State-run Bank of India on Thursday (April 30) said its board has approved raising up to ₹7,500 crore through the issue of Basel III-compliant Tier-I and Tier-II bonds during FY27. The fundraise will comprise up to ₹2,500 crore through Tier-I bonds and up to ₹5,000 crore through Tier-II bonds, the bank said. In April this…
IT major Infosys has appointed Nitin Paranjpe as the non-executive vice chairman of its board with immediate effect, strengthening its leadership structure at the board level. Paranjpe brings deep consumer and global boardroom experience, having served as non-executive chairman of Hindustan Unilever and vice chairman of Heineken. His elevation strengthens Infosys’ board as the IT…
ACC Ltd, a subsidiary of Ambuja Cements and part of the Adani Group, reported a steep 68.3% year-on-year decline in Q4 net profit at ₹238.3 crore, compared to ₹751 crore in the same period last year. Revenue grew 18% to ₹7,125 crore. Operating performance weakened, with EBITDA falling 19.9% to ₹605 crore and margins contracting…
Mumbai-based NBFC Capri Global Capital Ltd reported a strong set of March quarter earnings, with profit and revenue rising sharply, supported by growth across its lending segments. Net profit for the quarter rose 59% year-on-year to ₹283 crore, compared with ₹178 crore in the same period last year. Revenue increased 45% to ₹1,385 crore from…
The number of shares offered by shareholders of NSE in the just concluded tendering exercise is exceeding the potential quantum of equity holdings that may be sold by the exchange in its proposed initial public offering, according to people familiar with the matter. The deadline for the share tender passed on April 27, the people…
Pharma firm Indoco Remedies Ltd on Thursday (April 30) said it has approved the transfer of its ophthalmic business through an agreement to transfer business (ATB) with Sunways (India) Private Limited for a consideration of ₹110 crore on a slump sale basis. The transaction covers the company’s ophthalmic division across India and select international territories,…
Homegrown social media platform ShareChat is preparing to go public within the next 12-18 months, its Co-Founder and CEO Ankush Sachdeva told CNBC-TV18 in an exclusive interaction. The company, which was last valued at around $1.5 billion after a correction from its $5-billion peak in 2022, said valuations will ultimately be discovered closer to the…
Battery and flashlights maker Eveready Industries India Ltd on Thursday (April 30) reported a sharp increase in consolidated net profit for Q4FY26, which rose more than 13 times to ₹142 crore from ₹10.4 crore in the same quarter last year. The profit figure includes an exceptional gain of ₹102.7 crore. Revenue for the quarter increased…
Central Bank of India on Thursday, April 30, reported a mixed performance for the fourth quarter with net profit falling 30% even as its core income remained strong. The bank posted a net profit of ₹724.4 crore for Q4FY26, compared with ₹1,033.6 crore in the year-ago period. However, net interest income (NII) rose 17.8% year-on-year…
Revenue – Rs 1669 crore in Q4 FY26 vs Rs 1308 crore in Q4 FY25, up 27.6% YoY Read Full Article EBITDA – Rs 232.64 crore in Q4 FY26 vs Rs 179.61 crore in Q4 FY25, up 29.5% YoY EBITDA Margin – 13.9% in Q4 FY26 vs 13.7% in Q4 FY25, up 21 bps YoY…
