Fri, Feb 9, 2024 10:16 PM
RBI raises annual remuneration cap to Rs 30 lakh for non-exec directors
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Sharekhan's research report on Mahindra Lifespace Developers. Mahindra Lifespace Developers Limited (MLDL) reported robust residential sales bookings of Rs. 1086 crore (up 3x y-o-y and 2.5x q-o-q) for Q4FY2024, driven by strong response garnered for Vista, the Kandivali project’s launch (Rs. 927 crore pre-sales). Collections too remained healthy at Rs. 412 crore (up 35.5% y-o-y and 6.7% q-o-q).
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Vodafone Idea Ltd. is in talks with lenders for loans totaling 150 billion rupees ($1.8 billion) in the next two years, people familiar said, as the billionaire Kumar Mangalam Birla-led wireless carrier seeks to turn around its unprofitable operations. This would be the first move in a plan to raise 250 billion rupees overall in debt, with the proceeds helping to repay operational creditors.
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South Indian Bank on Thursday reported a 13.88 per cent decline in March quarter net profit to Rs 287.56 crore. The private sector bank posted a net profit of Rs 333.89 crore in the January-March period of the 2022-23 fiscal year.Total expenditure increased to Rs 2,187 crore in the March quarter, from Rs 1,757 crore in the same period a year ago, South Indian Bank said in a regulatory filing.
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