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Unknown Source - Business - News Image
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BusinessDec 15, 2024 01:51 PM

PM to chair conference of Chief Secretaries

Discussions to revolve around entrepreneurship, employment and skilling at fourth national conclave Prime Minister Narendra Modi will chair the fourth National Conference of Chief Secretaries from Saturday (December 14, 2024). Organised by the NITI Aayog, the theme of the three-day conference is 'Promoting Entrepreneurship, Employment & Skilling - Leveraging the Demographic Dividend'. The meeting will also see discussions on manufacturing, services, renewable energy and circular economy among o ...Read More >

Unknown Source - Business - News Image
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38
BusinessDec 12, 2024 06:35 PM

Brookfield REIT QIP sees 2x demand, LIC, IFC, mutual funds among investors

Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in I ...Read More >

Rediff - Business - News Image
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BusinessDec 12, 2024 06:08 PM

PSB NPAs Decline to Decade Low: FinMin

New Delhi, Dec 12 (PTI) Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs -- recognition, recapitalisation, resolution, and reform -- taken by the government, the finance ministry said on Thursday. Since 2015, the government implemented a comprehensive 4Rs strategy of recognising NPAs transparently, resolution and recovery, r ...Read More >

LatestLY - Business - News Image
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BusinessDec 12, 2024 05:03 PM

Business News | Gross NPA of Public Sector Banks Declined to 3.1% from Peak of 14.6% in March 2018 |...

New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Val ...Read More >

Social News XYZ - Business - News Image
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BusinessDec 12, 2024 04:32 PM

Gross NPA of PSBs drops to 3.12 pc in 10 years, net profit at Rs 1.41 lakh cr in FY24: Centre

New Delhi, Dec 12 (SocialNews.XYZ) The gross non-performing asset (NPA) ratio of public sector banks (PSBs) declined to 3.12 per cent in September this year, from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the Centre informed on Thursday. The Ministry of Finance said in a statement that public sector banks (PSUs) recorded the highest ever aggregate net profit of Rs 1.41 lakh crore during FY2023-24, against net profit of Rs 1.05 lakh crore in FY2022-23, and reco ...Read More >

Asian News International (ANI) - Business - News Image
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BusinessDec 12, 2024 04:28 PM

Gross NPA of public sector banks declined to 3.1% from peak of 14.6% in March 2018

New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Over the past decade, the government ...Read More >

NewsDrum - Business - News Image
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BusinessDec 04, 2024 04:16 PM

Meja Urja Nigam board approves first dividend of Rs 350 cr for FY25

New Delhi, Dec 4 (PTI) UP-based Meja Urja Nigam Pvt Ltd (MUNPL) on Wednesday said its board has approved the first interim dividend of Rs 350 crore for the current financial year. The dividend will be paid in ratio of 50:50 to promoter entities NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) by this week, the company said in a statement. "The Board of Directors on Tuesday approved the payment of an interim dividend of Rs. 0.96 per ordinary share of Rs 10 each, totalling Rs ...Read More >

Economic Times - Business - News Image
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BusinessDec 02, 2024 01:16 PM

FY25 should be one of strongest years; expect 1-1.5% margin expansion a year: CAMS CEO

Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as thing ...Read More >

Economic Times - Business - News Image
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BusinessDec 02, 2024 01:15 PM

FY25 should be one of strongest years; expect 1-1.5% margin expansion a year: CAMS CEO

Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as thing ...Read More >

MoneyControl - Business - News Image
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26
BusinessNov 29, 2024 10:43 AM

Zee Entertainment shares rise 5% as shareholders reject proposal to reappoint Punit Goenka as direct...

Zee Entertainment Enterprises Ltd (ZEEL) shares rose 5% on November 29 a day after shareholders rejected proposal to reappoint Punit Goenka as director. The media firm's shares rose over 5% to Rs 132.69 apiece on November 29. In a regulatory filing by the company on November 28, ZEEL said that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director ...Read More >

Investing.com - Business - News Image
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BusinessNov 27, 2024 09:22 PM

Getty Realty stock hits 52-week high at $33.29 amid growth By Investing.com

In a notable performance, Getty Realty Corp (NYSE:GTY)'s stock reached a 52-week high, touching $33.29. This peak reflects a robust phase for the real estate investment trust, specializing in the ownership, leasing, and financing of convenience store and gasoline station properties. Investors have witnessed a significant uptick in the company's stock value, with a 1-year change showing an impressive 13.89% increase. This surge underscores the market's positive reception to Getty Realty's strateg ...Read More >

Investing.com - Business - News Image
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BusinessNov 27, 2024 09:21 PM

2 Magnificent CEOs: Why Buy Stock in Any Company They Are Running | Investing.com

Alber doubled Williams-Sonoma's business since 2010 and widened the margin; growth is expected to continue and support a healthy capital return. There are many reasons to own a stock, and the CEO is one of them. The right CEO can be the defining factor in a company's success, shaping operations, driving growth, and delivering substantial shareholder returns. Strong leadership often signals not just steady performance but transformative potential. Brian Niccol and Laura Alber are prime examples ...Read More >

Economic Times - Business - News Image
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BusinessNov 26, 2024 01:54 PM

YES Securities initiates coverage on TIPS Music, sees upside potential of 18% with target price of R...

TIPS Music, one of India's leading music labels, has received a 'Buy' rating from YES Securities as it initiated coverage on the firm, with a target price of Rs 1,050, indicating a potential upside of 18% from the current market price of Rs 888.65. Shares of TIPS Music climbed as much as 1.7% on Tuesday to Rs 888.65 on BSE. Yes Securities has valued TIPS Music at a Price-to-Earnings (P/E) ratio of 47 times based on projected earnings per share (EPS) for September 2026, reinforcing its bullish r ...Read More >

Investing.com - Business - News Image
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BusinessNov 19, 2024 05:17 AM

Marvell technology's COO Chris Koopmans sells $534,840 in stock By Investing.com

Chris Koopmans, Executive Vice President and Chief Operations Officer of Marvell (NASDAQ:MRVL) Technology, Inc. (NASDAQ:MRVL), recently sold 6,000 shares of the company's common stock. The transaction, executed on November 15, 2024, amounted to $534,840, with shares sold at a price of $89.14 each. Following this sale, Koopmans retains 103,244 shares, which are held indirectly through the Christopher R. Koopmans and Heather J. Koopmans Family Trust. The sales were conducted under a pre-arranged ...Read More >

Investing.com - Business - News Image
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BusinessNov 19, 2024 05:16 AM

Consumer portfolio services director Roberts sells $313k in stock By Investing.com

William B. Roberts, a director at Consumer Portfolio Services, Inc. (NASDAQ:CPSS), recently sold a substantial amount of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Roberts offloaded a total of 30,000 shares over several days, with transactions occurring on November 14, 15, and 18. The shares were sold at prices ranging from $10.37 to $10.49, generating proceeds of approximately $313,000. Following these sales, Roberts retains ownership of 770,078 sh ...Read More >

Investing.com - Business - News Image
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BusinessNov 19, 2024 05:05 AM

CHICAGO RIVET & MACHINE CO. DECLARES DIVIDEND By Investing.com

NAPERVILLE, Ill., Nov. 18, 2024 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share payable December 20, 2024, to all shareholders of record on December 5, 2024. This is a $0.07 per share reduction from the $0.10 per share quarterly cash dividend that the Company has declared and paid in recent quarters. The Company stated that while its financial position remains sound, the Board of D ...Read More >

Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.