Author: Benchmark Bureau

  • Rs100 most preferred banknote; Rs5 is coin of choice

    Rs100 most preferred banknote; Rs5 is coin of choice

    BBN Bureau Consumer survey spanned 28 states, 3 UTs MUMBAI/June 02-2022: A consumer survey carried out by the Reserve Bank of India (RBI) recently has found that Rs100 as the most preferred banknote and Rs5 as the most favoured coin, whereas Rs2000 was found to be the least preferred banknote. A diverse sample of 11,000 […]

  • Kerala receives Rs5,693 cr as GST compensation dues

    Kerala receives Rs5,693 cr as GST compensation dues

    By CL Jose Centre releases Rs86,912 cr to clear entire GST dues to states NEW DELHI/June 01-2022: The Government of India has released the entire amount of GST compensation payable to States up to May 31, 2022 by releasing an amount of Rs86,912 crore, according to an official release on June 1 from the Ministry […]

  • Holding excess liquidity is Muthoot Finance’s conscious decision

    Holding excess liquidity is Muthoot Finance’s conscious decision

    By CL Jose Downplaying Spread target to 10 pc KOCHI/June 01-2022: Many may have wondered why Muthoot Finance, the largest gold loan company, carries a larger-than-required liquidity on its balance sheet, leading to a ‘negative carry’. And the liquidity, in the form of cash and cash equivalents, have been growing steadily in the past couple […]

  • LIC profit for FY22 surges 39.4 pc to Rs4,043 cr

    LIC profit for FY22 surges 39.4 pc to Rs4,043 cr

    BBN Bureau Proposes Rs1.50 apiece cash dividend MUMBAI/May 31-2022: The Life Insurance Corporation (LIC) of India recorded 39.39 per cent growth in its net profit for the financial year 2021-22 (FY22) to Rs4,043.12 crore as against Rs2,900.57 crore in the previous year. For the year ended March 31, 2022, LIC registered an increase of 6.1 […]

  • Kerala’s maiden market borrowing of FY23

    Kerala’s maiden market borrowing of FY23

    By CL Jose To borrow Rs1500 cr on May 31; Rs9000 cr was planned for Q1  THIRUVANANTHAPURAM/May 27-2022: Kerala is set to open its account in the state development loan (SDL) book on May 31 with its Rs1500 crore maiden borrowing in the current financial year. The RBI notification today (May 27) showed that Kerala […]

  • IRDAI cautions against non-compliance of Ombudsman awards

    IRDAI cautions against non-compliance of Ombudsman awards

    711 Insurance Ombudsman awards pending for compliance By CL Jose HYDERABAD/May 27-2022: The insurance regulator, the Insurance Regulatory and Development Authority of India (IRDAI), has come down heavily on insurance companies for non-compliance of awards passed by Insurance Ombudsman within the prescribed timelines. The regulator said that the failure on the part of the insurers […]

  • V-Guard Q4 profit grows 31 pc to Rs90 cr

    V-Guard Q4 profit grows 31 pc to Rs90 cr

    BBN Bureau Full-year profit up by 13 pc to Rs228.44 cr KOCHI/May 26-2022: The consolidated profit after tax (PAT) or net profit of V-Guard Industries, the leading consumer electricals and electronics company, for the quarter ended March 31, 2022 was Rs89.58 crore, growing by 31 per cent over the corresponding period of the previous year […]

  • Wonderla closes FY22 with Rs9.5 cr loss; Q4 profit at Rs8.5 cr

    Wonderla closes FY22 with Rs9.5 cr loss; Q4 profit at Rs8.5 cr

    BBN Bureau BANGALORE/May 26-2022:  Wonderla Holidays Ltd, India’s leading amusement park chain has reported a net profit of Rs8.51 crore for the fourth quarter (Q4) compared with a net loss of Rs4.87 crore recorded for the same quarter last year. However, the company closed the financial year 2021-22 (FY22) with a lower net loss of […]

  • ONGC’s exploration capex for FY22-25 pegged at Rs31k crore

    ONGC’s exploration capex for FY22-25 pegged at Rs31k crore

    BBN Bureau NEW DELHI/May 26-2022: ONGC has drawn up a comprehensive roadmap to further intensify its exploration campaign, allocating a capital expenditure (Capex) of about Rs31,000 crore in the next three fiscal years – during FY 2022-25. This was decided at ONGC’s 349th Board Meeting that was convened exclusively for firming its Future Exploration Strategy. […]

  • Base premium for 3rd party insurance notified

    Base premium for 3rd party insurance notified

    BBN Bureau NEW DELHI/May 26-2022: Road Transport and Highways Ministry has issued notification pertaining to base premium for Third Party Insurance for unlimited liability. The Ministry in consultation with the Insurance Regulatory and Development Authority of India (IRDAI), has published Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 on May 25. “The […]