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Oil Ministry plays sunk cost card, mounts fresh E20 defence
Defending its policy, the government warned of the risk of stranding massive investments made in ethanol infrastructure over the past few years. “If, after creating this capacity, we were to arbitrarily revert to E10, what happens to these investments?” the ministry asked.
Gray skies put tourists under monsoon’s magic spell
The monsoon season is attracting many travelers to various Indian destinations. Popular spots like Goa and Kerala are seeing increased tourist footfall this year. Hill stations in Himachal and Uttarakhand also report significant growth in hotel bookings. Overseas destinations like Tajikistan are experiencing a substantial rise in travel interest. Hotels and travel brands are offering attractive deals to boost seasonal tourism.
Trai pushes back on spam tag for 1600, 140 numbers
Trai clarified that tagging and blocking calls from 1600 and 140 series numbers is not allowed. Subscribers can manage promotional calls from registered telemarketers using the Do Not Disturb registry. The 1600 series numbers are designated for service and transactional calls by financial sector entities. This clarification follows Truecaller's statement about not marking such calls as spam. Spam calls from these number series have reportedly surged significantly.
Just Dial Q1 Results | Revenue growth lifts earnings, but margins decline
Shares of Just Dial Ltd ended at ₹565.00, up by ₹19.05, or 3.49%, on the BSE.
Sensex, Nifty gain over 1% each as global sentiment improves, crude prices soften - The New Indian Express
Sensex, Nifty gain over 1% each as global sentiment improves, crude prices softenThe New Indian Express
Tata Asset Management Appoints Anand Vardarajan As CEO & MD; Hemant Kumar Named CBO
Vardarajan, who has been associated with Tata Asset Management since 2018, previously served as the company's Chief Business Officer.
Indian Bank drops capital raising plan on lower ECL hit
Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank's net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also saw significant year-on-year growth.
Indian Bank drops capital raising plan on lower ECL hit
Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank's net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also saw significant year-on-year growth.
Fino Payments Bank June update: Deposits rise 11%, loan referrals surge 3.5x
Fino Payments Bank reported an 11% year-on-year growth in deposits to ₹2,755 crore, with 3.1 lakh new accounts opened. Its loan referral business saw a 3.5x increase to ₹240 crore, but transaction throughput declined 35% due to the shift to UPI.
IREDA declares Gensol Engineering, Gensol EV Lease accounts as fraud; reports to RBI
Shares of Indian Renewable Energy Development Agency Ltd ended at ₹126.40, up by ₹4.65, or 3.82%, on the BSE.
Adani Green's Q1 energy sales surge 30% on higher renewable capacity
Adani Green Energy's operational renewable capacity rose 27% year-on-year to 20,142 MW, while electricity generation climbed 30%, driven by new projects and the continued expansion of its Khavda renewable energy park.
Sun Pharma Q1 Results: Date, Time, Dividend News, Earnings Call Schedule And More
Sun Pharma Q1 Result Details.