LIC HFL increases rate of interest for loan products

Mumbai, May 13 (UNI) LIC Housing Finance Ltd (LIC HFL) on Friday revised the rate of interest for its loan products on the back of the Reserve Bank of India's (RBI) announcement on May 4, revising the repo rate. Accordingly, LICHFL has revised its rates of interest upwards ac

Retail inflation jumps to 7.79 pc in April on high food and fuel prices

New Delhi, May 12 (UNI) India's retail inflation measured by consumer price index (CPI) jumped nearly 8-year high of 7.79% in April, 2022 largely driven by high food and fuel prices, according to data released by National Statistical Office (NSO) on Thursday. Remaining firm,

Indian Bank net profit down 42 pc in Q4

New Delhi, May 11 (UNI) State-owned Indian Bank on Wednesday reported net profit of Rs 984 crore in the quarter ending March 2022 (Q4FY22) as against Rs 1,709 crore in the same period of previous financial year. The bank's net interest income (NII) during the January-March qu

FirstMeridian expands Board, Inducts four new Independent Directors

Kolkata, May 11 (UNI) FirstMeridian Business Services Limited, India's third largest staffing company, in terms of revenues for the financial year ended March 31, 2021 (Source: F&S Report) has announced the appointment of four independent directors on its Board of Directo

NSE Academy collaborates with The Risk and Insurance Management Society, Inc.

Mumbai, May 10 (UNI) NSE Academy Limited (NAL), a wholly owned subsidiary of the National Stock Exchange (NSE) has signed an agreement with The Risk and Insurance Management Society, Inc. (RIMS)to deliver a series of RIMS-Certified Risk Management Professional Certification (RIMS

Weak rupee and high ATF prices to erode airline margins

New Delhi, May 10 (UNI) With almost 60% of their cost in dollars, falling rupee against greenback is set to hit airlines that operate on wafer-thin margins. Weakening rupee is set to add to the woes of domestic carriers which have been reeling under high jetfuel prices. Speaking

Central Bank posts Rs 310 crore profit in Q4, trims NPA

New Delhi, May 9 (UNI) State-owned Central Bank of India on Monday reported Rs 310 crore net profit in the quarter ending March, 2022 (Q4) as against loss of Rs 1,349.2 crore in the same period previous year. Gross non-performing asset (NPA) of the bank in Q4 stood at 14.84% as a

Reliance Brands signs franchise agreement with Tod's

New Delhi, May 9 (UNI) Reliance Brands Ltd (RBL) on Monday said it has signed franchise agreement with Italian luxury lifestyle major Tod's to sell the latter's products across all categories including footwear, handbags and accessories in India. Tod's has been operat

IndiGo stands by its decision on denied boarding to special-need child

New Delhi, May 9 (UNI) Facing massive backlash over social media for denying boarding to a special-need child at Ranchi airport over the weekend, IndiGo on Monday stood by its decision saying it made the best possible decision under difficult circumstances. "While providing

ATF price threatens aviation recovery: ICRA

New Delhi, May 9 (UNI) Aviation turbine fuel (ATF) prices, hit by the Russia-Ukraine conflict, continues to be a major threat to the recovery process of the aviation industry, ICRA said on Monday. ''ATF prices have surged by 89 per cent on a Y-o-Y basis in May 2022 given