BUSINESS
HDFC Bank goes for organisational rejig
Private sector HDFC Bank on Friday announced organisational rejig under 'Project Future-Ready' for the next wave of growth. In a statement, it said it is reorganising itself into three areas, viz business verticals, delivery channels and technology/digital to be ready for the future and capitalise on the opportunities.
Boeing announces $10 mn emergency assistance package for India
According to Boeing, the assistance will be directed to organisations providing relief, including medical supplies and emergency healthcare for communities and families battling Covid-19.
Jio's Q4 net profit grows 48% to Rs 3,508 crore
During the same quarter of FY20, the company had reported a consolidated net profit of Rs 2,379 crore. Jio's consolidated revenue from operations rose 18.9 per cent on a year-on-year basis to Rs 18,278 crore during the fourth quarter of FY21. The total customer base of the company as of March 31, 2021, was 426.2 million, said a company statement.
RIL doubles Q4 net profit to Rs 13,227 cr
Reliance Industries Lts (RIL) on Friday reported a 108 per cent growth in its consolidated net profit for the January-March quarter at Rs 13,227 crore. During the same quarter of FY20, the company had reported a net profit of Rs 6,348 crore. The company, in a regulatory filing, said that Rs 13,227 crore is the net profit attributable to the owners of the company.
Yes Bank reports net loss of Rs 3,788 cr in Q4
Yes Bank on Friday reported a standalone net loss of Rs 3,787.75 crore for the January-March quarter. Its gross NPA was 15.41 per cent during the fourth quarter of last fiscal, down from 16.80 per cent reported in the same quarter in FY20. The total income of the bank during the fourth quarter of FY21 stood at Rs 4,805.30 crore.
Samir Seksaria to take over as CFO of TCS
The Board of Directors, at its meeting held on April 12, had appointed Seksaria as the Chief Financial Officer. He started his career in TCS in 1999 and spent his early years in consulting assignments involving regulatory compliance and M&A spin-offs, amongst others.
RBI Governor meets MD, CEOs of small finance banks
The Reserve Bank of India on Friday held a meeting with heads of small finance banks on credit flows . In his opening remarks, the Governor recognised the important role of the SFBs in delivering credit and other financial services to individuals and small businesses. He also emphasised the supervisory expectations in terms of maintaining their business resilience and managing risks prudently.
Apple captures 42% share, Samsung largest smartphone OEM globally
Riding on the success of its iPhone 12 series, Apple captured 42 per cent market share (by value) in the global smartphone market that posted a record $113 billion in sales for the first time in the first quarter (January-March) this year, according to a new report.
Govt to provide Rs 15k cr to states for capital expenditure
The Department of Expenditure has issued fresh guidelines in this regard on the "Scheme of Financial Assistance to States for Capital Expenditure" for the financial year 2021-22. The Finance Minister in her budget speech had announced that the Centre would take measures to nudge states to spend more on infrastructure and to incentivise disinvestment of their public sector enterprises.
Sensex down 750 points, banking stocks plunge
Heavy selling pressure was witnessed in banking and finance stocks. Around 2.35 p.m., Sensex was trading at 49,015.62, lower by 750.32 points or 1.51 per cent from its previous close of 49,765.94. It opened at 49,360.89 and has touched an intra-day high of 49,569.42 and a low of 48,921.44 points.
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