these variants are expected to attract SUV enthusiasts in the country. The company aims to further expand its presence in the Indian market with these new offerings.

Integrated co-working firm EFC (I) Ltd plans to form an investment manager entity to manage assets and investments of SM REIT through a wholly owned subsidiary EFC Ltd. Others like Strata and WiseX are also taking similar steps. The companys board has approved a proposal to create a step-down subsidiary under EFC Ltd for acting as an investment manager to SM REIT.

Harnessing renewable energy has the potential to revolutionize food security in the mountainous Hindu Kush Himalayas region, experts, including from India, highlighted at a conference hosted by the International Centre for Integrated Mountain Development (ICOMOD). With rising temperatures posing risks to food security, experts emphasized the importance of embracing clean energy sources like hydro, solar, biomass, and wind to transform agricultural productivity.

The project holds a cumulative estimated development potential of 4.10 lakh sq ft carpet area with over over 2.15 lakh sq ft available for sale with a potential Gross Development Value (GDV) of over Rs 2,000 crore.

This service was piloted at about 51 stations during calendar year 2023. The program is being expanded with counters now operational at over 100 more stations, totaling nearly 150 counters. The initiative is slated for further growth, encompassing even more stations in the near future, the official added.

The University Grants Commission (UGC) has issued a warning regarding fake online programs masquerading as legitimate degrees. Specifically, they highlighted a 10-day MBA course, emphasizing that only recognized institutions have the authority to confer degrees. The UGC advised individuals to verify the validity of online programs before enrolling.

Haryana's real estate regulatory authority (HRERA) in Gurugram has fined Countrywide Promoters Private Limited Rs 50 lakh for a misleading advertisement about its Green Oaks project. The ad showed amenities not part of the project, like a club and other facilities, leading to confusion among potential buyers. Despite mandatory provisions under the Real Estate (Regulation and Development) Act 2016, the promoter did not describe the details properly, violating Section 61 of the Act. The project is

On October 19, 2023, Jio Financial and BlackRock Financial Management Inc. filed papers with markets regulator Sebi for launching a mutual fund business. As of March 2024, the application was under process for Sebi's in-principle approval.

IEA foresees 2024 as a groundbreaking year for electric car sales, especially in China. The global electric vehicle sector is poised for significant growth, driven by increasing investments in battery manufacturing and ambitious expansion plans by automakers.

How to get SBI home loan interest certificate online

UP-RERA fines homebuyer for repetitive complaints despite relief, impacting justice delivery. Misuse of legal process observed by NCR Bench Chairman. Sanjay Bhoosreddy stresses deterring unscrupulous complainants with heavy costs to ensure justice for genuine allottees.

Telecom industry's AGR grew 1.88% to Rs 67,835 crore in Oct-Dec. Bharti Airtel, Reliance Jio led the expansion. Trai data highlighted mobile services' significant contribution.

Price of gold up 21% in one year; check latest gold price

The Q1 2024 saw leasing of 16.7 million sq ft, strongest Q1 in the last five years and a 20% rise year on year. Office space absorption across Indias six major cities is likely to register another big year with expectations of around 61 mn sq. ft. in 2024.

Holding companies index significantly outperformed the benchmark indices over a longer investment horizon. Specifically, it was observed that the outperformance accelerates during the market boom, as was evidenced during the periods of 2017-18 and 2023-24 when the index nearly doubled in a span of a year.

JSW Neo Energy, Reliance Industries, Lucas TVS, ACME Cleantech, Amara Raja, Anvi Power, and Waaree Energies have participated in a production linked incentive (PLI) auction for new-age battery manufacturing capacity in India. The companies bid for a cumulative capacity of 70 Giga Watt hours (GWh), with sops available only for 10 GWh. Technical bids for Rs 3,620 crore of PLI were opened.

Reliance Industries Ltd and bp Plc approved for additional investments in KG-D6 gas reserves, aiming for a 4-5 million cubic meters daily production increase. The recent focus on gas production is evident in their strategies.

Discover Melbourne's rich cultural heritage by visiting Melbourne Museum, where you can explore history, heritage, and diverse perspectives. Engage with immersive exhibitions, cultural centers, and galleries to make your trip memorable and enriching.

The Bombay High Court declared public sector lenders ineligible to issue Look Out Circulars (LOCs) under Central government office memoranda. While deeming this practice as 'arbitrary', the court upheld the constitutionality of the Central government's office memoranda. The ruling nullified all LOCs issued by public sector banks.

Air India will add its 'AI' designator code on ANA's flights between Tokyo Haneda and Delhi as well as Tokyo Narita and Mumbai. ANA will add its 'NH' designator code on Air India's flight between Tokyo Narita and Delhi, a release said on Tuesday.

Icra forecasts Rs 25,000 crore investment by auto component industry in 3-4 years for electric vehicle parts, with a strong focus on enhancing EV production, localisation, and addressing manufacturing challenges.

British luxury sports car manufacturer Aston Martin has launched its latest model, the Vantage, with a 4.0-liter V8 Twin Turbo engine delivering 665PS/800Nm output. The Vantage can reach 96 kmph in 3.4 seconds and has a top speed of around 325 kmph. Key features include Active Vehicle Dynamics, Bilstein DTX adaptive dampers, and an Electronic Rear Differential.

The redemption price for SGB shall be based on the simple average of the closing gold price of 999 purity over the previous three business days from the redemption date, as published by the India Bullion and Jewellers Association Ltd (IBJA).

There were around 86 shareholders in the March quarter with a total investment of around 7.50% against 6.97% in the December quarter, according to data from BSE India.

Rajat Kapur to be MD for North India, UAE and Saudi Arabia, while Manish Khedia to take charge of South India, West India and Sri Lanka

The HQ27 located in Gurugrams MG Road market, offers over 96,000+ sq. ft. of sace across three with over 1,480+ desks. The property ahs a 15 years lease agreement with WeWork.The Pune property is Situated within Punes largest mall complex - Amanora Mall, Amanora Crest offers over 87,000 sq. ft. of workspace with around 1,700 desks under operator model

RSKMP released class 5 and 8 results on rskmp.in at 11:30 AM, available at 12:30 PM. Over 12 lakh class 5 and 11 lakh class 8 students participated in the exams held from 9:00 a.m. to 11:30 a.m. After the press conference, students can check their results on the official website rskmp.in.

The 'ICSE and ISC Results 2024' announcement by the Council for the Indian School Certificate Examinations (CISCE) is eagerly awaited, expected to be declared in the first week of May. With exams held from February to March, and rescheduling in some cases, students are advised to check the official CISCE website for updates on result declarations and follow the steps provided for accessing their scores. In the previous year, exceptional pass rates were observed, with several students achieving o