EPC firm Tata Projects on Thursday reported a profit after tax of Rs 120.57 crore for the quarter ended March 31 on the back of higher revenues. The company had posted a loss of Rs 366.42 crore in the year-ago period, Tata Projects said in a statement.
Axis Bank's board approved the re-appointment of Amitabh Chaudhry as MD & CEO for three more years, subject to RBI approval, effective January 2025. Chaudhry, who joined in 2019, led HDFC Life previously. The bank also re-appointed Meena Ganesh and Gopalaraman Padmanabhan as Independent Directors. In Q4, Axis Bank reported strong profits, with concerns about deposit growth for the upcoming fiscal yea
KPIL's order intake (including LOAs/LOIs) in the current financial year stands at a record high of Rs 30,000 crore including some large and strategic order wins in T&D, B&F, Oil & Gas, and Urban Infra business, he added.
Atul Mehra, the joint managing director at JM Financial Services, has resigned from his position after a 33-year tenure. He is set to join Axis Capital as the managing director and chief executive, filling the vacant position since December 2018. The role of interim managing director Salil Pitale, who has been in the position since 2018, is unclear. Mehra's resignation is effective by April 20, as he pursues alternative career opportunities. JM Financial Services recently ranked sixth in the Indian equity capital market league table, while Axis Capital fell to the ninth position.
Neetika Bhatia has previously worked with companies like Citibank, Atos Origin, and Trica. Bhatia has an MBA in Human Resources from Management Development Institute (MDI), Gurgaon.
The Reserve Bank of India has requested Federal Bank to submit two candidates to replace current Managing Director and CEO Shyam Srinivasan, whose term ends on September 22, 2024. The bank is advised to submit a fresh proposal with a panel of at least two fresh names, considering the candidate's likely tenure and the bank's longer-term requirements.
India Business News: AU Small Finance Bank expects to close the year with Rs 1 lakh crore of deposits should the announced merger with Fincare Small Finance Bank go throug
The Reserve Bank of India (RBI) has instructed banks to enhance their senior management teams by appointing at least one whole-time director, in addition to the managing director, within four months. The RBI highlighted the importance of establishing effective senior management teams in banks to handle current and future challenges.
India Business News: Real estate sector on a reported basis accounted for more than 50% of the total realizations under IBC. However subsequent to release of data by IBBI,