BANKING

Standard Chartered Bank drives in financing access for Tata Motors’ Passenger Electric Vehicle Dealers

Tata Motors (TML), India’s leading automobile manufacturer, announces its partnership with Standard Chartered Bank, India, offering Supply Chain Finance Solutions for TML’s Passenger Electric Vehicle dealers. In the image, senior officials from both companies at…


Godrej Security Solutions embarks upon a consultative sales and immersive experience for customers through its Innovative #DeshkiTijori campaign with Bollywood Star Ayushman Khurana

To spread awareness of Home Security, Godrej Security Solutions has conceptualized a life-sized locker on wheels’ with a smart home integrated in it. It has started touring in Mumbai and aims to cover 100 cities…




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GODREJ AGROVET LIMITED (GAVL) Announced Q2FY24 Earnings_EBITDA up ~35% YoY and PAT up 51% YoY Results

Mumbai, November 3, 2023 (GNI) : Godrej Agrovet Limited (“GAVL”) has today announced its financial results for the second quarter and half-year ended September 30, 2023 HIGHLIGHTS OF FINANCIAL PERFORMANCE (Q2 and H1 FY24) Q2 FY24 Financial Summary ·         The Company reported consolidated revenues from operations of Rs. 2,570.9 crore in Q2 FY24 as compared to Rs. 2,445.3 crore in Q2 FY23, a growth of 5% year-on-year ·         Q2 FY24 consolidated EBITDA* increased to Rs. 214.6 crore from Rs. 159.1 crore in Q2 FY23, a growth of 35% year-on-year ·         Q2 FY24 Profit before tax* increased to Rs. 133.8 crore from Rs. 87.3 crore in Q2 FY23, a growth of 53% year-on-year H1 FY24 Financial Summary ·         The Company reported consolidated revenues from operations of Rs. 5,081.1 crore in H1 FY24 as compared to Rs. 4,955.2 crore in H1 FY23, a growth of 3% year-on-year ·         H1 FY24 consolidated EBITDA** increased to Rs. 421.4 crore from Rs. 328.4 crore in H1 FY23, a growth of 28% year-on-year ·         H1 FY24 Profit before tax** increased to Rs. 258.3 crore from Rs. 190.1 crore in H1 FY23, a growth of 36% year-on-year * EBITDA and Profit before Tax in Q2 FY24 excludes non-recurring item of Rs. 2.0 Crore towards provision of differential VAT, ** EBITDA and Profit before Tax in H1 FY24 excludes non-recurring item of Rs. 4.3 Crore towards provision of differential VAT dues and dues in respect of industrial plots, Profit before tax excludes share of profit from associates MANAGING DIRECTOR’S COMMENTS Commenting on the performance, Mr. B….


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CHOLAMANDALAM INVESTMENT AND FINANCECOMPANY LIMITED (CIFCL) UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER 2023 

Key Financial Results(Q2 and H1 FY 23-24):  Disbursements for the quarterwas ₹ 21,542 Cr (Up by 47%) and for the half year ₹ 41,557 Cr (Up by 49% YoY)  Total AUM at ₹ 1,33,775 Cr (Up by 46% YoY)  Net Income for the quarter was ₹ 2,367 Cr (Up 39% YoY) and forthe half year ₹ 4,493 Cr (Up 35% YoY)  PAT for the quarter was ₹ 762 Cr (Up by 35%) and for the half year ₹ 1,489 Cr (Up by 32% YoY)  Chennai, November2nd, 2023 (GNI): The Board of Directors of CIFCL today approved the unaudited financial results for…


GJEPC Expands Presence in South Mumbai with New Office at Iconic Zaveri Bazaar

Mumbai, 01st November (GNI): ( L-R): Shri Kirit Bhansali, Vice Chairman, GJEPC; Dr. Harshdeep Kamble, IAS, Principal Secretary of Industries for the Government of Maharashtra; Shri Sabyasachi Ray, Executive Director, GJEPC; Shri Vipul Shah, Chairman, GJEPC…


ASK Automotive Limited Announced its Initial Public Offer (IPO) to open on November 07, 2023, Sets Price Band fixed at ₹ 268 to ₹ 282 per Equity Share of face value of ₹ 2 each

Mumbai, 02nd November 2023 (GNI): L-R Mr. Ashwani Khare (Executive Director, ICICI Securities Limited), Mr. Devan Kampani (Deputy CEO, JM Financial Limited), Mr. Aman Rathee (Whole-Time Director, ASK Automotive Limited), Mr. Kuldip Singh Rathee (Chairman…