On Thursday, the Reserve Bank of India restricted New India Cooperative Bank from issuing loans, accepting new deposits, or permitting withdrawals for six months. A day later, RBI superseded the board of directors of the bank when it emerged that…
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Omnichannel eyewear retailer Lenskart has started the process of its initial public offering (IPO) and is looking to file its draft papers by May, sources told ET. The company is set to enter the public markets with a $10 billion…
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According to the ETIG analysis, aggregate revenue for a sample of 3,400 companies rose by 6.9% while net profit grew by 12.6% year-on-year in the December quarter. Revenue and profit growth was 7.9% and 26.2%, respectively, in the year-ago quarter.
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B9 Beverages, owner of Bira beer, faced a challenging FY24 with sales dropping by over 20% and losses increasing by 68% due to regulatory changes and a name change. Despite demand, the company halted supplies to register its new product…
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Markets regulator Sebi has introduced industry standards for the minimum information required for audit committee and shareholder approval of related party transactions. These standards, formulated with industry associations, will come into effect from April 1, aiming to ensure a uniform…
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Long-Distance Running & Wealth Building: Brothers from Another Mother Although not closely related, long-distance running and wealth building have significant similarities. Both are dependent on patience, discipline and hard work.’ The. A strategic approach to wealth creation is akin…
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