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RBI fines PNB, Federal Bank, Mercedes Financial Services for breach of rules

Nov 3, 2023

Mumbai, Nov 3 (IANS) The Reserve Bank of India (RBI) said on Friday that it has imposed monetary penalties on Punjab National Bank, Federal Bank, Mercedes-Benz Financial Services India and Kosamattam Finance for violating the central bank's norms.A fine of Rs 72 lakh on Punjab National Bank, Rs 30 lakh on Federal Bank, Rs 13.38 lakh on Kosamattam…

New WhatsApp spy mod attacks Telegram users over 340K times in Oct: Report

Nov 3, 2023

New Delhi, Nov 3 (IANS) Cybersecurity researchers have discovered a new malicious "WhatsApp spy mod", which has attacked messaging platform Telegram users more than 340,000 times in October alone, a new report said on Friday. According to…

Business

Blinkit’s quarterly contribution margin turns positive for 1st time: Zomato CEO

Nov 3, 2023

New Delhi, Nov 3 (IANS) Zomato-owned quick commerce platform Blinkit's business turned contribution positive in Q2 FY24 for the first time for the entire quarter, the company said on Friday, adding that Blinkit's gross order value (GOV)…

Business

Titan Company books Rs 940 cr PAT for Q2

Nov 3, 2023

Chennai, Nov 3 (IANS) Watches, wearables and jewellery company Titan Company Ltd on Friday said it closed the second quarter of FY24 with a higher net profit of Rs 940 crore.In a regulatory filing, Titan Company said for the quarter ended…

Business

Zomato logs Rs 36 cr net profit in Q2, sales up 71% to Rs 2,848 cr

Nov 3, 2023

New Delhi, Nov 3 (IANS) Online food delivery platform Zomato said on Friday that it registered Rs 36 crore as profit after tax (PAT) in the quarter ending September 30, as its revenues surged 71 per cent to Rs 2,848 crore. The online…

Business

UCO Bank Q2 net down to Rs 401.67 cr

Nov 3, 2023

Chennai, Nov 3 (IANS) Public sector mortgage lender UCO Bank on Friday said it closed the second quarter of FY24 with a Rs 102.85 crore lower net profit as compared to previous year corresponding period.In a regulatory filing, UCO Bank said…

Business

Reduced material cost adds muscle to MRF’s Q2 profits to Rs 571.93 cr

Nov 3, 2023

Chennai, Nov 3 (IANS) The `tyre with a muscle’ maker, MRF Ltd beefed up its bottomline for the second quarter of FY24 due to drastic reduction in material costs and increased operational revenue. The company has also declared an interim…

Business

Raymond Group to foray into aerospace, defence, EV components biz with acquisition in Maini…

Nov 3, 2023

New Delhi, Nov 3 (IANS) Raymond Group has announced the acquisition of 59.25 per cent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals. This acquisition is a strategic move to…

Business

Arvind Fashions share price jumps 8 per cent after sale of beauty subsidiary to Reliance Beauty and…

Nov 3, 2023

New Delhi, Nov 3 (IANS) Arvind Fashions share price is up 8 per cent after the company sold its subsidiary, Arvind Beauty Brands Retail to Reliance Beauty and Personal Care.Arvind Fashions' share price is up 8 per cent at Rs 351.70 on…

Business

Spice & pickles king Atul Bedekar dies at 56 in Mumbai (Lead)

Nov 3, 2023

Mumbai, Nov 3 (IANS) Atul V. Bedekar, the spice and pickles king, and Director of the V. P. Bedekar & Sons group, passed away following a prolonged illness early on Friday, family sources said here.He was 56 and breathed his last around…

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