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Bharti Airtel is not planning to utilize the remaining ₹15,000 crore from its rights issue proceeds anytime soon, according to analysts citing insights from the telco s senior management. The company had raised approximately ₹5,247 crore in the initial tranche of its ₹21,000-crore rights issue two years ago, with the option to access the remaining 75% through additional calls within 36 months. ....
The PFRDA has proposed a systematic lump sum withdrawal system that allows subscribers to get regular payments instead of a lump sum withdrawal from the NPS investment. ....
In the December quarter (Q3FY24), sales volume grew by a mere 4% year-on-year to 8.5 million metric standard cubic meters per day, lower than analysts’ estimates ....
Kotak Mahindra Bank reported 8% YoY growth in net profit to Rs 3,005 crore for Q3 2023, due to provisioning towards alternative investment funds and loss in the fixed income book. Net interest income rose nearly 16% YoY to Rs 6,553 crore. The gross non-performing assets ratio was 1.73%, and slippages increased to Rs 1,177 crore. The net non-performing assets ratio was 0.34%. Total advances were at Rs 3.72 lakh crore, driven by growth in retail micro finance and credit cards. The bank plans to raise funds and re-appoint Uday Shankar as independent director. For the nine months ended December, net profit rose 30% to Rs 9,648 crore. ....