Partha Pratim Sengupta, who will be taking charge as the MD and CEO of Bandhan Bank in early November, has his task cut out. The Kolkata-based lender, which converted itself from a microfinance institution to a universal bank, is in its 10th year of operation. The bank was able to cut down the share of the micro loan book over these years.
Posts tagged Rediff
‘Tatas to create 5 lakh manufacturing jobs in 5 yrs’ (15-10-2024)
Tata Group will create 5 lakh manufacturing jobs in the next five years across sectors such as semiconductor, electric vehicles, battery and related industries, its Chairman N Chandrasekaran said on Tuesday.
IPO-bound Hyundai raises Rs 8,315 cr from investors (15-10-2024)
Hyundai Motor India (HMIL) raised Rs 8,315 crore from anchor investors on Monday, setting the stage for the country’s biggest-ever maiden share sale. The Indian arm of the South Korean carmaker Hyundai Motor Company (HMC) allotted 42.4 million shares to 225 funds at Rs 1,960 apiece, the higher end of its price band. Among the investors receiving allotments were the Singapore government’s sovereign wealth fund (GIC), New World Fund, and Fidelity.
Strike: Lessons For Samsung From Hyundai (15-10-2024)
IPO bound HMIL, which is also from South Korea, had faced severe labour unrest for nearly a decade till the realisation — a worker’s union cannot be avoided — dawned on it.
India Inc Biggies Plan To Invest $800 Bn (15-10-2024)
Roughly 40% of this projected outlay is expected to go towards emerging industries, including green hydrogen, clean energy, semiconductors, and electric vehicles.
HCLTech Q2 net rises 11% to Rs 4,235 crore (14-10-2024)
IT services major HCL Technologies (HCLTech) on Monday reported a 10.51 per cent increase in consolidated net profit to Rs 4,235 crore in July-September quarter of FY25, as the company raised the lower band of its growth guidance on the back of better-than-expected performance. The Noida-headquartered firm had posted a net profit of Rs 3,832 crore in the year-ago period. HCLTech increased the lower band of its revenue growth guidance to 3.5-5 per cent year-on-year in constant currency, against a guidance of 3-5 per cent in the first quarter.
Retail inflation in Sep hits 9-month high of 5.49% (14-10-2024)
Soaring vegetable prices pushed the retail inflation rate to a nine-month high of 5.49 pr cent in September, according to government data released on Monday. The consumer price index (CPI)-based retail inflation rate was 3.65 per cent in August and 5.02 per in September 2023. The previous high inflation rate was witnessed in December 2023 at 5.69 per cent.
RIL’s Q2 net falls 5% on weak O2C business (14-10-2024)
Reliance Industries Ltd on Monday reported a 5 per cent fall in the net profit for the July-September quarter, as weak oil refining and petrochemical business hurt operational performance.
3 ‘inequality’ researchers share 2024 Economics Nobel (14-10-2024)
The Royal Swedish Academy of Sciences on Monday has decided to award the 2024 Nobel Prize also known as the Sveriges Riksbank Prize in Economic Sciences to Daron Acemoglu, Simon Johnson and James A. Robinson “for studies of how institutions are formed and affect prosperity.”
Sensex rises 592 points on buying in IT, banking shrs (14-10-2024)
From the Sensex pack, Tech Mahindra, HDFC Bank, Larsen and Toubro, ITC, Infosys, IndusInd Bank, Kotak Mahindra Bank, Titan and HCL Technologies were among the gainers. Maruti Suzuki India, Tata Steel, Bajaj Finance, UltraTech Cement, Nestle India, Axis Bank and Tata Consultancy Services (TCS) were among the laggards.