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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 […]
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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 […]
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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 […]
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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. […]
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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 […]
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Muthoot Finance to raise up to Rs300 cr through NCD issue
BBN Bureau Public issue of debentures to commence on May 25 KOCHI/May 24-2022: Muthoot Finance Ltd is aiming to raise up to Rs300 crore through a public issue of secured non-convertible debentures (NCDs). A statement from Muthoot said this is company’s 27th series of Public Issue of Secured Redeemable Non-Convertible Debentures and the face value […]
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Kitex FY22 profit more than doubles to Rs129 cr
BBN Bureau Board proposes 150 pc (Rs1.50) final cash dividend KOCHI/May 20-2022: Kitex Garments Ltd (KGL) has recorded standalone net profit of Rs44.34 crore for the fourth quarter (Q4) ending March 31 2022. This is three and a half times the profit recorded by the company in the same period last year and 27.74 per […]
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Large impairments land Muthoot Capital in Rs172 crore FY22 loss
BBN Bureau KOCHI/May18-2022: Impairment on financial instruments to the tune of a whopping Rs235.92 crore during the fourth quarter (Q4) has landed Muthoot Capital in a huge net loss of Rs153.22 crore for the fourth quarter. For the full year too, the impairment on financial instruments was larger at Rs324.36 crore, which ultimately took the […]
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ESAF closes FY22 with Rs54.73 cr net profit
By CL Jose IPO likely to be launched before Oct 20 KOCHI/May 11-2022: ESAF Small Finance Bank closed the financial year 2021-22 (FY22) with a much-needed net profit of Rs54.73 crore after lapping up a cumulative loss of more than Rs50 crore towards the end of third quarter (Q3) ending December 31, 2021. The Rs105.60 […]
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Kalyan FY22 standalone profit soars 55 pc to Rs214cr
BBN Bureau Consolidated revenue at Rs10,818 cr is record high KOCHI/May 11-2022: Kalyan Jewellers India Ltd recorded a standalone net profit (profit after tax -PAT) of Rs70.48 crore for the quarter ending March 31, 2022 (Q4) compared with Rs66.5 crore for the same period last year and Rs118.37 crore for the previous quarter ending December […]